Document ID: SEC-2008-0306-0001
Agency: sec
Document Type: Notice
Title: Agency Information Collection Activities; Proposals, Submissions, and Approvals
Posted Date: 2008-02-27T05:00Z

[Federal Register: February 27, 2008 (Volume 73, Number 39)]
[Notices]               
[Page 10501]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr27fe08-87]                         

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SECURITIES AND EXCHANGE COMMISSION

 
Proposed Collection; Comment Request

Upon Written Request, Copies Available From: US Securities and Exchange 
Commission, Office of Investor Education and Advocacy, Washington, DC 
20549-0213.

Extension:
1-2 Rule 17a-2; OMB Control No. 3235-0201; SEC File No. 270-189.

    Notice is hereby given that pursuant to the Paperwork Reduction Act 
of 1995 (44 U.S.C. 3501, et seq.), the Securities and Exchange 
Commission (``Commission'') is soliciting comments on the collection of 
information summarized below. The Commission plans to submit this 
existing collection of information to the Office of Management and 
Budget for extension and approval.
     Rule 17a-2 (17 CFR 240.17a-2)--Recordkeeping Requirements 
Relating to Stabilizing Activities.
    Rule 17a-2 requires underwriters to maintain information regarding 
stabilizing activities conducted in accordance with Rule 104. The 
collections of information under Regulation M and Rule 17a-2 are 
necessary for covered persons to obtain certain benefits or to comply 
with certain requirements. The collections of information are necessary 
to provide the Commission with information regarding syndicate covering 
transactions and penalty bids. The Commission may review this 
information during periodic examinations or with respect to 
investigations. Except for the information required to be kept under 
Rule 104(i) (17 CFR 242.104(i)) and Rule 17a-2(c), none of the 
information required to be collected or disclosed for PRA purposes will 
be kept confidential. The recordkeeping requirement of Rule 17a-2 
requires the information be maintained in a separate file, or in a 
separately retrievable format, for a period of three years, the first 
two years in an easily accessible place, consistent with the 
requirements of Exchange Act Rule 17a-4(f) (17 CFR 240.17a-4(f)).
    There are approximately 795 respondents per year that require an 
aggregate total of 3975 hours to comply with this rule. Each respondent 
makes an estimated 1 annual response. Each response takes approximately 
5 hours to complete. Thus, the total compliance burden per year is 3975 
burden hours. The total compliance cost for the respondents is 
approximately $223,593.75, resulting in a cost of compliance for the 
respondent per response of approximately $281.25 (i.e., $223,593.75/795 
responses).
    Written comments are invited on: (a) Whether the proposed 
collection of information is necessary for the proper performance of 
the functions of the Commission, including whether the information 
shall have practical utility; (b) the accuracy of the Commission's 
estimates of the burden of the proposed collection of information; (c) 
ways to enhance the quality, utility, and clarity of the information to 
be collected; and (d) ways to minimize the burden of the collection of 
information on respondents, including through the use of automated 
collection techniques or other forms of information technology. 
Consideration will be given to comments and suggestions submitted in 
writing within 60 days of this publication.
    Comments should be directed to: R. Corey Booth, Director/Chief 
Information Officer, Securities and Exchange Commission, C/O Shirley 
Martinson, 6432 General Green Way, Alexandria, Virginia 22312 or send 
an e-mail to: PRA_Mailbox@sec.gov. Comments must be submitted within 
60 days of this notice.

    Dated: February 19, 2008.
Florence E. Harmon,
Deputy Secretary.
 [FR Doc. E8-3665 Filed 2-26-08; 8:45 am]

BILLING CODE 8011-01-P