Document ID: SEC-2010-0777-0001
Agency: sec
Document Type: Notice
Title: Agency Information Collection Activities; Proposals, Submissions, and Approvals
Posted Date: 2010-05-26T04:00Z

[Federal Register: May 26, 2010 (Volume 75, Number 101)]
[Notices]               
[Page 29591]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr26my10-94]                         

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SECURITIES AND EXCHANGE COMMISSION

[Rule 15a-4; SEC File No. 270-7; OMB Control No. 3235-0010]

 
Submission for OMB Review; Comment Request

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

Extension: Rule 15a-4, SEC File No. 270-7, OMB Control No. 3235-
0010.

    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'') has submitted to the Office of Management 
and Budget a request for extension of the previously approved 
collection of information discussed below.
    Rule 15a-4 (17 CFR 240.15a-4) under the Securities Exchange Act of 
1934 (15 U.S.C. 78a et. seq.) (the ``Exchange Act'') permits a natural 
person member of a securities exchange who terminates his or her 
association with a registered broker-dealer to continue to transact 
business on the exchange while the Commission reviews his or her 
application for registration as a broker-dealer if the exchange files a 
statement indicating that there does not appear to be any ground for 
disapproving the application. The total annual burden imposed by Rule 
15a-4 is approximately 42 hours, based on approximately 10 responses 
(10 Respondents x 1 Response/Respondent), each requiring approximately 
4.23 hours to complete.
    The Commission uses the information disclosed by applicants in Form 
BD: (1) To determine whether the applicant meets the standards for 
registration set forth in the provisions of the Exchange Act; (2) to 
develop a central information resource where members of the public may 
obtain relevant, up-to-date information about broker-dealers, municipal 
securities dealers and government securities broker-dealers, and where 
the Commission, other regulators and SROs may obtain information for 
investigatory purposes in connection with securities litigation; and 
(3) to develop statistical information about broker-dealers, municipal 
securities dealers and government securities broker-dealers. Without 
the information disclosed in Form BD, the Commission could not 
effectively implement policy objectives of the Exchange Act with 
respect to its investor protection function.
    The statement submitted by the exchange assures the Commission that 
the applicant, in the opinion of the exchange, is qualified to transact 
business on the exchange during the time that the applications are 
reviewed.
    Completing and filing Form BD is mandatory in order for a natural 
person member of a securities exchange who terminates his or her 
association with a registered broker-dealer to obtain the 45-day 
extension under Rule 15a-4. Compliance with Rule 15a-4 does not involve 
the collection of confidential information. Please note that an agency 
may not conduct or sponsor, and a person is not required to respond to, 
a collection of information unless it displays a currently valid 
control number.
    Comments should be directed to (i) Desk Officer for the Securities 
and Exchange Commission, Office of Information and Regulatory Affairs, 
Office of Management and Budget, Room 10102, New Executive Office 
Building, Washington, DC 20503 or by sending an e-mail to: Shagufta_
Ahmed@omb.eop.gov; and (ii) Charles Boucher, Director/Chief Information 
Officer, Securities and Exchange Commission, c/o Shirley Martinson, 
6432 General Green Way, Alexandria, VA 22312 or send an e-mail to: 
PRA_Mailbox@sec.gov. Comments must be submitted to OMB within 30 days 
of this notice.

    Dated: May 19, 2010.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. 2010-12555 Filed 5-25-10; 8:45 am]
BILLING CODE 8010-01-P