Document ID: SEC-2014-1218-0001
Agency: sec
Document Type: Notice
Title: Agency Information Collection Activities; Proposals, Submissions, and Approvals
Posted Date: 2014-07-22T04:00Z

[Federal Register Volume 79, Number 140 (Tuesday, July 22, 2014)]
[Notices]
[Pages 42563-42564]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-17181]

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SECURITIES AND EXCHANGE COMMISSION

Proposed Collection; Comment Request

Securities and Exchange Commission, Office of FOIA Services, 100 F 
Street NE., Washington, DC 20549-2736.

Extension: Rule 17f-2(c),
    SEC File No. 270-35, OMB Control No. 3235-0029.

    Notice is hereby given that pursuant to the Paperwork Reduction Act 
of 1995 (``PRA'') (44 U.S.C. 3501 et seq.) the Securities and Exchange 
Commission (``Commission'') is soliciting comments on the collection of 
information provided for in Rule 17f-2(c) (17 CFR 240.17f-2(c)) under 
the Securities Exchange Act of 1934 (``Act'') (15 U.S.C. 78a et seq.). 
The Commission plans to submit this existing collection of information 
to the Office of Management and Budget (``OMB'') for extension and 
approval.
    Rule 17f-2(c) allows persons required to be fingerprinted pursuant 
to Section 17(f)(2) of the Act to submit their fingerprints to the 
Attorney General of the United States or its designee (i.e., the 
Federal Bureau of Investigation (``FBI'')) through a registered 
national securities exchange or a registered national securities 
association (collectively, also known as ``self-regulatory 
organizations'' or ``SROs'') pursuant to a fingerprint plan filed with, 
and declared effective by, the Commission. Fingerprint plans have been 
declared effective for the American, Boston, Chicago, New York, and 
Philadelphia stock exchanges and for the Financial Industry Regulatory 
Authority (``FINRA'') and the Chicago Board Options Exchange. 
Currently, FINRA accounts for the bulk of the fingerprint submissions.
    It is estimated that 5,000 respondents submit approximately 288,000 
sets of fingerprints (consisting of 198,500 electronic sets and 89,500 
hard copy sets) to SROs on an annual basis. The Commission estimates 
that it would take approximately 15 minutes to create and submit each 
fingerprint card. The total reporting burden is therefore estimated to 
be 72,000 hours, or approximately 15 hours per respondent, annually.
    In addition, the SROs charge an estimated $30.25 fee for processing 
fingerprint cards submitted electronically, resulting in a total annual 
cost to all 5,000 respondents of $6,004,600, or $1,200.92 per 
respondent per year. The SROs charge an estimated $44.50 fee for 
processing fingerprint cards submitted in hard copy, resulting in a 
total annual cost to all 5,000 respondents of approximately $3,982,700, 
or $796.54 per respondent per year. The combined annual cost to all 
respondents is thus $9,987,300.
    Because the FBI will not accept fingerprint cards directly from 
submitting organizations, Commission approval of fingerprint plans from 
certain SROs is essential to carry out the Congressional goal to 
fingerprint securities industry personnel. Filing these plans for 
review assures users and their personnel that fingerprint cards will be 
handled responsibly and with due care for confidentiality.
    Written comments are invited on: (a) Whether the proposed 
collection of information is necessary for the proper performance of 
the functions of the agency, including whether the

[[Page 42564]]

information will have practical utility; (b) the accuracy of the 
agency's estimate of the burden of the collection of information; (c) 
ways to enhance the quality, utility, and clarity of the information 
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.
    An agency may not conduct or sponsor, and a person is not required 
to respond to, a collection of information under the PRA unless it 
displays a currently valid OMB control number.
    Please direct your written comments to Thomas Bayer, Chief 
Information Officer, Securities and Exchange Commission, c/o Remi 
Pavlik-Simon, 100 F Street NE., Washington, DC 20549 or send an email 
to: PRA_Mailbox@sec.gov.

    Dated: July 16, 2014.
Kevin M. O'Neill,
Deputy Secretary.
[FR Doc. 2014-17181 Filed 7-21-14; 8:45 am]
BILLING CODE 8011-01-P