Document ID: SEC-2005-0348-0001
Agency: sec
Document Type: Notice
Title: Agency information collection activities; proposals, submissions, and approvals
Posted Date: 2005-12-09T05:00Z

[Federal Register: December 9, 2005 (Volume 70, Number 236)]
[Notices]               
[Page 73313-73314]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr09de05-130]                         

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SECURITIES AND EXCHANGE COMMISSION

 
Proposed Collection; Comment Request

Upon Written Request, Copies Available From: Securities and Exchange 
Commission, Office of Filings and Information Services, Washington, DC 
20549.

Extension:
    Rule 15Aj-1. SEC File No. 270-25. OMB Control No. 3235-0044.

    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 collections 
of information summarized below. The Commission plans to submit these 
existing collections of information to the Office of Management and 
Budget for extension and approval.
    Rule 15Aj-1 implements the requirements of sections 15A, 17, and 19 
of the Act by requiring every association registered as, or applying 
for registration as, a national securities association or as an 
affiliated securities association to keep its registration statement 
up-to-date by making periodic filings with the Commission on Form X-
15AJ-1 and Form X-15AJ-2.
    Rule 15Aj-1 requires a securities association to promptly notify 
the Commission after the discovery of any inaccuracy in its 
registration statement or in any amendment or supplement thereto by 
filing an amendment to its

[[Page 73314]]

registration statement on Form X-15AJ-1 correcting such inaccuracy. The 
Rule also requires an association to promptly notify the Commission of 
any change which renders no longer accurate any information contained 
or incorporated in its registration statement or in any amendment or 
supplement thereto by filing a current supplement on Form X-15AJ-1. 
Rule 15Aj-1 further requires an association to file each year with the 
Commission an annual consolidated supplement on Form X-15AJ-2.
    The information required by Rule 15Aj-1 and Forms X-15AJ-1 and X-
15AJ-2 is intended to enable the Commission to carry out its 
statutorily mandated oversight functions and to assure that registered 
securities associations are in compliance with the Act. This 
information is also made available to members of the public. Without 
the requirements imposed by the Rule, the Commission would be unable to 
fulfill its regulatory responsibilities.
    There is presently only one registered securities association, 
which registered in 1939, subject to the Rule. The burdens associated 
with Rule 15Aj-1 requirements have been borne by only one securities 
association since Rule 15Aj-1 was adopted. Furthermore, the burdens 
associated with Rule 15Aj-1 vary depending on whether amendments and 
current supplements are filed on Form X-15AJ-1 in addition to an annual 
consolidated supplement filed on Form X-15AJ-2. The Commission staff 
estimates the burden in hours necessary to comply with the Rule by 
filing an amendment or a current supplement on Form X-15AJ-1 to be 
approximately one-half hour, with a related cost of $11, per response. 
The Commission staff estimates the burden in hours necessary to comply 
with the Rule by filing an annual consolidated supplement on Form X-
15AJ-2 to be approximately three hours, with a related cost of $90. 
Therefore, the Commission staff estimates that the total annual related 
reporting cost associated with the Rule to be upwards of $90, assuming 
a minimum filing of an annual consolidated statement on Form X-15AJ-2, 
with additional filings on Form X-15AJ-1 correspondingly increasing 
such reporting cost.
    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 information shall 
have practical utility; (b) the accuracy of the Commission's estimate 
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.
    Direct your written comments to R. Corey Booth, Director/Chief 
Information Officer, Securities and Exchange Commission, Station Place, 
100 F Street, NE., Washington, DC 20549.

    Dated: December 1, 2005.
Jonathan G. Katz,
Secretary.
[FR Doc. E5-7113 Filed 12-8-05; 8:45 am]

BILLING CODE 8010-01-P