Document ID: SEC-2012-1019-0001
Agency: sec
Document Type: Notice
Title: Agency Information Collection Activities; Proposals, Submissions, and Approvals: Rule 17a-6
Posted Date: 2012-06-29T04:00Z

[Federal Register Volume 77, Number 126 (Friday, June 29, 2012)]
[Notices]
[Page 38866]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-15941]

[[Page 38866]]

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SECURITIES AND EXCHANGE COMMISSION

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 17a-6, OMB Control No. 3235-0489, SEC File No. 270-433.

    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 17a-6 (17 CFR 240.17a-6) under the Securities Exchange Act of 
1934 (15 U.S.C. 78a et seq.) permits national securities exchanges, 
national securities associations, registered clearing agencies, and the 
Municipal Securities Rulemaking Board (``MSRB'') (collectively, 
``SROs'') to destroy or convert to microfilm or other recording media 
records maintained under Rule 17a-1, if they have filed a record 
destruction plan with the Commission and the Commission has declared 
such plan effective.
    There are currently 26 SROs: 15 national securities exchanges, 1 
national securities association, the MSRB, and 9 registered clearing 
agencies. Of the 26 SROs, 2 SRO respondents have filed a record 
destruction plan with the Commission. The staff calculates that the 
preparation and filing of a new record destruction plan should take 160 
hours. Further, any existing SRO record destruction plans may require 
revision, over time, in response to, for example, changes in document 
retention technology, which the Commission estimates will take much 
less than the 160 hours estimated for a new plan. Thus, the total 
annual compliance burden is estimated to be 60 hours per year. The 
approximate cost per hour is $305, resulting in a total cost of 
compliance for these respondents of $18,300 per year (30 hours @ $305 
per hour).
    The Commission may not conduct or sponsor a collection of 
information unless it displays a currently valid control number. No 
person shall be subject to any penalty for failing to comply with a 
collection of information subject to the PRA that does not display a 
valid Office of Management and Budget (OMB) control number.
    Background documentation for this information collection may be 
viewed at the following Web site, www.reginfo.gov. 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 email to Shagufta_Ahmed@omb.eop.gov and (ii) Thomas Bayer, Director/Chief Information 
Officer, Securities and Exchange Commission, c/o Remi Pavlik-Simon, 
6432 General Green Way, Alexandria, VA 22312 or by sending an email to 
PRA_Mailbox@sec.gov. Comments must be submitted within 30 days of this 
notice.

    Dated: June 25, 2012.
Kevin M. O'Neill,
Deputy Secretary.
[FR Doc. 2012-15941 Filed 6-28-12; 8:45 am]
BILLING CODE 8011-01-P