Document ID: SEC-2005-0033-0001
Agency: sec
Document Type: Notice
Title: Agency information collection activities; proposals, submissions, and approvals
Posted Date: 2005-09-28T04:00Z

[Federal Register: September 28, 2005 (Volume 70, Number 187)]
[Notices]               
[Page 56746-56747]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr28se05-194]                         

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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 Filings and Information Services, Washington, DC 
20549.

Extension:
    Rule 17Ab2-1; SEC File No. 270-203; OMB Control No. 3235-0195.

Form CA-1; SEC File No. 270-203; OMB Control No. 3235-0195.

    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 approval of extension of the following 
previously approved collection of information as discussed below.

Rule 17Ab2-1 and Form CA-1: Registration of Clearing Agencies

    Rule 17Ab2-1 and Form CA-1 require clearing agencies to register 
with the Commission and to meet certain requirements with regard to, 
among other things, a clearing agency's organization, capacities, and 
rules. The information is collected from the clearing agency upon the 
initial application for registration on Form CA-1. Thereafter, 
information is collected by amendment to the initial Form CA-1 when 
material changes in circumstances necessitate modification of the 
information previously provided to the Commission.
    The Commission uses the information disclosed on Form CA-1 to (i) 
determine whether an applicant meets the standards for registration set 
forth in Section 17A of the Securities Exchange Act of 1934 (``Exchange 
Act''), (ii) enforce compliance with the Exchange Act's registration 
requirement, and (iii) provide information about specific registered 
clearing agencies for compliance and investigatory purposes. Without 
Rule 17Ab2-1, the Commission could not perform these duties as 
statutorily required.
    There are currently approximately ten registered clearing agencies 
and five clearing agencies that have been granted an exemption from 
registration. The Commission staff estimates that each initial Form CA-
1 requires approximately 130 hours to complete and submit for approval. 
Hours required for amendments to Form CA-1 that must be submitted to 
the Commission in connection with material changes to the initial CA-1 
can vary, depending upon the nature and extent of the amendment. Since 
the Commission only receives an average of one submission per year, the 
aggregate annual burden associated with compliance with Rule 17Ab2-1 
and Form CA-1 is 130 hours. Based upon the staff's experience, the 
average cost to clearing agencies of preparing and filing the initial 
Form CA-1 is estimated to be $18,000. There is no recordkeeping 
requirement for Rule 17Ab2-1 or Form CA-1. The rule and form do 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.
    General comments regarding the estimated burden hours should be 
directed to: (i) Desk Officer for the

[[Page 56747]]

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: David_Rostker@omb.eop.gov; and (ii) R. Corey Booth, Director/Chief 
Information Officer, Securities and Exchange Commission, 100 F Street, 
NE., Washington, DC 20549. Comments must be submitted to OMB within 30 
days of this notice.

    Dated: September 20, 2005.
Jonathan G. Katz,
Secretary.
 [FR Doc. E5-5249 Filed 9-27-05; 8:45 am]

BILLING CODE 8010-01-P