Document ID: SEC-2006-1211-0001
Agency: sec
Document Type: Notice
Title: Agency information collection activities; proposals, submissions, and approvals
Posted Date: 2006-09-20T04:00Z

[Federal Register: September 20, 2006 (Volume 71, Number 182)]
[Notices]               
[Page 55036]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr20se06-90]                         

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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 11Ac1-1; SEC File No. 270-404; OMB Control No. 3235-0461.

    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'') intends to submit to the Office of 
Management and Budget (``OMB'') a request for extension of the 
previously approved collection of information discussed below.
    Rule 11Ac1-1 (17 CFR 240.11Ac1-1), Dissemination of Quotations, 
contains two related collections of information necessary to 
disseminate market makers' published quotations to buy and sell 
securities to the public. The first collection of information is found 
in Rule 11Ac1-1(c) (17 CFR 240.11Ac1-1(c)). This reporting requirement 
obligates each ``responsible broker or dealer,'' as defined under the 
rule, to communicate to its exchange or association its best bids, best 
offers, and quotation sizes for any subject security, as defined under 
the rule. The second collection of information is found in Rule 11Ac1-
1(b), (17 CFR 240.11Ac1-1(b)). This reporting requirement obligates 
each exchange and association to make available to quotation vendors 
for dissemination to the public the best bid, best offer, and aggregate 
quotation size for each subject security.\1\ Brokers, dealers, other 
market participants, and members of the public rely on published 
quotation information to determine the best price and market for 
execution of customer orders.
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    \1\ A third requirement under the Rule 11Ac1-1, as amended at 17 
CFR 11Ac1-1(c)(5), gives electronic communications networks 
(``ECNs'') the option of reporting to an exchange or association for 
public dissemination, on behalf of their OTC market maker or 
exchange specialist customers, the best priced orders and the full 
size for such orders entered by market makers, to satisfy such 
market makers' reporting obligation under Rule 11Ac1-1(c). Because 
this reporting requirement is an alternative method of meeting the 
market makers' reporting obligation, and because it is directed to 
nine or fewer persons (ECNs), this collection of information is not 
subject to OMB review under the Paperwork Reduction Act.
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    It is anticipated that 721 respondents, consisting of 180 exchange 
specialists and 541 OTC market makers, will make 246,788,000 total 
annual responses pursuant to Rule 11Ac1-1, resulting in an annual 
aggregate burden of approximately 205,486 hours.
    Written comments are invited on: (a) Whether the proposed 
collections of information are necessary for the proper performance of 
the functions of the agency, including whether the information will 
have practical utility; (b) the accuracy of the agency's estimate of 
the burden of the proposed collections 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 collections of 
information on those who are to respond, 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.
    Please direct your written comments to R. Corey Booth, Director/
Chief Information Officer, Securities and Exchange Commission, C/O 
Shirley Martinson, 6432 General Green Way, Alexandria, Virginia 22312 
or send an e-mail to: PRA_Mailbox@sec.gov. Comments must be submitted 
within 60 days of this notice.

    Dated: September 7, 2006.
Nancy M. Morris,
Secretary.
[FR Doc. E6-15585 Filed 9-19-06; 8:45 am]

BILLING CODE 8010-01-P