Document ID: SEC-2008-0307-0001
Agency: sec
Document Type: Notice
Title: Agency Information Collection Activities; Proposals, Submissions, and Approvals
Posted Date: 2008-02-27T05:00Z

[Federal Register: February 27, 2008 (Volume 73, Number 39)]
[Notices]               
[Page 10502]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr27fe08-89]                         

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SECURITIES AND EXCHANGE COMMISSION

 
Proposed Collection; Comment Request

Upon Written Request, Copies Available From: US Securities and Exchange 
Commission, Office of Investor Education and Advocacy, Washington, DC 
20549-0213.

Extension:
    Rule 17f-2(e); OMB Control No. 3235-0031; SEC File No. 270-37.

    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 collection of 
information summarized below. The Commission plans to submit this 
existing collection of information to the Office of Management and 
Budget for extension and approval.
     Rule 17f-2(e) (17 CFR 240.17f-2(e))--Registration of 
Fiduciaries
    On November 18, 1982, effective November 22, 1982 (see 47 FR 54060, 
December 1, 1982), the Commission adopted Rule 17f-2(e) under the 
Securities Exchange Act of 1934 (15 U.S.C. 78a, et seq.) to require 
members of national securities exchanges, brokers, dealers, registered 
transfer agents, registered clearing agencies that claim exemption from 
the fingerprinting requirements of Rule 17f-2 to prepare and maintain a 
statement entitled ``Notice Pursuant to Rule 17f-2,'' supporting their 
claimed exemptions. This requirement assists the Commission and other 
regulatory agencies in ensuring compliance with Rule 17f-2. Notices 
prepared pursuant to Rule 17f-2(e) must be maintained for as long as 
the covered entity claims an exemption from the fingerprinting 
requirements of Rule 17f-2. The statement is necessary to ensure that 
the Commission and the public have adequate information about the 
entity claiming the exemption.
    There are approximately 75 respondents per year that requires an 
aggregate total of 38 hours to comply with this rule. Each respondent 
makes an estimated 1 annual response. Each response takes approximately 
30 minutes to complete. Thus, the total compliance burden per year is 
approximately 38 burden hours. The approximate cost per hour is $20, 
resulting in a total cost of compliance for the respondent of 
approximately $760 (i.e., 38 hours x $20).
    Written comments are invited on: (a) Whether the proposed 
collection of information is necessary for the proper performance of 
the functions of the Commission, including whether the information 
shall have practical utility; (b) the accuracy of the Commission's 
estimates 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.
    Comments should be directed 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: February 19, 2008.
Florence E. Harmon,
Deputy Secretary.
 [FR Doc. E8-3667 Filed 2-26-08; 8:45 am]

BILLING CODE 8011-01-P