Document ID: SEC-2008-0963-0001
Agency: sec
Document Type: Notice
Title: Agency Information Collection Activities; Proposals, Submissions, and Approvals
Posted Date: 2008-07-14T04:00Z

[Federal Register: July 14, 2008 (Volume 73, Number 135)]
[Notices]               
[Page 40399]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr14jy08-128]                         

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SECURITIES AND EXCHANGE COMMISSION

 
Proposed Collection; Comment Request

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

Extension:
    Rule 17f-2(c); SEC File No. 270-35; OMB Control No. 3235-0029.

    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(c) (17 CFR 240.17f-2(c)).
    Rule 17f-2(c) allows persons required to be fingerprinted pursuant 
to Section 17(f)(2) of the Securities Exchange Act of 1934 to submit 
their fingerprints through a registered securities exchange or a 
national securities association in accordance with a plan submitted to 
and approved by the Commission. The Commission has approved such plans 
for several exchanges and for the Financial Industry Regulatory 
Authority, Inc. (``FINRA'').
    It is estimated that 5,984 respondents submit approximately 368,000 
fingerprint cards to exchanges or a national securities association on 
an annual basis. The Commission estimates that it would take 
approximately 15 minutes to create and submit each fingerprint card. 
The total reporting burden is therefore estimated to be 92,000 hours, 
or approximately 15 hours per respondent, annually. In addition, the 
exchanges and FINRA charge an estimated $30 fee for processing 
fingerprint cards, resulting in a total annual cost to all 5,984 
respondents of $11,040,000, or $1,845 per respondent per year.
    Because the Federal Bureau of Investigation will not accept 
fingerprint cards directly from submitting organizations, Commission 
approval of plans from certain exchanges and national securities 
associations is essential to the Congressional goal of fingerprint 
personnel in the security industry. The filing of these plans for 
review assures users and their personnel that fingerprint cards will be 
handled responsibly and with due care for confidentiality.
    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 will 
have practical utility; (b) the accuracy of the agency's estimate of 
the burden of the collection of information; (c) ways to enhance the 
quality, utility, and clarity of the information 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.
    Please direct your written comments to Lewis W. Walker, Acting 
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.

    Dated: July 7, 2008.
Florence E. Harmon,
Acting Secretary.
[FR Doc. E8-15904 Filed 7-11-08; 8:45 am]

BILLING CODE 8010-01-P