Document ID: SEC-2005-0031-0001
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 56748]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr28se05-197]                         

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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 17f-2(d); SEC File No. 270-36; OMB Control No. 3235-0028.

    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 requests for approval of extension on the following rule and 
form: Rule 17f-2(d).
    Rule 17f-2(d) was adopted on March 16, 1976, and was last amended 
on November 18, 1982. Paragraph (d) of the rule (i) requires that 
records produced pursuant to the fingerprinting requirements of Section 
17(f)(2) of the Securities Exchange Act of 1934 (``Exchange Act'') be 
maintained, (ii) permits the designated examining authorities of 
broker-dealers or members of exchanges, under certain circumstances, to 
store and maintain records required to be kept by this rule, and (iii) 
permits the required records to be maintained on microfilm.
    The general purpose of Rule 17f-2 is: (i) To identify security risk 
personnel; (ii) to provide criminal record information so that 
employers can make fully informed employment decisions; and (iii) to 
deter persons with criminal records from seeking employment or 
association with covered entities.
    Retention of fingerprint records, as required under paragraph (d) 
of the Rule enables the Commission or other examining authority to 
ascertain whether all required persons are being fingerprinted and 
whether proper procedures regarding fingerprinting are being followed. 
Retention of these records for the term of employment of all personnel 
plus three years ensures that law enforcement officials will have easy 
access to fingerprint cards on a timely basis. This in turn acts as an 
effective deterrent to employee misconduct.
    Approximately 9,468 respondents are subject to the recordkeeping 
requirements of the rule. Each respondent keeps approximately 32 new 
records per year, which takes approximately 2 minutes per record for 
the respondent to maintain, for an annual burden of 64 minutes per 
respondent. All records subject to the rule must be retained for the 
term of employment plus 3 years. The Commission estimates that the 
total annual cost to submitting entities is approximately $196,850. 
This figure reflects estimated costs of labor and storage of records. 
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.
    Written comments regarding the above information should be directed 
to the following persons: (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 e-mail to: 
David_Rostker@omb.eop.gov; and (ii) R. Corey Booth, Director/Chief 

Information Officer, Office of Information Technology, 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. E5-5252 Filed 9-27-05; 8:45 am]

BILLING CODE 8010-01-P