Document ID: SEC-2011-0879-0001
Agency: sec
Document Type: Notice
Title: Agency Information Collection Activities; Proposals, Submissions, and Approvals
Posted Date: 2011-06-23T04:00Z

[Federal Register Volume 76, Number 121 (Thursday, June 23, 2011)]
[Notices]
[Pages 36939-36940]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2011-15665]

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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 Investor Education and Advocacy, Washington, DC 
20549.

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 for the 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. Plans have been approved for the 
American, Boston, Chicago, New York, Pacific, and Philadelphia stock 
exchanges and for the Financial Industry Regulatory Authority 
(``FINRA'') and the Chicago Board Options Exchange. Currently, FINRA 
accounts for the bulk of the fingerprint submissions.
    It is estimated that 4,939 respondents submit approximately 288,000 
sets of fingerprints (consisting of 133,000 electronic fingerprints and 
155,000 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 72,000 
hours, or approximately 15 hours per respondent, annually. In addition, 
the exchanges and FINRA charge an estimated $30.25 fee for processing 
fingerprint cards, resulting in a total annual cost to all 4,939 
respondents of $8,712,000, or $1,764 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

[[Page 36940]]

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.
    The Commission may not conduct or sponsor a collection of 
information unless it displays a currently valid control number. No 
person shall be subject to any penalty for failing to comply with a 
collection of information subject to PRA that does not display a valid 
Office of Management and Budget (OMB) number.
    Please direct your written comments to Thomas Bayer, Director/Chief 
Information Officer, Securities and Exchange Commission, c/o Remi 
Pavlik-Simon, 6432 General Green Way, Alexandria, Virginia 22312; or 
send an e-mail to: PRA_Mailbox@sec.gov.

    Dated: June 17, 2011.
Cathy H. Ahn,
Deputy Secretary.
[FR Doc. 2011-15665 Filed 6-22-11; 8:45 am]
BILLING CODE 8011-01-P