Document ID: SEC-2010-0654-0001
Agency: sec
Document Type: Notice
Title: Agency Information Collection Activities; Proposals, Submissions, and Approvals
Posted Date: 2010-05-03T04:00Z

[Federal Register: May 3, 2010 (Volume 75, Number 84)]
[Notices]               
[Page 23311]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr03my10-95]                         

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SECURITIES AND EXCHANGE COMMISSION

[Rule 19d-1; SEC File No. 270-242; OMB Control No. 3235-0206]

 
Proposed Collection; Comment Request

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

    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 existing collection of 
information provided for in Rule 19d-1 (17 CFR 240.19d-1)--Notices by 
Self-Regulatory Organizations of Final Disciplinary Actions, Denials 
Bars, or Limitations Respecting Membership, Association, or Access to 
Services, and Summary Suspensions. The Commission plans to submit this 
existing collection of information to the Office of Management and 
Budget for extension and approval.
    Rule 19d-1 (``Rule'') under the Securities Exchange Act of 1934 (17 
U.S.C. 78a et seq.) prescribes the form and content of notices to be 
filed with the Commission by self-regulatory organizations (``SROs'') 
for which the Commission is the appropriate regulatory agency 
concerning the following final SRO actions: (1) Disciplinary sanctions 
(including summary suspensions); (2) denials of membership, 
participation or association with a member; and (3) prohibitions or 
limitations on access to SRO services.
    The Rule enables the Commission to obtain reports from the SROs 
containing information regarding SRO determinations to discipline 
members or associated persons of members, deny membership or 
participation or association with a member, and similar adjudicated 
findings. The Rule requires that such actions be promptly reported to 
the Commission. The Rule also requires that the reports and notices 
supply sufficient information regarding the background, factual basis 
and issues involved in the proceeding to enable the Commission: (1) To 
determine whether the matter should be called up for review on the 
Commission's own motion; and (2) to ascertain generally whether the SRO 
has adequately carried out its responsibilities under the Exchange Act.
    It is estimated that 10 respondents will utilize this application 
procedure annually, with a total burden of 1,175 hours, based upon past 
submissions. This figure is based on 10 respondents, spending 
approximately 117.5 hours each per year. Each respondent submitted 
approximately 235 responses. The staff estimates that the average 
number of hours necessary to comply with the requirements of Rule 19d-1 
for each submission is 0.5 hours. The average cost per hour, per each 
submission is approximately $101. Therefore, the total cost of 
compliance for all the respondents is $118,675. (10 respondents x 235 
responses per respondent x .5 hrs per response x $101 per hour).
    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.
    Direct your written comments to Charles Boucher, Director/Chief 
Information Officer, Securities and Exchange Commission, c/o Shirley 
Martinson, 6432 General Green Way, Alexandria, VA 22312 or send an e-
mail to: PRA_Mailbox@sec.gov.

    Dated: April 26, 2010.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. 2010-10215 Filed 4-30-10; 8:45 am]
BILLING CODE 8010-01-P