Document ID: SEC-2007-0631-0002
Agency: sec
Document Type: Notice
Title: Agency information collection activities; proposals, submissions, and approvals
Posted Date: 2007-07-09T04:00Z

[Federal Register: July 9, 2007 (Volume 72, Number 130)]
[Notices]               
[Page 37278]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr09jy07-119]                         

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

    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 a 
request for extension of the previously approved collection of 
information discussed below.
     Rule 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
    Rule 19d-1(17 CFR 240.19d-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 1175 hours, based upon past 
submissions. This figure is based on 10 respondents, spending 
approximately 117.5 hours each. 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).
    The filing of notices pursuant to the Rule is mandatory for the 
SROs, but does not involve the collection of confidential information. 
Rule 19d-1 does not have a retention of records requirement.
    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.
    General comments regarding the estimated burden hours 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 send an e-mail to: 
David_Rostker@omb.eop.gov and (ii) R. Corey Booth, Director/Chief Information 

Officer, Securities and Exchange Commission, C/O Shirley Martinson, 
6432 General Green Way, Alexandria, VA 22312 or send an email to: 
PRA_Mailbox@sec.gov. Comments must be submitted to OMB within 30 days of 

this notice.

    Dated: July 2, 2007.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. E7-13178 Filed 7-6-07; 8:45 am]

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