Document ID: SEC-2006-0425-0001
Agency: sec
Document Type: Notice
Title: Agency information collection activities; proposals, submissions, and approvals
Posted Date: 2006-03-30T05:00Z

[Federal Register: March 30, 2006 (Volume 71, Number 61)]
[Notices]               
[Page 16183]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr30mr06-99]                         

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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 15c2-7; SEC File No. 270-420; OMB Control No. 3235-
0479.

    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 (``OMB'') a request for extension of the previously approved 
collection of information discussed below.
     Rule 15c2-7, Identification of Quotations
    Rule 15c2-7 under the Securities Exchange Act of 1934 (17 CFR 
240.15c2-7) enumerates the requirements with which brokers and dealers 
must comply when submitting a quotation for a security (other than a 
municipal security) to an inter-dealer quotation system.
    It is estimated that there are 8,500 brokers and dealers. Industry 
personnel estimate that approximately 900 notices are filed pursuant to 
Rule 15c2-7 annually. Based on industry estimates that respondents 
complying with Rule 15c2-7 spend 30 seconds to add notice of an 
arrangement and 1 minute to delete notice of an arrangement, the staff 
estimates that, on an annual basis, respondents spend a total of 11.25 
hours to comply with Rule 15c2-7, based upon past submissions. The 
average cost per hour is approximately $35. Therefore, the total cost 
of compliance for brokers and dealers is approximately $393.75
    The retention period for the recordkeeping requirement under Rule 
15c2-7 is three years following the date a quotation is submitted. The 
recordkeeping requirement under this Rule is mandatory to assist the 
Commission with monitoring brokers and dealers who submit quotations to 
an inter-dealer quotation system. This rule does not involve the 
collection of confidential information. Please note that 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 by sending an e-mail to 
David_Rostker@omb.eop.gov; and (ii) R. Corey Booth, Director/Chief 

Information Officer, C/O Shirley Martinson, 6432 General Green Way, 
Alexandria, Virginia 22312 or send an e-mail to: PRA_Mailbox@sec.gov. 
Comments must be submitted to OMB within 30 days of this notice.

    Dated: March 23, 2006.
Nancy M. Morris,
Secretary.
[FR Doc. E6-4625 Filed 3-29-06; 8:45 am]

BILLING CODE 8010-01-P