[Federal Register Volume 73, Number 180 (Tuesday, September 16, 2008)]
[Notices]
[Pages 53456-53457]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E8-21531]
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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
20549-0213
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'') has submitted to the Office of Management
and Budget a request for approval of extension of Rule 17f-2(c).
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. The Commission has approved such plans
for several exchanges and for the Financial Industry Regulatory
Authority, Inc. (``FINRA'').
It is estimated that 5,984 respondents submit approximately 368,000
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 92,000 hours,
or approximately 15 hours per respondent, annually. In addition, the
exchanges and FINRA charge an estimated $30 fee for processing
fingerprint cards, resulting in a total annual cost to all 5,984
respondents of $11,040,000, or $1,845 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 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.
Submission of fingerprint plans under Rule 17f-2(c) is mandatory
for self-regulatory organizations. An agency
[[Page 53457]]
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: [email protected]; and (ii) Lewis W. Walker, Acting Director/Chief
Information Officer, Securities and Exchange Commission, c/o Shirley
Martinson, 6432 General Green Way, Alexandria, Virginia 22312; or by
sending an e-mail to: [email protected]. Comments must be submitted
to OMB within 30 days of this notice.
Dated: September 8, 2008.
Florence E. Harmon,
Acting Secretary.
[FR Doc. E8-21531 Filed 9-15-08; 8:45 am]
BILLING CODE 8010-01-P