[Federal Register Volume 62, Number 62 (Tuesday, April 1, 1997)]
[Notices]
[Page 15548]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-8222]


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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 15g-3, SEC File No. 270-346, OMB Control No. 3235-0392
    Rule 15g-4, SEC File No. 270-347, OMB Control No. 3235-0393
    Rule 15g-5, SEC File No. 270-348, OMB Control No. 3235-0394
    Rule 15g-6, SEC File No. 270-349, OMB Control No. 3235-0395
    Rule 15g-7(a), SEC File No. 270-350, OMB Control No. 3235-0396
    Rule 17Ac2-1 and Form TA-1, SEC File No. 270-95, OMB Control No. 
3235-0084

    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 requests for approval of extension on previously approved 
collections of information:
    Rule 15g-3 requires that brokers and dealers disclose to customers 
current quotation prices or similar market information in connection 
with transactions in certain low-priced, over-the-counter securities. 
It is estimated that approximately 270 respondents incur an average 
burden of 100 hours annually to comply with the rule.
    Rule 15g-4 requires brokers and dealers effecting transactions in 
penny stocks for or with customers to disclose the amount of 
compensation received by the broker-dealer in connection with the 
transaction. It is estimated that approximately 270 respondents incur 
an average of 100 hours annually to comply with the rule.
    Rule 15g-5 requires brokers and dealers to disclose to customers 
the amount of compensation to be received by their sales agents in 
connection with penny stock transactions. It is estimated that 
approximately 270 respondents incur an average burden of 100 hours 
annually to comply with the rule.
    Rule 15g-6 requires brokers and dealers that sell penny stocks to 
their customers to provide monthly account statements containing 
information with regard to the penny stocks held in customer accounts. 
It is estimated that approximately 270 respondents incur an average 
burden of 90 hours annually to comply with the rule.
    Rule 15g-7(a) would require brokers and dealers that effect 
transactions in penny stocks and are the only market makers with 
respect to such securities to disclose this fact in connection with 
such transactions. It is estimated that approximately 270 respondents 
would incur an average burden of 50 hours annually to comply with the 
rule.
    Rule 17Ac2-1 and Form TA-1 is used by transfer agents to register 
with the Commission, the Comptroller of the Currency, the Board of 
Governors of the Federal Reserve System, or the Federal Deposit 
Insurance Corporation, and to amend their registration.
    It is estimated that approximately 359 respondents will incur an 
average burden of 538.5 hours annually to comply with the rule and 
form.
    General comments regarding the estimated burden hours should be 
directed to the Desk Officer for the Securities and Exchange Commission 
at the address below. Any comments concerning the accuracy of the 
estimated average burden hours for compliance with Commission rules and 
forms should be directed to Michael E. Bartell, Associate Executive 
Director, Office of Information Technology, Securities and Exchange 
Commission, 450 Fifth Street, NW., Washington, DC 20549 and Desk 
Officer for the Securities and Exchange Commission, Office of 
Information and Regulatory Affairs, Office of Management and Budget, 
Room 3208, New Executive Office Building, Washington, DC 20503.

    Dated: March 24, 1997.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 97-8222 Filed 3-31-97; 8:45 am]
BILLING CODE 8010-01-M