[Federal Register Volume 63, Number 3 (Tuesday, January 6, 1998)]
[Notices]
[Pages 582-583]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-233]


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SECURITIES AND EXCHANGE COMMISSION


Proposed Collection; Comment Request

    Upon Written Request, Copies Available From: Securities and 
Exchange Commission Office of Filings and Information Services 
Washington, DC 20549.

Rule 11Aa3-2
OMB Control No. 3235-new
SEC File No. 270-439

    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 collection of 
information summarized below. The Commission plans to submit this 
existing collection of information to the Office of Management and 
Budget for approval.

 Rule 11Aa3-2 Filing and Amendment of National Market System 
Plans

    Rule 11Aa3-2 provides that self-regulatory organizations (``SROs'') 
may, acting jointly, file a national market system plan or may propose 
an amendment to an effective national market system plan by submitting 
the text of the plan or amendment to the Secretary of the Commission, 
together with a statement of the purpose of such plan or amendment and, 
to the extent applicable, the documents and information required by 
Rule 11Aa3-2(b)(4) and (5). These record keeping requirements assist 
the Commission with monitoring SROs, national market system plans, and 
ensuring compliance with the rule.
    There are nine SROs which are members of the Intermarket Trading 
System (``ITS''), the Consolidated Tape Association (``CTA''), the 
Consolidated Quote System (``CQS''), the Nasdaq Stock Market, Inc., 
(``Nasdaq''), or the Options Price Reporting Association (``OPRA''). 
Only ITS, CTA, CQS, Nasdaq, or OPRA submit filings pursuant to Rule 
11Aa3-2 and only after an agreement is reached among member SROs. The 
staff estimates that there will be approximately six filings pursuant 
to Rule 11Aa3-2 each year. The staff also estimates that the average 
number of hours necessary for compliance with the Rule 11Aa3-2 is 33 
annually. The total burden is approximately 200 hours annually, based 
upon past submissions. The average cost per hour is approximately $50. 
Therefore, the total cost of compliance for SROs is $10,000.
    Written comments are invited on: (a) Whether the proposed 
collection of information is necessary for the proper performance of 
the functions of the agency, including whether the information shall 
have practical utility; (b) the accuracy of the agency'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.
    Please direct your written comments to Michael E. Bartell, 
Associate Executive Director, Office of Information Technology, 
Securities and Exchange Commission, 450 5th Street, N.W., Washington, 
DC 20549.


[[Page 583]]


    Dated: December 7, 1997.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 98-233 Filed 1-5-98; 8:45 am]
BILLING CODE 8010-01-M