[Federal Register Volume 63, Number 183 (Tuesday, September 22, 1998)]
[Notices]
[Page 50610]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-25228]


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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 11Ac1-4, SEC File No. 270-405, OMB Control No. 3235-0462

    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 11Ac1-4 [17 C.F.R. 240.11Ac1-4] under the Securities Exchange 
Act of 1934 requires specialists and market makers to publicly display 
a customer limit order when that limit order is priced superior to the 
quote that is currently being displayed by the specialist or market 
maker. Customer limit orders that match the bid or offer being 
displayed by the specialist or market maker must also be displayed if 
the limit order price matches the national best bid or offer. It is 
estimated that approximately 580 specialist and market maker 
respondents incur an average burden of 5684 hours per year to comply 
with this rule.
    Rule 11Ac1-4 does not contain record retention requirements. 
Compliance with the rule is mandatory. Responses are not confidential. 
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 10202, New Executive Office 
Building, Washington, D.C. 20503; and (ii) Michael E. Bartell, 
Associate Executive Director, Office of Information Technology, 
Securities and Exchange Commission, 450 Fifth Street, N.W., Washington, 
D.C. 20549. Comments must be submitted to the Office of Management and 
Budget within 30 days of this notice.

    Dated: September 15, 1998.
Jonathan G. Katz,
Secretary.
[FR Doc. 98-25228 Filed 9-21-98; 8:45 am]
BILLING CODE 8010-01-M