[Federal Register Volume 65, Number 45 (Tuesday, March 7, 2000)]
[Notices]
[Pages 12048-12049]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 00-5433]


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SECURITIES AND EXCHANGE COMMISSION


Submission for Office and Management Budget 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-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 
17a-8, SEC File No. 270-53, OMB Control No. 3235-0092; Rule 17Ac2-1 
and Form TA-1, SEC File No. 270-95, OMB Control No. 3235-0084; Rule 
19d-2, SEC File No. 270-204, OMB Control No. 3235-0205.

    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 (``Commmission'') has submitted to the Office of Management 
and Budget requests for extension of the previously approved 
collections of information discussed below.
    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.

[[Page 12049]]

    Rule 15g-5 requires brokers and dealers to disclose to customers 
the amount of compensation to be received by their sales agents in 
connection penny stock transactions. It is estimated that approximately 
270 respondents incur an average of 100 hours annually to comply with 
the rule.
    Rule 17a-8 requires brokers and dealers to make and keep certain 
reports and records concerning their currency and monetary instrument 
transactions. The requirements allow the Commission to ensure that 
brokers and dealers are in compliance with the Currency and Foreign 
Transactions Reporting Act of 1970 (``Bank Secrecy Act'') and with the 
Department of the Treasury regulations under that Act. The reports and 
records required under this rule initially are required under 
Department of the Treasury regulations. Additional burden hours and 
costs are not imposed by this rule.
    Rule 17Ac2-1 requires 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 on 
an annual basis, the Commission will receive approximately 250 
applications for registration on Form TA-1 from transfer agents 
required to register as such with the Commission. Included in this 
figure are amendments made to Form TA-1 as required by Rule 17Ac2-1(c). 
Based upon past submissions, the staff estimates that the average 
number of hours necessary to comply with the requirements of Rule 
17Ac2-1 is one and one-half hours, with a total burden of 375 hours.
    Rule 19d-2 prescribes the form and content of applications to the 
Commission by persons desiring stays of final disciplinary sanctions 
and summary action of self-regulatory organizations (``SRO'') for which 
the Commission is the appropriate regulatory agency. It is estimated 
that approximately 30 respondents will utilize this application 
procedure annually, with a total burden of 90 hours, based upon past 
submissions. The staff estimates that the average number of hours 
necessary to comply with the requirements of Rule 19d-2 is 3 hours.
    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.
    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, 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 OMB within 30 days of this 
notice.

    Dated: February 2, 2000.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 00-5433 Filed 3-6-00; 8:45 am]
BILLING CODE 8010-01-M