[Federal Register Volume 65, Number 50 (Tuesday, March 14, 2000)]
[Notices]
[Page 13799]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 00-6202]


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SECURITY AND EXCHANGE COMMISSION

[Extension: Rule 17a-6; SEC File No. 270-433; OMB Control No. 3235-
0489]


Request Under Review by Office of Management and Budget

    Upon Written Request, Copies Available From: Securities and 
Exchange Commission, Office of Filings and Information Services, 
Washington, D.C. 20549.
    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 extension of the previously approved 
collection of information discussed below.
    Rule 17a-6 (17 CFR 240.17a-6) permits national securities 
exchanges, national securities associations, registered clearing 
agencies, and the Municipal Securities Rulemaking Board (collectively, 
``SROs'') to destroy or convert to microfilm or other recording media 
records maintained under Rule 17a-1 (17 CFR 240.17a-1), if they have 
filed with the Commission a plan to destroy or dispose of records and 
the Commission has declared such plan effective.
    There are currently 23 SROs required under Rule 17a-1 to maintain 
certain records and that could receive relief under Rule 17a-6: 8 
national securities exchanges, 1 national securities association, 13 
registered clearing agencies, and the Municipal Securities Rulemaking 
Board. Assuming that one of these respondents might file a plan to 
destroy or dispose of records, or an amendment thereto, in a given 
year, such filing would require approximately 40 hours per respondent 
to complete. Thus, the total compliance burden is 40 hours. At an 
approximate cost per hour of $100, the resulting total related cost of 
compliance for these respondents is $4,000 per year (40 hours x $100/
hour=$4,000).
    Compliance with Rule 17a-6 is required only in order to obtain the 
relief it offers from records retention requirements. If an eligible 
SRO plan to destroy or dispose of records will employ conversion onto 
microfilm or other recording medium, the SRO shall (1) be ready at all 
times to provide, and immediately provide, easily readable projection 
of the microfilm or other recording medium and easily readable hardcopy 
thereof, (2) provide indexes permitting the immediate location of and 
such document on the microfilm or other recording medium, and (3) in 
the case of microfilm, store a duplicate copy of the microfilm 
separately from the original microfilm for the time required (17 CFR 
240.17a-6(b)). Information collected under Rule 17a-6 shall not be kept 
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.
    Written comments regarding the above information should be directed 
to the following persons: (a) 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; and (b) Michael E. Bartell, Associate 
Executive Director, Office of Information Technology, Securities and 
Exchange Commission, 450 Fifth Street, NW., Washington, DC 20549. 
Comments must be submitted to the Office of Management and Budget 
within 30 days of this notice.

    Dated: March 7, 2000.
Jonathan G. Katz,
Secretary.
[FR Doc. 00-6202 Filed 3-13-00; 8:45 am]
BILLING CODE 8010-01-M