[Federal Register Volume 65, Number 153 (Tuesday, August 8, 2000)]
[Notices]
[Page 48541]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 00-19989]


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SECURITIES AND EXCHANGE COMMISSION

[SEC File No. 270-34; OMB Control No. 3235-0034]


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.
    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 17f-2(a) Fingerprinting Requirements for Securities 
Professionals

    Rule 17f-2(a) requires that securities professionals be 
fingerprinted. This requirement serves to identify security risk 
personnel, to allow an employer to make fully informed employment 
decisions, and to deter possible wrongdoers from seeking employment in 
the securities industry. Partners, directors, officers, and employees 
of exchanges, broker, dealers, transfer agents, and clearing agencies 
are included.
    It is estimated that approximately 10,000 respondents will submit 
fingerprint cards. It is also estimated that each respondent will 
submit 55 fingerprint cards. The staff estimates that the average 
number of hours necessary to comply with the Rule 17f-2(a) is one-half 
hour. The total burden is 275,000 hours for respondents, based upon 
past submissions. The average cost per hour is approximately $50. 
Therefore, the total cost of compliance for respondents is $13,750,000.
    Fingerprint cards submitted under Rule 17f-2(a) must be retained 
for a period of not less than three years after termination of the 
person's employment relationship with the organization. Submitting 
fingerprint cards for all securities personnel is mandatory to obtain 
the benefit of identifying security risk personnel, allowing an 
employer to make fully informed employment decisions and deterring 
possible wrongdoers from seeking employment in the securities industry. 
Fingerprint cards submitted according to Rule 17f-2(a) will 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:

 (1) 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
(ii) 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 OMB on or before September 7, 2000.

    August 2, 2000.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 00-19989 Filed 8-7-00; 8:45 am]
BILLING CODE 8010-01-M