[Federal Register Volume 66, Number 114 (Wednesday, June 13, 2001)]
[Notices]
[Pages 31951-31952]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 01-14871]


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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.
    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'') 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 extension and approval.
    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

[[Page 31952]]

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 926 broker and dealer respondents incur an aggregate 
burden of 9,056 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.
    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 estimate 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.
    Direct your written comments to Michael E. Bartell, Associate 
Executive Director, Office of Information Technology, Securities and 
Exchange Commission, 450 5th Street, NW., Washington, DC 20549.

    Dated: June 6, 2001.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 01-14871 Filed 6-12-01; 8:45 am]
BILLING CODE 8010-01-M