[Federal Register Volume 66, Number 150 (Friday, August 3, 2001)]
[Notices]
[Page 40753]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 01-19431]



[[Page 40753]]

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SECURITIES AND EXCHANGE COMMISSION


Submission for OMB Review; Comment Request

    Upon Written Requests, Copies Available From: Securities and 
Exchange Commission, Office of Filings and Information Services, 
Washington, DC 20549.

Extension: Rule 15a-4, SEC File No. 270-7, OMB Control No. 3235-0010

    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 15a-4 under the Securities Exchange Act of 1934 (the 
``Exchange Act'') permits a natural person member of a securities 
exchange who terminates his or her association with a registered 
broker-dealer to continue to transact business on the exchange while 
the Commission reviews his or her application for registration as a 
broker-dealer if the exchange files a statement indicating that there 
does not appear to be any ground for disapproving the application. The 
total annual burden imposed by Rule 15a-4 is approximately 106 hours, 
based on approximately 25 responses (25 Respondents  x  1 Response/
Respondent), each requiring approximately 4.23 hours to complete. The 
total annual cost burden is $5875, based on approximately 25 responses, 
each costing approximately $235 to complete.
    The Commission uses the information disclosed by applicants in Form 
BD: (1) To determine whether the applicant meets the standards for 
registration set forth in the provisions of the Exchange Act; (2) to 
develop a central information resource where members of the public may 
obtain relevant, up-to-date information about broker-dealers, municipal 
securities dealers and government securities broker-dealers, and where 
the Commission, other regulators and SROs may obtain information for 
investigatory purposes in connection with securities litigation; and 
(3) to develop statistical information about broker-dealers, municipal 
securities dealers and government securities broker-dealers. Without 
the information disclosed in Form BD, the Commission could not 
effectively implement policy objectives of the Exchange Act with 
respect to its investors protection function.
    The statement submitted by the exchange assures the Commission that 
the applicant, in the opinion of the exchange, is qualified to transact 
business on the exchange during the time that the applications are 
reviewed.
    Completing and filing Form BD is mandatory in order for a natural 
person member of a securities exchange who terminates his or her 
association with a registered broker-dealer to obtain the 45-day 
extension under Rule 15a-4. Compliance with Rule 15a-4 does not involve 
the collection of confidential information. Please note that 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 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, NW., Washington, 
D.C. 20549. Comments must be submitted to OMB within 30 days of this 
notice.

    Dated: July 25, 2001.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 01-19431 Filed 8-2-01; 8:45 am]
BILLING CODE 8010-01-M