[Federal Register Volume 66, Number 162 (Tuesday, August 21, 2001)]
[Notices]
[Pages 43923-43924]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 01-20974]


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SECURITIES AND EXCHANGE COMMISSION


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.

Extension

Rule 17a-5(c); SEC File No. 270-199; OMB Control No. 3235-0199
Rule 17a-7; SEC File No. 270-147; OMB Control No. 3235-0131

    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 (``OMB'') a request for extension of the previously approved 
collections of information discussed below.
    Rule 17a-5(c) under the Securities Exchange Act of 1934 (``Act'') 
requires certain broker-dealers who carry customer accounts to provide 
statements of financial condition to their customers. It is estimated 
that approximately 659 broker and dealer respondents with approximately 
97,600,000 customer accounts incur an average burden of 542,222 hours 
per year to comply with this rule.
    Rule 17a-5(c) does not contain record retention requirements. 
Compliance with the rule is mandatory. Responses are not confidential.
    Rule 17a-7 requires non-resident brokers or dealers registered or 
applying for registration pursuant to Section 15 of the Act to 
maintain--in the United States--complete and current copies of books 
and records required to be maintained under any rule adopted under the 
Act. Alternatively, Rule 17a-7 provides that the non-resident broker or 
dealers may sign a written undertaking to furnish the requisite books 
and records to the Commission upon demand.
    There are approximately 72 non-resident brokers and dealers. Based 
on the Commission's experience in this area, it is estimated that the 
average amount of time necessary to preserve the books and records as 
required by Rule 17a-7 is one hour per year. Accordingly, the total 
burden is 72 hours per year.
    There are no individual record retention periods in Rule 17a-7. 
Compliance with the rule is mandatory. However, non-resident brokers 
and dealers may opt to provide the records upon request of the 
Commission rather than store it in the United States.

[[Page 43924]]

    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 estimated burden hours 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, 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 the Office of Management and Budget 
within 30 days of this notice.

    August 10, 2001.
Jonathan G. Katz,
Secretary.
[FR Doc. 01-20974 Filed 8-20-01; 8:45 am]
BILLING CODE 8010-01-M