[Federal Register Volume 67, Number 89 (Wednesday, May 8, 2002)]
[Notices]
[Pages 30983-30984]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 02-11337]


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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 15c3-1 SEC File No. 270-197, OMB Control No. 
3235-0200; Rule 17a-10 SEC File No. 270-154, OMB Control No. 3235-
0122; Rule 17a-19 and Form X-17a-19, SEC File No. 270-148, OMB 
Control No. 3235-0133; Form BDW SEC File No. 270-17, OMB Control No. 
3235-0018.

    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 collections 
of information summarized below. The Commission plans to submit these 
existing collections of information to the Office of Management and 
Budget for extension and approval.
    Rule 15c3-1 (17 CFR 240.15c3-1) under the Securities Exchange Act 
of 1934 (``Exchange Act'') requires a broker or dealer registered with 
the Commission to maintain at all times sufficient liquid assets in 
excess of liabilities to promptly satisfy the claims of customers in 
the event the broker or dealer fails. The rule facilitates monitoring 
the financial condition of brokers and dealers by the Commission and 
the various self-regulatory organizations. There are approximately 
8,000 broker-dealer respondents registered with the Commission who 
incur an aggregate burden of 950 hours per year to comply with this 
rule.
    Rule 17a-10 (17 CFR 240.17a-10) under the Exchange Act requires 
broker-dealers that are exempted from the filing requirements of 
paragraph (a) of Rule 17a-5 (17 CFR section 240.17a-5) to file with the 
Commission an annual statement of income (loss) and balance sheet. It 
is anticipated that approximately 1,100 broker-dealers will spend 12 
hours per year complying with Rule 17a-10. The total burden is 
estimated to be approximately 13,200 hours.
    Rule 17a-19 (17 CFR 240.17a-19) and Form X-17A-19 of the Exchange 
Act requires National Securities Exchanges and Registered National 
Securities Associations to file a Form X-17A-19 with the Commission 
within 5 days of the initiation, suspension or termination of a member 
in order to notify the Commission that a change in designated examining 
authority may be necessary.
    It is anticipated that approximately eight National Securities 
Exchanges and Registered National Securities Associations collectively 
will make 2,600 total annual filings pursuant to Rule 17a-19 and that 
each filing will take approximately 15 minutes. The total burden is 
estimated to be approximately 650 total annual hours.
    Fully registered broker-dealers and notice-registered broker-
dealers use Form BDW (17 CFR 249.501a) to withdraw from registration 
with the Commission, the self-regulatory organizations, and the states. 
It is estimated that approximately 900 fully registered broker-dealers 
annually will incur an average burden of 15 minutes, or 0.25 hours, to 
file for withdrawal on Form BDW via the internet with Web CRD, a 
computer system operated by the National Association of Securities 
Dealers, Inc. that maintains information regarding fully registered 
broker-dealers and their registered personnel. It is further estimated 
that 140 futures commission merchants that are notice-registered 
broker-dealers annually will incur an average burden of 15 minutes, or 
0.25 hours, to file for withdrawal on Form BDW by sending the completed 
Form BDW to the National Futures Association, which maintains 
information regarding notice-registered broker-dealers on behalf of the 
Commission. The annualized compliance burden per year is 260 hours.
    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

[[Page 30984]]

Commission, 450 5th Street, NW., Washington, DC 20549.

    Dated: April 30, 2002.
J. Lynn Taylor,
Assistant Secretary.
[FR Doc. 02-11337 Filed 5-7-02; 8:45 am]
BILLING CODE 8010-01-U