[Federal Register Volume 67, Number 137 (Wednesday, July 17, 2002)]
[Notices]
[Pages 47005-47006]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 02-17974]


-----------------------------------------------------------------------

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 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'') has submitted to the Office of Management 
and Budget (``OMB'') requests for extension of the previously approved 
information collections under the Securities Exchange Act of 1934 
discussed below.
    Rule 15c3-1 (17 C.F.R. 240.15c3-1) 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) 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 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.
    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 for both fully registered and 
notice-registered broker-dealers is 260 hours
    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) Nathan Knuffman, 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.


[[Page 47006]]


    Dated: July 9, 2002.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 02-17974 Filed 7-16-02; 8:45 am]
BILLING CODE 8010-01-P