[Federal Register Volume 67, Number 177 (Thursday, September 12, 2002)]
[Notices]
[Page 57858]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 02-23238]


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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 17f-2(d), SEC File No. 270-36, OMB Control No. 3235-0028

    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 approval of extension on the following 
previously approved information collection.
    Rule 17f-2(d) under the Securities Exchange Act of 1934 (``Exchange 
Act'') was adopted on March 16, 1976, and was last amended on November 
18, 1982. Paragraph (d) of the rule (i) requires that records produced 
pursuant to the fingerprinting requirements of Section 17(f)(2) of the 
Exchange Act be maintained, (ii) permits the designating examining 
authorities of broker-dealers or members of exchanges, under certain 
circumstances, to store and to maintain records required to be kept by 
this rule, and (iii) permits the required records to be maintained on 
microfilm.
    The general purposes for Rule 17f-2 are: (i) To identify security 
risk personnel; (ii) to provide criminal record information so that 
employers can make fully informed employment decisions; and (iii) to 
deter persons with criminal records from seeking employment or 
association with covered entities.
    Retention of fingerprint records, as required under paragraph (d) 
of the Rule, enables the Commission or other examining authority to 
ascertain whether all required persons are being fingerprinted and 
whether proper procedures regarding fingerprinting are being followed. 
Retention of these records for the term of employment of all personnel 
plus three years ensures that law enforcement officials will have easy 
access to fingerprint cards on a timely basis. This in turn acts as an 
effective deterrent to employee misconduct.
    Approximately 9,468 respondents are subject to the recordkeeping 
requirements of the rule. Each respondent keeps approximately 32 new 
records per year, which takes approximately 2 minutes per record for 
the respondent to maintain, for an annual burden of 64 minutes per 
respondent. All records subject to the rule must be retained for the 
term of employment plus 3 years. The Commission estimates that the 
total annual cost to submitting entities is approximately $196,850. 
This figure reflects estimated costs of labor and storage of records.
    Written 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, 725 17th St., NW., 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 OMB within 30 days of this notice.

    Dated: September 6, 2002.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 02-23238 Filed 9-11-02; 8:45 am]
BILLING CODE 8010-01-P