[Federal Register Volume 69, Number 57 (Wednesday, March 24, 2004)]
[Notices]
[Pages 13914-13915]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 04-6509]


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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.

[[Page 13915]]

Extension: Rule 19d-1; SEC File No. 270-242; OMB Control No. 3235-
0206.

    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 collection of 
information summarized below. The Commission plans to submit this 
existing collection of information to the Office of Management and 
Budget (``OMB'') for extension and approval.
    Rule 19d-1 (``Rule'') under the Securities Exchange Act of 1934 
(the ``Exchange Act''), prescribes the form and content of notices to 
be filed with the Commission by self-regulatory organizations 
(``SROs'') for which the Commission is the appropriate regulatory 
agency concerning the following final SRO actions: (1) Disciplinary 
sanctions (including summary suspensions); (2) denials of membership, 
participation or association with a member; and (3) prohibitions or 
limitations on access to SRO services.
    The Rule enables the Commission to obtain reports from the SROs 
containing information regarding SRO determinations to discipline 
members or associated persons of members, deny membership or 
participation or association with a member, and similar adjudicated 
findings. The Rule requires that such actions be promptly reported to 
the Commission. The Rule also requires that the reports and notices 
supply sufficient information regarding the background, factual basis 
and issues involved in the proceeding to enable the Commission (1) to 
determine whether the matter should be called up for review on the 
Commission's own motion and (2) to ascertain generally whether the SRO 
has adequately carried out its responsibilities under the Exchange Act.
    It is estimated that 10 respondents will utilize this application 
procedure annually, with a total burden of 1,175 hours, based upon past 
submissions. This figure is based on 10 respondents, spending 
approximately 117.5 hours each. Each respondent submitted approximately 
235 responses. The staff estimates that the average number of hours 
necessary to comply with the requirements of Rule 19d-1 for each 
submission is 0.5 hours. The average cost per hour, per each submission 
is approximately $101. Therefore, the total cost of compliance for all 
the respondents is $118,675. (10 respondents x 235 responses per 
respondent x .5 hrs per response x $101 per hour).
    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 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.
    Please direct your written comments to R. Corey Booth, Director/
CIO, Office of Information Technology, Securities and Exchange 
Commission, 450 5th Street, NW., Washington, DC 20549.

    Dated: March 16, 2004.
J. Lynn Taylor,
Assistant Secretary.
[FR Doc. 04-6509 Filed 3-23-04; 8:45 am]
BILLING CODE 8010-01-P