[Federal Register Volume 69, Number 81 (Tuesday, April 27, 2004)]
[Notices]
[Page 22892]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 04-9487]



[[Page 22892]]

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SECURITIES AND EXCHANGE COMMISSION


Submission for MOB Review; Comment Request

Upon Written Request, Copies Available From: Securities and Exchange 
Commission, Office of Filings and Information Services, Washington, DC 
20549.

Extension:
    Rule 15c3-1f;--SEC File No. 270-440;--OMB Control No. 3235-0496.

    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 rule.
    Appendix F requires a broker-dealer choosing to register, upon 
Commission approval, as an OTC derivative dealer to develop and 
maintain an internal risk management system based on Value-at-Risk 
(``VAR'') models. Appendix F also requires the OTC derivatives dealer 
to notify Commission staff of the system and of certain other periodic 
information including when the VAR model deviates from the actual 
performance of the OTC derivatives dealer's portfolio. It is 
anticipated that approximately six (6) broker-dealers will spend 1,000 
hours per year complying with Rule 15c3-1f. The total burden is 
estimated to be approximately 6,000 hours.
    The records are required to be kept pursuant to Appendix F and 
results of periodic reviews conducted pursuant to Rule 15c3-4 generally 
must be preserved under Rule 17a-4 of the Exchange Act (17 CFR 240.17a-
4) for a period of not less than three years, the first two years in an 
accessible place. The Commission will not generally publish or make 
available to any person notice or reports received pursuant to the 
Rule. The statutory basis for the Commission's refusal to disclose such 
information to the public is the exemption contained in Section (b)(4) 
of the Freedom of Information Act, 5 U.S.C. 552, which essentially 
provides that the requirement of public dissemination does not apply to 
commercial or financial information which is privileged or 
confidential.
    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.
    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, Room 10102, New Executive Office 
Building, Washington, DC 20503 or via e-mail at: [email protected]; and (ii) R. Corey Booth, Director/CIO, 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: April 20, 2004.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 04-9487 Filed 4-26-04; 8:45 am]
BILLING CODE 8010-01-P