[Federal Register Volume 69, Number 110 (Tuesday, June 8, 2004)]
[Notices]
[Pages 32081-32082]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 04-12899]


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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 19h-1, SEC File No. 270-0247; OMB Control No. 3235-0259

    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'') a request for extension of the previously approved 
collection of information discussed below.
    Rule 19h-1 under the Securities Exchange Act of 1934 (the 
``Exchange Act'') prescribes the form and content of notices and 
applications by self-regulatory organizations (``SROs'') regarding 
proposed admissions to, or continuances in, membership, participation 
or association with a member of any person subject to a statutory 
disqualification.
    The Commission uses the information provided in the submissions 
filed pursuant to Rule 19h-1 to review decisions of SROs to permit the 
entry into or continuance in the securities business of persons who 
have committed serious misconduct. The filings submitted pursuant to 
the Rule also permit inclusion of an application to the Commission for 
consent to associate with a member of an SRO notwithstanding a 
Commission order barring such association.
    The Commission reviews filings made pursuant to the Rule to 
ascertain whether it is in the public interest to permit the employment 
in the securities business of persons subject to statutory 
disqualification. The filings contain information that is essential to 
the staff's review and ultimate determination on whether an association 
or employment is in the public interest and consistent with investor 
protection.
    It is estimated that approximately 5 respondents will make 
submissions pursuant to this Rule annually, with a total burden of 200 
hours for all respondents, to complete all

[[Page 32082]]

submissions. The staff estimates that the average number of hours 
necessary to comply with the requirements of Rule 19h-1 is 8 hours per 
submission. The average cost per hour is approximately $101, for 
completion of each submission. Therefore, the total cost of compliance 
for all respondents is $20,200. (25 responses x 8 hours per response x 
$101 per hour).
    A respondent is not required to retain the Rule 19h-1 submission 
for any specified period of time. The filing of notices is mandatory 
but does not involve the collection of confidential information. Please 
note that 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 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 send an e-mail to: [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: June 1, 2004.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 04-12899 Filed 6-7-04; 8:45 am]
BILLING CODE 8010-01-P