[Federal Register Volume 69, Number 140 (Thursday, July 22, 2004)]
[Notices]
[Page 43867]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 04-16744]


=======================================================================
-----------------------------------------------------------------------

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.

Extension:
    Rule 6h-1--SEC File No. 270-497--OMB Control No. 3235-0555.

    Notice is hereby given that pursuant to the Paperwork Reduction Act 
of 1995,\1\ 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 for extension and approval.
---------------------------------------------------------------------------

    \1\ 44 U.S.C. 3501 et seq.
---------------------------------------------------------------------------

    The Securities Exchange Act of 1934 (``Act'') requires national 
securities exchanges and national securities associations that trade 
security futures products to establish listing standards that, among 
other things, require: (1) Trading in such products not be readily 
susceptible to price manipulation; and (2) the market trading a 
security futures product has in place procedures to coordinate trading 
halts with the listing market for the security or securities underlying 
the security futures product. Rule 6h-1 under the Act \2\ implements 
these statutory requirements and requires national securities exchanges 
and national securities associations that trade security futures 
products to: (1) Require cash-settled security futures products to 
settle based on an opening price rather than a closing price; and (2) 
require the exchange or association to halt trading in a security 
futures product for as long as trading in the underlying security, or 
trading in 30% of the underlying securities, is halted on the listing 
market.
---------------------------------------------------------------------------

    \2\ 17 CFR 240.6h-1.
---------------------------------------------------------------------------

    It is estimated that approximately seventeen respondents will incur 
an average burden of ten hours per year to comply with this rule, for a 
total burden of 170 hours. At an average cost per hour of approximately 
$197, the resultant total cost of compliance for the respondents is 
$33,490 per year (seventeen entities x ten hours/entity x $197/hour = 
$33,490).
    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 to be 
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.
    Direct your written comments to R. Corey Booth, Director/Chief 
Information Officer, Office of Information Technology, Securities and 
Exchange Commission, 450 Fifth Street, NW., Washington, DC 20549.

    Dated: July 15, 2004.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 04-16744 Filed 7-21-04; 8:45 am]
BILLING CODE 8010-01-P