[Federal Register Volume 69, Number 147 (Monday, August 2, 2004)]
[Notices]
[Pages 46188-46189]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 04-17487]


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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.

Extension: Rule 11Ac1-4; SEC File No. 270-405; OMB Control No. 3235-
0462.

    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 for extension and approval.
    Rule 11Ac1-4 [17 CFR 240.11Ac1-4] under the Securities Exchange Act 
of 1934 requires specialists and market makers to publicly display a 
customer limit order when that limit order is priced superior to the 
quote that is currently being displayed by the specialist or market 
maker. Customer limit orders that match the bid or offer being 
displayed by the specialist or market maker must also be displayed if 
the limit order price matches the national best bid or offer. It is 
estimated that approximately 585 broker and dealer respondents incur an 
aggregate burden of 228,735 hours per year to comply with this rule.
    Rule 11Ac1-4 does not contain record retention requirements. 
Compliance with the rule is mandatory. Responses are not 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 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

[[Page 46189]]

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 5th Street, NW., Washington, DC 20549.

    Dated: July 26, 2004.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 04-17487 Filed 7-30-04; 8:45 am]
BILLING CODE 8010-01-P