[Federal Register Volume 69, Number 152 (Monday, August 9, 2004)]
[Notices]
[Page 48261]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 04-18122]


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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 19b-7 and Form 19b-7, SEC File No. 270-495, OMB Control No. 
3235-0553.

    Notice is hereby given that pursuant to the Paperwork Reduction Act 
of 1995,\1\ 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.
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    \1\ 44 U.S.C. 3501 et seq.
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    Rule 19b-7 (Security Futures Product Rule Changes) requires every 
self-regulatory organization that is an exchange registered with the 
Commission pursuant to Section 6(g) \2\ or that is a national 
securities association registered pursuant to Section 15A(k) \3\ to 
file with the Commission, in accordance with such rules as the 
Commission may prescribe, copies of any proposed rule change or any 
proposed change, in addition to, or deletion from the rules of such 
self-regulatory organization (``proposed rule change'') that relates to 
higher margin levels, fraud or manipulation, recordkeeping, reporting, 
listing standards, or decimal pricing for security futures products, 
sales practices for security futures products for persons who effect 
transactions in security futures products, or rules effectuating such 
self-regulatory organization's obligation to enforce the securities 
laws. The proposed rule change must be accompanied by a concise general 
statement of the basis and purpose of such proposed rule change. In 
addition, Rule 19b-7 requires the Commission to, upon the filing of any 
proposed rule change, promptly publish notice of any proposed rule 
filing together with the terms of substance of the proposed rule change 
or a description of the subjects and issues involved. The Commission is 
also required to give interested persons an opportunity to submit data, 
views, and arguments concerning the proposed rule change.
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    \2\ 15 U.S.C. 78f(g).
    \3\ 15 U.S.C. 78o-3(k).
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    The SEC estimates that the total burden for all respondents to the 
Form 19b-7 would be 1860 hours per year (15.5 hours/filing per 
respondent x 8 respondents x 15 filings/year per respondent). The SEC 
estimates that the total cost burden for all respondents would be 
$203,520 per year ($1696/filing x 8 respondents x 15 filings/year per 
respondent).
    Rule 19b-7 does impose a retention period for any recordkeeping 
requirements. As set forth in Rule 17a-1 under the Exchange Act,\4\ a 
national securities exchange or national securities association is 
required to retain records of the collection of information for at 
least five years, the first two years in an easily accessible place. 
However, for purposes of the Commission's recordkeeping requirements, 
Security Futures Product Exchanges and Limited Purpose National 
Securities Associations must retain only those records relating to 
persons, accounts, agreements, contracts, and transactions involving 
security futures products.\5\ Compliance with the rule is mandatory and 
the information collected is made available to the public. 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.
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    \4\ 17 CFR 240.17a-1.
    \5\ 15 U.S.C. 78q(b)(4)(B).
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    Written comments regarding the above information should be directed 
to the following persons: (a) Desk Officer for the Securities and 
Exchange Commission by sending an email to: [email protected], 
and (b) R. Corey Booth, Director/Chief Information Officer, Office of 
Information Technology, Securities and Exchange Commission, 450 Fifth 
Street, NW., Washington, DC 20549. Comments must be submitted to the 
Office of Management and Budget within 30 days of this notice.

    Dated: July 27, 2004.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 04-18122 Filed 8-6-04; 8:45 am]
BILLING CODE 8010-01-U