[Federal Register Volume 69, Number 167 (Monday, August 30, 2004)]
[Notices]
[Page 52949]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E4-1969]


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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 15Ba2-1 and Form MSD;SEC File No. 270-0088; OMB Control No. 
3235-0083

    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 extension of the previously approved 
collection of information discussed below.
    Rule 15Ba2-1 under the Securities Exchange Act of 1934 (``Exchange 
Act'') provides that an application for registration with the 
Commission by a bank municipal securities dealer must be filed on Form 
MSD. The Commission uses the information contained in Form MSD to 
determine whether bank municipal securities dealers meet the standards 
for registration set forth in the Exchange Act, to develop a central 
registry where members of the public may obtain information about 
particular bank municipal securities dealers, and to develop 
statistical information about bank municipal securities dealers.
    Based upon past submissions, the staff estimates that approximately 
32 respondents will utilize this application procedure annually, with a 
total burden of 48 hours. The staff estimates that the average number 
of hours necessary to comply with the requirements of Rule 15Ba2-1 is 
1.5 hours. The average cost per hour is approximately $67. Therefore, 
the total cost of compliance for the respondents is approximately 
$3,216.
    Rule 15Ba2-1 does not contain an explicit recordkeeping 
requirement, but the rule does require the prompt correction of any 
information on Form MSD that becomes inaccurate, meaning that bank 
municipal securities dealers need to maintain a current copy of Form 
MSD indefinitely.
    Providing the information on the application is mandatory in order 
to register with the Commission as a bank municipal securities dealer. 
The information contained in the application will not be kept 
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.
    General comments regarding the estimated burden hours 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, by sending an e-mail to: [email protected]; and (ii) 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 OMB within 30 days of this notice.

    August 23, 2004.
Margaret H. McFarland,
Deputy Secretary.
 [FR Doc. E4-1969 Filed 8-27-04; 8:45 am]
BILLING CODE 8010-01-P