[Federal Register Volume 69, Number 182 (Tuesday, September 21, 2004)]
[Notices]
[Page 56465]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E4-2260]


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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 17a-7, SEC File No. 270-147, OMB Control No. 3235-
0131.

    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 17a-7 [17 CFR. 240.17a-7] under the Securities Exchange Act of 
1934 requires non-resident brokers or dealers registered or applying 
for registration pursuant to Section 15 of the Exchange Act to 
maintain--in the United States--complete and current copies of books 
and records required to be maintained under any rule adopted under the 
Securities Exchange Act of 1934. Alternatively, Rule 17a-7 provides 
that the non-resident broker or dealer may sign a written undertaking 
to furnish the requisite books and records to the Commission upon 
demand.
    There are approximately 65 non-resident brokers and dealers. Based 
on the Commission's experience in this area, it is estimated that the 
average amount of time necessary to preserve the books and records 
required by Rule 17a-7 is one hour per year. Accordingly, the total 
burden is 65 hours per year. With an average cost per hour of 
approximately $55.00, the total cost of compliance for the respondents 
is $3,575 per year.
    There are no individual record retention periods in Rule 17a-7. 
Compliance with the rule is mandatory. However, non-resident brokers 
and dealers may opt to provide the records upon request of the 
Commission rather than store it in the United States. 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 regarding the above information should be directed 
to the following persons: (a) Desk Officer for the Securities and 
Exchange Commission by sending an e-mail 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: September 13, 2004.
Margaret H. McFarland,
Deputy Secretary.
 [FR Doc. E4-2260 Filed 9-20-04; 8:45 am]
BILLING CODE 8010-01-P