[Federal Register Volume 69, Number 189 (Thursday, September 30, 2004)]
[Notices]
[Page 58557]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E4-2414]


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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 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'') has 
submitted to the Office of Management and Budget 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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    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.
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    \2\ 17 CFR 240.6h-1.
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    It is estimated that approximately 17 respondents will incur an 
average burden of 10 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 (17 entities x 10 hours/entity x $197/hour = $33,490).
    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 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: September 22, 2004.
Margaret H. McFarland,
Deputy Secretary.
 [FR Doc. E4-2414 Filed 9-29-04; 8:45 am]
BILLING CODE 8010-01-P