[Federal Register Volume 70, Number 149 (Thursday, August 4, 2005)]
[Notices]
[Pages 44954-44955]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E5-4139]


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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-22, SEC File No. 270-202, OMB Control No. 3235-
0196.

    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 17a-22 Supplemental Material of Registered Clearing Agencies

    Rule 17a-22 under the Securities Exchange Act of 1934 (``Exchange 
Act'') \1\ requires all registered clearing agencies to file with the 
Commission three copies of all materials they issue or make generally 
available to their participants or other entities with whom they have a 
significant relationship. The filings with the Commission must be made 
within ten days after the materials are issued, and when the Commission 
is not the appropriate regulatory agency, the clearing agency must file 
one copy of the material with its appropriate regulatory agency. The 
Commission is responsible for overseeing clearing agencies and uses the 
information filed pursuant to Rule 17a-22 to determine whether a 
clearing agency is implementing procedural or policy changes. The 
information filed aids the Commission in determining whether such 
changes are consistent with the purposes of section 17A of the Exchange 
Act. Also, the Commission uses the information to determine whether a 
clearing agency has changed its rules without reporting the actual or 
prospective change to the Commission

[[Page 44955]]

as required under section 19(b) of the Exchange Act.
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    \1\ 15 U.S.C. 78a et seq.
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    The respondents to Rule 17a-22 are registered clearing agencies. 
The frequency of filings made by clearing agencies pursuant to Rule 
17a-22 varies, but on average there are approximately 200 filings per 
year per clearing agency. Because the filings consist of materials that 
have been prepared for widespread distribution, the additional cost to 
the clearing agencies associated with submitting copies to the 
Commission is relatively small. The Commission staff estimates that the 
cost of compliance with Rule 17a-22 to all registered clearing agencies 
is approximately $3,000. This represents one dollar per filing in 
postage, or a total of $2,000. The remaining $1,000 is the estimated 
cost of additional printing, envelopes, and other administrative 
expenses. 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.
    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, Room 10102, New Executive Office 
Building, Washington, DC 20503 or by sending an e-mail to: [email protected]; and (ii) R. Corey Booth, Chief Information 
Officer, Securities and Exchange Commission, 100 F Street, NE., 
Washington, DC 20549. Comments must be submitted to OMB within 30 days 
of this notice.

    Dated: July 25, 2005.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. E5-4139 Filed 8-3-05; 8:45 am]
BILLING CODE 8010-01-P