[Federal Register Volume 72, Number 155 (Monday, August 13, 2007)]
[Notices]
[Page 45280]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E7-15735]


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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 Investor Education and Assistance, Washington, DC 
20549-0213.

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 (17 CFR 240.15Ba2-1) under the Securities Exchange Act 
of 1934 (15 U.S.C. 78a et seq.) 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, 
Room 10102, New Executive Office Building, Washington, DC 20503 or send 
an email to: [email protected] and (ii) R. Corey Booth, 
Director/Chief Information Officer, Securities and Exchange Commission, 
C/O Shirley Martinson, 6432 General Green Way, Alexandria, VA 22312 or 
send an e-mail to: [email protected]. Comments must be submitted to 
OMB within 30 days of this notice.

    Dated: July 30, 2007.
Nancy M. Morris,
Secretary.
 [FR Doc. E7-15735 Filed 8-10-07; 8:45 am]
BILLING CODE 8010-01-P