[Federal Register Volume 73, Number 143 (Thursday, July 24, 2008)]
[Notices]
[Page 43270]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E8-16931]


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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 Advocacy, Washington, DC 
20549-0213.

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 approval of extension of the existing 
collection of information provided for in the following rule: Rule 17a-
22 (17 CFR 240.17a-22).
    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, such as pledges, transfer agents, or self-
regulatory organizations. Such materials include manuals, notices, 
circulars, bulletins, lists, and periodicals. The filings with the 
Commission must be made within ten days after the materials are issued 
or made generally available. When the Commission is not the clearing 
agency's 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 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 active clearing agency. The Commission staff estimates that 
each response requires approximately .25 hour (fifteen minutes), which 
represents the time it takes for a staff person at the clearing agency 
to properly identify a document subject to the rule, print and make 
copies, and mail that document to the Commission. Thus, the total 
annual burden for all active clearing agencies is 300 hours (1,200 
multiplied by .25 hour) and a total of 50 hours (1,200 responses 
multiplied by .25 hour, divided by 6 active clearing agencies) per year 
are expended by each respondent to comply with the rule.
    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.
    Comments should be directed to (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 e-mail to: [email protected]; and (ii) Lewis W. Walker, Acting 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 within 30 
days of this notice.

    Dated: July 17, 2008.
Florence E. Harmon,
Acting Secretary.
 [FR Doc. E8-16931 Filed 7-23-08; 8:45 am]
BILLING CODE 8010-01-P