[Federal Register Volume 74, Number 127 (Monday, July 6, 2009)]
[Notices]
[Page 32013]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E9-15777]


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SECURITIES AND EXCHANGE COMMISSION


Submission for OMB Review; Comment Request

Upon Written Request, Copies Available From: U.S. Securities and 
Exchange Commission, Office of Investor Education and Advocacy, 
Washington, DC 20549-0213.

Extension:
Interagency Statement on Sound Practices Concerning Elevated Risk 
Complex Structured Finance Activities. OMB Control No. 3235-0622, 
SEC File No. 270-560.

    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 approval of extension of the existing 
collection of information provided for in the Interagency Statement on 
Sound Practices Concerning Elevated Risk Complex Structured Finance 
Activities (``Statement'') under the Securities Exchange Act of 1934 
(15 U.S.C. 78a et seq.) (``Exchange Act'') and the Investment Advisers 
Act of 1940 (15 U.S.C. 80b et seq.) (``Advisers Act'').
    The Statement was issued by the Commission, together with the 
Office of the Comptroller of the Currency, the Board of Governors of 
the Federal Reserve System, the Federal Deposit Insurance Corporation, 
and the Office of Thrift Supervision (together, the ``Agencies''), in 
May 2006. The Statement describes the types of internal controls and 
risk management procedures that the Agencies believe are particularly 
effective in assisting financial institutions to identify and address 
the reputational, legal, and other risks associated with elevated risk 
complex structured finance transactions.
    The primary purpose of the Statement is to ensure that these 
transactions receive enhanced scrutiny by the institution and to ensure 
that the institution does not participate in illegal or inappropriate 
transactions.
    The Commission estimates that approximately 5 registered broker-
dealers or investment advisers will spend an average of approximately 
25 hours per year complying with the Statement. Thus, the total 
compliance burden is estimated to be approximately 125 burden-hours per 
year.
    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) Charles Boucher, 
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: June 29, 2009.
Elizabeth M. Murphy,
Secretary.
[FR Doc. E9-15777 Filed 7-2-09; 8:45 am]
BILLING CODE 8010-01-P