[Federal Register Volume 75, Number 56 (Wednesday, March 24, 2010)]
[Notices]
[Pages 14216-14217]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2010-6505]


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SECURITIES AND EXCHANGE COMMISSION

[Rule 15c3-1f; SEC File No. 270-440; OMB Control No. 3235-0496]


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.

    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 on the previously 
approved collection of information provided for in the following rule: 
Appendix F to Rule 15c3-1 (``Appendix F'') (17 CFR 240.15c3-1f) under 
the Securities Exchange Act of 1934 (15 U.S.C. 78a et seq.) (``Exchange 
Act'').
    Appendix F requires a broker-dealer choosing to register, upon 
Commission approval, as an OTC derivatives dealer to develop and 
maintain an internal risk management system based on Value-at-Risk 
(``VaR'') models. Appendix F also requires the OTC derivatives dealer 
to notify Commission staff of the system and of certain other periodic 
information including when the VaR model deviates from the actual 
performance of the OTC derivatives dealer's portfolio. It is 
anticipated that a total of five (5) broker-dealers will spend 1,000 
hours per year complying with Rule 15c3-1f. The total burden is 
estimated to be approximately 5,000 hours.
    The records required to be kept pursuant to Appendix F and results 
of periodic reviews conducted pursuant to Rule 15c3-4 generally must be 
preserved under Rule 17a-4 of the Exchange Act (17 CFR 240.17a-4) for a 
period of not less than three years, the first two years in an easily 
accessible place. The Commission will not generally publish or make 
available to any person notices or reports received pursuant to the 
Rule. The statutory basis for the Commission's refusal to disclose such 
information to the public is the exemption contained in Section (b)(4) 
of the Freedom of Information Act, 5 U.S.C. 552, which essentially 
provides that the requirement of public dissemination does not apply to 
commercial or financial information which is privileged or 
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.
    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 by sending 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, Virginia 22312 or send an e-mail to 
[email protected]. Comments must be submitted to OMB within 30 days 
of this notice.


[[Page 14217]]


    Dated: March 17, 2010.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. 2010-6505 Filed 3-23-10; 8:45 am]
BILLING CODE 8011-01-P