[Federal Register Volume 76, Number 103 (Friday, May 27, 2011)]
[Notices]
[Pages 30983-30984]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2011-13113]


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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.

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 previously 
approved collection of information provided for in Rule 17a-22 (17 
C.F.R. 240.17a-22) under the Securities Exchange Act of 1934 (15 U.S.C. 
78a et seq.).
    Rule 17a-22 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 aides 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.
    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. There are four active registered 
clearing agencies. 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 makes copies, and 
mail that document to the Commission. Thus, the total annual burden for 
all active clearing agencies is 200 hours (4 clearing agencies 
multiplied by 200 filings per clearing agency multiplied by .25 hours) 
and a total of 50 hours (800 responses multiplied by .25 hours, divided 
by 4 active clearing agencies) per year are expended by each respondent 
to comply with the rule.
    The Commission may not conduct or sponsor a collection of 
information unless it displays a currently valid control number. No 
person shall be subject to any penalty for failing to comply with a 
collection of information subject to the PRA that does not display a 
valid Office of Management and Budget (OMB) control number.
    Background documentation for this information collection may be 
viewed at the following link, http://www.reginfo.gov. 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) Thomas Bayer, Director/Chief Information 
Officer, Securities and Exchange Commission, c/o Remi Pavlik-Simon, 
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.


[[Page 30984]]


    Dated: May 22, 2011.
Cathy H. Ahn,
Deputy Secretary.
[FR Doc. 2011-13113 Filed 5-26-11; 8:45 am]
BILLING CODE 8011-01-P