[Federal Register Volume 76, Number 115 (Wednesday, June 15, 2011)]
[Notices]
[Page 35055]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2011-14782]


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SECURITIES AND EXCHANGE COMMISSION


Proposed Collection; 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:
    Rule 17f-2(e); OMB Control No. 3235-0031; SEC File No. 270-37.

    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'') is soliciting comments on the collection of 
information provided for in the following rule: Rule 17f-2(e) (17 CFR 
240.17f-2(e)) under the Securities Exchange Act of 1934 (15 U.S.C. 78a 
et seq.). The Commission plans to submit this existing collection of 
information to the Office of Management and Budget for extension and 
approval.
    Rule 17f-2(e) requires members of national securities exchanges, 
brokers, dealers, registered transfer agents, and registered clearing 
agencies claiming exemption from the fingerprinting requirements of 
Rule 17f-2 to prepare and maintain a statement supporting their claim 
exemption. There is no filing requirement. Instead, Rule 17f-2(e)(2) 
requires covered entities to make and keep current a copy of the notice 
required by Rule 17f-2(e) in an easily accessible place at the 
organization's principal office and at the office employing the persons 
for whom exemptions are claimed and shall be made available upon 
request for inspection by the Commission, appropriate regulatory agency 
(if not the Commission) or other designated examining authority. 
Notices prepared pursuant to Rule 17f-2(e) must be maintained for as 
long as the covered entity claims an exemption from the fingerprinting 
requirements of Rule 17f-2. The recordkeeping requirement under Rule 
17f-2(e) assists the Commission and other regulatory agencies with 
ensuring compliance with Rule 17f-2.
    We estimate that approximately 75 respondents will incur an average 
burden of 30 minutes per year to comply with this rule, which 
represents the time it takes for a staff person at a covered entity to 
properly document a claimed exemption from the fingerprinting 
requirements of Rule 17f-2, and properly retain that document according 
to the entities record retention policies and procedures. The total 
annual burden for all covered entities is approximately 38 hours (75 
entities times .5 hours, rounded up).
    Written comments are invited on: (a) Whether the proposed 
collection of information is necessary for the proper performance of 
the functions of the Commission, including whether the information 
shall have practical utility; (b) the accuracy of the Commission's 
estimates of the burden of the proposed collection of information; (c) 
ways to enhance the quality, utility, and clarity of the information to 
be collected; and (d) ways to minimize the burden of the collection of 
information on respondents, including through the use of automated 
collection techniques or other forms of information technology. 
Consideration will be given to comments and suggestions submitted in 
writing within 60 days of this publication.
    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.
    Please direct your written comments to: 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].

    Dated: June 9, 2011.
Cathy H. Ahn,
Deputy Secretary.
[FR Doc. 2011-14782 Filed 6-14-11; 8:45 am]
BILLING CODE 8011-01-P