[Federal Register Volume 76, Number 180 (Friday, September 16, 2011)]
[Notices]
[Pages 57771-57772]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2011-23726]


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SECURITIES AND EXCHANGE COMMISSION

[SEC File No. 270-36; OMB Control No. 3235-0028]


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 17f-2(d).

    Notice is hereby given that pursuant to the Paperwork Reduction Act 
of 1995 (44 U.S.C. 3501 et seq.), the Securities

[[Page 57772]]

and Exchange Commission (``Commission'') is soliciting comments on the 
existing collection of information provided for in Rule 17f-2(d) under 
the Securities Exchange Act of 1934 (15 U.S.C. 78a et seq.) (``Act''). 
The Commission plans to submit this existing collection of information 
to the Office of Management and Budget for extension and approval.
    Rule 17f-2(d) requires that records produced pursuant to the 
fingerprinting requirements of Section 17(f)(2) of the Act be 
maintained; permits the designated examining authorities of broker-
dealers or members of exchanges, under certain circumstances, to store 
and maintain records required to be kept by this rule; and permits the 
required records to be maintained on microfilm. The general purpose for 
Rule 17f-2 is to: (i) Identify security risk personnel; (ii) provide 
criminal record information so that employers can make fully informed 
employment decisions; and (iii) deter persons with criminal records 
from seeking employment or association with covered entities. The rule 
enables the Commission or other examining authority to ascertain 
whether all required persons are being fingerprinted and whether proper 
procedures regarding fingerprint are being followed. Retention of these 
records for the term of employment of all personnel plus three years 
ensures that law enforcement officials will have easy access to 
fingerprint cards on a timely basis. This in turn acts as an effective 
deterrent to employee misconduct.
    Approximately 5,300 respondents are subject to the recordkeeping 
requirements of the rule. Each respondent keeps approximately 60 new 
records per year, which takes approximately 2 minutes per record for 
the respondent to maintain, for an annual burden of approximately 2 
hours (60 records times 2 minutes) per respondent or a total annual 
burden of approximately 10,300 hours (5,300 respondents times 2 hours) 
for all respondents. All records subject to the rule must be retained 
for the term of employment plus 3 years. In addition, we estimate the 
total cost to respondents is approximately $119,000. ($53,000 in 
estimate third party storage costs plus $66,000 in capital and start up 
costs).
    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.

    Dated: September 12, 2011.
Elizabeth M. Murphy,
Secretary.
[FR Doc. 2011-23726 Filed 9-15-11; 8:45 am]
BILLING CODE 8011-01-P