[Federal Register: October 8, 1998 (Volume 63, Number 195)]
[Notices]               
[Page 54164-54165]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr08oc98-119]

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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 Filings and Information Service, Washington, DC 
20549
Extension: Rule 17a-3, SEC File No. 270-26, OMB Control No. 3235-0033

    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 extension of the previously approved 
collection of information discussed below.
    Rule 17a-3 [17 CFR 40.17a-3] under the Securities Exchange At of 
1934 requires records to be made by certain exchange members, brokers, 
and dealers, to be used in monitoring compliance with the Commission's 
financial responsibility program and antifraud and antimanipulative 
rules as well as other rules and regulations of the Commission and the 
self-regulatory organizations. It is estimated that approximately 7,786 
active broker-dealer respondents registered with the Commission incur 
an average burden of 1,938,714 hours per year to comply with this rule.
    Rule 17a-3 does not contain record retention requirements. 
Compliance with the rule is mandatory. The required records are 
available only to the examination staff of the Commission and the self-
regulatory organization of which the broker-dealer is a member. 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.
    General comments regarding the estimated burden hours should be

[[Page 54165]]

directed to the following person: (i) Desk Officer for the Securities 
and Exchange Commission, Office of Information and Regulatory Affairs, 
Office of Management and Budget, Room 10202, New Executive Office 
Building, Washington, D.C. 20503; and (ii) Michael E. Bartell, 
Associate Executive Director, Office of Information Technology, 
Securities and Exchange Commission, 450 Fifth Street, N.W., Washington, 
D.C. 20549. Comments must be submitted to the Office of Management and 
Budget within 30 days of this notice.

    Dated: October 1, 1998.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 98-26996 Filed 10-7-98; 8:45 am]
BILLING CODE 8010-01-M