[Federal Register: September 15, 1999 (Volume 64, Number 178)]
[Notices]               
[Page 50120-50121]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr15se99-123]                         

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SECURITIES AND EXCHANGE COMMISSION

 
Requests Under Review by Office of Management and Budget

Upon Written Request, Copies Available From: Securities and Exchange 
Commission, Office of Filings and Information Services, Washington, DC 
20549

Extension:
    Rule 10a-1, SEC File No. 270-413, OMB Control No. 3235-0475

    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 an extension of a collection of 
information on the following rule: 17 CFR 240.10a-1.
    Rule 10a-1 (17 CFR 240.10a-1) under the Securities Exchange Act of 
1934 (Exchange Act) is designed to limit short selling of a security in 
a declining market, by requiring, in effect, that each successive lower 
price be established by a long seller. The price at which short sales 
may be effected is established by reference to the last sale price 
reported in the consolidated system or on a particular marketplace. 
Rule 10a-1 requires each broker or dealer that effects any sell order 
for a security registered on or admitted to unlisted trading privileges 
on, a national securities exchange to mark the relevant order ticket 
either ``long'' or ``short.''
    There are approximately 1,500 brokers and dealers registered with 
the national securities exchanges. The Commission has considered each 
of

[[Page 50121]]

these responses for the purposes of calculating the reopening burden 
under Rule 10a-1. Each of these approximately 1,500 registered broker-
dealers effects sell orders for securities registered on, or admitted 
to unlisted trading privileges, on a national securities exchange. In 
addition, each respondent makes an estimated 60,933 annual responses, 
for an aggregate total of 91,400,000 responses per year. Each response 
takes approximately .000139 hours (.5 seconds) to complete. Thus, the 
total compliance burden per year is 12,705 burden hours.
    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.
    Written comments regarding the above information should be directed 
to the following persons: (i) Deck 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, 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 OMB within 30 days of this 
notice.

    Dated: September 8, 1999.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 99-23990 Filed 9-14-99; 8:45 am]
BILLING CODE 8010-01-M