

[Federal Register: June 1, 2006 (Volume 71, Number 105)]
[Notices]               
[Page 31228]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr01jn06-109]                         

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SECURITIES AND EXCHANGE COMMISSION

 
Proposed Collection; Comment Request

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

Extension: Rule 17f-1(c) and Form X-17F-1A; SEC File No. 270-29; OMB 
Control No. 3235-0037.

    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 summarized below. The Commission plans to submit this 
existing collection of information to the Office of Management and 
Budget for extension and approval.

Rule 17f-1(c) and Form X-17F-1A--Reporting of Missing, Lost, Stolen, or 
Counterfeit Securities

    Rule 17f-1(c) (17 CFR 240.17f-1(c)) under the Securities Exchange 
Act of 1934 (15 U.S.C. 78a et seq.) (the ``Act'') requires 
approximately 26,000 entities in the securities industry to report 
lost, stolen, missing, or counterfeit securities to a central database. 
Form X-17F-1A (17 CFR 249.100) facilitates the accurate reporting and 
precise and immediate data entry into the central database. Reporting 
to the central database fulfills a statutory requirement that reporting 
institutions report and inquire about missing, lost, counterfeit, or 
stolen securities. Reporting to the central database also allows 
reporting institutions to gain access to the database that stores 
information for the Lost and Stolen Securities Program.
    We estimate that 26,000 reporting institutions will report that 
securities are either missing, lost, counterfeit, or stolen annually 
and that each reporting institution will submit this report 50 times 
each year. The staff estimates that the average amount of time 
necessary to comply with Rule 17f-1(c) and Form X-17F-1A is five 
minutes. The total burden is 10,333 hours annually for respondents. 
(26,000 times 50 times 5 divided by 60.)
    Written comments are invited on: (a) Whether the proposed 
collection of information is necessary for the proper performance of 
the functions of the agency, including whether the information shall 
have practical utility; (b) the accuracy of the agency's estimate 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.
    Comments should be directed to (i) the 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: David_Rostker@omb.eop.gov; and (ii) R. Corey Booth, Director/Chief 
Information Officer, Securities and Exchange Commission, c/o Shirley 
Martinson, 6432 General Green Way, Alexandria, Virginia 22312 or send 
an e-mail to: PRA_Mailbox@sec.gov. Comments must be submitted to OMB 
within 60 days of this notice.

    Dated: May 24, 2006.
Jill M. Peterson,
Assistant Secretary.
 [FR Doc. E6-8492 Filed 5-31-06; 8:45 am]

BILLING CODE 8010-01-P
