

[Federal Register: December 4, 2006 (Volume 71, Number 232)]
[Notices]               
[Page 70444]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr04de06-93]                         

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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 Services, Washington, DC 
20549.

Extension: Rule 17f-2(a), SEC File No. 270-34, OMB Control No. 3235-
0034.

    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 extension of the previously approved 
collection of information discussed below.
    Rule 17f-2 (17 CFR 240.17f-2) under the Securities Exchange Act of 
1934 (17 U.S.C. 78a et seq.) requires that securities professionals be 
fingerprinted. This requirement serves to identify security risk 
personnel, to allow an employer to make fully informed employment 
decisions, and to deter possible wrongdoers from seeking employment in 
the securities industry. Partners, directors, officers, and employees 
of exchanges, broker, dealers, transfer agents, and clearing agencies 
are included. It is estimated that approximately 10,000 respondents 
will submit fingerprint cards. It is also estimated that each 
respondent will submit 55 fingerprint cards. The staff estimates that 
the average number of hours necessary to comply with the Rule 17f-2(a) 
is one-half hour. The total burden is 275,000 hours for respondents. 
The average cost per hour is approximately $50. Therefore, the total 
cost of compliance for respondents is $13,750,000.
    Fingerprint cards submitted under Rule 17f-2(a) must be retained 
for a period of not less than three years after termination of the 
person's employment relationship with the organization. Submitting 
fingerprint cards for all securities personnel is mandatory to obtain 
the benefit of identifying security risk personnel, allowing an 
employer to make fully informed employment decisions and deterring 
possible wrongdoers from seeking employment in the securities industry. 
Fingerprint cards submitted according to Rule 17f-2(a) will not be kept 
confidential.
    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 
directed to the following persons: (i) David Rostker, 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, VA, 22312; or by sending 
an e-mail to: PRA_Mailbox@sec.gov. Comments must be submitted to OMB 
within 30 days of this notice.

    Dated: November 20, 2006.
Nancy M. Morris,
Secretary.
[FR Doc. E6-20430 Filed 12-1-06; 8:45 am]

BILLING CODE 8011-01-P
