

[Federal Register: April 20, 2007 (Volume 72, Number 76)]
[Notices]               
[Page 19985]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr20ap07-120]                         

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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 17a-12; SEC File No. 270-442; OMB Control No. 3235-0498.

    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.

 Rule17a-12, Reports To Be Made by Certain OTC Derivatives 
Dealers

    Rule17a-12 (17 CFR 240.17a-12) under the Securities Exchange Act of 
1934 (15 U.S.C. 78a et seq.) requires OTC derivatives dealers to file 
quarterly Financial and Operational Combined Uniform Single Reports 
(``FOCUS'' reports) on Part IIB of Form X-17A-5,\1\ the basic document 
for reporting the financial and operational condition of OTC 
derivatives dealers. Rule 17a-12 also requires that OTC derivatives 
dealers file audited financial statements annually. The reports 
required under Rule 17a-12 provide the Commission with information used 
to monitor the operations of OTC derivatives dealers and to enforce 
their compliance with the Commission's rules. These reports also enable 
the Commission to review the business activities of OTC derivatives 
dealers and to anticipate, where possible, how these dealers may be 
affected by significant economic events.
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    \1\ Form X-17A-5 (17 CFR 249.617).
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    The staff estimates that that the average amount of time necessary 
to prepare and file the information required by Rule 17a-12 is 180 
hours per OTC derivatives dealer annually: an average of twenty hours 
preparing each of four quarterly reports and an additional 100 hours 
for the annual audit. Five entities are presently registered as OTC 
derivatives dealers and the staff does not expect that any additional 
OTC derivatives dealers will become registered within the next three 
years. Thus the total burden is estimated to be 900 hours annually (180 
times 5 equals 900).
    General comments regarding the estimated burden hours should be 
directed to the following persons: (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 send 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 send an e-mail to: 
PRA_Mailbox@sec.gov. Comments must be submitted to OMB within 30 days 

of this notice.

    Dated: April 16, 2007.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. E7-7490 Filed 4-19-07; 8:45 am]

BILLING CODE 8010-01-P
