

[Federal Register: May 8, 2007 (Volume 72, Number 88)]
[Notices]               
[Page 26186]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr08my07-112]                         


[[Page 26186]]

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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 19h-1, SEC File No. 270-247, OMB Control No. 3235-0259.

    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'') intends to submit to the Office of Management and 
Budget a request for extension of the previously approved collection of 
information discussed below.
     Rule 19h-1 (17 CFR 240.19h-1): SRO notification of 
admission and/or continuance despite statutory disqualification.
    Rule 19h-1 (``Rule'') under the Securities Exchange Act of 1934 (17 
U.S.C. 78a et seq.) prescribes the form and content of notices and 
applications by self-regulatory organizations (``SROs'') regarding 
proposed admissions to, or continuances in, membership, participation 
or association with a member of any person subject to a statutory 
disqualification.
    The Commission uses the information provided in the submissions 
filed pursuant to Rule 19h-1 to review decisions by SROs to permit the 
entry into or continuance in the securities business of persons who 
have committed serious misconduct. The filings submitted pursuant to 
the Rule also permit inclusion of an application to the Commission for 
consent to associate with a member of an SRO notwithstanding a 
Commission order barring such association.
    The Commission reviews filings made pursuant to the Rule to 
ascertain whether it is in the public interest to permit the employment 
in the securities business of persons subject to statutory 
disqualification. The filings contain information that is essential to 
the staff's review and ultimate determination on whether an association 
or employment is in the public interest and consistent with investor 
protection.
    It is estimated that approximately 5 respondents will make 
submissions pursuant to this rule annually and that they each will make 
5 responses, for a total burden of 200 hours, based upon past 
submissions (25 x 8 = 200). The staff estimates that the average number 
of hours necessary to complete a submission pursuant to Rule 19h-1 is 8 
hours. The average cost per hour for completion of a submission is 
approximately $101. Therefore, the total cost of compliance for the 
respondents is $20,200. (25 responses x 8 hours per response x $101 per 
hour).
    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 estimates 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.
    Direct your written comments to 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 
60 days of this notice.

    Dated: April 30, 2007.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. E7-8737 Filed 5-7-07; 8:45 am]

BILLING CODE 8010-01-P
