

[Federal Register: August 29, 2007 (Volume 72, Number 167)]
[Notices]               
[Page 49746-49747]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr29au07-98]                         

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SECURITIES AND EXCHANGE COMMISSION

 
Proposed Collection; Comment Request

Upon Written Request, Copies Available From: Securities and Exchange 
Commission, Office of Investor Education and Advocacy, Washington, DC 
20549-0213.

Extension: Rule 15Ba2-5; OMB Control No. 3235-0088; SEC File No. 
270-91.

    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.

[[Page 49747]]

Rule 15Ba2-5 (17 CFR 240.15Ba2-5)--Registration of Fiduciaries

    On July 7, 1975, effective July 16, 1975 (see 41 FR 28948, July 14, 
1975), the Commission adopted Rule 15Ba2-5 under the Securities 
Exchange Act of 1934 (15 U.S.C. 78a et seq.) to permit a duly-appointed 
fiduciary to assume immediate responsibility for the operation of a 
municipal securities dealer's business. Without the rule, the fiduciary 
would not be able to assume operation until it registered as a 
municipal securities dealer. Under the rule, the registration of a 
municipal securities dealer is deemed to be the registration of any 
executor, administrator, guardian, conservator, assignee for the 
benefit of creditors, receiver, trustee in insolvency or bankruptcy, or 
other fiduciary, appointed or qualified by order, judgment, or decree 
of a court of competent jurisdiction to continue the business of such 
municipal securities dealer, provided that such fiduciary files with 
the Commission, within 30 days after entering upon the performance of 
his duties, a statement setting forth as to such fiduciary 
substantially the same information required by Form MSD or Form BD. The 
statement is necessary to ensure that the Commission and the public 
have adequate information about the fiduciary.
    There is approximately 1 respondent per year that requires an 
aggregate total of 4 hours to comply with this rule. This respondent 
makes an estimated 1 annual response. Each response takes approximately 
4 hours to complete. Thus, the total compliance burden per year is 4 
burden hours. The approximate cost per hour is $20, resulting in a 
total cost of compliance for the respondent of approximately $80 (i.e., 
4 hours x $20).
    Written comments are invited on: (a) Whether the proposed 
collection of information is necessary for the proper performance of 
the functions of the Commission, including whether the information 
shall have practical utility; (b) the accuracy of the Commission'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.
    Comments should be directed to: 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 within 
60 days of this notice.

    Dated: August 22, 2007.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. E7-17078 Filed 8-28-07; 8:45 am]

BILLING CODE 8010-01-P
