

[Federal Register: November 2, 2007 (Volume 72, Number 212)]
[Notices]               
[Page 62277]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr02no07-86]                         

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SECURITIES AND EXCHANGE COMMISSION

 
Submission for OMB Review; Comment Request

Upon Written Request, Copies Available From: U.S. 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'') has submitted to the Office of Management 
and Budget (``OMB'') a request for approval of extension of the 
existing collection of information provided for in the following rule: 
Rule 15Ba2-5 (17 CFR 240.15Ba2-5).
    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).
    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.
    Comments should be directed to (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 by sending an e-mail to: 
Alexander_T._Hunt@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 within 30 
days of this notice.

     Dated: October 29, 2007.
Florence E. Harmon,
Deputy Secretary.
 [FR Doc. E7-21577 Filed 11-1-07; 8:45 am]

BILLING CODE 8011-01-P
