
[Federal Register: July 7, 2008 (Volume 73, Number 130)]
[Notices]               
[Page 38472-38473]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr07jy08-126]                         

=======================================================================
-----------------------------------------------------------------------

SECURITIES AND EXCHANGE COMMISSION

 
Proposed Extension of Existing Collection; 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 17a-10, OMB Control No. 3235-0122, SEC File No. 270-154.

    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 existing collection of 
information provided for in the following rule: Rule 17a-10--Report on 
revenue and expenses (17 CFR 240.17a-10) under the Securities Exchange 
Act of 1934 (15 U.S.C. 78a et seq.) (``Exchange Act''). The Commission 
plans to submit this existing collection of information to the Office 
of Management and Budget (``OMB'') for extension and approval.
    Paragraph (a)(1) of Rule 17a-10 generally requires brokers and 
dealers that are exempted from the requirement to file monthly and 
quarterly reports pursuant to paragraph (a) of Exchange Act Rule 17a-5 
(17 CFR 240.17a-5) to file with the Commission the Facing Page, a 
Statement of Income (Loss), and balance sheet from Part IIA of Form X-
17A-5 \1\ (17 CFR 249.617), and Schedule I of Form X-17A-5 not later 
than 17 business days after the end of each calendar year.
---------------------------------------------------------------------------

    \1\ Form X-17A-5 is the Financial and Operational Combined 
Uniform Single Report (``FOCUS Report''), which is used by brokers 
and dealers to provide certain required information to the 
Commission.
---------------------------------------------------------------------------

    Paragraph (a)(2) of Rule 17a-10 requires a broker or dealer subject 
to Rule 17a-5(a) to submit Schedule I of

[[Page 38473]]

Form X-17A-5 with its Form X-17A-5 for the calendar quarter ending 
December 31 of each year.
    Paragraph (b) of Rule 17a-10 provides that the provisions of 
paragraph (a) do not apply to members of national securities exchanges 
or registered national securities associations that maintain records 
containing the information required by Form X-17A-5 and which transmit 
to the Commission copies of the records pursuant to a plan which has 
been declared effective by the Commission.
    The primary purpose of Rule 17a-10 is to obtain the economic and 
statistical data necessary for an ongoing analysis of the securities 
industry.
    As originally adopted in 1968, Rule 17a-10 required brokers and 
dealers to provide their revenue and expense data on a special form. 
The Rule was amended in 1977 to eliminate the form. The data previously 
reported on the form is now reported using Form X-17A-5 and its 
supplementary schedules.
    The Commission estimates that approximately 500 broker-dealers will 
spend an average of approximately 12 hours per year complying with Rule 
17a-10. Thus, the total compliance burden is estimated to be 
approximately 6,000 burden-hours per year.
    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, VA 22312 or send an e-
mail to: PRA_Mailbox@sec.gov.

    Dated: June 26, 2008.
Florence E. Harmon,
Acting Secretary.
[FR Doc. E8-15199 Filed 7-3-08; 8:45 am]

BILLING CODE 8010-01-P
