
[Federal Register: July 10, 2008 (Volume 73, Number 133)]
[Notices]               
[Page 39740-39741]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr10jy08-105]                         

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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 17f-2(d); SEC File No. 270-36; OMB Control No. 3235-0028.

    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.
     Rule 17f-2(d) (17 CFR 240.17f-2(d)).
    Rule 17f-2(d) was adopted on March 16, 1976, and was last amended 
on November 18, 1982. Paragraph (d) of the

[[Page 39741]]

rule (i) requires that records produced pursuant to the fingerprinting 
requirements of Section 17(f)(2) of the Securities Exchange Act of 1934 
(``Exchange Act'') be maintained, (ii) permits the designated examining 
authorities of broker-dealers or members of exchanges, under certain 
circumstances, to store and maintain records required to be kept by 
this rule, and (iii) permits the required records to be maintained on 
microfilm.
    The general purpose for Rule 17f-2 is: (i) To identify security 
risk personnel; (ii) to provide criminal record information so that 
employers can make fully informed employment decisions; and (iii) to 
deter persons with criminal records from seeking employment or 
association with covered entities.
    Retention of fingerprint records, as required under paragraph (d) 
of the Rule, enables the Commission or other examining authority to 
ascertain whether all required persons are being fingerprinted and 
whether proper procedures regarding fingerprints are being followed. 
Retention of these records for the term of employment of all personnel 
plus three years ensures that law enforcement officials will have easy 
access to fingerprint cards on a timely basis. This in turn acts as an 
effective deterrent to employee misconduct.
    Approximately 5,984 respondents are subject to the recordkeeping 
requirements of the rule. Each respondent keeps approximately 62 new 
records per year, which takes approximately 2 minutes per record for 
the respondent to maintain, for an annual burden of approximately 2 
hours per respondent or a total annual burden of approximately 11,968 
hours on all respondents, collectively. All records subject to the rule 
must be retained for the term of employment plus 3 years.
    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. 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 will have practical utility; (b) the accuracy of the 
agency's estimate of the burden of the collection of information; (c) 
ways to enhance the quality, utility, and clarity of the information 
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.
    Please direct your written comments to Lewis W. Walker, Acting 
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.

    Dated: July 7, 2008.
Florence E. Harmon,
Acting Secretary.
 [FR Doc. E8-15683 Filed 7-9-08; 8:45 am]

BILLING CODE 8010-01-P
