
[Federal Register: July 28, 2010 (Volume 75, Number 144)]
[Notices]               
[Page 44296]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr28jy10-131]                         

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SECURITIES AND EXCHANGE COMMISSION

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

 
Proposed 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 15Ba2-5, SEC File No. 270-91, OMB Control No. 3235-0088.

    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 provided for in Rule 15Ba2-5 (17 CFR. 240.15Ba2-5)--
Registration of Fiduciaries, under the Securities Exchange Act of 1934 
(15 U.S.C. 78a et seq.) (the ``Exchange Act''). The Commission plans to 
submit this existing collection of information to the Office of 
Management and Budget for extension and approval.
    On July 7, 1975, effective July 16, 1975 (see 41 FR 28948, July 14, 
1975), the Commission adopted Rule 15Ba2-5 under the Exchange Act of 
1934 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.
    Please direct your written comments to: Charles Boucher, 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 21, 2010.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. 2010-18443 Filed 7-27-10; 8:45 am]
BILLING CODE 8010-01-P

