
[Federal Register Volume 76, Number 160 (Thursday, August 18, 2011)]
[Notices]
[Pages 51438-51439]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2011-21031]


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SECURITIES AND EXCHANGE COMMISSION


Submission for OMB Review; Comment Request

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

Extension:
    Rule 17a-10; SEC File No. 270-154; OMB Control No. 3235-0122.

    Notice is hereby given that pursuant to the Paperwork Reduction Act 
of 1995 (44 U.S.C. 3501 et seq.) (``PRA''), the Securities and Exchange 
Commission (``Commission'') has submitted to the Office of Management 
and Budget (``OMB'') a request for approval of extension of the 
previously approved collection of information provided for in Rule 17a-
10 (17 CFR 240.17a-10) under the Securities Exchange Act of 1934 (15 
U.S.C. 78a et seq.) (``Exchange Act'').
    Paragraph (a)(1) of Rule 17a-10 generally requires broker-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.
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    \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.
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    Paragraph (a)(2) of Rule 17a-10 requires a broker-dealer subject to 
Rule 17a-5(a) to submit Schedule I of Form X-17A-5 with its Form X-17A-
5 for the calendar quarter ending December 31 of each year. The burden 
associated with filing Schedule I of Form X-17A-5 is accounted for in 
the PRA filing associated with Rule 17a-5.

[[Page 51439]]

    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 103 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 1,236 burden-hours per year.\2\
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    \2\ The number of burden hours stated in this notice is lower 
than the number of burden hours stated in the 60 day notice 
(``Proposed Collection; Comment Request'') published earlier this 
year in connection with this OMB control number. The reason for this 
difference is that the burden hours stated in the 60-day notice had 
been based on the number of respondent broker-dealers who had 
complied with Rule 17a-10 during 2009 (i.e., 168 respondents), 
whereas the burden hours in this notice reflect the more updated 
number of respondent broker-dealers who complied with Rule 17a-10 
during 2010 (i.e., 103 respondents).
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    The Commission may not conduct or sponsor a collection of 
information unless it displays a currently valid OMB control number. No 
person shall be subject to any penalty for failing to comply with a 
collection of information subject to the PRA that does not display a 
valid OMB control number.
    Background documentation for this information collection may be 
viewed at the following link, http://www.reginfo.gov. 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: Shagufta_Ahmed@omb.eop.gov; and (ii) Thomas Bayer, Director/Chief Information 
Officer, Securities and Exchange Commission, c/o Remi Pavlik-Simon, 
6432 General Green Way, Alexandria, VA 22312 or send an e-mail to: 
PRA_Mailbox@sec.gov. Comments must be submitted to OMB within 30 days 
of this notice.

    August 12, 2011.
Elizabeth M. Murphy,
Secretary.
[FR Doc. 2011-21031 Filed 8-17-11; 8:45 am]
BILLING CODE 8011-01-P


