
[Federal Register Volume 76, Number 203 (Thursday, October 20, 2011)]
[Notices]
[Pages 65222-65223]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2011-27093]


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SECURITIES AND EXCHANGE COMMISSION


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 11a1-1(T); OMB Control No. 3235-0478; SEC File No. 270-428.

    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 for Rule 11a1-1(T)--Transactions 
Yielding Priority, Parity, and Precedence.
    On January 27, 1976, the Commission adopted Rule 11a1-1(T)--
Transactions Yielding Priority, Parity, and Precedence (17 CFR 
240.11a1-1(T)) under the Securities Exchange Act of 1934 (15 U.S.C. 78 
et seq.) (``Exchange Act''), to exempt certain transactions of exchange 
members for their own accounts that would otherwise be prohibited under 
Section 11(a) of the Exchange Act. The rule provides that a member's 
proprietary order may be executed on the exchange of which the trader 
is a member, if, among other things: (1) The member discloses that a 
bid or offer for its account is for its account to any member with whom 
such bid or offer is placed or to whom it is communicated; (2) any such 
member through whom that bid or offer is communicated discloses to 
others participating in effecting the order that it is for the account 
of a member; and (3) immediately before executing the order, a member 
(other than a specialist in such security) presenting any order for the 
account of a member on the exchange clearly announces or otherwise 
indicates to the specialist and to other members then present that he 
is presenting an order for the account of a member.
    Without these requirements, it would not be possible for the 
Commission to monitor its mandate under the Exchange

[[Page 65223]]

Act to promote fair and orderly markets and ensure that exchange 
members have, as the principle purpose of their exchange memberships, 
the conduct of a public securities business.
    There are approximately 763 respondents that require an aggregate 
total of 22 hours to comply with this rule. Each of these approximately 
763 respondents makes an estimated 20 annual responses, for an 
aggregate of 15,260 responses per year. Each response takes 
approximately 5 seconds to complete. Thus, the total compliance burden 
per year is 22 hours (15,260 x 5 seconds/60 seconds per minute/60 
minutes per hour = 22 hours). The approximate cost per hour is $282, 
resulting in a total cost of compliance for the annual burden of $6,204 
(22 hours @ $282).
    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.
    The Commission may not conduct or sponsor a collection of 
information unless it displays a currently valid 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 Office of Management and Budget (OMB) control number.
    Please direct your written comments to: Thomas Bayer, Director/
Chief Information Officer, Securities and Exchange Commission, c/o Remi 
Pavlik-Simon, 6432 General Green Way, Alexandria, Virginia 22312 or 
send an e-mail to: PRA_Mailbox@sec.gov.

    October 14, 2011.
Elizabeth M. Murphy,
Secretary.
[FR Doc. 2011-27093 Filed 10-19-11; 8:45 am]
BILLING CODE 8011-01-P


