
[Federal Register Volume 76, Number 247 (Friday, December 23, 2011)]
[Notices]
[Pages 80423-80424]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2011-32915]


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SECURITIES AND EXCHANGE COMMISSION


Submission for OMB Review; 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 (``PRA'')(44 U.S.C. 3501 et seq.), 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 the 
following rule: Rule 11a1-1(T) (17 CFR 240.11a1-1(T)) under the 
Securities Exchange Act of 1934 (15 U.S.C. 78a et seq.) (``Exchange 
Act'').
    On January 27, 1976, the Commission adopted Rule 11a1-1(T), to 
certain exempt 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 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).
    Compliance with Rule 11a-1(T) is necessary for exchange members to 
make transactions for their own accounts under a specific exemption 
from the general prohibition of such transactions under Section 11(a) 
of the Exchange Act. Compliance with Rule 11a-1(T) does not involve the 
collection of confidential information. Rule 11a-1(T) does not have a 
record retention requirement per se. However, responses made pursuant 
to Rule 11a-1(T) may be subject to the recordkeeping requirements of 
Rules 17a-3 and 17a-4.
    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.
    The public may view the background documentation for this 
information collection at the following Web site, 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 email 
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 
email

[[Page 80424]]

to: PRA_Mailbox@sec.gov. Comments must be submitted to OMB within 30 
days of this notice.

    Dated: December 19, 2011.
Kevin M. O'Neill,
Deputy Secretary.
[FR Doc. 2011-32915 Filed 12-22-11; 8:45 am]
BILLING CODE 8011-01-P


