
[Federal Register Volume 78, Number 152 (Wednesday, August 7, 2013)]
[Notices]
[Pages 48204-48205]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-19038]


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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 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, 1976, effective July 16, 1976 (see 41 FR 28948, July 14, 
1976), 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,

[[Page 48205]]

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.
    An agency may not conduct or sponsor, and a person is not required 
to respond to, a collection of information under the PRA unless it 
displays a currently valid OMB control number. Please direct your 
written comments to: Thomas Bayer, Director/Chief Information Officer, 
Securities and Exchange Commission, c/o Remi Pavlik-Simon, 100 F 
Street, NE., Washington, DC 20549 or send an email to: PRA_Mailbox@sec.gov.

    Dated: August 1, 2013.
Kevin M. O'Neill,
Deputy Secretary.
[FR Doc. 2013-19038 Filed 8-6-13; 8:45 am]
BILLING CODE 8011-01-P


