
[Federal Register Volume 78, Number 164 (Friday, August 23, 2013)]
[Notices]
[Page 52586]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-20573]


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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 15Ba2-1 and Form MSD, SEC File No. 270-0088, OMB Control 
No. 3235-0083.

    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 extension of the previously approved 
collection of information provided for in Rule 15Ba2-1 (17 CFR 
240.15Ba2-1) and Form MSD (17 CFR 249.1100) under the Securities 
Exchange Act of 1934 (``Exchange Act'') (17 U.S.C. 78a et seq.).
    Rule 15Ba2-1 provides that an application for registration with the 
Commission by a bank municipal securities dealer must be filed on Form 
MSD. The Commission uses the information obtained from Form MSD filings 
to determine whether bank municipal securities dealers meet the 
standards for registration set forth in the Act, to maintain a central 
registry where members of the public may obtain information about 
particular bank municipal securities dealers, and to develop risk 
assessment information about bank municipal securities dealers.
    Based upon past submissions, the staff estimates that approximately 
22 respondents will utilize this application procedure annually. The 
staff estimates that the average number of hours necessary to comply 
with the requirements of Rule 15Ba2-1 and Form MSD is 1.5 hours per 
respondent, for a total burden of 33 hours per year. The staff 
estimates that the average internal compliance cost per hour is 
approximately $310. Therefore, the estimated total annual cost of 
compliance for the respondents is approximately $10,230.
    Rule 15Ba2-1 does not contain an explicit recordkeeping 
requirement, but the rule does require the prompt correction of any 
information on Form MSD that becomes inaccurate, meaning that bank 
municipal securities dealers need to maintain a current copy of Form 
MSD indefinitely. Providing the information on the application is 
mandatory in order to register with the Commission as a bank municipal 
securities dealer. The information contained in the application will 
not be kept confidential.
    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.
    The public may view background documentation for this information 
collection at the following Web site: 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 email to: Shagufta_Ahmed@omb.eop.gov; and 
(ii) Thomas Bayer, Director/Chief Information Officer, Securities and 
Exchange Commission, c/o Remi Pavlik-Simon, 100 F Street NE., 
Washington, DC 20549, or by email to: PRA_Mailbox@sec.gov. Comments 
must be submitted to OMB within 30 days of this notice.

    Dated: August 19, 2013.
Kevin M. O'Neill,
Deputy Secretary.
[FR Doc. 2013-20573 Filed 8-22-13; 8:45 am]
BILLING CODE 8011-01-P


