
[Federal Register Volume 78, Number 245 (Friday, December 20, 2013)]
[Notices]
[Pages 77174-77175]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-30273]


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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 15Ba2-6T; SEC File No. 270-618, OMB Control No. 3235-0659.

    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'') is soliciting comments on the existing 
collection of information provided for in Rule 15Ba2-6T--Temporary 
Registration as a Municipal Advisor; Required Amendments; and 
Withdrawal from Temporary Registration (17 CFR 240.15Ba2-6T) under the 
Securities Exchange Act of 1934 (15 U.S.C. 78a et seq.) (``Exchange 
Act''). The Commission plans to submit this existing collection of 
information to the Office of Management and Budget (``OMB'') for 
extension and approval.
    Paragraph (a) of Rule 15Ba2-6T requires municipal advisors, as 
defined in Section 15B(e)(4) of the Exchange Act (15 U.S.C. 78o-
4(e)(4)), to electronically file with the Commission on the 
Commission's Web site at the following link, Municipal Advisor 
Registration, the information set forth in Form MA-T (17 CFR 249.1300T) 
to temporarily register or withdraw from temporary registration.
    Paragraph (b)(1) of Rule 15Ba2-6T requires municipal advisors to 
promptly amend their temporary registration whenever information 
concerning Items 1 (Identifying Information) or 3 (Disciplinary 
Information) of Form MA-T becomes inaccurate in any way.
    Paragraph (b)(2) of Rule 15Ba2-6T requires municipal advisors to 
promptly amend their temporary registration whenever they wish to 
withdraw from registration.
    Paragraph (c) of Rule 15Ba2-6T provides that every initial 
registration, amendment to registration, or withdrawal from 
registration filed pursuant to this rule constitutes a ``report'' 
within the meaning of applicable provisions of the Exchange Act.
    Paragraph (d) of Rule 15Ba2-6T provides that every Form MA-T, 
including every amendment to or withdrawal from registration, is 
considered filed with the Commission when the electronic form on the 
Commission's Web site is completed and the Commission has sent 
confirmation to the municipal advisor that the form was filed.
    Paragraph (e) of Rule 15Ba2-6T provides that all temporary 
registrations of municipal advisors will expire on the earlier of: (1) 
The date that the municipal advisor's permanent registration, submitted 
pursuant to the Exchange Act and the rules thereunder, is approved or 
disapproved by the Commission; (2) the date on which the municipal 
advisor's temporary registration is rescinded by the Commission; (3) 
for a municipal advisor that has not applied for permanent registration 
with the Commission in accordance with the Exchange Act and the rules 
thereunder, forty-five days after the compliance date of such rules for 
the municipal advisor; or (4) December 31, 2014.
    Paragraph (f) of Rule 15Ba2-6T provides that Rule 15Ba2-6T will 
expire on December 31, 2014.
    The primary purpose of Rule 15Ba2-6T is to provide information 
about municipal advisors to investors and issuers, as well as the 
Commission pursuant to the Dodd-Frank Wall Street Reform and Consumer 
Protection Act.
    Commission staff estimates that approximately 100 new municipal 
advisors will file Form MA-T during the period January 1, 2014 through 
December 31, 2014. Commission staff estimates that each of the 
approximately 100 new municipal advisors will spend an average of 2.5 
hours preparing each Form MA-T. Therefore the estimated total reporting 
burden associated with completing Form MA-T is 250 hours. Additionally, 
Commission staff estimates that approximately 1,150 municipal advisors 
currently registered with the Commission and the estimated 100 new 
municipal advisors will amend (or withdraw) their Form MA-T once during 
the period from January 1, 2014 through December 31, 2014, and that it 
will take approximately 30 minutes to amend (or withdraw) their form, 
which means the total burden associated with amending Form MA-T is 625 
hours. Therefore, the total annual burden associated with completing 
and amending Form MA-T is 875 hours.
    The Commission believes that some municipal advisors will seek 
outside counsel to help them comply with the requirements of Rule 
15Ba2-6T and Form MA-T, and assumes that 100 municipal advisors will 
consult outside counsel for one hour for this purpose. The Commission 
estimates the total cost for these 100 municipal advisors to hire 
outside counsel to review their compliance with the requirements of

[[Page 77175]]

Rule 15Ba2-6T and Form MA-T to be approximately $37,900.
    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: December 16, 2013.
Kevin M. O'Neill,
Deputy Secretary.
[FR Doc. 2013-30273 Filed 12-19-13; 8:45 am]
BILLING CODE 8011-01-P


