
[Federal Register Volume 79, Number 141 (Wednesday, July 23, 2014)]
[Notices]
[Pages 42843-42844]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-17279]


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SECURITIES AND EXCHANGE COMMISSION


Proposed Collection; Comment Request

Upon Written Request, Copies Available From: Securities and Exchange 
Commission, Office of FOIA Services, 100 F Street NE., Washington, DC 
20549-2736.

Extension:
    Rule 17f-2(d); SEC File No. 270-36, OMB Control No. 3235-0028.

    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 17f-2(d) [17 CFR 
240.17f-2(d)], under the Securities Exchange Act of 1934 (15 U.S.C. 78a 
et seq.) (``Act''). The Commission plans to submit this existing 
collection of information to the Office of Management and Budget 
(``OMB'') for extension and approval.
    Rule 17f-2(d) requires that records created pursuant to the 
fingerprinting requirements of Section 17(f)(2) of the Act be 
maintained and preserved by every member of a national securities 
exchange, broker, dealer, registered transfer agent and registered 
clearing agency (``covered entities'' or ``respondents''); permits, 
under certain circumstances, the records required to be maintained and 
preserved by a member of a national securities exchange, broker, or 
dealer to be maintained and preserved by a self-regulatory organization 
that is also the designated examining authority for that member, broker 
or dealer; and permits the required records to be preserved on 
microfilm. The general purpose for Rule 17f-2 is to: (i) Identify 
security risk personnel; (ii) provide criminal record information so 
that employers can make fully informed employment decisions; and (iii) 
deter persons with criminal records from seeking employment or 
association with covered entities. The rule enables the Commission or 
other examining authority to ascertain whether all required persons are 
being fingerprinted and whether proper

[[Page 42844]]

procedures regarding fingerprinting are being followed. Retention of 
these records for a period of not less than three years after 
termination of a covered person's employment or relationship with a 
covered entity ensures that law enforcement officials will have easy 
access to fingerprint cards on a timely basis. This in turn acts as an 
effective deterrent to employee misconduct.
    Approximately 5,300 respondents are subject to the recordkeeping 
requirements of the rule. Each respondent maintains approximately 60 
new records per year, each of which takes approximately 2 minutes per 
record to maintain, for an annual burden of approximately 2 hours (60 
records times 2 minutes). The total annual burden for all respondents 
is approximately 10,600 hours (5,300 respondents times 2 hours). As 
noted above, all records maintained subject to the rule must be 
retained for a period of not less than three years after termination of 
a covered person's employment or relationship with a covered entity. In 
addition, we estimate the total cost to respondents is approximately 
$119,000.
    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 
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: July 17, 2014.
Kevin M. O'Neill,
Deputy Secretary.
[FR Doc. 2014-17279 Filed 7-22-14; 8:45 am]
BILLING CODE 8011-01-P


