
[Federal Register Volume 79, Number 191 (Thursday, October 2, 2014)]
[Notices]
[Page 59523]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-23453]


-----------------------------------------------------------------------

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 15c2-1,
    SEC File No. 270-418, OMB Control No. 3235-0485.

    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 15c2-1, (17 CFR 
240.15c2-1), under the Securities Exchange Act of 1934 (15 U.S.C. 78a 
et seq.). The Commission plans to submit this existing collection of 
information to the Office of Management and Budget (``OMB'') for 
extension and approval.
    Rule 15c2-1 prohibits the commingling under the same lien of 
securities of margin customers (a) with other customers without their 
written consent, and (b) with the broker-dealer. The rule also 
prohibits the re-hypothecation of customers' margin securities for a 
sum in excess of the customer's aggregate indebtedness. Pursuant to 
Rule 15c2-1, respondents must collect information necessary to prevent 
the re-hypothecation of customer securities in contravention of the 
rule, issue and retain copies of notices of hypothecation of customer 
securities in accordance with the rule, and collect written consents 
from customers in accordance with the rule. The information is 
necessary to ensure compliance with the rule, and to advise customers 
of the rule's protections.
    There are approximately 61 respondents (i.e., broker-dealers that 
conducted business with the public, filed Part II or Part IICSE of the 
FOCUS Report, did not claim an exemption from the Rule 15c3-3 reserve 
formula computation, and reported that they had a bank loan during at 
least one quarter of the current year) that require an aggregate total 
of 1,373 hours to comply with the rule. Each of these approximately 61 
registered broker-dealers makes an estimated 45 annual responses. Each 
response takes approximately 0.5 hours to complete. Thus, the total 
compliance burden per year is 1,373 burden hours.
    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: September 26, 2014.
Kevin M. O'Neill,
Deputy Secretary.
[FR Doc. 2014-23453 Filed 10-1-14; 8:45 am]
BILLING CODE 8011-01-P


