Federal Register: June 13, 2001 (Volume 66, Number 114)
DOCID: FR Doc 01-14871
SECURITIES AND EXCHANGE COMMISSION
Securities and Exchange Commission
NOTICE: NOTICES
ACTION: Agency information collection activities:
SUBJECT CATEGORY:
Proposed Collection; Comment Request
DOCUMENT SUMMARY:
Upon Written Request, Copies Available From: Securities and Exchange Commission, Office of Filings and Information Services, Washington, DC 20549.
Extension: Rule 11Ac14, SEC File No. 270405, OMB Control No. 32350462
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 summarized below. The Commission plans to submit this existing collection of information to the Office of Management and Budget for extension and approval.
Rule 11Ac14 [17 C.F.R. 240.11Ac14] under the Securities Exchange
Act of 1934 requires specialists and market makers to publicly display a customer
[[Page 31952]]
limit order when that limit order is priced superior to the quote that
is currently being displayed by the specialist or market maker.
Customer limit orders that match the bid or offer being displayed by
the specialist or market maker must also be displayed if the limit
order price matches the national best bid or offer. It is estimated
that approximately 926 broker and dealer respondents incur an aggregate burden of 9,056 hours per year to comply with this rule.
Rule 11Ac14 does not contain record retention requirements. Compliance with the rule is mandatory. Responses are not confidential. An agency may not conduct or sponsor and a person is not required to respond to a collection of information unless it displays a currently valid control number.
Written comments are invited on: (a) Whether the proposed collection of information is necessary for the proper performance of the functions of the agency, including whether the information shall have practical utility; (b) the accuracy of the agency's estimate 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.
Direct your written comments to Michael E. Bartell, Associate Executive Director, Office of Information Technology, Securities and Exchange Commission, 450 5th Street, NW., Washington, DC 20549.
Dated: June 6, 2001.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 0114871 Filed 61201; 8:45 am]
BILLING CODE 801001M
SUMMARY:
Proposed collection; comment request,
DOCUMENT BODY 2:
Upon Written Request, Copies Available From: Securities and Exchange Commission, Office of Filings and Information Services, Washington, DC 20549.
Extension: Rule 11Ac14, SEC File No. 270405, OMB Control No. 32350462
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 summarized below. The Commission plans to submit this existing collection of information to the Office of Management and Budget for extension and approval.
Rule 11Ac14 [17 C.F.R. 240.11Ac14] under the Securities Exchange
Act of 1934 requires specialists and market makers to publicly display a customer
[[Page 31952]]
limit order when that limit order is priced superior to the quote that
is currently being displayed by the specialist or market maker.
Customer limit orders that match the bid or offer being displayed by
the specialist or market maker must also be displayed if the limit
order price matches the national best bid or offer. It is estimated
that approximately 926 broker and dealer respondents incur an aggregate burden of 9,056 hours per year to comply with this rule.
Rule 11Ac14 does not contain record retention requirements. Compliance with the rule is mandatory. Responses are not confidential. An agency may not conduct or sponsor and a person is not required to respond to a collection of information unless it displays a currently valid control number.
Written comments are invited on: (a) Whether the proposed collection of information is necessary for the proper performance of the functions of the agency, including whether the information shall have practical utility; (b) the accuracy of the agency's estimate 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.
Direct your written comments to Michael E. Bartell, Associate Executive Director, Office of Information Technology, Securities and Exchange Commission, 450 5th Street, NW., Washington, DC 20549.
Dated: June 6, 2001.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 0114871 Filed 61201; 8:45 am]
BILLING CODE 801001M