Request for Public Comment

[Federal Register Volume 64, Number 132 (Monday, July 12, 1999)]
[Notices]
[Page 37578]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-17623]


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


NUCLEAR REGULATORY COMMISSION
SECURITIES AND EXCHANGE COMMISSION


Request for Public Comment

Upon Written Request, Copies Available From: Securities and Exchange 
Commission, Office of Filings and Information Services, Washington, DC 
20549

Extension:
    Rule 10a-1, SEC File No. 270-413, OMB Control No. 3235-0475

    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 10a-1 (17 CFR 240.10a-1) under the Securities Exchange Act of 
1934 (Exchange Act) is designed to limit short selling of a security in 
a declining market by requiring, in effect, that each successive lower 
price be established by a long seller. The price at which short sales 
may be effected is established by reference to the last sale price 
reported in the consolidated system or on a particular marketplace. 
Rule 10a-1 requires each broker or dealer that effects any sell order 
for a security registered on, or admitted to unlisted trading 
privileges on, a national securities exchange to market the relevant 
order ticket either ``long'' or ``short.''
    There are approximately 1,500 brokers and dealers registered with 
the national securities exchanges. The Commission has considered each 
of these respondents for the purposes of calculating the reporting 
burden under Rule 10a-1. Each of these approximately 1,500 registered 
broker-dealers effects sell orders for securities registered on or 
admitted to unlisted trading privileges on, a national securities 
exchange. In addition, each respondent makes an estimated 60,933 annual 
responses, for an aggregate total of 91,400,000 responses per year. 
Each response takes approximately .000139 hours 
(.5 seconds) to complete. Thus, the total compliance burden per year is 
12,705 burden hours.
    Written comments are invited on: (a) whether the existing 
collection of information is necessary for the proper performance of 
the functions of the agency, including whether the information 
continues to have practical utility; (b) the accuracy of the agency's 
estimate of the burden of the existing collection of information; (c) 
ways to enhance the quality, utility, and clarity of the information 
being 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 30, 1999.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 99-17623 Filed 7-9-99; 8:45 am]
BILLING CODE 8010-01-M