Notice2022-10742
Proposed Collection; Comment Request; Extension: Rule 15Ba2-5
Primary source
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Published
May 19, 2022
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 87 Issue 97 (Thursday, May 19, 2022)</title>
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[Federal Register Volume 87, Number 97 (Thursday, May 19, 2022)]
[Notices]
[Pages 30548-30549]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-10742]
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SECURITIES AND EXCHANGE COMMISSION
[SEC File No. 270-091, OMB Control No. 3235-0088]
Proposed Collection; Comment Request; Extension: Rule 15Ba2-5
Upon Written Request, Copies Available From: Securities and Exchange
Commission, Office of FOIA Services, 100 F Street NE, Washington, DC
20549-2736
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 collection of
information provided for in Rule 15Ba2-5 (17 CFR 240.15Ba2-5) 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.
On July 7, 1976, effective July 16, 1976 (see 41 FR 28948, July 14,
1976), the Commission adopted Rule 15Ba2-5 under the Exchange Act to
permit a duly-appointed fiduciary to assume immediate responsibility
for the operation of a municipal securities dealer's business. Without
the rule, the fiduciary would not be able to assume operation until it
registered as a municipal securities dealer. Under the rule, the
registration of a municipal securities dealer is deemed to be the
registration of any executor, administrator, guardian, conservator,
assignee for the benefit of creditors,
[[Page 30549]]
receiver, trustee in insolvency or bankruptcy, or other fiduciary,
appointed or qualified by order, judgment, or decree of a court of
competent jurisdiction to continue the business of such municipal
securities dealer, provided that such fiduciary files with the
Commission, within 30 days after entering upon the performance of his
duties, a statement setting forth as to such fiduciary substantially
the same information required by Form MSD or Form BD. The statement is
necessary to ensure that the Commission and the public have adequate
information about the fiduciary.
There is approximately one respondent per year that requires an
aggregate total of four hours to comply with this rule. This respondent
makes an estimated one annual response. Each response takes
approximately four hours to complete. Thus, the total compliance burden
per year is approximately four hours. The approximate internal
compliance cost per hour is $25, resulting in a total internal cost of
compliance of approximately $100 per year (i.e., 4 hours x $25).
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 by
July 18, 2022.
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: David Bottom, Director/
Chief Information Officer, Securities and Exchange Commission, c/o John
Pezzullo, 100 F Street NE, Washington, DC 20549, or send an email to:
<a href="/cdn-cgi/l/email-protection#1e4e4c5f41537f77727c71665e6d7b7d30797168"><span class="__cf_email__" data-cfemail="b6e6e4f7e9fbd7dfdad4d9cef6c5d3d598d1d9c0">[email protected]</span></a>.
Dated: May 13, 2022.
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2022-10742 Filed 5-18-22; 8:45 am]
BILLING CODE 8011-01-P
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