Notice2022-15782
Submission for OMB Review; Comment Request: Extension: Rule 15Ba2-5
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
July 25, 2022
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 87 Issue 141 (Monday, July 25, 2022)</title>
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[Federal Register Volume 87, Number 141 (Monday, July 25, 2022)]
[Notices]
[Pages 44179-44180]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-15782]
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SECURITIES AND EXCHANGE COMMISSION
[SEC File No. 270-091, OMB Control No. 3235-0088]
Submission for OMB Review; 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'') has submitted to the Office of Management
and Budget (``OMB'') a request for approval of extension of the
existing 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'').
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, 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 4 hours to comply with this rule. This respondent
makes an estimated one annual response. Each response takes
approximately 4 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).
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.
The public may view background documentation for this information
collection at the following website: <a href="http://www.reginfo.gov">www.reginfo.gov</a>. Find this
particular information collection by selecting ``Currently under 30-day
Review--Open
[[Page 44180]]
for Public Comments'' or by using the search function. Written comments
and recommendations for the proposed information collection should be
sent by August 24, 2022 to (i) <a href="http://www.reginfo.gov/public/do/PRAMain">www.reginfo.gov/public/do/PRAMain</a> and
(ii) David Bottom, Director/Chief Information Officer, Securities and
Exchange Commission, c/o John Pezzullo, 100 F Street NE, Washington, DC
20549, or by sending an email to: <a href="/cdn-cgi/l/email-protection#38686a7967755951545a5740784b5d5b165f574e"><span class="__cf_email__" data-cfemail="cb9b998a9486aaa2a7a9a4b38bb8aea8e5aca4bd">[email protected]</span></a>.
Dated: July 19, 2022.
J. Matthew DeLesDernier,
Deputy Secretary.
[FR Doc. 2022-15782 Filed 7-22-22; 8:45 am]
BILLING CODE 8011-01-P
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