Rule 15c2-11, 17 CRF 240.15c2-11 (Publication or submission of quotations without current information)

Forms and Documents

Document Name	Status
15c2-11 Supporting Statement.doc Supporting Statement A	2008-06-06

IC Document Collections

IC ID	Document Title	Status
34565	Rule 15c2-11, 17 CRF 240.15c2-11 (Publication or submission of quotations without current information)	Modified

ICR Details

OMB Control No: 3235-0202	ICR Reference No: 200803-3235-023
Status: Historical Active	Previous ICR Reference No: 200506-3235-020
Agency/Subagency: SEC	Agency Tracking No: 270-196
Title: Rule 15c2-11, 17 CRF 240.15c2-11 (Publication or submission of quotations without current information)
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 08/05/2008
	Date Received in OIRA: 06/06/2008
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	08/31/2011	36 Months From Approved	08/31/2008
Responses	970	0	1,200
Time Burden (Hours)	4,850	0	5,760
Cost Burden (Dollars)	0	0	115,000

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Abstract: Rule 15c2-11, adopted September 13, 1971, effective December 13, 1971 (see 36 FR 18641), prohibits broker-dealers from establishing arbitrary quotations for infrequently traded over-the-counter securities and from fraudulent or manipulative trading of the securities of shell corporations by requiring broker-dealers to 1) review information about the issuer when they first publish or resume publishing a quotation for a covered security; 2) document that review; and 3) make the information available to other persons upon request.

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Authorizing Statute(s): US Code: 15 USC 78o(c)(2) and 78w Name of Law: Sections 15(c)(2) and 23(a) of the Securities Exchange Act of 1934.
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	73 FR 16732	03/28/2008
30-day Notice:	Federal Register Citation:	Citation Date:
	73 FR 32367	06/06/2008
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
Rule 15c2-11, 17 CRF 240.15c2-11 (Publication or submission of quotations without current information)

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ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to New Statute	Change Due to Agency Discretion	Change Due to Adjustment in Estimate	Change Due to Potential Violation of the PRA
Annual Number of Responses	970	1,200	0	-230	0	0
Annual Time Burden (Hours)	4,850	5,760	0	-910	0	0
Annual Cost Burden (Dollars)	0	115,000	0	-115,000	0	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: Yes

Burden Reduction Due to: Miscellaneous Actions

Short Statement: Change in agency estimate.

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Annual Cost to Federal Government: $0

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? Uncollected

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? Uncollected

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? Uncollected

Is this ICR related to the Pandemic Response? Uncollected

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Common Form ICR:  No

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On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).

The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(i) Why the information is being collected;

(ii) Use of information;

(iii) Burden estimate;

(iv) Nature of response (voluntary, required for a benefit, or mandatory);

(v) Nature and extent of confidentiality; and

(vi) Need to display currently valid OMB control number;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.

Certification Date: 06/06/2008

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