Search Results for citation:"86 FR 9414"

The Securities and Exchange Commission (SEC) is asking for public comments regarding the collection of information through Form 15, which certifies the termination of a security class or suspends reporting duties under the Securities Exchange Act of 1934. They estimate that around 1,062 issuers file Form 15 annually, taking about 1.5 hours per form for a total of 1,593 annual hours. The SEC is interested in feedback on the necessity, accuracy, and ways to improve the information collection process. Comments must be submitted within 60 days of the publication date.

The Securities and Exchange Commission has requested an extension from the Office of Management and Budget for approval of collecting information as outlined in Rule 17f-2(d). This rule mandates that entities like brokers and dealers keep fingerprint records of their employees to help identify security risks and prevent hiring individuals with criminal records. The records must be retained for at least three years after employment ends. Approximately 3,900 entities are subject to these requirements, maintaining a combined total of about 8,840 hours of recordkeeping each year, with an estimated annual cost of $39,000 in storage fees.