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28730 Federal Register / Vol. 72, No.

98 / Tuesday, May 22, 2007 / Notices

2. Docket No. R2006–1—reconsideration alternative trading systems are also Commission, c/o Shirley Martinson,
of Standard Mail recommendation. required to preserve records of any 6432 General Green Way, Alexandria,
CONTACT PERSON FOR MORE INFORMATION: notices communicated to subscribers, a VA 22312 or send an e-mail to:
Stephen L. Sharfman, General Counsel, copy of the system’s standards for PRA_Mailbox@sec.gov. Comments must
Postal Regulatory Commission, 901 New granting access to trading and any be submitted within 60 days of this
York Avenue, NW., Suite 200, documents generated in the course of notice.
Washington, DC 20268–0001, 202–789– complying with the capacity, integrity Dated: May 16, 2007.
6818. and security requirements for automated J. Lynn Taylor,
Dated: May 17, 2007.
systems under Rule 301(b)(6) of
Assistant Secretary.
Regulation ATS. Rule 303 also describes
Steven W. Williams, [FR Doc. E7–9806 Filed 5–21–07; 8:45 am]
how such records must be kept and how
Secretary. long they must be preserved. BILLING CODE 8010–01–P
[FR Doc. 07–2556 Filed 5–17–07; 4:49 pm] The information contained in the
BILLING CODE 7710–FW–M records required to be preserved by the
Rule will be used by examiners and SECURITIES AND EXCHANGE
other representatives of the COMMISSION
SECURITIES AND EXCHANGE Commission, state securities regulatory Proposed Collection; Comment
COMMISSION authorities, and the SROs to ensure that Request
alternative trading systems are in
Proposed Collection; Comment compliance with Regulation ATS as Upon written request, copies available
Request well as other rules and regulations of from: Securities and Exchange
Upon written request, copies available the Commission and the SROs. Without Commission, Office of Filings and
from: Securities and Exchange the data required by the proposed Rule, Information Services, Washington, DC
Commission, Office of Filings and the Commission would be severely 20549.
limited in its ability to comply with its Extension:
Information Services, Washington, DC Rule 301 and Forms ATS and ATS–R, SEC
20549. statutory obligations, provide for the
File No. 270–451, OMB Control No.
protection of investors and promote the
Extension: 3235–0509.
maintenance of fair and orderly markets.
Rule 303, SEC File No. 270–450, OMB Notice is hereby given that pursuant
Respondents consist of alternative
Control No. 3235–0505.
trading systems that choose to register to the Paperwork Reduction Act of 1995
Notice is hereby given that pursuant as broker-dealers and comply with the (44 U.S.C. 3501 et seq.), the Securities
to the Paperwork Reduction Act of 1995 requirements of Regulation ATS. The and Exchange Commission
(44 U.S.C. 3501 et seq.), the Commission Commission estimates that there are (‘‘Commission’’) is soliciting comments
(‘‘Commission’’) is soliciting comments currently approximately 65 on the collection of information
on the collection of information respondents. summarized below. The Commission
summarized below. The Commission An estimated 65 respondents will plans to submit this existing collection
plans to submit this existing collection spend approximately 260 hours per year of information to the Office of
of information to the Office of (65 respondents at 4 burden hours/ Management and Budget for extension
Management and Budget for extension respondent) to comply with the record and approval.
and approval. preservation requirements of Rule 303. Regulation ATS (17 CFR 242.300 et
Regulation ATS (17 CFR 242.300 et At an average cost per burden hour of seq.) under the Securities Exchange Act
seq.) under the Securities Exchange Act $86.54, the resultant total related cost of of 1934 (15 U.S.C. 78a et seq.) provides
of 1934 (15 U.S.C. 78a et seq.) provides compliance for these respondents is a regulatory structure that directly
a regulatory structure that directly $22,500.00 per year (260 burden hours addresses issues related to alternative
addresses issues related to alternative multiplied by $86.54/hour; a slight trading systems’ role in the marketplace.
trading systems’ role in the marketplace. discrepancy is due to arithmetic Regulation ATS allows alternative
Regulation ATS allows alternative rounding). trading systems to choose between two
trading systems to choose between two Written comments are invited on: (a) regulatory structures. Alternative
regulatory structures. Alternative Whether the proposed collection of trading systems have the choice
trading systems have the choice information is necessary for the proper between registering as broker-dealers
between registering as broker-dealers performance of the functions of the and complying with Regulation ATS or
and complying with Regulation ATS or agency, including whether the registering as national securities
registering as national securities information shall have practical utility; exchanges. Regulation ATS provides the
exchanges. Regulation ATS provides the (b) the accuracy of the agency’s estimate regulatory framework for those
regulatory framework for those of the burden of the proposed collection alternative trading systems that choose
alternative trading systems that choose of information; (c) ways to enhance the to be regulated as broker-dealers. Rule
to be regulated as broker-dealers. Rule quality, utility, and clarity of the 301 of Regulation ATS contains certain
303 of Regulation ATS describes the information collected; and (d) ways to notice and reporting requirements, as
record preservation requirements for minimize the burden of the collection of well as additional obligations that only
alternative trading systems that are not information on respondents, including apply to alternative trading systems
national securities exchanges. through the use of automated collection with significant volume. Rule 301
Alternative trading systems that techniques or other forms of information describes the conditions with which a
register as broker-dealers, comply with technology. Consideration will be given registered broker-dealer operating an
Regulation ATS, and meet certain to comments and suggestions submitted alternative trading system must comply.
jlentini on PROD1PC65 with NOTICES

volume thresholds are required to in writing within 60 days of this The Rule requires all alternative trading
preserve all records made pursuant to publication. systems that wish to comply with
Rule 302, which includes information Comments should be directed to R. Regulation ATS to file an initial
relating to subscribers, trading Corey Booth Director/Chief Information operation report on Form ATS. The
summaries and order information. Such Officer, Securities and Exchange initial operation report requires

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