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Federal Register / Vol. 72, No.

108 / Wednesday, June 6, 2007 / Notices 31355

update their policies and procedures SECURITIES AND EXCHANGE mail to;
under the rule each year. We estimate COMMISSION and
that 815 of these institutions are smaller (ii) R. Corey Booth, Director/Chief
entities that spend an average of 6 hours Submission for OMB Review; Information Officer, Securities and
reviewing and updating their policies Comment Request Exchange Commission, c/o Shirley
and procedures once per year, or 4,890 Upon Written Request; Copies Available Martinson, 6432 General Green Way,
hours annually. We estimate that an From: Securities and Exchange Alexandria, VA 22312; or send an e-
additional 1,265 larger institutions Commission, Office of Filings and mail to:
spend an average of 30 hours to review Information Services, Washington, DC Comments must be submitted to OMB
and update their safeguard policies and 20549. within 30 days of this notice.
procedures, or 37,950 hours each year. Extension: Form F–6; OMB Control No. Dated: May 30, 2007.
Accordingly, we estimate that the 3235–0292; SEC File No. 270–270. Florence E. Harmon,
annual burden for covered institutions Notice is hereby given that pursuant Deputy Secretary.
that review and update their safeguard to the Paperwork Reduction Act of 1995 [FR Doc. E7–10848 Filed 6–5–07; 8:45 am]
policies and procedures is 42,840 hours. (44 U.S.C. 3501 et seq.), the Securities BILLING CODE 8010–01–P
We therefore estimate a total of 2,529 and Exchange Commission
respondents and an annual burden of (‘‘Commission’’) has submitted to the
91,575 hours associated with the rule’s Office of Management and Budget this SECURITIES AND EXCHANGE
collection of information requirement. request for extension of the previously COMMISSION
These estimates of average burden approved collection of information
hours are made solely for the purposes discussed below. [Release No. 34–55837; File No. SR–Amex–
The Commission exercised its 2006–99]
of the Paperwork Reduction Act. An
authority under Section 19 of the
agency may not conduct or sponsor, and
Securities Act of 1933 (15 U.S.C. 77a et Self-Regulatory Organizations;
a person is not required to respond to seq.) to establish Form F–6 for American Stock Exchange LLC; Order
a collection of information unless it registration of American Depositary Granting Approval to Proposed Rule
displays a currently valid control Receipts (ADRs) of foreign companies. Change and Amendment No. 1 Thereto
number. The safeguard rule does not Form F–6 requires disclosure of Relating to Reverse Mergers and
require the reporting of any information information regarding the terms of the Shareholder Approval for Change of
or the filing of any documents with the depository bank, fees charged, and a Control Situations
Commission. The collection of description of the ADRs. No special
information required by the safeguard information regarding the foreign May 31, 2007.
rule is mandatory. company is required to be prepared or I. Introduction
Written comments are invited on: (a) disclosed, although the foreign company
must be one which periodically On October 5, 2006, the American
Whether the proposed collection of
furnishes information to the Stock Exchange LLC (‘‘Amex’’ or
information is necessary for the proper
Commission. The information is needed ‘‘Exchange’’) filed with the Securities
performance of the functions of the and Exchange Commission
to ensure that investors in ADRs have
agency, including whether the (‘‘Commission’’), pursuant to Section
full disclosure of information
information will have practical utility; concerning the deposit agreement and 19(b)(1) 1 of the Securities Exchange Act
(b) the accuracy of the agency’s estimate the foreign company. Form F–6 takes (‘‘Act’’), and Rule 19b–4 thereunder,2 a
of the burden of the collection of approximately 1 hour per response to proposed rule change relating to reverse
information; (c) ways to enhance the prepare and is filed by 150 respondents mergers. On February 14, 2007, the
quality, utility, and clarity of the annually. We estimate that 25% of the Exchange filed Amendment No. 1 to the
information collected; and (d) ways to 1 hour per response (.25 hours) is proposed rule change.3 The proposed
minimize the burden of the collection of prepared by the filer for a total annual rule change was published for comment
information on respondents, including reporting burden of 37.5 hours (.25 in the Federal Register on March 22,
through the use of automated collection hours per response × 150 responses). 2007.4 The Commission received no
techniques or other forms of information The information provided on Form F– comments on the proposed rule change.
technology. Consideration will be given 6 is mandatory to best ensure full This order approves the proposed rule
to comments and suggestions submitted disclosure of ADRs being issued in the change, as amended.
in writing within 60 days of this U.S. All information provided to the
publication. Commission is available for public 1 15 U.S.C. 78s(b)(1).
review upon request. 2 17 CFR 240.19b–4.
Please direct your written comments An agency may not conduct or 3 Amendment No. 1 makes revisions to the
to R. Corey Booth, Director/Chief sponsor, and a person is not required to proposed rule text, including revisions conforming
Information Officer, Securities and respond to, a collection of information the proposed rule text to a filing submitted by The
Exchange Commission, C/O Shirley NASDAQ Stock Market LLC (‘‘Nasdaq’’) and
unless it displays a currently valid approved by the Commission in the period
Martinson, 6432 General Green Way, control number. following submission of the original filing
Alexandria, Virginia 22312 or send an Written comments regarding the (Securities Exchange Act Release No. 55052
e-mail to: above information should be directed to (January 5, 2007), 72 FR 1569 (January 12, 2007)
(SR–NASDAQ–2006–047)) and revisions
Dated: May 30, 2007. the following persons: (i) Desk Officer incorporating an immediately effective filing
for the Securities and Exchange submitted by Amex in the same period (Securities
Florence E. Harmon,
jlentini on PROD1PC65 with NOTICES

Commission, Office of Information and Exchange Act Release No. 55096 (January 12, 2007),
Deputy Secretary. Regulatory Affairs, Office of 72 FR 2563 (January 19, 2007) (SR–Amex–2007–
[FR Doc. E7–10847 Filed 6–5–07; 8:45 am] 03)). Amendment No. 1 replaces and supersedes the
Management and Budget, Room 10102, original filing in its entirety.
BILLING CODE 8010–01–P New Executive Office Building, 4 See Securities Exchange Act Release No. 55477

Washington, DC 20503 or send an e- (Mar. 15, 2007), 72 FR 13542.

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