[Federal Register Volume 84, Number 77 (Monday, April 22, 2019)]
[Notices]
[Pages 16738-16739]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-08034]
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SECURITIES AND EXCHANGE COMMISSION
Proposed Collection; Comment Request
Upon Written Request, Copies Available From: Securities and Exchange
Commission, Office of FOIA Services, 100 F Street NE, Washington, DC
20549-2736.
Extension: Rule 31 and Form R31, SEC File No. 270-537, OMB Control
No. 3235-0597.
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'') is soliciting comments on the
existing collection of information provided for in Rule 31 (17 CFR
240.31) and Form R31 (17 CFR 249.11) under the Securities Exchange Act
of 1934 (15 U.S.C. 78ee) (``Exchange Act''). The Commission plans to
submit this existing collection of information to the Office of
Management and Budget (``OMB'') for extension and approval.
Section 31 of the Exchange Act requires the Commission to collect
fees and assessments from national securities exchanges and national
securities associations (collectively, ``self-regulatory
organizations'' or ``SROs'') based on the volume of their securities
transactions. To collect the proper amounts, the Commission adopted
Rule 31 and Form R31 under the Exchange Act whereby each SRO must
report to the Commission the volume of its securities transactions and
the Commission, based on those data, calculates the amount of fees and
assessments that each SRO owes pursuant to Section 31. Rule 31 and Form
R31 require each SRO to provide these data on a monthly basis.
Currently, there are 26 respondents under Rule 31 that are subject
to the
[[Page 16739]]
collection of information requirements of Rule 31: 22 National
securities exchanges, one security futures exchange, one national
securities association, and two registered clearing agencies that are
required to provide certain data in their possession needed by the SROs
to complete Form R31, although these two clearing agencies are not
themselves required to complete and submit Form R31. The Commission
estimates that the total burden for all 26 respondents is 390 hours per
year. The Commission estimates that, based on previous and current
experience, three additional national securities exchanges will become
registered and subject to the reporting requirements of Rule 31 over
the course of the authorization period and collectively incur a burden
of 18 hours per year. Thus, the Commission estimates the total burden
for the existing and expected new respondents to be 408 hours per year.
Written comments are invited on: (a) Whether the proposed
collection of information is necessary for the proper performance of
the functions of the Commission, including whether the information
shall have practical utility; (b) the accuracy of the Commission's
estimate of the burden of the proposed collection of information; (c)
ways to enhance the quality, utility, and clarity of the information to
be collected; and (d) ways to minimize the burden of the collection of
information on respondents, including through the use of automated
collection techniques or other forms of information technology.
Consideration will be given to comments and suggestions submitted in
writing within 60 days of this publication.
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.
Please direct your written comments to: Charles Riddle, Acting
Director/Chief Information Officer, Securities and Exchange Commission,
c/o Candace Kenner, 100 F Street NE, Washington, DC 20549 or send an
email to: [email protected].
Dated: April 17, 2019.
Jill M. Peterson,
Assistant Secretary.
[FR Doc. 2019-08034 Filed 4-19-19; 8:45 am]
BILLING CODE 8011-01-P