[Federal Register Volume 84, Number 81 (Friday, April 26, 2019)]
[Notices]
[Pages 17901-17902]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-08469]
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SECURITIES AND EXCHANGE COMMISSION
Submission for OMB Review; 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 19h-1, SEC File No. 270-247, OMB Control No. 3235-0259
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'') has submitted to the Office of Management
and Budget (``OMB'') a request for approval of extension of the
previously approved collection of information provided for in Rule 19h-
1 (17 CFR 240.19h-1), under the Securities Exchange Act of 1934 (15
U.S.C. 78a et seq.).
Rule 19h-1 prescribes the form and content of notices and
applications by self-regulatory organizations (``SROs'') regarding
proposed admissions to, or continuances in, membership, participation
or association with a member of any person subject to a statutory
disqualification.
The Commission uses the information provided in the submissions
filed pursuant to Rule 19h-1 to review decisions by SROs to permit the
entry into or continuance in the securities business of persons who
have committed serious misconduct. The filings submitted pursuant to
the Rule also permit inclusion of an application to the Commission for
consent to associate with a member of an SRO notwithstanding a
Commission order barring such association.
The Commission reviews filings made pursuant to the Rule to
ascertain whether it is in the public interest to permit the employment
in the securities business of persons subject to statutory
disqualification. The filings contain information that is essential to
the staff's review and ultimate determination on whether an association
or employment is in the public interest and consistent with investor
protection.
It is estimated that approximately 20 respondents will make
submissions pursuant to this Rule annually. With respect to submissions
for Rule 19h-1(a) notices, and based upon past submissions, the staff
estimates that respondents will make a total of 11 submissions per
year. The staff estimates that the average number of hours necessary to
complete a submission pursuant to Rule 19h-1(a) notices is 80 hours
(for a total annual burden for all respondents in the amount of 17,600
hours). With respect to submissions for Rule 19h-1(a)(4) notifications,
and based upon past submissions, the staff estimates that respondents
will make a total of 9 submissions per year. The staff estimates that
the average number of hours necessary to complete a submission pursuant
to Rule 19h-1(a)(4) notifications is 80 hours (for a total annual
burden for all respondents in the amount of 14,400 hours). With respect
to submissions for Rule 19h-1(b), and based upon past submissions, the
staff estimates that respondents will make a total of 28 submissions
per year. The staff estimates that the average number of hours
necessary to complete a submission pursuant to Rule 19h-1(b) is 13
hours (for a total annual burden for all respondents in the amount of
7,280 hours). With respect to submissions for Rule 19h-1(d), and based
upon past submissions, the staff estimates that respondents will make a
total of 5 submissions per year. The staff estimates that the average
number of hours necessary to complete a submission pursuant to Rule
19h-1(d) is 80 hours (for a total annual burden for all respondents in
the amount of 8,000 hours). The aggregate annual burden for all
respondents is thus 47,280 hours (17,600 + 14,400 + 7,280 + 8,000).
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.
The public may view background documentation for this information
collection at the following website: www.reginfo.gov. Comments should
be directed to: (i) Desk Officer for the Securities and Exchange
Commission, Office of Information and Regulatory Affairs, Office of
Management and Budget, Room 10102, New Executive Office Building,
Washington, DC 20503, or by sending an email to:
[email protected]; and (ii) Charles Riddle, Acting Director/
Chief
[[Page 17902]]
Information Officer, Securities and Exchange Commission, c/o Candace
Kenner, 100 F Street NE, Washington, DC 20549, or by sending an email
to: [email protected]. Comments must be submitted to OMB within 30
days of this notice.
Dated: April 23, 2019.
Eduardo A. Aleman,
Deputy Secretary.
[FR Doc. 2019-08469 Filed 4-25-19; 8:45 am]
BILLING CODE 8011-01-P