[Federal Register Volume 84, Number 174 (Monday, September 9, 2019)]
[Notices]
[Pages 47336-47337]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-19374]
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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 6a-4, Form 1-N, SEC File No. 270-496, OMB Control No. 3235-
0554
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 collection of
information provided for in Rule 6a-4 and Form 1-N (17 CFR 240.6a-4 and
17 CFR 249.10) under the Securities Exchange Act of 1934 (15 U.S.C. 78a
et seq.) (``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 6 of the Exchange Act \1\ sets out a framework for the
registration and regulation of national securities exchanges. Under the
Commodity Futures Modernization Act of 2000, a futures market may trade
security futures products by registering as a national securities
exchange. Rule 6a-4 \2\ sets forth these registration procedures and
directs futures markets to submit a notice registration on Form 1-N.\3\
Form 1-N calls for information regarding how the futures market
operates, its rules and procedures, corporate governance, its criteria
for membership, its subsidiaries and affiliates, and the security
futures products it intends to trade. Rule 6a-4 also requires entities
that have submitted an initial Form 1-N to file: (1) Amendments to Form
1-N in the event of material changes to the information provided in the
initial Form 1-N; (2) periodic updates of certain information provided
in the initial Form 1-N; (3) certain information that is provided to
the futures market's members; and (4) a monthly report summarizing the
futures market's trading of security futures products. The information
required to be filed with the Commission pursuant to Rule 6a-4 is
designed to enable the Commission to carry out its statutorily mandated
oversight functions and to ensure that registered and exempt exchanges
continue to be in compliance with the Act.
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\1\ 15 U.S.C. 78f.
\2\ 17 CFR 240.6a-4.
\3\ 17 CFR 249.10.
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The respondents to the collection of information are futures
markets.
The Commission estimates that the total annual burden of compliance
with the requirements of Rule 6a-4 and Form 1-N is 171 hours per year
and $1,216 per year, calculated as detailed below. The Commission
estimates that the total annual burden for all respondents to provide
periodic amendments to keep the Form 1-N accurate and up to date as
required under Rule 6a-4(b)(1) would be 60 hours (15 hours/respondent
per year x 4 respondents) and $400 of miscellaneous clerical expenses.
The Commission estimates that the total annual burden for all
respondents to provide annual amendments under Rule
[[Page 47337]]
6a-4(b)(3) would be 60 hours (15 hours/respondent/year x 4 respondents)
and $400 of miscellaneous clerical expenses. The Commission estimates
that the total annual burden for all respondents to provide three-year
amendments under Rule 6a-4(b)(4) would be 27 hours (20 hours/respondent
x 1.33 respondents per year) and $176 ($44 per year x 4 respondents) in
miscellaneous clerical expenses. The Commission estimates that the
total annual burden for the filing of the supplemental information and
the monthly reports required under Rule 6a-4(c) would be 24 hours (6
hours/respondent per year x 4 respondents) and $240 of miscellaneous
clerical expenses.
Compliance with Rule 6a-4 is mandatory. Information received in
response to Rule 6a-4 shall not be kept confidential; the information
collected is public information.
Written comments are invited on: (a) Whether the proposed
collection of information is necessary for the proper performance of
the functions of the agency, including whether the information shall
have practical utility; (b) the accuracy of the agency'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: September 4, 2019.
Jill M. Peterson,
Assistant Secretary.
[FR Doc. 2019-19374 Filed 9-6-19; 8:45 am]
BILLING CODE 8011-01-P