[Federal Register Volume 84, Number 224 (Wednesday, November 20, 2019)]
[Notices]
[Pages 64127-64128]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-25096]
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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 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'') has submitted to the Office of Management
and Budget (``OMB'') a request for extension of the previously approved
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'').
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 \4\ 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 \5\ to provide annual amendments under Rule
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 \6\ 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
[[Page 64128]]
respondents \7\) in miscellaneous clerical expenses. The Commission
estimates that the total annual burden for the filing of the
supplemental information \8\ and the monthly reports required under
Rule 6a-4(c) would be 24 hours (6 hours/respondent per year x 4
respondents \9\) and $240 of miscellaneous clerical expenses.
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\4\ 17 CFR 240.6a-4(b)(1).
\5\ The Commission estimates that four exchanges will file
amendments with the Commission in order to keep their Form 1-N
current.
\6\ 17 CFR 240.6a-4(b)(3) and (4).
\7\ The Commission notes that while there are currently five
Security Futures Product Exchanges, one of those exchanges, NQLX, is
dormant.
\8\ 17 CFR 240.6a-4(c)
\9\ See supra footnote 7.
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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.
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 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: November 14, 2019.
Jill M. Peterson,
Assistant Secretary.
[FR Doc. 2019-25096 Filed 11-19-19; 8:45 am]
BILLING CODE 8011-01-P