[Federal Register Volume 87, Number 90 (Tuesday, May 10, 2022)]
[Notices]
[Pages 28063-28064]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-09951]


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SECURITIES AND EXCHANGE COMMISSION

[SEC File No. 270-247, OMB Control No. 3235-0259]


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

    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.

[[Page 28064]]

    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 approximately 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. Find this 
particular information collection by selecting ``Currently under 30-day 
Review--Open for Public Comments'' or by using the search function. 
Written comments and recommendations for the proposed information 
collection should be sent within 30 days of publication of this notice 
to (i) www.reginfo.gov/public/do/PRAMain and (ii) David Bottom, 
Director/Chief Information Officer, Securities and Exchange Commission, 
c/o John Pezzullo, 100 F Street NE, Washington, DC 20549, or by sending 
an email to: <a href="/cdn-cgi/l/email-protection#ffafadbea0b29e96939d9087bf8c9a9cd1989089"><span class="__cf_email__" data-cfemail="1a4a485b45577b73767875625a697f79347d756c">[email protected]</span></a>.

    Dated: May 4, 2022.
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2022-09951 Filed 5-9-22; 8:45 am]
BILLING CODE 8011-01-P


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