Federal Register / Vol. 86, No. 109 / Wednesday, June 9, 2021 / Notices 30643 

suspend by order the unlisted trading 

privileges granted a security on a 

national securities exchange. Without 

the Rule, the Commission would be 

unable to fulfill these statutory 

responsibilities. 

The burden of complying with Rule 

12f–3 arises when a potential 

respondent, having a demonstrable bona 

fide interest in the question of 

termination or suspension of the 

unlisted trading privileges of a security, 

determines to seek such termination or 

suspension. The staff estimates that 

each such application to terminate or 

suspend unlisted trading privileges 

requires approximately one hour to 

complete. Thus each potential 

respondent would incur on average one 

burden hour in complying with the 

Rule. 

The Commission staff estimates that 

there could be as many as 18 responses 

annually for an aggregate burden for all 

respondents of 18 hours. Each 

respondent’s related internal cost of 

compliance for Rule 12f–3 would be 

$221.00, or, the cost of one hour of 

professional work of a paralegal needed 

to complete the application. The total 

annual internal cost of compliance for 

all potential respondents, therefore, is 

$3,978.00 (18 responses × $221.00/ 

response). 

Compliance with the application 

requirements of Rule 12f–3 is 

mandatory, though the filing of such 

applications is undertaken voluntarily. 

Rule 12f–3 does not have a record 

retention requirement per se. However, 

responses made pursuant to Rule 12f–3 

are subject to the recordkeeping 

requirements of Rules 17a–3 and 17a–4 

of the Act. Information received in 

response to Rule 12f–3 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. 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 Cynthia Roscoe, 100 F Street NE, 

Washington, DC 20549, or by sending an 

email to: PRA_Mailbox@sec.gov. 

Dated: June 4, 2021. 

J. Matthew DeLesDernier, 

Assistant Secretary. 

[FR Doc. 2021–12103 Filed 6–8–21; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[SEC File No. 270–428, OMB Control No. 

3235–0478] 

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 11a1–1(T) 

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 11a1–1(T) (17 CFR 240.11a1–1(T)), 

under the Securities Exchange Act of 

1934 (15 U.S.C. 78a et seq.) (‘‘Exchange 

Act’’). 

On January 27, 1976, the Commission 

adopted Rule 11a1–1(T) to exempt 

certain exempt transactions of exchange 

members for their own accounts that 

would otherwise be prohibited under 

Section 11(a) of the Exchange Act. The 

Rule provides that a member’s 

proprietary order may be executed on 

the exchange of which the trader is a 

member, if, among other things: (1) The 

member discloses that a bid or offer for 

its account is for its account to any 

member with whom such bid or offer is 

placed or to whom it is communicated; 

(2) any such member through whom 

that bid or offer is communicated 

discloses to others participating in 

effecting the order that it is for the 

account of a member; and (3) 

immediately before executing the order, 

a member (other than a specialist in 

such security) presenting any order for 

the account of a member on the 

exchange clearly announces or 

otherwise indicates to the specialist and 

to other members then present that he 

is presenting an order for the account of 

a member. 

Without these requirements, it would 

not be possible for the Commission to 

monitor its mandate under the Exchange 

Act to promote fair and orderly markets 

and ensure that exchange members 

have, as the principle purpose of their 

exchange memberships, the conduct of 

a public securities business. 

There are approximately 538 

respondents that require an aggregate 

total of approximately 15 hours to 

comply with this Rule. Each of these 

approximately 538 respondents makes 

an estimated 20 annual responses, for an 

aggregate of 10,760 responses per year. 

Each response takes approximately 5 

seconds to complete. Thus, the total 

compliance burden per year is 

approximately 15 hours (10,760 × 5 

seconds/60 seconds per minute/60 

minutes per hour = 15 hours). The 

approximate internal cost of compliance 

per hour is $355, resulting in a total 

internal cost of compliance of 

approximately $5,325 per year (15 hours 

@$355). 

Compliance with Rule 11a–1(T) is 

necessary for exchange members to 

make transactions for their own 

accounts under a specific exemption 

from the general prohibition of such 

transactions under Section 11(a) of the 

Exchange Act. Compliance with Rule 

11a–1(T) does not involve the collection 

of confidential information. Rule 11a– 

1(T) does not have a record retention 

requirement per se. However, responses 

made pursuant to Rule 11a–1(T) may be 

subject to the recordkeeping 

requirements of Rules 17a–3 and 17a–4. 

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 Cynthia Roscoe, 100 F Street NE, 

Washington, DC 20549, or by sending an 

email to: PRA_Mailbox@sec.gov. 

Dated: June 4, 2021. 

J. Matthew DeLesDernier, 

Assistant Secretary. 

[FR Doc. 2021–12102 Filed 6–8–21; 8:45 am] 

BILLING CODE 8011–01–P 


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