44480 Federal Register / Vol. 82, No. 183 / Friday, September 22, 2017 / Notices 

collection of information provided for in 

Rule 17Ab2–1 (17 CFR 240.17Ab2–1) 

and Form CA–1: Registration of Clearing 

Agencies (17 CFR 249b.200) under the 

Securities Exchange Act of 1934 

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

Rule 17Ab2–1 and Form CA–1 require 

clearing agencies to register with the 

Commission and to meet certain 

requirements with regard to, among 

other things, the clearing agency’s 

organization, capacities, and rules. The 

information is collected from the 

clearing agency upon the initial 

application for registration on Form 

CA–1. Thereafter, information is 

collected by amendment to the initial 

Form CA–1 when changes in 

circumstances that render certain 

information on Form CA–1 inaccurate, 

misleading, or incomplete necessitate 

modification of the information 

previously provided to the Commission. 

The Commission uses the information 

disclosed on Form CA–1 to (i) 

determine whether an applicant meets 

the standards for registration set forth in 

Section 17A of the Exchange Act, (ii) 

enforce compliance with the Exchange 

Act’s registration requirement, and (iii) 

provide information about specific 

registered clearing agencies for 

compliance and investigatory purposes. 

Without Rule 17Ab2–1, the Commission 

could not perform these duties as 

statutorily required. 

The Commission staff estimates that 

the average Form CA–1 requires 

approximately 130 hours to complete 

and submit for approval. This burden is 

composed primarily of a one-time 

reporting burden that reflects the 

applicant’s staff time (i.e. internal labor 

costs) to prepare and submit the Form 

to the Commission. This estimate 

includes the burden associated with 

filing amendments to Form CA–1, 

which is required when certain 

information contained in an applicant’s 

or registrant’s Form CA–1 becomes 

inaccurate, misleading, or incomplete. 

(The time burden related to preparing 

and submitting an amendment widely 

varies depending on the nature of the 

information that needs to be updated.) 

Since the Commission only receives an 

average of one submission per year, the 

aggregate annual burden associated with 

compliance with Rule 17Ab2–1 and 

Form CA–1 is 130 hours. The 

Commission staff estimates that 

compliance staff work at applicant or 

registrant clearing agencies to comply 

with Rule 17Ab2–1 and complete Form 

CA–1 will result in an internal cost of 

compliance, at an estimated hourly 

wage of $283, of $36,790 per year per 

clearing agency (130 hours × $283 per 

hour = $36,790 per year). Therefore, the 

aggregate annual internal cost of 

compliance for the approximately one 

clearing agency each year to comply 

with Rule 17Ab2–1 is also $36,790. The 

external costs associated with work on 

Form CA–1 include fees charged by 

outside lawyers and accountants to 

assist the applicant or registrant collect 

and prepare the information sought by 

the form (though such consultations are 

not required by the Commission) and 

are estimated to be approximately a total 

amount of $19,029 ($19,029 times one 

registrant per year). 

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 Web site: 

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: Shagufta_

Ahmed@omb.eop.gov; and (ii) Pamela 

Dyson, Director/Chief Information 

Officer, Securities and Exchange 

Commission, c/o Remi Pavlik-Simon, 

100 F Street NE., Washington, DC 

20549, or by sending an email to: PRA_

Mailbox@sec.gov. Comments must be 

submitted to OMB within 30 days of 

this notice. 

Dated: September 19, 2017. 

Eduardo A. Aleman, 

Assistant Secretary. 

[FR Doc. 2017–20216 Filed 9–21–17; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[SEC File No. 270–064, OMB Control No. 

3235–0067] 

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: 

Form S–11 

Notice is hereby given that, pursuant 

to the Paperwork Reduction Act of 1995 

(44 U.S.C. 3501 et seq.), the Securities 

and Exchange Commission 

(‘‘Commission’’) has submitted to the 

Office of Management and Budget this 

request for extension of the previously 

approved collection of information 

discussed below. 

Form S–11 (17 CFR 239.18) is the 

registration statement form used to 

register securities issued by real estate 

investment trusts or by issuers whose 

business is primarily that of acquiring 

and holding for investment interests in 

real estate under the Securities Act of 

1933 (15 U.S.C. 77a et seq.). The 

information filed with the Commission 

permits verification of compliance with 

securities law requirements and assures 

public availability and dissemination of 

such information. Information provided 

is mandatory. We estimate that Form S– 

11 takes approximately 779.04 hours per 

response and is filed by approximately 

64 issuers annually. In addition, we 

estimate that 25% of the 779.04 hours 

per response (194.76 hours) is prepared 

by the issuer for an annual reporting 

burden of 12,465 hours (194.76 hours 

per response × 64 responses). 

An agency may not conduct or 

sponsor, and a person is not required to 

respond to, a collection of information 

unless it displays a currently valid 

control number. 

The public may view the background 

documentation for this information 

collection at the following Web site, 

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: Shagufta_

Ahmed@omb.eop.gov; and (ii) Pamela 

Dyson, Director/Chief Information 

Officer, Securities and Exchange 

Commission, c/o Remi Pavlik-Simon, 

100 F Street NE., Washington, DC 20549 

or send an email to: PRA_Mailbox@

sec.gov. Comments must be submitted to 

OMB within 30 days of this notice. 

Dated: September 19, 2017. 

Eduardo A. Aleman, 

Assistant Secretary. 

[FR Doc. 2017–20220 Filed 9–21–17; 8:45 am] 

BILLING CODE 8011–01–P