Document ID: SEC-2022-1205-0002
Agency: sec
Document Type: Notice
Title: Agency Information Collection Activities; Proposals, Submissions, and Approvals
Posted Date: 2022-11-18T05:00Z

[Federal Register Volume 87, Number 222 (Friday, November 18, 2022)]
[Notices]
[Page 69372]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-25097]

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SECURITIES AND EXCHANGE COMMISSION

[SEC File No. 270-814, OMB Control No. 3235-0764]

Submission for OMB Review; Comment Request; Extension: Rule 6c-11

Upon Written Request, Copies Available From: Securities and Exchange 
Commission, Office of FOIA Services, 100 F Street NE, Washington, DC 
20549-2736

    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 (the ``Commission'') has submitted to the Office of 
Management and Budget a request for extension of the previously 
approved collection of information discussed below.
    Rule 6c-11 under the Investment Company Act of 1940 (the ``Act'') 
permits exchange-traded funds (``ETFs'') that satisfy certain 
conditions to operate without first obtaining an exemptive order from 
the Commission. The rule was designed to create a consistent, 
transparent, and efficient regulatory framework for ETFs and facilitate 
greater competition and innovation among ETFs. Rule 6c-11 requires an 
ETF to disclose certain information on its website, to maintain certain 
records, and to adopt and implement written policies and procedures 
governing its constructions of baskets, as well as written policies and 
procedures that set forth detailed parameters for the construction and 
acceptance of custom baskets that are in the best interests of the ETF 
and its shareholders.
    We estimate that the total hour burdens and time costs associated 
with rule 6c-11, including the burden associated with reviewing and 
updating website disclosures, recordkeeping, and reviewing and updating 
policies and procedures, will result in an average aggregate annual 
burden of 51,156 hours and an average aggregate time cost of 
$1,248,912.
    The requirements of this collection of information are mandatory. 
If information collected pursuant to rule 6c-11 is reviewed by the 
Commission's examination staff, it will be accorded the same level of 
confidentiality accorded to other responses provided to the Commission 
in the context of its examination and oversight program.
    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 
by December 19, 2022 to (i) [email protected] 
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: [email protected].

    Dated: November 14, 2022.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2022-25097 Filed 11-17-22; 8:45 am]
BILLING CODE 8011-01-P