Document ID: SEC-2020-0599-0001
Agency: sec
Document Type: Notice
Title: Agency Information Collection Activities; Proposals, Submissions, and Approvals
Posted Date: 2020-04-20T04:00Z

[Federal Register Volume 85, Number 76 (Monday, April 20, 2020)]
[Notices]
[Page 21910]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-08336]

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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 17a-22; SEC File No. 270-202, OMB Control No. 3235-0196

    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 17a-
22 (17 CFR 240.17a-22) under the Securities Exchange Act of 1934 
(``Exchange Act'') (15 U.S.C. 78a et seq.).
    Rule 17a-22 requires all registered clearing agencies to file with 
the Commission three copies of all materials they issue or make 
generally available to their participants or other entities with which 
they have a significant relationship, such as pledges, transfer agents, 
or self-regulatory organizations. Such materials include manuals, 
notices, circulars, bulletins, lists, and periodicals. The filings with 
the Commission must be made within ten days after the materials are 
issued or made generally available. When the Commission is not the 
clearing agency's appropriate regulatory agency, the clearing agency 
must file one copy of the material with its appropriate regulatory 
agency.
    The Commission is responsible for overseeing clearing agencies and 
uses the information filed pursuant to Rule 17a-22 to determine whether 
a clearing agency is implementing procedural or policy changes. The 
information filed aides the Commission in determining whether such 
changes are consistent with the purposes of Section 17A of the Exchange 
Act. Also, the Commission uses the information to determine whether a 
clearing agency has changed its rules without reporting the actual or 
prospective change to the Commission as required under Section 19(b) of 
the Exchange Act.
    The respondents to Rule 17a-22 are registered clearing agencies. 
The frequency of filings made by clearing agencies pursuant to Rule 
17a-22 varies but on average there are approximately 120 filings per 
year per active clearing agency. There are nine registered clearing 
agencies, but only seven active registered clearing agencies are 
expected to submit filings pursuant to the rule. The Commission staff 
estimates that each response requires approximately .25 hours (fifteen 
minutes), which represents the time it takes for a staff person at the 
clearing agency to properly identify a document subject to the rule, 
print and make copies, and mail that document to the Commission. Thus, 
the total annual burden for all active clearing agencies is 
approximately 210 hours (7 clearing agencies multiplied by 120 filings 
per clearing agency multiplied by .25).
    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: April 15, 2020.
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2020-08336 Filed 4-17-20; 8:45 am]
BILLING CODE 8011-01-P