Document ID: SEC-2015-0459-0003
Agency: sec
Document Type: Notice
Title: Agency Information Collection Activities; Proposals, Submissions, and Approvals
Posted Date: 2021-11-05T04:00Z

[Federal Register Volume 86, Number 212 (Friday, November 5, 2021)]
[Notices]
[Page 61371]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-24134]

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SECURITIES AND EXCHANGE COMMISSION

[SEC File No. 270-433, OMB Control No. 3235-0489]

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-6

    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 extension of the previously approved 
collection of information provided for in Rule 17a-6 (17 CFR 240.17a-6) 
under the Securities Exchange Act of 1934 (15 U.S.C. 78a et seq.).
    Rule 17a-6 permits national securities exchanges, national 
securities associations, registered clearing agencies, and the 
Municipal Securities Rulemaking Board (``MSRB'') (collectively, 
``SROs'') to destroy or convert to microfilm or other recording media 
records maintained under Rule 17a-1, if they have filed a record 
destruction plan with the Commission and the Commission has declared 
such plan effective.
    There are currently 35 SROs: 24 national securities exchanges, 1 
national securities association, the MSRB, and 9 registered clearing 
agencies. Of the 35 SROs, only 2 SRO respondents have filed a record 
destruction plan with the Commission. The staff calculates that the 
preparation and filing of a new record destruction plan should take 160 
hours. Further, any existing SRO record destruction plans may require 
revision, over time, in response to, for example, changes in document 
retention technology, which the Commission estimates will take much 
less than the 160 hours estimated for a new plan. The Commission 
estimates that each SRO that has filed a destruction plan will spend 
approximately 30 hours per year making required revisions. Thus, the 
total annual time burden is estimated to be approximately 60 hours per 
year based on two respondents (30 x 2). The approximate internal 
compliance cost per hour is $428, resulting in a total internal cost of 
compliance for these respondents of approximately $25,680 per year (60 
hours at $428 per hour).
    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 R. Pezzullo, 100 F Street NE, Washington, DC 20549, or by 
sending an email to: [email protected].

    Dated: November 1, 2021.
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2021-24134 Filed 11-4-21; 8:45 am]
BILLING CODE 8011-01-P