Document ID: SEC-2019-0544-0001
Agency: sec
Document Type: Notice
Title: Agency Information Collection Activities; Proposals, Submissions, and Approvals
Posted Date: 2019-04-22T04:00Z

[Federal Register Volume 84, Number 77 (Monday, April 22, 2019)]
[Notices]
[Pages 16738-16739]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-08034]

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SECURITIES AND EXCHANGE COMMISSION

Proposed Collection; 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 31 and Form R31, SEC File No. 270-537, OMB Control 
No. 3235-0597.

    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'') is soliciting comments on the 
existing collection of information provided for in Rule 31 (17 CFR 
240.31) and Form R31 (17 CFR 249.11) under the Securities Exchange Act 
of 1934 (15 U.S.C. 78ee) (``Exchange Act''). The Commission plans to 
submit this existing collection of information to the Office of 
Management and Budget (``OMB'') for extension and approval.
    Section 31 of the Exchange Act requires the Commission to collect 
fees and assessments from national securities exchanges and national 
securities associations (collectively, ``self-regulatory 
organizations'' or ``SROs'') based on the volume of their securities 
transactions. To collect the proper amounts, the Commission adopted 
Rule 31 and Form R31 under the Exchange Act whereby each SRO must 
report to the Commission the volume of its securities transactions and 
the Commission, based on those data, calculates the amount of fees and 
assessments that each SRO owes pursuant to Section 31. Rule 31 and Form 
R31 require each SRO to provide these data on a monthly basis.
    Currently, there are 26 respondents under Rule 31 that are subject 
to the

[[Page 16739]]

collection of information requirements of Rule 31: 22 National 
securities exchanges, one security futures exchange, one national 
securities association, and two registered clearing agencies that are 
required to provide certain data in their possession needed by the SROs 
to complete Form R31, although these two clearing agencies are not 
themselves required to complete and submit Form R31. The Commission 
estimates that the total burden for all 26 respondents is 390 hours per 
year. The Commission estimates that, based on previous and current 
experience, three additional national securities exchanges will become 
registered and subject to the reporting requirements of Rule 31 over 
the course of the authorization period and collectively incur a burden 
of 18 hours per year. Thus, the Commission estimates the total burden 
for the existing and expected new respondents to be 408 hours per year.
    Written comments are invited on: (a) Whether the proposed 
collection of information is necessary for the proper performance of 
the functions of the Commission, including whether the information 
shall have practical utility; (b) the accuracy of the Commission's 
estimate of the burden of the proposed collection of information; (c) 
ways to enhance the quality, utility, and clarity of the information to 
be collected; and (d) ways to minimize the burden of the collection of 
information on respondents, including through the use of automated 
collection techniques or other forms of information technology. 
Consideration will be given to comments and suggestions submitted in 
writing within 60 days of this publication.
    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.
    Please direct your written comments to: Charles Riddle, Acting 
Director/Chief Information Officer, Securities and Exchange Commission, 
c/o Candace Kenner, 100 F Street NE, Washington, DC 20549 or send an 
email to: [email protected].

    Dated: April 17, 2019.
Jill M. Peterson,
Assistant Secretary.
[FR Doc. 2019-08034 Filed 4-19-19; 8:45 am]
 BILLING CODE 8011-01-P