Document ID: SEC-2016-0235-0001
Agency: sec
Document Type: Notice
Title: Agency Information Collection Activities; Proposals, Submissions, and Approvals
Posted Date: 2016-02-12T05:00Z

[Federal Register Volume 81, Number 29 (Friday, February 12, 2016)]
[Notices]
[Pages 7596-7597]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-02833]

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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:
    Rules 6a-1 and 6a-2, Form 1. SEC File No. 270-0017, OMB Control 
No. 3235-0017.

    Notice is hereby given that pursuant to the Paperwork Reduction Act 
of 1995 (44 U.S.C. 3501 et seq.) (``PRA''), 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 6a-1 
(17 CFR 240.6a-1), Rule 6a-2 (17 CFR 240.6a-2), and Form 1 (17 CFR 
249.1) under the Securities Exchange Act of 1934 (15 U.S.C. 78a et 
seq.) (``Exchange Act'' or Act'').
    The Exchange Act sets forth a regulatory scheme for national 
securities exchanges. Rule 6a-1 under the Act generally requires an 
applicant for initial registration as a national securities exchange to 
file an application with the Commission on

[[Page 7597]]

Form 1. An exchange that seeks an exemption from registration based on 
limited trading volume also must apply for such exemption on Form 1. 
Rule 6a-2 under the Act requires registered and exempt exchanges: (1) 
To amend the Form 1 if there are any material changes to the 
information provided in the initial Form 1; and (2) to submit periodic 
updates of certain information provided in the initial Form 1, whether 
such information has changed or not. The information required pursuant 
to Rules 6a-1 and 6a-2 is necessary to enable the Commission to 
maintain accurate files regarding the exchange and to exercise its 
statutory oversight functions. Without the information submitted 
pursuant to Rule 6a-1 on Form 1, the Commission would not be able to 
determine whether the respondent has met the criteria for registration 
(or an exemption from registration) set forth in Section 6 of the 
Exchange Act. The amendments and periodic updates of information 
submitted pursuant to Rule 6a-2 are necessary to assist the Commission 
in determining whether a national securities exchange or exempt 
exchange is continuing to operate in compliance with the Exchange Act.
    Initial filings on Form 1 by new exchanges are made on a one-time 
basis. The Commission estimates that it will receive approximately one 
initial Form 1 filing per year and that each respondent would incur an 
average burden of 880 hours to file an initial Form 1 at an average 
internal labor cost per response of approximately $302,694. Therefore, 
the Commission estimates that the annual burden for all respondents to 
file the initial Form 1 would be 880 hours (one response/respondent x 
one respondents x 880 hours/response) and an internal compliance cost 
of $302,694 (one response/respondent x one respondents x $302,694/
response).
    There currently are 18 entities registered as national securities 
exchanges. The Commission estimates that each registered or exempt 
exchange files nine amendments or periodic updates to Form 1 per year, 
incurring an average burden of 25 hours to comply with Rule 6a-2. The 
SEC estimates that the average internal labor cost for a national 
securities exchange per response would be approximately $9,445. The 
Commission estimates that the annual burden for all respondents to file 
amendments and periodic updates to the Form 1 pursuant to Rule 6a-2 is 
4,050 hours (18 respondents x 25 hours/response x nine responses/
respondent per year) and an internal compliance cost of $1,530,090 (18 
respondents x $9,445/response x nine responses/respondent 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: February 8, 2016.
Robert W. Errett,
Deputy Secretary.
[FR Doc. 2016-02833 Filed 2-11-16; 8:45 am]
 BILLING CODE 8011-01-P