Document ID: SEC-2019-1747-0001
Agency: sec
Document Type: Notice
Title: Agency Information Collection Activities; Proposals, Submissions, and Approvals
Posted Date: 2019-11-20T05:00Z

[Federal Register Volume 84, Number 224 (Wednesday, November 20, 2019)]
[Notices]
[Pages 64127-64128]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-25096]

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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 6a-4, Form 1-N, SEC File No. 270-496, OMB Control No. 3235-
0554

    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 6a-4 and Form 1-N (17 
CFR 240.6a-4 and 17 CFR 249.10) under the Securities Exchange Act of 
1934 (15 U.S.C. 78a et seq.) (``Exchange Act'').
    Section 6 of the Exchange Act \1\ sets out a framework for the 
registration and regulation of national securities exchanges. Under the 
Commodity Futures Modernization Act of 2000, a futures market may trade 
security futures products by registering as a national securities 
exchange. Rule 6a-4 \2\ sets forth these registration procedures and 
directs futures markets to submit a notice registration on Form 1-N.\3\ 
Form 1-N calls for information regarding how the futures market 
operates, its rules and procedures, corporate governance, its criteria 
for membership, its subsidiaries and affiliates, and the security 
futures products it intends to trade. Rule 6a-4 also requires entities 
that have submitted an initial Form 1-N to file: (1) Amendments to Form 
1-N in the event of material changes to the information provided in the 
initial Form 1-N; (2) periodic updates of certain information provided 
in the initial Form 1-N; (3) certain information that is provided to 
the futures market's members; and (4) a monthly report summarizing the 
futures market's trading of security futures products. The information 
required to be filed with the Commission pursuant to Rule 6a-4 is 
designed to enable the Commission to carry out its statutorily mandated 
oversight functions and to ensure that registered and exempt exchanges 
continue to be in compliance with the Act.
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    \1\ 15 U.S.C. 78f.
    \2\ 17 CFR 240.6a-4.
    \3\ 17 CFR 249.10.
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    The respondents to the collection of information are futures 
markets.
    The Commission estimates that the total annual burden of compliance 
with the requirements of Rule 6a-4 and Form 1-N is 171 hours per year 
and $1,216 per year, calculated as detailed below. The Commission 
estimates that the total annual burden for all respondents to provide 
periodic amendments \4\ to keep the Form 1-N accurate and up to date as 
required under Rule 6a-4(b)(1) would be 60 hours (15 hours/respondent 
per year x 4 respondents \5\ to provide annual amendments under Rule 
6a-4(b)(3) would be 60 hours (15 hours/respondent/year x 4 respondents) 
and $400 of miscellaneous clerical expenses. The Commission estimates 
that the total annual burden for all respondents to provide three-year 
amendments \6\ under Rule 6a-4(b)(4) would be 27 hours (20 hours/
respondent x 1.33 respondents per year) and $176 ($44 per year x 4

[[Page 64128]]

respondents \7\) in miscellaneous clerical expenses. The Commission 
estimates that the total annual burden for the filing of the 
supplemental information \8\ and the monthly reports required under 
Rule 6a-4(c) would be 24 hours (6 hours/respondent per year x 4 
respondents \9\) and $240 of miscellaneous clerical expenses.
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    \4\ 17 CFR 240.6a-4(b)(1).
    \5\ The Commission estimates that four exchanges will file 
amendments with the Commission in order to keep their Form 1-N 
current.
    \6\ 17 CFR 240.6a-4(b)(3) and (4).
    \7\ The Commission notes that while there are currently five 
Security Futures Product Exchanges, one of those exchanges, NQLX, is 
dormant.
    \8\ 17 CFR 240.6a-4(c)
    \9\ See supra footnote 7.
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    Compliance with Rule 6a-4 is mandatory. Information received in 
response to Rule 6a-4 shall not be kept confidential; the information 
collected is public information.
    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. 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: 
Lindsay.M.Abate@omb.eop.gov; and (ii) Charles Riddle, Acting Director/
Chief Information Officer, Securities and Exchange Commission, c/o 
Candace Kenner, 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: November 14, 2019.
Jill M. Peterson,
Assistant Secretary.
[FR Doc. 2019-25096 Filed 11-19-19; 8:45 am]
 BILLING CODE 8011-01-P