Document ID: SEC-2016-2278-0001
Agency: sec
Document Type: Notice
Title: Agency Information Collection Activities; Proposals, Submissions, and Approvals
Posted Date: 2016-12-23T05:00Z

[Federal Register Volume 81, Number 247 (Friday, December 23, 2016)]
[Notices]
[Page 94475]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-30916]

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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 (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, as 
discussed below. The Code of Federal Regulation citation to this 
collection of information is 17 CFR 240.6a-4 and 17 CFR 249.10 under 
the Securities Exchange Act of 1934 (15 U.S.C. 78a et seq.) (the 
``Act'').
    Section 6 of the 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 for all 
respondents to provide ad hoc amendments \4\ to keep the Form 1-N 
accurate and up to date as required under Rule 6a-4 would be 60 hours 
(15 hours/respondent per year x 4 respondents \5\) and $400 of 
miscellaneous clerical expenses. The Commission estimates that the 
total annual burden for all respondents to provide annual and three-
year amendments \6\ under Rule 6a-4 would be 88 hours (22 hours/
respondent per year x 4 respondents) and $576 ($144 per year x 4 
respondents \7\). 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 would be 24 hours (6 hours/respondent 
per year x 4 respondents \9\) and $240 of miscellaneous clerical 
expenses. Thus, the Commission estimates the total annual burden for 
complying with Rule 6a-4 is 172 hours and $1216 in 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 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 send an email 
to: PRA_Mailbox@sec.gov. Comments must be submitted to OMB within 30 
days of this notice.

    Dated: December 13, 2016.
Robert W. Errett,
Deputy Secretary.
[FR Doc. 2016-30916 Filed 12-22-16; 8:45 am]
BILLING CODE 8011-01-P