Document ID: SEC-2019-0715-0004
Agency: sec
Document Type: Notice
Title: Agency Information Collection Activities; Proposals, Submissions, and Approvals
Posted Date: 2022-08-12T04:00Z

[Federal Register Volume 87, Number 155 (Friday, August 12, 2022)]
[Notices]
[Page 49894]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-17308]

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SECURITIES AND EXCHANGE COMMISSION

[SEC File No. 270-447, OMB Control No. 3235-0504]

Submission for OMB Review; Comment Request: Extension; Rule 19b-
4(e) and Form 19b-4(e)

Upon Written Request, Copies Available From: Securities and Exchange 
Commission, Office of FOIA Services, 100 F Street NE, Washington, DC 
20549-2736

    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 approval of extension of 
the previously approved collection of information provided for in Rule 
19b-4(e) (17 CFR 240.19b-4(e)) under the Securities Exchange Act of 
1934 (15 U.S.C 78a et seq.) (the ``Act'').
    Rule 19b-4(e) permits a self-regulatory organization (``SRO'') to 
list and trade a new derivative securities product without submitting a 
proposed rule change pursuant to Section 19(b) of the Act (15 U.S.C. 
78s(b)), so long as such product meets the criteria of Rule 19b-4(e) 
under the Act. However, in order for the Commission to maintain an 
accurate record of all new derivative securities products traded on the 
SROs, Rule 19b-4(e) requires an SRO to file a summary form, Form 19b-
4(e), to notify the Commission when the SRO begins trading a new 
derivative securities product that is not required to be submitted as a 
proposed rule change to the Commission. Form 19b-4(e) should be 
submitted within five business days after an SRO begins trading a new 
derivative securities product that is not required to be submitted as a 
proposed rule change. In addition, Rule 19b-4(e) requires an SRO to 
maintain, on-site, a copy of Form 19b-4(e) for a prescribed period of 
time.
    This collection of information is designed to allow the Commission 
to maintain an accurate record of all new derivative securities 
products traded on the SROs that are not deemed to be proposed rule 
changes and to determine whether an SRO has properly availed itself of 
the permission granted by Rule 19b-4(e). The Commission reviews SRO 
compliance with Rule 19b-4(e) through its routine inspections of the 
SROs.
    The respondents to the collection of information are SROs (as 
defined by the Act), all of which are national securities exchanges. As 
of April 8, 2022 there were 24 entities registered as national 
securities exchanges with the Commission. The Commission receives an 
average total of 2,331 responses per year, which corresponds to an 
estimated annual hour burden of approximately 2,331 hours (2,331 
responses x 1 hour per response). At an average hourly cost of $72, the 
aggregate related internal cost of compliance for Rule 19b-4(e) is 
approximately $167,832 per year (2,331 burden hours multiplied by $72/
hour).
    Compliance with Rule 19b-4(e) is mandatory. Information received in 
response to Rule 19b-4(e) 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. 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 by September 12, 2022 to (i) www.reginfo.gov/public/do/PRAMain and (ii) David Bottom, Director/Chief Information 
Officer, Securities and Exchange Commission, c/o John Pezzullo, 100 F 
Street NE, Washington, DC 20549, or by sending an email to: 
[email protected].

    Dated: August 8, 2022.
J. Matthew DeLesDernier,
Deputy Secretary.
[FR Doc. 2022-17308 Filed 8-11-22; 8:45 am]
BILLING CODE 8011-01-P