Document ID: SEC-2010-1078-0001
Agency: sec
Document Type: Notice
Title: Agency Information Collection Activities; Proposals, Submissions, and Approvals
Posted Date: 2010-07-15T04:00Z

[Federal Register: July 15, 2010 (Volume 75, Number 135)]
[Notices]               
[Page 41247]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr15jy10-103]                         

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SECURITIES AND EXCHANGE COMMISSION

 
Proposed Collection; Comment Request

Upon Written Request, Copies Available From: Securities and Exchange 
Commission, Office of Investor Education and Advocacy, Washington, DC 
20549-0213.

Extension:
    Rule 6h-1; SEC File No. 270-497; OMB Control No. 3235-0555.

    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'') is soliciting comments on the existing 
collection of information provided for in Rule 6h-1 (17 CFR 240.6h-1) 
under the Securities Exchange Act of 1934, as amended (``Act'') (15 
U.S.C. 78a et seq.). The Commission plans to submit this existing 
collection of information to the Office of Management and Budget for 
extension and approval.
    Section 6(h) of the Act (15 U.S.C. 78f(h)) requires national 
securities exchanges and national securities associations that trade 
security futures products to establish listing standards that, among 
other things, require that: (i) Trading in such products not be readily 
susceptible to price manipulation; and (ii) the market on which the 
security futures product trades has in place procedures to coordinate 
trading halts with the listing market for the security or securities 
underlying the security futures product. Rule 6h-1 implements these 
statutory requirements and requires that (1) the final settlement price 
for each cash-settled security futures product fairly reflects the 
opening price of the underlying security or securities, and (2) the 
exchanges and associations trading security futures products halt 
trading in any security futures product for as long as trading in the 
underlying security, or trading in 50% of the underlying securities, is 
halted on the listing market.
    It is estimated that approximately 18 respondents, consisting of 14 
national securities exchanges and 4 national securities exchanges 
notice-registered pursuant to Section 6(g) of the Act (15 U.S.C. 
78f(g)), will incur an average burden of 10 hours per year to comply 
with this rule, for a total burden of 180 hours. At an average cost per 
hour of approximately $316, the resultant total cost of compliance for 
the respondents is $56,880 per year (18 respondents x 10 hours/
respondent x $316/hour = $56,880).
    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.
    Please direct your written comments to: Charles Boucher, Director/
Chief Information Officer, Securities and Exchange Commission, c/o 
Shirley Martinson, 6432 General Green Way, Alexandria, VA 22312 or send 
an e-mail to: PRA_Mailbox@sec.gov.

    Dated: July 8, 2010.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. 2010-17195 Filed 7-14-10; 8:45 am]
BILLING CODE 8010-01-P