Document ID: SEC-2010-1378-0001
Agency: sec
Document Type: Notice
Title: Agency Information Collection Activities; Proposals, Submissions, and Approvals
Posted Date: 2010-09-10T04:00Z

[Federal Register: September 10, 2010 (Volume 75, Number 175)]
[Notices]               
[Page 55370-55371]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr10se10-95]                         

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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 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'') has submitted to the Office of Management 
and Budget a request for approval of extension of the previously 
approved 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.).
    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 reflect 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).
    Compliance with Rule 6h-1 is mandatory. Any listing standards 
established pursuant to Rule 6h-1

[[Page 55371]]

would be filed with the Commission as proposed rule changes pursuant to 
Section 19(b) of the Act, and would be published in the Federal 
Register.
    An agency may not conduct or sponsor, and a person is not required 
to respond to, a collection of information unless it displays a 
currently valid control number.
    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 e-mail to: Shagufta_
Ahmed@omb.eop.gov; and (ii) Charles Boucher, Director/Chief Information 
Officer, Securities and Exchange Commission, c/o Remi Pavlik-Simon, 
6432 General Green Way, Alexandria, VA 22312 or send an e-mail to: 
PRA_Mailbox@sec.gov. Comments must be submitted within 30 days of this 
notice.

    Dated: September 7, 2010.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. 2010-22602 Filed 9-9-10; 8:45 am]
BILLING CODE 8010-01-P