Notice2021-17153
Proposed Collection; Comment Request
Primary source
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Published
August 12, 2021
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 86 Issue 153 (Thursday, August 12, 2021)</title>
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[Federal Register Volume 86, Number 153 (Thursday, August 12, 2021)]
[Notices]
[Pages 44458-44459]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2021-17153]
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SECURITIES AND EXCHANGE COMMISSION
[SEC File No. 270-433, OMB Control No. 3235-0489]
Proposed Collection; 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 17a-6
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'') is soliciting comments on the collection of
information provided for in Rule 17a-6 (17 CFR 240.17a-6) under the
Securities Exchange Act of 1934 (15 U.S.C. 78a et seq.). The Commission
plans to submit this existing collection of information to
[[Page 44459]]
the Office of Management and Budget (``OMB'') for extension and
approval.
Rule 17a- permits national securities exchanges, national
securities associations, registered clearing agencies, and the
Municipal Securities Rulemaking Board (``MSRB'') (collectively,
``SROs'') to destroy or convert to microfilm or other recording media
records maintained under Rule 17a-1, if they have filed a record
destruction plan with the Commission and the Commission has declared
the plan effective.
There are currently 35 SROs: 24 national securities exchanges, 1
national securities association, the MSRB, and 9 registered clearing
agencies. Of the 35 SROs, only 2 SRO respondents have filed a record
destruction plan with the Commission. The staff calculates that the
preparation and filing of a new record destruction plan should take 160
hours. Further, any existing SRO record destruction plans may require
revision, over time, in response to, for example, changes in document
retention technology, which the Commission estimates will take much
less than the 160 hours estimated for a new plan. The Commission
estimates that each SRO that has filed a destruction plan will spend
approximately 30 hours per year making required revisions. Thus, the
total annual time burden is estimated to be approximately 60 hours per
year based on two respondents (30 x 2). The approximate internal
compliance cost per hour is $428, resulting in a total internal cost of
compliance for these respondents of approximately $25,680 per year (60
hours at $428 per hour).
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
estimates of the burden of the proposed collection of information; (c)
ways to enhance the quality, utility, and clarity of the information
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.
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.
Please direct your written comments to: David Bottom, Director/
Chief Information Officer, Securities and Exchange Commission, c/o
Cynthia Roscoe, 100 F Street NE, Washington, DC 20549, or send an email
to: <a href="/cdn-cgi/l/email-protection#17474556485a767e7b75786f5764727439707861"><span class="__cf_email__" data-cfemail="1d4d4f5c42507c74717f72655d6e787e337a726b">[email protected]</span></a>.
Dated: August 6, 2021.
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2021-17153 Filed 8-11-21; 8:45 am]
BILLING CODE 8011-01-P
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