Notice2021-24134
Submission for OMB Review; Comment Request
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
November 5, 2021
Issuing agencies
Securities and Exchange Commission
Full Text
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[Federal Register Volume 86, Number 212 (Friday, November 5, 2021)]
[Notices]
[Page 61371]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2021-24134]
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SECURITIES AND EXCHANGE COMMISSION
[SEC File No. 270-433, OMB Control No. 3235-0489]
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 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'') 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 17a-6 (17 CFR 240.17a-6)
under the Securities Exchange Act of 1934 (15 U.S.C. 78a et seq.).
Rule 17a-6 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
such 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).
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: <a href="http://www.reginfo.gov">www.reginfo.gov</a>. 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 within 30 days of publication of this notice
to (i) <a href="http://www.reginfo.gov/public/do/PRAMain">www.reginfo.gov/public/do/PRAMain</a> and (ii) David Bottom,
Director/Chief Information Officer, Securities and Exchange Commission,
c/o John R. Pezzullo, 100 F Street NE, Washington, DC 20549, or by
sending an email to: <a href="/cdn-cgi/l/email-protection#66363427392b070f0a04091e2615030548010910"><span class="__cf_email__" data-cfemail="336361726c7e525a5f515c4b734056501d545c45">[email protected]</span></a>.
Dated: November 1, 2021.
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2021-24134 Filed 11-4-21; 8:45 am]
BILLING CODE 8011-01-P
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