Notice2022-09952
Proposed Collection; 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
May 10, 2022
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 87 Issue 90 (Tuesday, May 10, 2022)</title>
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[Federal Register Volume 87, Number 90 (Tuesday, May 10, 2022)]
[Notices]
[Page 28077]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-09952]
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SECURITIES AND EXCHANGE COMMISSION
[SEC File No. 270-497, OMB Control No. 3235-0555]
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 6h-1
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
existing collection of information provided for in Rule 6h-1 (17 CFR
240.6h-1) under the Securities Exchange Act of 1934 (``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
(``OMB'') 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 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 for trading of a security futures product based on
a single security, or trading in 50% or more of the underlying
securities for trading of a security futures product based on a narrow-
based security index, is halted on the listing market.
It is estimated that approximately 1 respondent will incur an
average burden of 10 hours per year to comply with this rule, for a
total burden of 10 hours. At an average internal cost per hour of
approximately $428, the resultant total internal cost of compliance for
the respondents is $4,280 per year (1 respondent x 10 hours/respondent
x $428/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 by
July 11, 2022.
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 John
Pezzullo, 100 F Street NE, Washington, DC 20549, or send an email to:
<a href="/cdn-cgi/l/email-protection#37676576687a565e5b55584f7744525419505841"><span class="__cf_email__" data-cfemail="faaaa8bba5b79b9396989582ba899f99d49d958c">[email protected]</span></a>.
Dated: May 4, 2022.
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2022-09952 Filed 5-9-22; 8:45 am]
BILLING CODE 8011-01-P
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