Notice2022-12158
Proposed Collection; Comment Request; Extension: Rule 19b-4(e) and Form 19b-4(e)
Primary source
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Published
June 7, 2022
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 87 Issue 109 (Tuesday, June 7, 2022)</title>
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[Federal Register Volume 87, Number 109 (Tuesday, June 7, 2022)]
[Notices]
[Pages 34736-34737]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-12158]
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SECURITIES AND EXCHANGE COMMISSION
[SEC File No. 270-447, OMB Control No. 3235-0504]
Proposed Collection; Comment Request; Extension: Rule 19b-4(e)
and Form 19b-4(e)
Upon Written Request, Copies Available From: Securities and Exchange
Commission, Office of FOIA Services, 100 F Street, NE, Washington, DC
20549-2736.
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 19b-4(e) (17
CFR 240.19b-4(e)) under the Securities Exchange Act of 1934 (15 U.S.C.
78a et seq.) (the ``Act''). The Commission plans to submit this
existing collection of information to the Office of Management and
Budget (``OMB'') for extension and approval.
Rule 19b-4(e) permits a self-regulatory organization (``SRO'') to
list and trade a new derivative securities product without submitting a
proposed rule change pursuant to Section 19(b) of the Act (15 U.S.C.
78s(b)), so long as such product meets the criteria of Rule 19b-4(e)
under the Act. However, in order for the Commission to maintain an
accurate record of all new derivative securities products traded on the
SROs, Rule 19b-4(e) requires an SRO to file a summary form, Form 19b-
4(e), to notify the Commission when the SRO begins trading a new
derivative securities product that is not required to be submitted as a
proposed rule change to the Commission. Form 19b-4(e) should be
submitted within five business days after an SRO begins trading a new
derivative securities product that is not required to be submitted as a
proposed rule change. In addition, Rule 19b-4(e) requires an SRO to
maintain, on-site, a copy of Form 19b-4(e) for a prescribed period of
time.
This collection of information is designed to allow the Commission
to maintain an accurate record of all new derivative securities
products traded on the SROs that are not deemed to be proposed rule
changes and to determine whether an SRO has properly availed itself of
the permission granted by Rule 19b-4(e). The Commission reviews SRO
compliance with Rule 19b-4(e) through its routine inspections of the
SROs.
The respondents to the collection of information are SROs (as
defined by the Act), all of which are national securities
[[Page 34737]]
exchanges. As of April 8, 2022 there were 24 entities registered as
national securities exchanges with the Commission. The Commission
receives an average total of 2,331 responses per year, which
corresponds to an estimated annual hour burden of approximately 2,331
hours (2,331 responses x 1 hour per response). At an average hourly
cost of $72, the aggregate related internal cost of compliance for Rule
19b-4(e) is approximately $167,832 per year (2,331 burden hours
multiplied by $72/hour).
Compliance with Rule 19b-4(e) is mandatory. Information received in
response to Rule 19b-4(e) shall not be kept confidential; the
information collected is public information.
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 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 August 8, 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, Acting
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#0e5e5c4f51436f67626c61764e7d6b6d20696178"><span class="__cf_email__" data-cfemail="643436253b29050d08060b1c241701074a030b12">[email protected]</span></a>.
Dated: June 1, 2022.
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2022-12158 Filed 6-6-22; 8:45 am]
BILLING CODE 8011-01-P
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