Notice2022-16480
Submission for OMB Review; Comment Request: Extension: Rule 31 and Form R31
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
August 2, 2022
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 87 Issue 147 (Tuesday, August 2, 2022)</title>
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[Federal Register Volume 87, Number 147 (Tuesday, August 2, 2022)]
[Notices]
[Pages 47238-47239]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-16480]
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SECURITIES AND EXCHANGE COMMISSION
[SEC File No. 270-537, OMB Control No. 3235-0597]
Submission for OMB Review; Comment Request: Extension: Rule 31
and Form R31
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'') 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 31
(17 CFR 240.31) and Form R31 (17 CFR 249.11) under the Securities
Exchange Act of 1934 (15 U.S.C. 78ee) (``Exchange Act'').
Section 31 of the Exchange Act requires the Commission to collect
fees and assessments from national securities exchanges and national
securities associations (collectively, ``self-regulatory
organizations'' or ``SROs'') based on the volume of their securities
transactions. To collect the proper amounts, the Commission adopted
Rule 31 and Form R31 under the Exchange Act whereby each SRO must
report to the Commission the volume of its securities transactions and
the Commission, based on those data, calculates the amount of fees and
assessments that each SRO owes pursuant to Section 31. Rule 31 and Form
R31 require each SRO to provide these data on a monthly basis.
Currently, there are 27 respondents under Rule 31 that are subject
to the collection of information requirements of Rule 31: 24 national
securities exchanges, one national securities association, and two
registered clearing agencies that are required to provide certain data
in their possession needed by the SROs to complete Form R31, although
these two clearing agencies are not themselves required to complete and
submit Form R31.\1\ The Commission estimates that the total burden for
all 27 respondents is 432 hours per year. The Commission estimates
that, based on previous and current experience, three additional
national securities exchanges will become registered and subject to the
reporting requirements of Rule 31 over the course of the authorization
period and collectively incur a burden of 18 hours per year. Thus, the
Commission estimates the collective burden for all respondents
(existing and new added together) to be 450 hours per year. The SEC
does not believe that the 27 existing or 3 expected new respondents
will have to incur any capital or start-up costs, or any additional
operational or maintenance costs (other than as already discussed in
this paragraph), to comply with the collection of information
requirements imposed by Rule 31 and Form R31. The SEC estimates that
the average annual cost to the SEC of processing all of these filings
would be $20,307.48 (90.1 hours at an average of $225.39 per hour).
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\1\ Since the last renewal period, when there was one security
futures exchange that reported transactions, that exchanged has
ceased operation. Therefore, currently, no security futures
exchanges report any transaction in security futures on Form R31.
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[[Page 47239]]
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 by September 1, 2022 to (i)
><a href="/cdn-cgi/l/email-protection#024f405a2c4d4f402c4d4b50432c5147415d666771695d6d64646b616770426d6f602c676d722c656d74"><span class="__cf_email__" data-cfemail="266b647e08696b6408696f746708756365794243554d794940404f45435466494b440843495608414950">[email protected]</span></a>< and (ii) David Bottom,
Director/Chief Information Officer, Securities and Exchange Commission,
c/o John Pezzullo, 100 F Street NE, Washington, DC 20549, or by sending
an email to: <a href="/cdn-cgi/l/email-protection#702022312f3d11191c121f08300315135e171f06"><span class="__cf_email__" data-cfemail="a1f1f3e0feecc0c8cdc3ced9e1d2c4c28fc6ced7">[email protected]</span></a>.
Dated: July 27, 2022.
J. Matthew DeLesDernier,
Deputy Secretary.
[FR Doc. 2022-16480 Filed 8-1-22; 8:45 am]
BILLING CODE 8011-01-P
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