Notice2022-17308
Submission for OMB Review; Comment Request: Extension; Rule 19b-4(e) and Form 19b-4(e)
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 12, 2022
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 87 Issue 155 (Friday, August 12, 2022)</title>
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[Federal Register Volume 87, Number 155 (Friday, August 12, 2022)]
[Notices]
[Page 49894]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-17308]
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SECURITIES AND EXCHANGE COMMISSION
[SEC File No. 270-447, OMB Control No. 3235-0504]
Submission for OMB Review; 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'') has submitted to the Office of
Management and Budget (``OMB'') a request for approval of extension of
the previously approved 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'').
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 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.
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 12, 2022 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 Pezzullo, 100 F
Street NE, Washington, DC 20549, or by sending an email to:
<a href="/cdn-cgi/l/email-protection#80d0d2c1dfcde1e9ece2eff8c0f3e5e3aee7eff6"><span class="__cf_email__" data-cfemail="217173607e6c40484d434e59615244420f464e57">[email protected]</span></a>.
Dated: August 8, 2022.
J. Matthew DeLesDernier,
Deputy Secretary.
[FR Doc. 2022-17308 Filed 8-11-22; 8:45 am]
BILLING CODE 8011-01-P
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