Notice2022-17526
Proposed Collection; Comment Request; Extension: Rule 17a-1
Primary source
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Published
August 16, 2022
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 87 Issue 157 (Tuesday, August 16, 2022)</title>
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[Federal Register Volume 87, Number 157 (Tuesday, August 16, 2022)]
[Notices]
[Pages 50368-50369]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-17526]
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SECURITIES AND EXCHANGE COMMISSION
[SEC File No. 270-244, OMB Control No. 3235-0208]
Proposed Collection; Comment Request; Extension: Rule 17a-1
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 (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 17a-1 (17 CFR 240.17a-1)
under the Securities Exchange Act of 1934, as amended (the ``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.
Rule 17a-1 requires that every national securities exchange,
national securities association, registered clearing agency, and the
Municipal Securities Rulemaking Board keep on file for a period of not
less than five years, the first two years in an easily accessible
place, at least one copy of all documents, including all
correspondence, memoranda, papers, books, notices, accounts, and other
such records made or received by it in the course of its business as
such and in the conduct of its self-regulatory activity, and that such
documents be available for examination by the Commission.
There are 35 entities required to comply with the rule: 24 national
securities exchanges, 1 national securities association, 9 registered
clearing agencies, and the Municipal Securities Rulemaking Board. The
Commission staff estimates that the average number of hours necessary
for compliance with the requirements of Rule 17a-1 is 52 hours per
year. In addition, 4 national securities exchanges notice-registered
pursuant to
[[Page 50369]]
Section 6(g) of the Act (15 U.S.C. 78f(g)) are required to preserve
records of determinations made under Rule 3a55-1 under the Act (17 CFR
240.3a55-1), which the Commission staff estimates will take 1 hour per
exchange per year, for a total of 4 hours per year. Accordingly, the
Commission staff estimates that the total number of hours necessary to
comply with the requirements of Rule 17a-1 is 1,824 hours per year. The
total internal cost of compliance for all respondents is $142,272 per
year, based on an average cost per hour of $78.
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 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 in writing by October
17, 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#104042514f5d71797c727f68506375733e777f66"><span class="__cf_email__" data-cfemail="91c1c3d0cedcf0f8fdf3fee9d1e2f4f2bff6fee7">[email protected]</span></a>.
Dated: August 10, 2022.
J. Matthew DeLesDernier,
Deputy Secretary.
[FR Doc. 2022-17526 Filed 8-15-22; 8:45 am]
BILLING CODE 8011-01-P
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