Notice2022-23101
Proposed Collection; Comment Request; Extension: Rule 6a-4, Form 1-N
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
October 25, 2022
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 87 Issue 205 (Tuesday, October 25, 2022)</title>
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[Federal Register Volume 87, Number 205 (Tuesday, October 25, 2022)]
[Notices]
[Pages 64525-64526]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-23101]
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SECURITIES AND EXCHANGE COMMISSION
[SEC File No. 270-496, OMB Control No. 3235-0554]
Proposed Collection; Comment Request; Extension: Rule 6a-4, Form
1-N
Upon Written Request, Copies Available From: Securities and Exchange
Commission, Office of FOIA Services,
[[Page 64526]]
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 collection of
information provided for in Rule 6a-4 and Form 1-N, summarized below.
The Commission plans to submit this existing collection of information
to the Office of Management and Budget for extension and approval. The
Code of Federal Regulation citation to this collection of information
is 17 CFR 240.6a-4 and 17 CFR 249.10 under the Securities Exchange Act
of 1934 (15 U.S.C. 78a et seq.) (the ``Act'').
Section 6 of the Act \1\ sets out a framework for the registration
and regulation of national securities exchanges. Under the Commodity
Futures Modernization Act of 2000, a futures market may trade security
futures products by registering as a national securities exchange. Rule
6a-4 \2\ sets forth these registration procedures and directs futures
markets to submit a notice registration on Form 1-N.\3\ Form 1-N calls
for information regarding how the futures market operates, its rules
and procedures, corporate governance, its criteria for membership, its
subsidiaries and affiliates, and the security futures products it
intends to trade. Rule 6a-4 also requires entities that have submitted
an initial Form 1-N to file: (1) amendments to Form 1-N in the event of
material changes to the information provided in the initial Form 1-N;
(2) periodic updates of certain information provided in the initial
Form 1-N; (3) certain information that is provided to the futures
market's members; and (4) a monthly report summarizing the futures
market's trading of security futures products. The information required
to be filed with the Commission pursuant to Rule 6a-4 is designed to
enable the Commission to carry out its statutorily mandated oversight
functions and to ensure that registered and exempt exchanges continue
to be in compliance with the Act.
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\1\ 15 U.S.C. 78f.
\2\ 17 CFR 240.6a-4.
\3\ 17 CFR 249.10.
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The respondents to the collection of information are futures
markets.
The Commission estimates that the total annual burden for all
respondents to provide periodic amendments to keep the Form 1-N
accurate and up to date as required under Rule 6a-4(b)(1) would be 30
hours (15 hours/respondent per year x 2 respondents) and $200 of
miscellaneous clerical expenses. The Commission estimates that the
total annual burden for all respondents to provide annual amendments
under Rule 6a-4(b)(3) would be 30 hours (15 hours/respondent/year x 2
respondents) and $200 of miscellaneous clerical expenses. The
Commission estimates that the total annual burden for all respondents
to provide three-year amendments under Rule 6a-4(b)(4) would be 14
hours (20 hours/respondent x 0.67 respondents per year) and $88 in
miscellaneous clerical expenses. The Commission estimates that the
total annual burden for the filing of the supplemental information and
the monthly reports required under Rule 6a-4(c) would be 12 hours (6
hours/respondent per year x 2 respondents) and $120 of miscellaneous
clerical expenses. Thus, the Commission estimates the total annual
burden for complying with Rule 6a-4 is 86 hours and $608 in
miscellaneous clerical expenses.
Compliance with Rule 6a-4 is mandatory. Information received in
response to Rule 6a-4 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 agency, including whether the information shall
have practical utility; (b) the accuracy of the agency's estimate of
the burden of the proposed collection of information; (c) ways to
enhance the quality, utility, and clarity of the information to be
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 December 27, 2022.
An agency may not conduct or sponsor, and a person is not required
to respond to, a collection of information 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#f0a0a2b1afbd91999c929f88b0839593de979f86"><span class="__cf_email__" data-cfemail="316163706e7c50585d535e49714254521f565e47">[email protected]</span></a>.
Dated: October 19, 2022.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2022-23101 Filed 10-24-22; 8:45 am]
BILLING CODE 8011-01-P
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