Notice2022-23471
Submission for OMB Review; Comment Request; Extension: Rule 17a-1
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 28, 2022
Issuing agencies
Securities and Exchange Commission
Full Text
<html>
<head>
<title>Federal Register, Volume 87 Issue 208 (Friday, October 28, 2022)</title>
</head>
<body><pre>
[Federal Register Volume 87, Number 208 (Friday, October 28, 2022)]
[Notices]
[Pages 65265-65266]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-23471]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[SEC File No. 270-244, OMB Control No. 3235-0208]
Submission for OMB Review; 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'') 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 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.).
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 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.
Compliance with Rule 17a-1 is mandatory. Rule 17a-1 does not assure
confidentiality for the records maintained pursuant to the rule. The
records required by Rule 17a-1 are available only for examination by
the Commission staff, state securities authorities, and the self-
regulatory organizations. Subject to the provisions of the Freedom of
Information Act, 5 U.S.C. 522, and the Commission's rules thereunder
(17 CFR 200.80(b)(4)(iii)), the Commission does not generally publish
or make available information contained in any reports, summaries,
analyses, letters, or memoranda arising out of, in anticipation of, or
in connection with an examination or inspection of the books and
records of any person or any other investigation.
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.
[[Page 65266]]
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 November 28, 2022 to (i)
<a href="/cdn-cgi/l/email-protection#6e232c364021232c4021273c2f403d2b2d310a0b1d0531010808070d0b1c2e01030c400b011e40090118"><span class="__cf_email__" data-cfemail="460b041e68090b0468090f140768150305192223352d192920202f25233406292b246823293668212930">[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#0e5e5c4f51436f67626c61764e7d6b6d20696178"><span class="__cf_email__" data-cfemail="99c9cbd8c6d4f8f0f5fbf6e1d9eafcfab7fef6ef">[email protected]</span></a>.
Dated: October 24, 2022.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2022-23471 Filed 10-27-22; 8:45 am]
BILLING CODE 8011-01-P
</pre><script data-cfasync="false" src="/cdn-cgi/scripts/5c5dd728/cloudflare-static/email-decode.min.js"></script></body>
</html>Indexed from Federal Register on October 28, 2022.
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.