Notice2022-25097
Submission for OMB Review; Comment Request; Extension: Rule 6c-11
Primary source
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Published
November 18, 2022
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 87 Issue 222 (Friday, November 18, 2022)</title>
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[Federal Register Volume 87, Number 222 (Friday, November 18, 2022)]
[Notices]
[Page 69372]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-25097]
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SECURITIES AND EXCHANGE COMMISSION
[SEC File No. 270-814, OMB Control No. 3235-0764]
Submission for OMB Review; Comment Request; Extension: Rule 6c-11
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 (the ``Commission'') has submitted to the Office of
Management and Budget a request for extension of the previously
approved collection of information discussed below.
Rule 6c-11 under the Investment Company Act of 1940 (the ``Act'')
permits exchange-traded funds (``ETFs'') that satisfy certain
conditions to operate without first obtaining an exemptive order from
the Commission. The rule was designed to create a consistent,
transparent, and efficient regulatory framework for ETFs and facilitate
greater competition and innovation among ETFs. Rule 6c-11 requires an
ETF to disclose certain information on its website, to maintain certain
records, and to adopt and implement written policies and procedures
governing its constructions of baskets, as well as written policies and
procedures that set forth detailed parameters for the construction and
acceptance of custom baskets that are in the best interests of the ETF
and its shareholders.
We estimate that the total hour burdens and time costs associated
with rule 6c-11, including the burden associated with reviewing and
updating website disclosures, recordkeeping, and reviewing and updating
policies and procedures, will result in an average aggregate annual
burden of 51,156 hours and an average aggregate time cost of
$1,248,912.
The requirements of this collection of information are mandatory.
If information collected pursuant to rule 6c-11 is reviewed by the
Commission's examination staff, it will be accorded the same level of
confidentiality accorded to other responses provided to the Commission
in the context of its examination and oversight program.
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 within 30 days of publication of this notice
by December 19, 2022 to (i) <a href="/cdn-cgi/l/email-protection#6f222d374120222d4120263d2e413c2a2c300b0a1c0430000909060c0a1d2f00020d410a001f41080019"><span class="__cf_email__" data-cfemail="175a554f39585a5539585e455639445254487372647c487871717e74726557787a753972786739707861">[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#f7a7a5b6a8ba969e9b95988fb7849294d9909881"><span class="__cf_email__" data-cfemail="1f4f4d5e40527e76737d70675f6c7a7c31787069">[email protected]</span></a>.
Dated: November 14, 2022.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2022-25097 Filed 11-17-22; 8:45 am]
BILLING CODE 8011-01-P
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