Notice2023-04447
Submission for OMB Review; Comment Request; Extension: Rule 17a-22
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
March 3, 2023
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 88 Issue 42 (Friday, March 3, 2023)</title>
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[Federal Register Volume 88, Number 42 (Friday, March 3, 2023)]
[Notices]
[Pages 13486-13487]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-04447]
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SECURITIES AND EXCHANGE COMMISSION
[SEC File No. 270-202, OMB Control No. 3235-0196]
Submission for OMB Review; Comment Request; Extension: Rule 17a-
22
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 17a-
22 (17 CFR 240.17a-22) under the Securities Exchange Act of 1934
(``Exchange Act'') (15 U.S.C. 78a et seq.).
Rule 17a-22 requires all registered clearing agencies to file with
the Commission three copies of all materials
[[Page 13487]]
they issue or make generally available to their participants or other
entities with which they have a significant relationship, such as
pledges, transfer agents, or self-regulatory organizations. Such
materials include manuals, notices, circulars, bulletins, lists, and
periodicals. The filings with the Commission must be made within ten
days after the materials are issued or made generally available. When
the Commission is not the clearing agency's appropriate regulatory
agency, the clearing agency must file one copy of the material with its
appropriate regulatory agency.
The Commission is responsible for overseeing clearing agencies and
uses the information filed pursuant to Rule 17a-22 to determine whether
a clearing agency is implementing procedural or policy changes. The
information filed aides the Commission in determining whether such
changes are consistent with the purposes of section 17A of the Exchange
Act. Also, the Commission uses the information to determine whether a
clearing agency has changed its rules without reporting the actual or
prospective change to the Commission as required under section 19(b) of
the Exchange Act.
The respondents to Rule 17a-22 are registered clearing agencies.
The frequency of filings made by clearing agencies pursuant to Rule
17a-22 varies but on average there are approximately 120 filings per
year per active clearing agency. There are nine registered clearing
agencies, but only seven active registered clearing agencies are
expected to submit filings pursuant to the rule. The Commission staff
estimates that each response requires approximately .25 hours (fifteen
minutes), which represents the time it takes for a staff person at the
clearing agency to properly identify a document subject to the rule,
print and make copies, and mail that document to the Commission. Thus,
the total annual burden for all active clearing agencies is
approximately 210 hours (7 clearing agencies multiplied by 120 filings
per clearing agency multiplied by .25).
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 April 3, 2023 to (i)
<a href="/cdn-cgi/l/email-protection#632e213b4d2c2e214d2c2a31224d3026203c070610083c0c05050a000611230c0e014d060c134d040c15"><span class="__cf_email__" data-cfemail="df929d87f190929df190968d9ef18c9a9c80bbbaacb480b0b9b9b6bcbaad9fb0b2bdf1bab0aff1b8b0a9">[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#623230233d2f030b0e000d1a221107014c050d14"><span class="__cf_email__" data-cfemail="67373526382a060e0b05081f2714020449000811">[email protected]</span></a>.
Dated: February 28, 2023.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2023-04447 Filed 3-2-23; 8:45 am]
BILLING CODE 8011-01-P
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