Notice2025-03579
Proposed Collection; Comment Request; Extension: Rule 19h-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
March 6, 2025
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 90 Issue 43 (Thursday, March 6, 2025)</title>
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[Federal Register Volume 90, Number 43 (Thursday, March 6, 2025)]
[Notices]
[Pages 11443-11444]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2025-03579]
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SECURITIES AND EXCHANGE COMMISSION
[OMB Control No. 3235-0259]
Proposed Collection; Comment Request; Extension: Rule 19h-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 (``PRA'') (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 19h-1 (17 CFR 240.19h-
1), under the Securities Exchange Act of 1934 (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 19h-1 prescribes the form and content of notices and
applications by self-regulatory organizations (``SROs'') regarding
proposed admissions to, or continuances in, membership, participation,
or association with a member of any person subject to a statutory
disqualification.
The Commission uses the information provided in the submissions
filed pursuant to Rule 19h-1 to review decisions by SROs to permit the
entry into or continuance in the securities business of persons who
have committed serious misconduct. The filings submitted pursuant to
the Rule also permit inclusion of an application to the Commission for
consent to associate with a member of an SRO notwithstanding a
Commission order barring such association.
The Commission reviews filings made pursuant to the Rule to
ascertain whether it is in the public interest to permit the employment
in the securities business of persons subject to statutory
disqualification. The filings contain information that is essential to
the staff's review and ultimate determination on whether an association
or employment is in the public interest and consistent with investor
protection.
It is estimated that only one respondent will make submissions
pursuant to this Rule annually. With
[[Page 11444]]
respect to submissions for Rule 19h-1(a) notices, the staff estimates
that this respondent will make a total of 38 submissions per year. The
staff estimates that the average number of hours necessary to complete
a submission pursuant to Rule 19h-1(a) notices is 80 hours (for a total
annual burden for all respondents in the amount of 3,040 hours). With
respect to submissions for Rule 19h-1(a)(4) notifications, the staff
estimates that this respondent will make a total of 2 submissions per
year. The staff estimates that the average number of hours necessary to
complete a submission pursuant to Rule 19h-1(a)(4) notifications is 80
hours (for a total annual burden for all respondents in the amount of
160 hours). With respect to submissions for Rule 19h-1(b), the staff
estimates that this respondent will make a total of 40 submissions per
year. The staff estimates that the average number of hours necessary to
complete a submission pursuant to Rule 19h-1(b) is 13 hours (for a
total annual burden for all respondents in the amount of 520 hours).
With respect to submissions for Rule 19h-1(d), the staff estimates that
this respondent will make a total of 3 submissions per year. The staff
estimates that the average number of hours necessary to complete a
submission pursuant to Rule 19h-1(d) is 80 hours (for a total annual
burden for all respondents in the amount of 240 hours). The aggregate
annual burden for this respondent is thus approximately 3,960 hours
(3,040 + 160 + 520 + 240).
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.
Written comments are invited on: (a) whether this collection of
information is necessary for the proper performance of the functions of
the agency, including whether the information will have practical
utility; (b) the accuracy of the agency's estimate of the burden
imposed by the 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 within 60
days of this publication by May 5, 2025.
Please direct your written comment to Austin Gerig, Director/Chief
Data Officer, Securities and Exchange Commission, c/o Tanya Ruttenberg,
100 F Street NE, Washington, DC 20549 or send an email to:
<a href="/cdn-cgi/l/email-protection#114143504e5c70787d737e69516274723f767e67"><span class="__cf_email__" data-cfemail="c7979586988aa6aeaba5a8bf87b4a2a4e9a0a8b1">[email protected]</span></a>.
Dated: February 28, 2025.
J. Matthew DeLesDernier,
Deputy Secretary.
[FR Doc. 2025-03579 Filed 3-5-25; 8:45 am]
BILLING CODE 8011-01-P
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