Notice2025-03966
Proposed Collection; Comment Request; Extension: Rule 6h-1
Primary source
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Published
March 13, 2025
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 90 Issue 48 (Thursday, March 13, 2025)</title>
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[Federal Register Volume 90, Number 48 (Thursday, March 13, 2025)]
[Notices]
[Pages 12015-12016]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2025-03966]
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SECURITIES AND EXCHANGE COMMISSION
[OMB Control No. 3235-0555]
Proposed Collection; Comment Request; Extension: Rule 6h-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 6h-1 (17 CFR
240.6h-1) under the Securities Exchange Act of 1934 (``Act'') (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.
Section 6(h) of the Act (15 U.S.C. 78f(h)) requires national
securities exchanges and national securities associations that trade
security futures products to establish listing standards that, among
other things, require that: (i) trading in such products not be readily
susceptible to price manipulation; and (ii) the market on which the
security futures product trades has in place procedures to coordinate
trading halts with the listing market for the security or securities
underlying the security futures product. Rule 6h-1 implements these
statutory requirements and requires that (1) the final settlement price
for each cash-settled security futures product fairly reflects the
opening price of the underlying security or securities, and (2) the
exchanges and associations trading security futures products halt
trading in any security futures product for as long as trading in the
underlying security for trading of a security futures product based on
a single security, or trading in 50% or more of the underlying
securities for trading of a security futures product based on a narrow-
based security index, is halted on the listing market.
It is estimated that approximately 1 respondent will incur an
average burden of 10 hours per year to comply with this rule, for a
total burden of 10 hours per year. At an average internal cost per hour
of approximately $451, the resultant total internal cost of compliance
for the respondents is $4,510 per year (1 respondent x 10 hours/
respondent x $451/hour).
Compliance with Rule 6h-1 is mandatory. Any listing standards
established pursuant to Rule 6h-1 would be filed with the Commission as
proposed rule changes pursuant to Section 19(b) of the Act and would be
published in the Federal Register.
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
[[Page 12016]]
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 12, 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#104071607562677f627b427574657364797f7e517364506375733e777f66"><span class="__cf_email__" data-cfemail="603001100512170f120b320504150314090f0e210314201305034e070f16">[email protected]</span></a>.
Dated: March 7, 2025.
J. Matthew DeLesDernier,
Deputy Secretary.
[FR Doc. 2025-03966 Filed 3-12-25; 8:45 am]
BILLING CODE 8011-01-P
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