Notice2025-07972
Proposed Collection; Comment Request; Extension: Rule 31 and Form R31
Primary source
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Published
May 8, 2025
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 90 Issue 88 (Thursday, May 8, 2025)</title>
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[Federal Register Volume 90, Number 88 (Thursday, May 8, 2025)]
[Notices]
[Pages 19586-19587]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2025-07972]
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SECURITIES AND EXCHANGE COMMISSION
[OMB Control No. 3235-0597]
Proposed Collection; Comment Request; Extension: Rule 31 and Form
R31
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 proposed
collection of information provided for in Rule 31 (17 CFR 240.31) and
Form R31 (17 CFR 249.11), under the Securities Exchange Act of 1934
(``Exchange Act'') (15 U.S.C. 78a et seq.).
Section 31 of the Exchange Act requires the Commission to collect
fees and assessments from national securities exchanges and national
securities associations (collectively, ``self-regulatory
organizations'' or ``SROs'') based on the volume of their securities
transactions. To collect the proper amounts, the Commission adopted
Rule 31 and Form R31 under the Exchange Act whereby each SRO must
report to the Commission the volume of its securities transactions and
the Commission, based on those data, calculates the amount of fees and
assessments that each SRO owes pursuant to Section 31. Rule 31 and Form
R31 require each SRO to provide these data on a monthly basis.
Currently, there are 31 respondents under Rule 31 that are subject
to the collection of information requirements of Rule 31: 28 national
securities exchanges, 1 national securities association, and 2
registered clearing agencies that are required to provide certain data
in their possession needed by the SROs to complete Form R31, although
these 2 clearing agencies are not themselves required to complete and
submit Form R31. The Commission estimates that the total burden for all
31 respondents is 480 hours per year. The Commission estimates that,
based on previous and current experience, 3 additional national
securities exchanges will become registered and subject to the
reporting requirements of Rule 31 over the course of the authorization
period and collectively incur a burden of 18 hours per year. Thus, the
Commission estimates the collective burden for all respondents
(existing and new added together) to be 498 hours per
[[Page 19587]]
year. The Commission does not believe that the 31 existing or 3
expected new respondents will have to incur any capital or start-up
costs, or any additional operational or maintenance costs (other than
as already discussed in this paragraph), to comply with the collection
of information requirements imposed by Rule 31 and Form R31.
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 proposed
collection of information is necessary for the proper performance of
the functions of the Commission, including whether the information will
have practical utility; (b) the accuracy of the Commission's estimate
of the burden imposed by the proposed collection of information,
including the validity of the methodology and the assumptions used; (c)
ways to enhance the quality, utility, and clarity of the information to
be collected; and (d) ways to minimize the burden of the collection of
information on respondents, including through the use of automated,
electronic collection techniques or other forms of information
technology.
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 and send it by email to
<a href="/cdn-cgi/l/email-protection#d080b1a0b5a2a7bfa2bb82b5b4a5b3a4b9bfbe91b3a490a3b5b3feb7bfa6"><span class="__cf_email__" data-cfemail="e2b283928790958d9089b087869781968b8d8ca38196a2918781cc858d94">[email protected]</span></a> within 60 days of publication of this
notice, by July 7, 2025.
Dated: May 2, 2025.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2025-07972 Filed 5-7-25; 8:45 am]
BILLING CODE 8011-01-P
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