Notice2025-13718
Proposed Collection; Comment Request; Extension: Rule 19b-4(e)
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
July 22, 2025
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 90 Issue 138 (Tuesday, July 22, 2025)</title>
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[Federal Register Volume 90, Number 138 (Tuesday, July 22, 2025)]
[Notices]
[Pages 34536-34537]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2025-13718]
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SECURITIES AND EXCHANGE COMMISSION
[OMB Control No. 3235-0504]
Proposed Collection; Comment Request; Extension: Rule 19b-4(e)
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 (``SEC'' or ``Commission'') is soliciting comments on the
proposed collection of information.
Rule 19b-4(e), 17 CFR 240.19b-4(e), permits a self-regulatory
organization (``SRO'') to list and trade a new derivative securities
product without submitting a proposed rule change pursuant to Section
19(b) of the Act (15 U.S.C. 78s(b)), so long as such product meets the
criteria of Rule 19b-4(e) under the Act. However, in order for the
Commission to maintain an accurate record of all new derivative
securities products traded on the SROs, Rule 19b-4(e) requires an SRO
to publicly report certain information on its internet website using
the most recent versions of the XML schema and the associated PDF
renderer as published on the Commission's website for each new
derivative securities product within five business days of beginning to
trade such new derivative securities product. In addition, Rule 19b-
4(e) requires an SRO to maintain, on-site, that information for a
prescribed period of time.
This collection of information is designed to allow the Commission
to maintain an accurate record of all new derivative securities
products traded on the SROs that are not deemed to be proposed rule
changes and to determine whether an SRO has properly availed itself of
the permission granted by Rule 19b-4(e). The Commission reviews SRO
compliance with Rule 19b-4(e) through its routine inspections of the
SROs.
[[Page 34537]]
The respondents to the collection of information are SROs (as
defined by the Act), all of which are national securities exchanges. As
of July 15, 2025 there are twenty-eight entities registered as national
securities exchanges with the Commission. The Commission receives an
average total of 2,626 responses per year, which corresponds to an
estimated annual response burden of 2,626 hours. At an average hourly
cost of $72, the aggregate related internal cost of compliance with
Rule 19b-4(e) is $189,072 (2,626 burden hours multiplied by $72/hour).
Compliance with Rule 19b-4(e) is mandatory. Information received in
response to Rule 19b-4(e) shall not be kept confidential; the
information collected is public information.
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 SEC, including whether the information will have
practical utility; (b) the accuracy of the SEC'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 comments on this 60-Day Collection
Notice to Austin Gerig, Director/Chief Data Officer, Securities and
Exchange Commission, c/o Tanya Ruttenberg via email to
<a href="/cdn-cgi/l/email-protection#1646776673646179647d4473726375627f79785775625665737538717960"><span class="__cf_email__" data-cfemail="326253425740455d40596057564751465b5d5c735146724157511c555d44">[email protected]</span></a> by September 22, 2025. There will be a
second opportunity to comment on this SEC request following the Federal
Register publishing a 30-Day Submission Notice.
Dated: July 17, 2025.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2025-13718 Filed 7-21-25; 8:45 am]
BILLING CODE 8011-01-P
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