Proposed Collection; Comment Request
| Published date | 02 March 2022 |
| Citation | 87 FR 11763 |
| Record Number | 2022-04386 |
| Section | Notices |
| Court | Securities And Exchange Commission |
Federal Register, Volume 87 Issue 41 (Wednesday, March 2, 2022)
[Federal Register Volume 87, Number 41 (Wednesday, March 2, 2022)]
[Notices]
[Page 11763]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-04386]
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SECURITIES AND EXCHANGE COMMISSION
[SEC File No. 270-247, OMB Control No. 3235-0259]
Proposed Collection; Comment Request
Upon Written Request, Copies Available From: Securities and Exchange
Commission, Office of FOIA Services, 100 F Street NE, Washington, DC
20549-2736
Extension:
Rule 19h-1
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 approximately 20 respondents will make
submissions pursuant to this Rule annually. With respect to submissions
for Rule 19h-1(a) notices, and based upon past submissions, the staff
estimates that respondents will make a total of 11 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 17,600
hours). With respect to submissions for Rule 19h-1(a)(4) notifications,
and based upon past submissions, the staff estimates that respondents
will make a total of 9 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 14,400 hours). With respect
to submissions for Rule 19h-1(b), and based upon past submissions, the
staff estimates that respondents will make a total of 28 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
7,280 hours). With respect to submissions for Rule 19h-1(d), and based
upon past submissions, the staff estimates that respondents will make a
total of 5 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 8,000 hours). The aggregate annual burden for all
respondents is thus approximately 47,280 hours (17,600 + 14,400 + 7,280
+ 8,000).
Written comments are invited on: (a) Whether the proposed
collection of information is necessary for the proper performance of
the functions of the Commission, including whether the information
shall have practical utility; (b) the accuracy of the Commission's
estimates of the burden of the proposed collection of information; (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
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 May 2, 2022.
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.
Please direct your written comments to: David Bottom, Director/
Chief Information Officer, Securities and Exchange Commission, c/o John
Pezzullo, 100 F Street NE, Washington, DC 20549, or send an email to:
[email protected].
Dated: February 25, 2022.
Jill M. Peterson,
Assistant Secretary.
[FR Doc. 2022-04386 Filed 3-1-22; 8:45 am]
BILLING CODE 8011-01-P
