Proposed Collection; Comment Request

CourtSecurities And Exchange Commission
Citation87 FR 11763
Published date02 March 2022
Record Number2022-04386
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]
                -----------------------------------------------------------------------
                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
                

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