Submission for OMB Review; Comment Request, 48917 [2013-19405]
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Federal Register / Vol. 78, No. 155 / Monday, August 12, 2013 / Notices
Number of Respondents: 30,000.
Estimated Time per Respondent: 30
minutes.
Total Burden Houses: 11,667 hours.
Elaine Kaplan,
Acting Director, U.S. Office of Personnel
Management.
[FR Doc. 2013–19472 Filed 8–9–13; 8:45 am]
BILLING CODE 6325–38–P
SECURITIES AND EXCHANGE
COMMISSION
Submission for OMB Review;
Comment Request
Upon Written Request, Copies Available
From: Securities and Exchange
Commission, Office of Investor
Education and Advocacy,
Washington, DC 20549–0213.
mstockstill on DSK4VPTVN1PROD with NOTICES
Extension:
Rule 31 and Form R31. SEC File No. 270–
537, OMB Control No. 3235–0597.
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
(‘‘Commission’’) has submitted to the
Office of Management and Budget
(‘‘OMB’’) a request for extension of the
previously approved collection of
information discussed below.
Section 31 of the Securities Exchange
Act of 1934 (15 U.S.C. 78ee.)
(‘‘Exchange Act’’) requires the
Commission to collect fees and
assessments from national securities
exchanges and national securities
associations (collectively, ‘‘selfregulatory organizations’’ or ‘‘SROs’’)
based on the volume of their securities
transactions. To collect the proper
amounts, the Commission adopted Rule
31 (17 CFR 240.31) and Form R31 (17
CFR 249.11) under the Exchange Act
whereby the SROs must report to the
Commission the volume of their
securities transaction and the
Commission, based on that data,
calculates the amount of fees and
assessments that the SROs owe pursuant
to Section 31. Rule 31 and Form R31
require the SROs to provide this data on
a monthly basis.
Currently, there are 22 respondents
under Rule 31: 17 national securities
exchanges, two security futures
exchanges, and one national securities
association subject to the collection of
information requirements of Rule 31;
there are additionally two registered
clearing agencies that are required to
provide certain data in their possession
needed by the SROs to complete Form
R31, although these two entities are not
themselves required to complete and
VerDate Mar<15>2010
14:51 Aug 09, 2013
Jkt 229001
submit Form R31. The Commission
estimates that the total burden for all 22
respondents is 378 hours per year. The
Commission notes that, based on
previous and current experience, it
estimates an additional two new
national securities exchanges will
become registered and subject to the
reporting requirements of Rule 31 over
the course of the authorization period
and incur burden of 12 hours per year.
Thus, the Commission estimates the
total burden for the existing and
expected new respondents to be 390
hours per year.
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.
The public may view background
documentation for this information
collection at the following Web site,
www.reginfo.gov. Comments should be
directed to: (i) Desk Officer for the
Securities and Exchange Commission,
Office of Information and Regulatory
Affairs, Office of Management and
Budget, Room 10102, New Executive
Office Building, Washington, DC 20503,
or by sending an email to:
Shagufta_Ahmed@omb.eop.gov; and (ii)
Thomas Bayer, Director/Chief
Information Officer, Securities and
Exchange Commission, c/o Remi PavlikSimon, 100 F Street NE., Washington,
DC 20549 or send an email to:
PRA_Mailbox@sec.gov. Comments must
be submitted to OMB within 30 days of
this notice.
Dated: August 6, 2013.
Kevin M. O’Neill,
Deputy Secretary.
[FR Doc. 2013–19405 Filed 8–9–13; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
Submission for OMB Review;
Comment Request
Upon Written Request, Copies Available
From: Securities and Exchange
Commission, Office of Investor
Education and Advocacy,
Washington, DC 20549–0213.
Extension:
Rule 19b–5 and Form PILOT; SEC File No.
270–448, OMB Control No. 3235–0507.
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
(‘‘Commission’’) has submitted to the
Office of Management and Budget
(‘‘OMB’’) a request for approval of
PO 00000
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Fmt 4703
Sfmt 4703
48917
extension of the previously approved
collection of information provided for in
Rule 19b–5 (17 CFR 240.19b–5) and
Form PILOT (17 CFR 249.821) under the
Securities Exchange Act of 1934, as
amended (‘‘Act’’) (15 U.S.C. 78a et seq.).
Rule 19b–5 provides a temporary
exemption from the rule-filing
requirements of Section 19(b) of the Act
(15 U.S.C. 78s(b)) to self-regulatory
organizations (‘‘SROs’’) wishing to
establish and operate pilot trading
systems. Rule 19b–5 permits an SRO to
develop a pilot trading system and to
begin operation of such system shortly
after submitting an initial report on
Form PILOT to the Commission. During
operation of any such pilot trading
system, the SRO must submit quarterly
reports of the system’s operation to the
Commission, as well as timely
amendments describing any material
changes to the system. After two years
of operating such pilot trading system
under the exemption afforded by Rule
19b–5, the SRO must submit a rule
filing pursuant to Section 19(b)(2) of the
Act (15 U.S.C. 78s(b)(2)) in order to
obtain permanent approval of the pilot
trading system from the Commission.
The collection of information is
designed to allow the Commission to
maintain an accurate record of all new
pilot trading systems operated by SROs
and to determine whether an SRO has
properly availed itself of the exemption
afforded by Rule 19b–5, is operating a
pilot trading system in compliance with
the Act, and is carrying out its statutory
oversight obligations under the Act.
The respondents to the collection of
information are national securities
exchanges and national securities
associations.
While there are 17 national securities
exchanges and national securities
associations that may avail themselves
of the exemption under Rule 19b–5 and
the use of Form PILOT, it is estimated
that approximately three respondents
will file a total of 3 initial reports (for
a 72 hour estimated annual burden), 12
quarterly reports (for a 36 hour
estimated annual burden), and 6
amendments (for an 18 hour estimated
annual burden) on Form PILOT per
year, with an estimated total annual
response burden of 126 hours. At an
average hourly cost of $350.07, the
aggregate related cost of compliance
with Rule 19b–5 for all respondents is
$44,109 per year (126 burden hours
multiplied by $350.07/hour = $44,109).
Although Rule 19b–5 does not in
itself impose recordkeeping burdens on
SROs, it relies on existing requirements
imposed by Rule 17a–1 under the Act
(17 CFR 240.17a–1) to require SROs to
retain all the rules and procedures
E:\FR\FM\12AUN1.SGM
12AUN1
]]>Agencies
[Federal Register Volume 78, Number 155 (Monday, August 12, 2013)]
[Notices]
[Page 48917]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-19405]
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SECURITIES AND EXCHANGE COMMISSION
Submission for OMB Review; Comment Request
Upon Written Request, Copies Available From: Securities and Exchange
Commission, Office of Investor Education and Advocacy, Washington, DC
20549-0213.
Extension:
Rule 31 and Form R31. SEC File No. 270-537, OMB Control No.
3235-0597.
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 (``Commission'') has submitted to the Office of Management
and Budget (``OMB'') a request for extension of the previously approved
collection of information discussed below.
Section 31 of the Securities Exchange Act of 1934 (15 U.S.C. 78ee.)
(``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 (17 CFR
240.31) and Form R31 (17 CFR 249.11) under the Exchange Act whereby the
SROs must report to the Commission the volume of their securities
transaction and the Commission, based on that data, calculates the
amount of fees and assessments that the SROs owe pursuant to Section
31. Rule 31 and Form R31 require the SROs to provide this data on a
monthly basis.
Currently, there are 22 respondents under Rule 31: 17 national
securities exchanges, two security futures exchanges, and one national
securities association subject to the collection of information
requirements of Rule 31; there are additionally two registered clearing
agencies that are required to provide certain data in their possession
needed by the SROs to complete Form R31, although these two entities
are not themselves required to complete and submit Form R31. The
Commission estimates that the total burden for all 22 respondents is
378 hours per year. The Commission notes that, based on previous and
current experience, it estimates an additional two new national
securities exchanges will become registered and subject to the
reporting requirements of Rule 31 over the course of the authorization
period and incur burden of 12 hours per year. Thus, the Commission
estimates the total burden for the existing and expected new
respondents to be 390 hours per year.
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.
The public may view background documentation for this information
collection at the following Web site, www.reginfo.gov. Comments should
be directed to: (i) Desk Officer for the Securities and Exchange
Commission, Office of Information and Regulatory Affairs, Office of
Management and Budget, Room 10102, New Executive Office Building,
Washington, DC 20503, or by sending an email to: Shagufta_Ahmed@omb.eop.gov; and (ii) Thomas Bayer, Director/Chief Information
Officer, Securities and Exchange Commission, c/o Remi Pavlik-Simon, 100
F Street NE., Washington, DC 20549 or send an email to: PRA_Mailbox@sec.gov. Comments must be submitted to OMB within 30 days of
this notice.
Dated: August 6, 2013.
Kevin M. O'Neill,
Deputy Secretary.
[FR Doc. 2013-19405 Filed 8-9-13; 8:45 am]
BILLING CODE 8011-01-P
