Proposed Collection; Comment Request; Extension: Amendments to the National Market System Plan Governing the Consolidated Audit Trail, 30361 [2023-09997]
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Federal Register / Vol. 88, No. 91 / Thursday, May 11, 2023 / Notices
SECURITIES AND EXCHANGE
COMMISSION
[SEC File No. 270–818, OMB Control No.
3235–0774]
Proposed Collection; Comment
Request; Extension: Amendments to
the National Market System Plan
Governing the Consolidated Audit Trail
ddrumheller on DSK120RN23PROD with NOTICES1
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 existing collection of information
provided for in connection with
amendments 1 adopted pursuant to the
statutory authority provided by the
Securities Exchange Act of 1934, 2
including sections 11A(a)(3)(B),3 17(a),4
19(b),5 and 23(a) 6 thereof, and pursuant
to Rule 608(a)(2) and (b)(2),7 to a
National Market System (NMS) Plan
filed with the Commission under Rule
613 (17 CFR 242.613), 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.
The amendments, as adopted,
required two new collections of
information:
a. Implementation Plan. The
amendments require the Participants,
within 30 calendar days following the
effective date of the amendments, to
prepare, file with the Commission, and
make publicly available on a website a
complete CAT implementation plan
(‘‘Implementation Plan’’) that includes a
detailed timeline for achieving various
implementation milestones.
b. Quarterly Progress Reports. The
amendments require the Participants,
within 30 calendar days after the end of
each calendar quarter, to prepare, file
with the Commission, and make
publicly available on a website a
complete report (the ‘‘Quarterly Progress
Report’’) that provides a detailed and
up-to-date description of the progress
made by the Participants toward each of
1 See
Securities Exchange Act Release No. 88890
(May 15, 2020), 85 FR 31322 (May 22, 2020) (File
No. S7–13–19) (‘‘Adopting Release’’).
2 See 15 U.S.C. 78a et seq.
3 See 15 U.S.C. 78k–1(a)(3)(B).
4 See 15 U.S.C. 78q(a).
5 See 15 U.S.C. 78s(b).
6 See 15 U.S.C. 78w(a).
7 See 17 CFR 242.608(a)(2), (b)(2).
VerDate Sep<11>2014
17:07 May 10, 2023
Jkt 259001
the milestones identified in the
Implementation Plan.
The one-time information collection
associated with the Implementation
Plan was completed by the Participants,
so there will be no further burdens
associated with the Implementation
Plan. The Quarterly Progress Report
information collection continues.
There are currently 25 Participants
who must complete four Quarterly
Progress Reports per year. The
Commission staff estimates that, on the
average, most Quarterly Progress
Reports require approximately 72 hours
per Participant, and cost approximately
$8,000 per Participant. The Commission
staff estimates Participants spend a total
of approximately 7,200 hours per year
(25 × 4 × 72) and $800,000 per year (25
× 4 × $8,000) complying with the rule.
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 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 by
July 10, 2023.
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: PRA_
Mailbox@sec.gov.
30361
Proposed Collection; Comment
Request; Extension: Rule 30e–1
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.) (‘‘Paperwork
Reduction Act’’), the Securities and
Exchange Commission (the
‘‘Commission’’) is soliciting comments
on the collection of information
summarized below. The Commission
plans to submit this existing collection
of information to the Office of
Management and Budget (‘‘OMB’’) for
extension and approval.
Rule 30e–1 (17 CFR 270.30e–1) under
the Investment Company Act of 1940
(15 U.S.C. 80a–1 et seq.) (‘‘Investment
Company Act’’) generally requires a
registered investment company (‘‘fund’’)
to transmit to its shareholders, at least
semi-annually, reports containing the
information that is required to be
included in such reports by the fund’s
registration statement form under the
Investment Company Act. The purpose
of the collection of information required
by rule 30e–1 is to provide fund
shareholders with current information
about the operation of their funds in
accordance with Section 30 of the
Investment Company Act.
Approximately 11,840 funds, respond
to rule 30e–1 annually.1 We estimate
that it takes approximately 147 hours to
comply with the collection of
information associated with rule 30e–1
per fund. This time is spent, for
example, preparing, reviewing, and
certifying the reports, as well as the
website availability requirements and
delivery of shareholder reports upon
request requirements. Accordingly, we
calculate the total estimated annual
internal burden of responding to rule
30e–1 to be approximately 1,738,428
hours (146.8 hours × 11,840 funds). In
addition to the burden hours, we
estimate that the total cost burden of
compliance with the information
collection requirements of rule 30e–1 is
approximately $13,105 per fund. This
includes, for example, the cost of goods
and services purchased to prepare,
comply with website availability
requirements, and deliver reports upon
request under the amendments to rule
30e–1, such as for the services of
independent auditors and outside
counsel. Accordingly, we calculate the
total external cost burden associated
with rule 30e–1 to be approximately
$155,164,791.
Estimates of average burden hours are
made solely for the purposes of the
Paperwork Reduction Act and are not
Upon Written Request, Copies Available
From: Securities and Exchange
1 Includes all open-end funds, including ETFs,
registered on Form N–1A.
Dated: May 5, 2023.
J. Matthew DeLesDernier,
Deputy Secretary.
[FR Doc. 2023–09997 Filed 5–10–23; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[SEC File No. 270–21, OMB Control No.
3235–0025]
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]]>Agencies
[Federal Register Volume 88, Number 91 (Thursday, May 11, 2023)]
[Notices]
[Page 30361]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-09997]
[[Page 30361]]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[SEC File No. 270-818, OMB Control No. 3235-0774]
Proposed Collection; Comment Request; Extension: Amendments to
the National Market System Plan Governing the Consolidated Audit Trail
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 existing
collection of information provided for in connection with amendments
\1\ adopted pursuant to the statutory authority provided by the
Securities Exchange Act of 1934, \2\ including sections
11A(a)(3)(B),\3\ 17(a),\4\ 19(b),\5\ and 23(a) \6\ thereof, and
pursuant to Rule 608(a)(2) and (b)(2),\7\ to a National Market System
(NMS) Plan filed with the Commission under Rule 613 (17 CFR 242.613),
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.
---------------------------------------------------------------------------
\1\ See Securities Exchange Act Release No. 88890 (May 15,
2020), 85 FR 31322 (May 22, 2020) (File No. S7-13-19) (``Adopting
Release'').
\2\ See 15 U.S.C. 78a et seq.
\3\ See 15 U.S.C. 78k-1(a)(3)(B).
\4\ See 15 U.S.C. 78q(a).
\5\ See 15 U.S.C. 78s(b).
\6\ See 15 U.S.C. 78w(a).
\7\ See 17 CFR 242.608(a)(2), (b)(2).
---------------------------------------------------------------------------
The amendments, as adopted, required two new collections of
information:
a. Implementation Plan. The amendments require the Participants,
within 30 calendar days following the effective date of the amendments,
to prepare, file with the Commission, and make publicly available on a
website a complete CAT implementation plan (``Implementation Plan'')
that includes a detailed timeline for achieving various implementation
milestones.
b. Quarterly Progress Reports. The amendments require the
Participants, within 30 calendar days after the end of each calendar
quarter, to prepare, file with the Commission, and make publicly
available on a website a complete report (the ``Quarterly Progress
Report'') that provides a detailed and up-to-date description of the
progress made by the Participants toward each of the milestones
identified in the Implementation Plan.
The one-time information collection associated with the
Implementation Plan was completed by the Participants, so there will be
no further burdens associated with the Implementation Plan. The
Quarterly Progress Report information collection continues.
There are currently 25 Participants who must complete four
Quarterly Progress Reports per year. The Commission staff estimates
that, on the average, most Quarterly Progress Reports require
approximately 72 hours per Participant, and cost approximately $8,000
per Participant. The Commission staff estimates Participants spend a
total of approximately 7,200 hours per year (25 x 4 x 72) and $800,000
per year (25 x 4 x $8,000) complying with the rule.
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
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 by
July 10, 2023.
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: May 5, 2023.
J. Matthew DeLesDernier,
Deputy Secretary.
[FR Doc. 2023-09997 Filed 5-10-23; 8:45 am]
BILLING CODE 8011-01-P
