
[Federal Register Volume 78, Number 14 (Tuesday, January 22, 2013)]
[Notices]
[Pages 4479-4480]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-01111]


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SECURITIES AND EXCHANGE COMMISSION

[SEC File No. 270-0017, OMB Control No. 3235-0017]


Proposed Collection; Comment Request

Upon Written Request Copies Available From: Securities and Exchange 
Commission, Office of Investor Education and Advocacy, Washington, DC 
20549-0213.

Extension:
    Rules 6a-1 and 6a-2, Form 1.

    Notice is hereby given that pursuant to the Paperwork Reduction Act 
of 1995 (44 U.S.C. 3501 et seq.) (``PRA''), the Securities and Exchange 
Commission (``Commission'') is soliciting comments on the existing 
collection of information provided for in Rule 6a-1 (17 CFR 240.6a-1), 
Rule 6a-2 (17 CFR 240.6a-2), and Form 1 (17 CFR 249.1) under The 
Securities Exchange Act of 1934 (15 U.S.C. 78a et seq.) (``Exchange 
Act'' or Act''). The Commission plans to submit this existing 
collection of information to the Office of Management and Budget 
(``OMB'') for extension and approval.
    The Exchange Act sets forth a regulatory scheme for national 
securities exchanges. Rule 6a-1 under the Act generally requires an 
applicant for initial registration as a national securities exchange to 
file an application with the Commission on Form 1. An exchange that 
seeks an exemption from registration based on limited trading volume 
also must apply for such exemption on Form 1. Rule 6a-2 under the Act 
requires registered and exempt exchanges: (1) To amend the Form 1 if 
there are any material changes to the information provided in the 
initial Form 1; and (2) to submit periodic updates of certain 
information provided in the initial Form 1, whether such information 
has changed or not. The information required pursuant to Rules 6a-1 and 
6a-2 is necessary to enable the Commission to maintain accurate files 
regarding the exchange and to exercise its statutory oversight 
functions. Without the information submitted pursuant to Rule 6a-1 on 
Form 1, the Commission would not be able to determine whether the 
respondent met the criteria for registration or exemption set forth in 
Sections 6 and 19 of the Act. Without the amendments and periodic 
updates of information submitted pursuant to Rule 6a-2, the Commission 
would have substantial difficulty determining whether a national 
securities exchange or exempt exchange was continuing to operate in 
compliance with the Act.
    Initial filings on Form 1 by new exchanges are made on a one-time 
basis. The Commission estimates that it will receive approximately 
three initial Form 1 filings per year and that each respondent would 
incur an average burden of 47 hours to file an initial Form 1 at an 
average internal labor cost per response of approximately $13,105. 
Therefore, the Commission estimates that the annual burden for all 
respondents to file the initial Form 1 would be 141 hours (one 
response/respondent x three respondents x 47 hours/response) and an 
internal labor cost of $39,315 (one response/respondent x three 
respondents x $13,105/response).
    There currently are seventeen entities registered as national 
securities exchanges and two exempt exchanges, for a total of 19 
exchanges. The Commission estimates that each registered or exempt 
exchange files four amendments or periodic update to Form 1 per year, 
incurring an average burden of 25 hours to comply with Rule 6a-2. The 
Commission estimates that the annual burden for all respondents to file 
amendments and periodic updates to the Form 1 pursuant to Rule 6a-2 is 
1900 hours (19 respondents x 25 hours/response x four responses/
respondent per year) and an internal labor cost of $510,720 (19 
respondents x $6,720/response x four responses/respondent per year).
    Written comments are invited on: (a) Whether the proposed 
collection of information is necessary for the proper performance of 
the functions of the

[[Page 4480]]

Commission, including whether the information shall have practical 
utility; (b) the accuracy of the Commission's estimate 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.
    The Commission may not conduct or sponsor a collection of 
information unless it displays a currently valid OMB control number. No 
person shall be subject to any penalty for failing to comply with a 
collection of information subject to the PRA that does not display a 
valid OMB control number.
    Please direct your written comments to: Thomas Bayer, Director/
Chief Information Officer, Securities and Exchange Commission, c/o Remi 
Pavlik-Simon, 6432 General Green Way, Alexandria, Virginia 22312 or 
send an email to: PRA_Mailbox@sec.gov.

    Dated: January 15, 2013.
Kevin M. O'Neill,
Deputy Secretary.
[FR Doc. 2013-01111 Filed 1-18-13; 8:45 am]
BILLING CODE 8011-01-P


