
[Federal Register Volume 84, Number 44 (Wednesday, March 6, 2019)]
[Notices]
[Page 8138]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-04007]



[[Page 8138]]

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SECURITIES AND EXCHANGE COMMISSION

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


Submission for OMB Review; 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:
    Rules 6a-1 and 6a-2, Form 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'') has submitted to the Office of Management 
and Budget (``OMB'') a request for approval of extension of the 
previously approved 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 (``Exchange Act'' or 
``Act'') (15 U.S.C. 78a et seq.).
    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 has met the criteria for registration (or an exemption from 
registration) set forth in Section 6 of the Exchange Act. The 
amendments and periodic updates of information submitted pursuant to 
Rule 6a-2 are necessary to assist the Commission in determining whether 
a national securities exchange or exempt exchange is continuing to 
operate in compliance with the Exchange Act.
    Initial filings on Form 1 by new exchanges are made on a one-time 
basis. The Commission estimates that it will receive approximately one 
initial Form 1 filing per year and that each respondent would incur an 
average burden of 880 hours to file an initial Form 1 at an average 
internal compliance cost per response of approximately $335,984. 
Therefore, the Commission estimates that the annual burden for all 
respondents to file the initial Form 1 would be 880 hours (one 
response/respondent x one respondent x 880 hours/response) and an 
internal compliance cost of $335,984 (one response/respondent x one 
respondent x $335,984/response).
    There currently are 21 entities registered as national securities 
exchanges. The Commission estimates that each registered or exempt 
exchange files nine amendments or periodic updates to Form 1 per year, 
incurring an average burden of 25 hours to comply with Rule 6a-2. The 
SEC estimates that the average internal compliance cost for a national 
securities exchange per response would be approximately $8,365. 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 
4,725 hours (21 respondents x 25 hours/response x 9 responses/
respondent per year) and an internal compliance cost of $1,580,985 (21 
respondents x $8,365/response x 9 responses/respondent per year).
    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.
    The public may view background documentation for this information 
collection at the following website: 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: 
Lindsay.M.Abate@omb.eop.gov; and (ii) Charles Riddle, Acting Director/
Chief Information Officer, Securities and Exchange Commission, c/o 
Candace Kenner, 100 F Street NE, Washington, DC 20549, or by sending an 
email to: PRA_Mailbox@sec.gov. Comments must be submitted to OMB within 
30 days of this notice.

    Dated: February 27, 2019.
Eduardo A. Aleman,
Deputy Secretary.
[FR Doc. 2019-04007 Filed 3-5-19; 8:45 am]
 BILLING CODE P


