
[Federal Register Volume 78, Number 118 (Wednesday, June 19, 2013)]
[Notices]
[Page 36797]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-14604]


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SECURITIES AND EXCHANGE COMMISSION


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:
    Rule 6a-4, Form 1-N; SEC File No. 270-496, OMB Control No. 3235-
0554

    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'') is soliciting comments on the collection of 
information provided for in in Rule 6a-4 and Form 1-N, summarized 
below. The Commission plans to submit this existing collection of 
information to the Office of Management and Budget for extension and 
approval. The Code of Federal Regulation citation to this collection of 
information is 17 CFR 240.6a-4 and 17 CFR 249.10 under the Securities 
Exchange Act of 1934 (15 U.S.C. 78a et seq.) (the ``Act'').
    Section 6 of the Act \1\ sets out a framework for the registration 
and regulation of national securities exchanges. Under the Commodity 
Futures Modernization Act of 2000, a futures market may trade security 
futures products by registering as a national securities exchange. Rule 
6a-4 \2\ sets forth these registration procedures and directs futures 
markets to submit a notice registration on Form 1-N.\3\ Form 1-N calls 
for information regarding how the futures market operates, its rules 
and procedures, corporate governance, its criteria for membership, its 
subsidiaries and affiliates, and the security futures products it 
intends to trade. Rule 6a-4 also requires entities that have submitted 
an initial Form 1-N to file: (1) Amendments to Form 1-N in the event of 
material changes to the information provided in the initial Form 1-N; 
(2) periodic updates of certain information provided in the initial 
Form 1-N; (3) certain information that is provided to the futures 
market's members; and (4) a monthly report summarizing the futures 
market's trading of security futures products. The information required 
to be filed with the Commission pursuant to Rule 6a-4 is designed to 
enable the Commission to carry out its statutorily mandated oversight 
functions and to ensure that registered and exempt exchanges continue 
to be in compliance with the Act.
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    \1\ 15 U.S.C. 78f.
    \2\ 17 CFR 240.6a-4.
    \3\ 17 CFR 249.10.
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    The respondents to the collection of information are futures 
markets.
    The Commission estimates that the total annual burden for all 
respondents to provide ad hoc amendments \4\ to keep the Form 1-N 
accurate and up to date as required under Rule 6a-4 would be 45 hours 
(15 hours/respondent per year x 3 respondents \5\) and $300 of 
miscellaneous clerical expenses. The Commission estimates that the 
total annual burden for all respondents to provide annual and three-
year amendments \6\ under Rule 6a-4 would be 88 hours (22 hours/
respondent per year x 4 respondents) and $576 ($144 per year x 4 
respondents \7\). The Commission estimates that the total annual burden 
for the filing of the supplemental information \8\ and the monthly 
reports required under Rule 6a-4 would be 50 hours (12.5 hours/
respondent per year x 4 respondents \9\) and $500 of miscellaneous 
clerical expenses. Thus, the Commission estimates the total annual 
burden for complying with Rule 6a-4 is 183 hours and $1376 in 
miscellaneous clerical expenses.
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    \4\ 17 CFR 240.6a-4(b)(1).
    \5\ Based on prior data, the Commission estimates that the three 
exchanges will file amendments with the Commission in order to keep 
their Form 1-N current.
    \6\ 17 CFR 240.6a-4(b)(3) and (4).
    \7\ The Commission notes that while there are currently five 
Security Futures Product Exchanges, one of those exchanges, NQLX, is 
dormant. Thus, a total of four exchanges are active and required to 
submit mandatory amendments pursuant to Rule 6a-4.
    \8\ 17 CFR 240.6a-4(c).
    \9\ See supra footnote 7.
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    Compliance with Rule 6a-4 is mandatory. Information received in 
response to Rule 6a-4 shall not be kept confidential; the information 
collected is public information.
    Written comments are invited on: (a) Whether the proposed 
collection of information is necessary for the proper performance of 
the functions of the agency, including whether the information shall 
have practical utility; (b) the accuracy of the agency'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.
    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.
    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, VA 22312 or send an 
email to: PRA_Mailbox@sec.gov.

    Dated: June 14, 2013.
Kevin M. O'Neill,
Deputy Secretary.
[FR Doc. 2013-14604 Filed 6-18-13; 8:45 am]
BILLING CODE 8011-01-P


