
[Federal Register Volume 82, Number 183 (Friday, September 22, 2017)]
[Notices]
[Pages 44479-44480]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-20216]


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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 FOIA Services, 100 F Street NE., Washington, DC 
20549-2736

Extension:
    Rule 17Ab2-1, Form CA-1, SEC File No. 270-203, OMB Control No. 
3235-0195

    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

[[Page 44480]]

collection of information provided for in Rule 17Ab2-1 (17 CFR 
240.17Ab2-1) and Form CA-1: Registration of Clearing Agencies (17 CFR 
249b.200) under the Securities Exchange Act of 1934 (``Exchange Act'') 
(15 U.S.C. 78a et seq.).
    Rule 17Ab2-1 and Form CA-1 require clearing agencies to register 
with the Commission and to meet certain requirements with regard to, 
among other things, the clearing agency's organization, capacities, and 
rules. The information is collected from the clearing agency upon the 
initial application for registration on Form CA-1. Thereafter, 
information is collected by amendment to the initial Form CA-1 when 
changes in circumstances that render certain information on Form CA-1 
inaccurate, misleading, or incomplete necessitate modification of the 
information previously provided to the Commission.
    The Commission uses the information disclosed on Form CA-1 to (i) 
determine whether an applicant meets the standards for registration set 
forth in Section 17A of the Exchange Act, (ii) enforce compliance with 
the Exchange Act's registration requirement, and (iii) provide 
information about specific registered clearing agencies for compliance 
and investigatory purposes. Without Rule 17Ab2-1, the Commission could 
not perform these duties as statutorily required.
    The Commission staff estimates that the average Form CA-1 requires 
approximately 130 hours to complete and submit for approval. This 
burden is composed primarily of a one-time reporting burden that 
reflects the applicant's staff time (i.e. internal labor costs) to 
prepare and submit the Form to the Commission. This estimate includes 
the burden associated with filing amendments to Form CA-1, which is 
required when certain information contained in an applicant's or 
registrant's Form CA-1 becomes inaccurate, misleading, or incomplete. 
(The time burden related to preparing and submitting an amendment 
widely varies depending on the nature of the information that needs to 
be updated.) Since the Commission only receives an average of one 
submission per year, the aggregate annual burden associated with 
compliance with Rule 17Ab2-1 and Form CA-1 is 130 hours. The Commission 
staff estimates that compliance staff work at applicant or registrant 
clearing agencies to comply with Rule 17Ab2-1 and complete Form CA-1 
will result in an internal cost of compliance, at an estimated hourly 
wage of $283, of $36,790 per year per clearing agency (130 hours x $283 
per hour = $36,790 per year). Therefore, the aggregate annual internal 
cost of compliance for the approximately one clearing agency each year 
to comply with Rule 17Ab2-1 is also $36,790. The external costs 
associated with work on Form CA-1 include fees charged by outside 
lawyers and accountants to assist the applicant or registrant collect 
and prepare the information sought by the form (though such 
consultations are not required by the Commission) and are estimated to 
be approximately a total amount of $19,029 ($19,029 times one 
registrant 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 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) Pamela Dyson, Director/Chief 
Information Officer, Securities and Exchange Commission, c/o Remi 
Pavlik-Simon, 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: September 19, 2017.
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2017-20216 Filed 9-21-17; 8:45 am]
 BILLING CODE 8011-01-P


