[Federal Register Volume 88, Number 2 (Wednesday, January 4, 2023)]
[Notices]
[Pages 396-397]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-28541]


-----------------------------------------------------------------------

SECURITIES AND EXCHANGE COMMISSION

[SEC File No. 270-496, OMB Control No. 3235-0554]


Submission for OMB Review; Comment Request; Extension: Rule 6a-4, 
Form 1-N

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 (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 extension of the previously approved 
collection of information provided for in Rule 6a-4 and Form 1-N, as 
discussed below. 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.
---------------------------------------------------------------------------

    \1\ 15 U.S.C. 78f.
    \2\ 17 CFR 240.6a-4.
    \3\ 17 CFR 249.10.
---------------------------------------------------------------------------

    The respondents to the collection of information are futures 
markets.
    The Commission estimates that the total annual burden for all 
respondents to provide periodic amendments \4\ to keep the Form 1-N 
accurate and up to date as required under Rule 6a-4(b)(1) would be 30 
hours (15 hours/respondent per year x 2 respondents \5\) and $200 of 
miscellaneous clerical expenses. The Commission estimates that the 
total annual burden for all

[[Page 397]]

respondents to provide annual amendments under Rule 6a-4(b)(3) would be 
30 hours (15 hours/respondent/year x 2 respondents) and $200 of 
miscellaneous clerical expenses. The Commission estimates that the 
total annual burden for all respondents to provide three-year 
amendments \6\ under Rule 6a-4(b)(4) would be 14 hours (20 hours/
respondent x 0.67 respondents per year) and $88 in miscellaneous 
clerical expenses. The Commission estimates that the total annual 
burden for the filing of the supplemental information \7\ and the 
monthly reports required under Rule 6a-4(c) would be 12 hours (6 hours/
respondent per year x 2 respondents \8\) and $120 of miscellaneous 
clerical expenses. Thus, the Commission estimates the total annual 
burden for complying with Rule 6a-4 is 86 hours and $608 in 
miscellaneous clerical expenses.
---------------------------------------------------------------------------

    \4\ 17 CFR 240.6a-4(b)(1).
    \5\ The Commission estimates that four 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\ 17 CFR 240.6a-4(c)
    \8\ See supra footnote 7.
---------------------------------------------------------------------------

    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.
    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.
    The public may view background documentation for this information 
collection at the following website: >www.reginfo.gov<. Find this 
particular information collection by selecting ``Currently under 30-day 
Review--Open for Public Comments'' or by using the search function. 
Written comments and recommendations for the proposed information 
collection should be sent by February 3, 2023 to (i) 
>[email protected]< and (ii) David Bottom, 
Director/Chief Information Officer, Securities and Exchange Commission, 
c/o John Pezzullo, 100 F Street NE, Washington, DC 20549, or by sending 
an email to: [email protected].

    Dated: December 28, 2022.
J. Matthew DeLesDernier,
Deputy Secretary.
[FR Doc. 2022-28541 Filed 1-3-23; 8:45 am]
BILLING CODE 8011-01-P


