81 FR 36977 - Proposed Collection; Comment Request

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 81, Issue 110 (June 8, 2016)

[Federal Register Volume 81, Number 110 (Wednesday, June 8, 2016)]
[Notices]
[Pages 36977-36978]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-13465]


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SECURITIES AND EXCHANGE COMMISSION


Proposed Collection; 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 31 and Form R31, SEC File No. 270-537, OMB Control No. 
3235-0597.

    Notice is hereby given that, pursuant to the Paperwork Reduction 
Act of 1995

[[Page 36978]]

(''PRA'') (44 U.S.C. 3501 et seq.), the Securities and Exchange 
Commission (``Commission'') is soliciting comments on the existing 
collection of information provided for in Rule 31 (17 CFR 240.31) and 
Form R31 (17 CFR 249.11) under the Securities Exchange Act of 1934 (15 
U.S.C. 78ee) (``Exchange Act''). The Commission plans to submit this 
existing collection of information to the Office of Management and 
Budget (``OMB'') for extension and approval.
    Section 31 of the Exchange Act requires the Commission to collect 
fees and assessments from national securities exchanges and national 
securities associations (collectively, ``self-regulatory 
organizations'' or ``SROs'') based on the volume of their securities 
transactions. To collect the proper amounts, the Commission adopted 
Rule 31 and Form R31 under the Exchange Act whereby the SROs must 
report to the Commission the volume of their securities transactions 
and the Commission, based on those data, calculates the amount of fees 
and assessments that the SROs owe pursuant to Section 31. Rule 31 and 
Form R31 require the SROs to provide this data on a monthly basis.
    Currently, there are 23 respondents under Rule 31: 19 national 
securities exchanges, one security futures exchange, and one national 
securities association subject to the collection of information 
requirements of Rule 31; there are additionally two registered clearing 
agencies that are required to provide certain data in their possession 
needed by the SROs to complete Form R31, although these two entities 
are not themselves required to complete and submit Form R31. The 
Commission estimates that the total burden for all 23 respondents is 
390 hours per year. The Commission notes that, based on previous and 
current experience, it estimates an additional three new national 
securities exchanges will become registered and subject to the 
reporting requirements of Rule 31 over the course of the authorization 
period and incur a burden of 18 hours per year. Thus, the Commission 
estimates the total burden for the existing and expected new 
respondents to be 408 hours 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 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.
    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.
    Please direct your written comments to: Pamela Dyson, Director/
Chief Information Officer, Securities and Exchange Commission, c/o Remi 
Pavlik-Simon, 100 F Street NE., Washington, DC 20549 or send an email 
to: [email protected].

    Dated: June 2, 2016.
Brent J. Fields
Secretary.
[FR Doc. 2016-13465 Filed 6-7-16; 8:45 am]
 BILLING CODE 8011-01-P