81 FR 837 - Submission for OMB Review; Comment Request

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 81, Issue 4 (January 7, 2016)

[Federal Register Volume 81, Number 4 (Thursday, January 7, 2016)]
[Notices]
[Pages 837-838]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-33216]


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SECURITIES AND EXCHANGE COMMISSION

[SEC File No. 270-247; OMB Control No. 3235-0259]


Submission for OMB Review; Comment Request

Upon Written Request Copies Available From: U.S. Securities and 
Exchange Commission, Office of FOIA Services, 100 F Street NE., 
Washington, DC 20549-2736.

Reinstatement:
    Rule 19h-1

    Notice by a Self-Regulatory Organization of Proposed Admission to 
or Continuance in Membership or Participation or Association with a 
Member of Any Person Subject to a Statutory Disqualification, and 
Applications to the Commission for Relief Therefrom.
    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 approval of a reinstatement, with 
change, of a previously approved collection for which approval has 
expired--Rule 19h-1, Notice by a Self-Regulatory Organization of 
Proposed Admission to or Continuance in Membership or Participation or 
Association with a Member of Any Person Subject to a Statutory 
Disqualification, and Applications to the Commission for Relief 
Therefrom (17 CFR 240.19h-1).
    Rule 19h-1 (``Rule'') under the Securities Exchange Act of 1934 
(the ``Exchange Act'') prescribes the form and content of notices and 
applications by self-regulatory organizations (``SROs'') regarding 
proposed admissions to, or continuances in, membership, participation 
or association with a member of any person subject to a statutory 
disqualification.
    The Commission uses the information provided in the submissions 
filed pursuant to Rule 19h-1 to review decisions of SROs to permit the 
entry into or continuance in the securities business of persons who 
have committed serious misconduct. The filings submitted pursuant to 
the Rule also permit inclusion of an application to the Commission for 
consent to associate with a member of an SRO notwithstanding a 
Commission order barring such association.
    The Commission reviews filings made pursuant to the Rule to 
ascertain whether it is in the public interest to permit the employment 
in the securities business of persons subject to a statutory 
disqualification. The filings contain information that is essential to 
the staff's review and ultimate determination on whether an association 
or employment is in the public interest and consistent with investor 
protection. Without these filings, persons subject to a statutory 
disqualification could reenter or continue employment in the securities 
business without the Commission's critical review of their character, 
ability to act as a fiduciary, and their employer's plan of 
supervision. The failure to collect and review this information could 
result in significant harm to the investing public.
    The Commission estimates the annual burden of responding to this 
collection of information is as follows.

[[Page 838]]



                                                  Burden Hours
----------------------------------------------------------------------------------------------------------------
                                                           19h-1(a)(4)--
                                                          Notification of                          19h-1(d)--
                                       19h-1(a)--Notice       proposed                           Application to
                                       of admission or      admission or        19h-1(b)--       the Commission
                                         continuance        continuance        Preliminary      for relief from
                                       notwithstanding    pursuant to  an     notifications    certain statutory
                                         a statutory      exception  from
                                       disqualification      the notice                        disqualifications
                                                            requirements
----------------------------------------------------------------------------------------------------------------
Estimated number of respondents =...                 20                 20                 20                 20
Estimated number of annual responses                 11                  9                 28                  5
 per respondent =...................
Estimated annual reporting burden                    80                 80                 13                 80
 per response =.....................
----------------------------------------------------------------------------------------------------------------


                                                  Burden Hours
----------------------------------------------------------------------------------------------------------------
 
----------------------------------------------------------------------------------------------------------------
Estimated total annual reporting  17,600 (20          14,400 (20          7,280 (20           8,000 (20
 burden =.                         respondents x 11    respondents x 9     respondents x 28    respondents x 5
                                   annual responses    annual responses    annual responses    annual responses
                                   per respondent x    per respondent x    per respondent x    per respondent x
                                   80 hours per        80 hours per        13 hours per        80 hours per
                                   respondent).        respondent).        respondent).        respondent).
----------------------------------------------------------------------------------------------------------------

    The Commission may not conduct or sponsor a collection of 
information unless it displays a currently valid control number. No 
person shall be subject to any penalty for failing to comply with a 
collection of information subject to the PRA that does not display a 
valid OMB control number.
    The public may view background documentation for this information 
collection at the following Web site, www.reginfo.gov. Persons 
submitting comments on the collection of information requirements 
should direct them to (i) the Office of Management and Budget, 
Attention: Desk Officer for the Securities and Exchange Commission, 
Office of Information and Regulatory Affairs, Washington, DC 20503, 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 send an email to: [email protected]. 
Comments should reference SEC File No. 270-247. Comments must be 
submitted to OMB within 30 days of this notice.

    Dated: December 30, 2015.
Jill M. Peterson,
Assistant Secretary.
[FR Doc. 2015-33216 Filed 1-6-16; 8:45 am]
 BILLING CODE 8011-01-P