81 FR 9007 - Proposed Collection; Comment Request

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 81, Issue 35 (February 23, 2016)

Page Range		9007-9007
FR Document		2016-03639

Federal Register, Volume 81 Issue 35 (Tuesday, February 23, 2016)

[Federal Register Volume 81, Number 35 (Tuesday, February 23, 2016)]
[Notices]
[Page 9007]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-03639]


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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 6h-1, SEC File No. 270-497, OMB Control No. 3235-0555.

    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'') is soliciting comments on the 
existing collection of information provided for in Rule 6h-1 (17 CFR 
240.6h-1) under the Securities Exchange Act of 1934, as amended 
(``Act'') (15 U.S.C. 78a et seq.). The Commission plans to submit this 
existing collection of information to the Office of Management and 
Budget (``OMB'') for extension and approval.
    Section 6(h) of the Act (15 U.S.C. 78f(h)) requires national 
securities exchanges and national securities associations that trade 
security futures products to establish listing standards that, among 
other things, require that: (i) Trading in such products not be readily 
susceptible to price manipulation; and (ii) the market on which the 
security futures product trades has in place procedures to coordinate 
trading halts with the listing market for the security or securities 
underlying the security futures product. Rule 6h-1 implements these 
statutory requirements and requires that (1) the final settlement price 
for each cash-settled security futures product fairly reflect the 
opening price of the underlying security or securities, and (2) the 
exchanges and associations trading security futures products halt 
trading in any security futures product for as long as trading in the 
underlying security, or trading in 50% or more of the underlying 
securities, is halted on the listing market.
    It is estimated that approximately 1 respondent, consisting of a 
designated contract market not already registered as a national 
securities exchange under Section 6(g) of the Exchange Act that seeks 
to list or trade security futures products, will incur an average 
burden of 10 hours per year to comply with this rule, for a total 
burden of 10 hours. At an average cost per hour of approximately $387, 
the resultant total cost of compliance for the respondents is $3,870 
per year (1 respondent x 10 hours/respondent x $387/hour).
    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 
estimates of the burden of the proposed collection of information; (c) 
ways to enhance the quality, utility, and clarity of the information 
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: PRA_Mailbox@sec.gov.

    Dated: February 17, 2016.
Robert W. Errett,
Deputy Secretary.
[FR Doc. 2016-03639 Filed 2-22-16; 8:45 am]
BILLING CODE 8011-01-P

Federal Register / Vol. 81, No. 35 / Tuesday, February 23, 2016 / Notices 9007

costs of purchasing or leasing computer technology. Consideration will be given futures product for as long as trading in
equipment, software, or other record to comments and suggestions submitted the underlying security, or trading in
storage equipment for records in writing within 60 days of this 50% or more of the underlying
maintained in electronic or publication. securities, is halted on the listing
photographic form. Please direct your written comments market.
The Commission expects that a fund to Pamela Dyson, Director/Chief
and its sponsors would incur these costs It is estimated that approximately 1
Information Officer, Securities and
immediately, and that the annualized Exchange Commission, C/O Remi respondent, consisting of a designated
cost of the expenditures would be Pavlik-Simon, 100 F Street NE., contract market not already registered as
$20,000 in the first year. Some Washington, DC 20549; or send an email a national securities exchange under
expenditures might involve capital to: PRA_Mailbox@sec.gov. Section 6(g) of the Exchange Act that
improvements, such as computer seeks to list or trade security futures
Dated: February 17, 2016.
equipment, having expected useful lives products, will incur an average burden
Robert W. Errett,
for which annualized figures beyond the of 10 hours per year to comply with this
first year would be meaningful. Deputy Secretary. rule, for a total burden of 10 hours. At
These annualized figures are not [FR Doc. 2016–03640 Filed 2–22–16; 8:45 am] an average cost per hour of
provided, however, because, in most BILLING CODE 8011–01–P approximately $387, the resultant total
cases, the expenses would be incurred cost of compliance for the respondents
immediately rather than on an annual is $3,870 per year (1 respondent × 10
basis. The Commission is not including SECURITIES AND EXCHANGE
hours/respondent × $387/hour).
these costs in its calculation of the COMMISSION
annualized capital/start-up costs Written comments are invited on: (a)
because no fund has applied under rule Proposed Collection; Comment Whether the proposed collection of
7d–1 to register under the Act pursuant Request information is necessary for the proper
to rule 7d–1 in the last three years. Upon Written Request, Copies Available performance of the functions of the
As indicated above, a Canadian or From: Securities and Exchange Commission, including whether the
fund may file a supplemental Commission, Office of FOIA Services, information shall have practical utility;
application seeking special relief 100 F Street NE., Washington, DC (b) the accuracy of the Commission’s
designed for the fund’s particular 20549–2736. estimates of the burden of the proposed
circumstances. Rule 7d–1 does not collection of information; (c) ways to
Extension:
mandate these applications. The active enhance the quality, utility, and clarity
Rule 6h–1, SEC File No. 270–497, OMB
registrant filed a substantive Control No. 3235–0555. of the information collected; and (d)
supplemental application in the past ways to minimize the burden of the
three years. As noted above, the staff Notice is hereby given that, pursuant
to the Paperwork Reduction Act of 1995 collection of information on
understands that funds generally use respondents, including through the use
outside counsel to prepare the (‘‘PRA’’) (44 U.S.C. 3501 et seq.), the
Securities and Exchange Commission of automated collection techniques or
application. The staff estimates that other forms of information technology.
outside counsel spends 10 hours (‘‘Commission’’) is soliciting comments
on the existing collection of information Consideration will be given to
preparing a supplemental application,
provided for in Rule 6h–1 (17 CFR comments and suggestions submitted in
including 8 hours by an associate and 2
240.6h–1) under the Securities writing within 60 days of this
hours by a partner. Outside counsel
billing arrangements and rates vary Exchange Act of 1934, as amended publication.
based on numerous factors, but the staff (‘‘Act’’) (15 U.S.C. 78a et seq.). The An agency may not conduct or
has estimated the average cost of outside Commission plans to submit this sponsor, and a person is not required to
counsel as $400 per hour, based on existing collection of information to the respond to, a collection of information
information received from funds, Office of Management and Budget under the PRA unless it displays a
intermediaries and their counsel. The (‘‘OMB’’) for extension and approval. currently valid OMB control number.
Commission staff therefore estimates Section 6(h) of the Act (15 U.S.C.
78f(h)) requires national securities Please direct your written comments
that the fund would obtain assistance to: Pamela Dyson, Director/Chief
from outside counsel at a cost of exchanges and national securities
associations that trade security futures Information Officer, Securities and
$4,000.9
We request written comment on: (a) products to establish listing standards Exchange Commission, c/o Remi Pavlik-
Whether the collections of information that, among other things, require that: (i) Simon, 100 F Street NE., Washington,
are necessary for the proper Trading in such products not be readily DC 20549, or send an email to: PRA_
performance of the functions of the susceptible to price manipulation; and Mailbox@sec.gov.
Commission, including whether the (ii) the market on which the security Dated: February 17, 2016.
information has practical utility; (b) the futures product trades has in place
Robert W. Errett,
accuracy of the Commission’s estimate procedures to coordinate trading halts
with the listing market for the security Deputy Secretary.
of the burdens of the collection of
or securities underlying the security [FR Doc. 2016–03639 Filed 2–22–16; 8:45 am]
information; (c) ways to enhance the
quality, utility, and clarity of the futures product. Rule 6h-1 implements BILLING CODE 8011–01–P
mstockstill on DSK4VPTVN1PROD with NOTICES

information collected; and (d) ways to these statutory requirements and
minimize the burden of the collection of requires that (1) the final settlement
information on respondents, including price for each cash-settled security
through the use of automated collection futures product fairly reflect the
techniques or other forms of information opening price of the underlying security
or securities, and (2) the exchanges and
9 This estimate is based on the following associations trading security futures
calculation: 10 hours × $400 per hour = $4000. products halt trading in any security

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Document Created: 2018-02-02 14:33:35
Document Modified: 2018-02-02 14:33:35

Category		Regulatory Information
Collection		Federal Register
sudoc Class		AE 2.7: GS 4.107: AE 2.106:
Publisher		Office of the Federal Register, National Archives and Records Administration
Section		Notices
FR Citation		81 FR 9007