83 FR 34191 - Submission for OMB Review; Comment Request

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 83, Issue 139 (July 19, 2018)

Page Range		34191-34191
FR Document		2018-15378

Federal Register, Volume 83 Issue 139 (Thursday, July 19, 2018)

[Federal Register Volume 83, Number 139 (Thursday, July 19, 2018)]
[Notices]
[Page 34191]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-15378]


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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 17a-6, SEC File No. 270-433, OMB Control No. 3235-0489

    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 extension of the previously approved 
collection of information provided for in Rule 17a-6 (17 CFR 240.17a-6) 
under the Securities Exchange Act of 1934 (15 U.S.C. 78a et seq.).
    Rule 17a-6 permits national securities exchanges, national 
securities associations, registered clearing agencies, and the 
Municipal Securities Rulemaking Board (``MSRB'') (collectively, 
``SROs'') to destroy or convert to microfilm or other recording media 
records maintained under Rule 17a-1, if they have filed a record 
destruction plan with the Commission and the Commission has declared 
such plan effective.
    There are currently 32 SROs: 21 national securities exchanges, 1 
national securities association, the MSRB, and 9 registered clearing 
agencies. Of the 32 SROs, only 2 SRO respondents have filed a record 
destruction plan with the Commission. The staff calculates that the 
preparation and filing of a new record destruction plan should take 160 
hours. Further, any existing SRO record destruction plans may require 
revision, over time, in response to, for example, changes in document 
retention technology, which the Commission estimates will take much 
less than the 160 hours estimated for a new plan. The Commission 
estimates that each SRO that has filed a destruction plan will spend 
approximately 30 hours per year making required revisions. Thus, the 
total annual compliance burden is estimated to be 60 hours per year 
based on two respondents. The approximate compliance cost per hour is 
$422, resulting in a total internal cost of compliance for these 
respondents of $25,320 per year (60 hours @ $422 per hour).
    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 website: 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: 
[email protected]; and (ii) Pamela Dyson, Director/Chief 
Information Officer, Securities and Exchange Commission, c/o Candace 
Kenner, 100 F Street NE, Washington, DC 20549, or by sending an email 
to: [email protected]. Comments must be submitted to OMB within 30 
days of this notice.

    Dated: July 13, 2018.
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2018-15378 Filed 7-18-18; 8:45 am]
 BILLING CODE 8011-01-P

Federal Register / Vol. 83, No. 139 / Thursday, July 19, 2018 / Notices 34191

Thus, Commission staff estimates that The public may view the background SROs, only 2 SRO respondents have
any burden of the rule would be borne documentation for this information filed a record destruction plan with the
by funds and FCMs entering into new collection at the following website, Commission. The staff calculates that
contracts pursuant to the rule. www.reginfo.gov. Comments should be the preparation and filing of a new
Commission staff estimates that directed to: (i) Desk Officer for the record destruction plan should take 160
approximately 214 fund complexes and Securities and Exchange Commission, hours. Further, any existing SRO record
2,825 funds currently effect Office of Information and Regulatory destruction plans may require revision,
commodities transactions and could Affairs, Office of Management and over time, in response to, for example,
deposit margin with FCMs in Budget, Room 10102, New Executive changes in document retention
connection with those transactions Office Building, Washington, DC 20503, technology, which the Commission
pursuant to rule 17f–6.2 Staff further or by sending an email to: Shagufta_ estimates will take much less than the
estimates that of this number, 21 fund Ahmed@omb.eop.gov; and (ii) Pamela 160 hours estimated for a new plan. The
complexes and 283 funds enter into new Dyson, Director/Chief Information Commission estimates that each SRO
contracts with FCMs each year.3 Officer, Securities and Exchange that has filed a destruction plan will
Based on conversations with fund Commission, c/o Candace Kenner, 100 F spend approximately 30 hours per year
representatives, Commission staff Street NE, Washington, DC 20549 or making required revisions. Thus, the
understands that fund complexes send an email to: PRA_Mailbox@ total annual compliance burden is
typically enter into contracts with FCMs sec.gov. Comments must be submitted to estimated to be 60 hours per year based
on behalf of all funds in the fund OMB within 30 days of this notice. on two respondents. The approximate
complex that engage in commodities compliance cost per hour is $422,
Dated: July 13, 2018.
transactions. Funds covered by the resulting in a total internal cost of
Eduardo A. Aleman, compliance for these respondents of
contract are typically listed in an
Assistant Secretary. $25,320 per year (60 hours @ $422 per
attachment, which may be amended to
[FR Doc. 2018–15374 Filed 7–18–18; 8:45 am] hour).
encompass new funds. Commission staff
estimates that the burden for a fund BILLING CODE 8011–01–P An agency may not conduct or
complex to enter into a contract with an sponsor, and a person is not required to
FCM that contains the contract respond to, a collection of information
SECURITIES AND EXCHANGE under the PRA unless it displays a
requirements of rule 17f–6 is one hour,
COMMISSION currently valid OMB control number.
and further estimates that the burden to
add a fund to an existing contract The public may view background
Submission for OMB Review; documentation for this information
between a fund complex and an FCM is Comment Request collection at the following website:
6 minutes.
Upon Written Request, Copies Available www.reginfo.gov. Comments should be
Accordingly, Commission staff
From: Securities and Exchange directed to: (i) Desk Officer for the
estimates that funds and FCMs spend 49
Commission, Office of FOIA Services, Securities and Exchange Commission,
burden hours annually complying with
100 F Street NE, Washington, DC Office of Information and Regulatory
the information collection requirements
20549–2736 Affairs, Office of Management and
of rule 17f–6.4 These estimates are made
Budget, Room 10102, New Executive
solely for the purposes of the Paperwork Extension: Office Building, Washington, DC 20503,
Reduction Act, and are not derived from Rule 17a–6, SEC File No. 270–433, OMB or by sending an email to: Shagufta_
a comprehensive or even a Control No. 3235–0489
Ahmed@omb.eop.gov; and (ii) Pamela
representative survey or study of the Notice is hereby given that pursuant Dyson, Director/Chief Information
costs of Commission rules and forms. to the Paperwork Reduction Act of 1995 Officer, Securities and Exchange
Compliance with the collection of (‘‘PRA’’) (44 U.S.C. 3501 et seq.), the Commission, c/o Candace Kenner, 100 F
information requirements of the rule is Securities and Exchange Commission Street NE, Washington, DC 20549, or by
necessary to obtain the benefit of relying (‘‘Commission’’) has submitted to the sending an email to: PRA_Mailbox@
on the rule. An agency may not conduct Office of Management and Budget sec.gov. Comments must be submitted to
or sponsor, and a person is not required (‘‘OMB’’) a request for extension of the OMB within 30 days of this notice.
to respond to, a collection of previously approved collection of
information unless it displays a Dated: July 13, 2018.
information provided for in Rule 17a–6
currently valid control number. Eduardo A. Aleman,
(17 CFR 240.17a–6) under the Securities
Assistant Secretary.
Exchange Act of 1934 (15 U.S.C. 78a et
and rules adopted thereunder. Thus, to the extent [FR Doc. 2018–15378 Filed 7–18–18; 8:45 am]
these provisions could be considered collections of
seq.).
information, the hours required for compliance Rule 17a–6 permits national securities BILLING CODE 8011–01–P

would be included in the collection of information exchanges, national securities
burden hours submitted by the CFTC for its rules. associations, registered clearing
2 This estimate is based on the number of funds
agencies, and the Municipal Securities SECURITIES AND EXCHANGE
that reported on Form N–SAR from June 1, 2017–
Rulemaking Board (‘‘MSRB’’) COMMISSION
November 30, 2017, in response to sub-items E
through I of item 70, that they engaged in futures (collectively, ‘‘SROs’’) to destroy or Submission for OMB Review;
and commodity options transactions. convert to microfilm or other recording Comment Request
3 These estimates are based on the assumption
media records maintained under Rule
that 10% of fund complexes and funds enter into Upon Written Request, Copies Available
sradovich on DSK3GMQ082PROD with NOTICES

new FCM contracts each year. This assumption
17a–1, if they have filed a record
encompasses fund complexes and funds that enter destruction plan with the Commission From: Securities and Exchange
into FCM contracts for the first time, as well as fund and the Commission has declared such Commission, Office of FOIA Services,
complexes and fund that change the FCM with plan effective. 100 F Street NE, Washington, DC
whom they maintain margin accounts for There are currently 32 SROs: 21 20549–2736.
commodities transactions.
4 This estimate is based upon the following national securities exchanges, 1 national Extension:
calculation: (21 fund complexes × 1 hour) + (283 securities association, the MSRB, and 9 Rule 17a–5(c); SEC File No. 270–199, OMB
funds × 0.1 hours) = 49 hours. registered clearing agencies. Of the 32 Control No. 3235–0199.

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Document Created: 2018-07-19 01:35:05
Document Modified: 2018-07-19 01:35:05

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		83 FR 34191