83 FR 64388 - Submission for OMB Review; Comment Request

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 83, Issue 240 (December 14, 2018)

Page Range		64388-64389
FR Document		2018-27091
Federal Register, Volume 83 Issue 240 (Friday, December 14, 2018)
[Federal Register Volume 83, Number 240 (Friday, December 14, 2018)]
[Notices]
[Pages 64388-64389]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-27091]


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SECURITIES AND EXCHANGE COMMISSION

[SEC File No. 270-359, OMB Control No. 3235-0410]


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:

[[Page 64389]]

    Rules 17h-1T and 17h-2T

    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 approval of extension of the 
previously approved collection of information provided for in Rules 
17h-1T and 17h-2T (17 CFR 240.17h-1T and 17 CFR 240.17h-2T), under the 
Securities Exchange Act of 1934 (15 U.S.C. 78a et seq.).
    Rule 17h-1T requires a covered broker-dealer to maintain and 
preserve records and other information concerning certain entities that 
are associated with the broker-dealer. This requirement extends to the 
financial and securities activities of the holding company, affiliates 
and subsidiaries of the broker-dealer that are reasonably likely to 
have a material impact on the financial or operational condition of the 
broker-dealer. Rule 17h-2T requires a covered broker-dealer to file 
with the Commission quarterly reports and a cumulative year-end report 
concerning the information required to be maintained and preserved 
under Rule 17h-1T.
    The collection of information required by Rules 17h-1T and 17h-2T, 
collectively referred to as the ``risk assessment rules,'' is necessary 
to enable the Commission to monitor the activities of a broker-dealer 
affiliate whose business activities are reasonably likely to have a 
material impact on the financial or operational condition of the 
broker-dealer. Without this information, the Commission would be unable 
to assess the potentially damaging impact of the affiliate's activities 
on the broker-dealer.
    There are currently 285 respondents that must comply with Rules 
17h-1T and 17h-2T. Each of these 285 respondents are estimated to 
require 10 hours per year to maintain the records required under Rule 
17h-1T, for an aggregate estimated annual burden of 2,850 hours (285 
respondents x 10 hours). In addition, each of these 285 respondents 
must make five annual responses under Rule 17h-2T. These five responses 
are estimated to require 14 hours per respondent per year for an 
aggregate estimated annual burden of 3,990 hours (285 respondents x 14 
hours).
    In addition, new respondents must draft an organizational chart 
required under Rule 17h-1T and establish a system for complying with 
the risk assessment rules. The staff estimates that drafting the 
required organizational chart requires one hour and establishing a 
system for complying with the risk assessment rules requires three 
hours. Based on the reduction in the number of filers in recent years, 
the staff estimates there will be zero new respondents, and thus, a 
corresponding estimated burden of zero hours for new respondents. Thus, 
the total compliance burden per year is approximately 6,840 burden 
hours (2,850 hours + 3,990 hours).
    The retention period for the recordkeeping requirement for the 
information, reports and records required under Rule 17h-1T is not less 
than three years. There is no specific retention period or 
recordkeeping requirement for Rule 17h-2T. The collection of 
information is mandatory. All information obtained by the Commission 
pursuant to the provisions of Rules 17h-1T and 17h-2T from a broker or 
dealer concerning a material associated person is deemed confidential 
information for the purposes of section 24(b) of the Exchange Act.
    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) Charles Riddle, Acting 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: December 10, 2018.
Eduardo A. Aleman,
Deputy Secretary.
[FR Doc. 2018-27091 Filed 12-13-18; 8:45 am]
 BILLING CODE 8011-01-P
64388 Federal Register / Vol. 83, No. 240 / Friday, December 14, 2018 / Notices

B. Self-Regulatory Organization’s A proposed rule change filed Commission, 100 F Street NE,
Statement on Burden on Competition pursuant to Rule 19b–4(f)(6) under the Washington, DC 20549–1090.
The Exchange does not believe that Act 27 normally does not become All submissions should refer to File
the proposed rule change will impose operative for 30 days after the date of its Number SR–CboeEDGX–2018–058. This
any burden on competition that is not filing. However, Rule 19b–4(f)(6)(iii) 28 file number should be included on the
necessary or appropriate in furtherance permits the Commission to designate a subject line if email is used. To help the
of the purposes of the Act. Rather, the shorter time if such action is consistent Commission process and review your
Exchange believes that the proposed with the protection of investors and the comments more efficiently, please use
changes with respect to its Risk Monitor public interest. The Exchange has asked only one method. The Commission will
Mechanism help promote fair and the Commission to waive the 30-day post all comments on the Commission’s
orderly markets and provide clarity and operative delay to provide Members internet website (http://www.sec.gov/
transparency the Rule. For example, the with additional tools and greater rules/sro.shtml). Copies of the
proposed rule change adds an flexibility for managing their potential submission, all subsequent
additional risk control parameter and risk as soon as possible. Accordingly, amendments, all written statements
the Commission believes that waiver of with respect to the proposed rule
flexibility to help further prevent
the 30-day operative delay is consistent change that are filed with the
potentially erroneous executions, which
with the protection of investors and the Commission, and all written
benefits all market participants. The
public interest. Therefore, the communications relating to the
proposed changes apply uniformly to all
Commission hereby waives the proposed rule change between the
Members and the Exchange notes that
operative delay and designates the Commission and any person, other than
the proposed changes apply to all
proposal as operative upon filing.29 those that may be withheld from the
quotes and orders in the same manner. At any time within 60 days of the
Additionally, the Exchange does not public in accordance with the
filing of the proposed rule change, the provisions of 5 U.S.C. 552, will be
believe that the proposed rule change Commission summarily may
will impose any burden on intermarket available for website viewing and
temporarily suspend such rule change if printing in the Commission’s Public
competition that is not necessary or it appears to the Commission that such
appropriate in furtherance of the Reference Room, 100 F Street NE,
action is necessary or appropriate in the Washington, DC 20549 on official
purposes of the Act because the public interest, for the protection of
proposed enhancements apply only to business days between the hours of
investors, or otherwise in furtherance of
trading on the Exchange. Additionally, 10:00 a.m. and 3:00 p.m. Copies of the
the purposes of the Act. If the
the Exchange notes that it is voluntary filing also will be available for
Commission takes such action, the
for the Members to determine whether inspection and copying at the principal
Commission shall institute proceedings
to make use of the new enhancements office of the Exchange. All comments
to determine whether the proposed rule
of the Risk Monitor Mechanism. To the received will be posted without change.
change should be approved or
extent that the proposed changes may Persons submitting comments are
disapproved.
make the Exchange a more attractive cautioned that we do not redact or edit
trading venue for market participants on IV. Solicitation of Comments personal identifying information from
other exchanges, such market Interested persons are invited to comment submissions. You should
participants may elect to become submit written data, views, and submit only information that you wish
Exchange market participants. arguments concerning the foregoing, to make available publicly. All
including whether the proposed rule submissions should refer to File
C. Self-Regulatory Organization’s Number SR–CboeEDGX–2018–058 and
change is consistent with the Act.
Statement on Comments on the should be submitted on or before
Comments may be submitted by any of
Proposed Rule Change Received From January 4, 2019.
the following methods:
Members, Participants, or Others
For the Commission, by the Division of
The Exchange neither solicited nor Electronic Comments
Trading and Markets, pursuant to delegated
received comments on the proposed • Use the Commission’s internet authority.30
rule change. comment form (http://www.sec.gov/ Eduardo A. Aleman,
rules/sro.shtml); or Deputy Secretary.
III. Date of Effectiveness of the • Send an email to rule-comments@
Proposed Rule Change and Timing for [FR Doc. 2018–27086 Filed 12–13–18; 8:45 am]
sec.gov. Please include File Number SR–
Commission Action CboeEDGX–2018–058 on the subject
BILLING CODE 8011–01–P

Because the foregoing proposed rule line.
change does not: SECURITIES AND EXCHANGE
A. significantly affect the protection Paper Comments
COMMISSION
of investors or the public interest; • Send paper comments in triplicate
B. impose any significant burden on to Secretary, Securities and Exchange [SEC File No. 270–359, OMB Control No.
competition; and 3235–0410]
C. become operative for 30 days from give the Commission written notice of its intent to
the date on which it was filed, or such file the proposed rule change, along with a brief Submission for OMB Review;
description and text of the proposed rule change, Comment Request
shorter time as the Commission may at least five business days prior to the date of filing
designate, it has become effective of the proposed rule change, or such shorter time Upon Written Request Copies Available
amozie on DSK3GDR082PROD with NOTICES1

pursuant to Section 19(b)(3)(A) of the as designated by the Commission. The Exchange From: Securities and Exchange
Act 24 and Rule 19b–4(f)(6) 25 has satisfied this requirement.
27 17 CFR 240.19b–4(f)(6). Commission, Office of FOIA Services,
thereunder.26 28 17 CFR 240.19b–4(f)(6)(iii). 100 F Street NE, Washington, DC
24 15
29 For purposes only of waiving the 30-day 20549–2736.
U.S.C. 78s(b)(3)(A). operative delay, the Commission also has
25 17 CFR 240.19b–4(f)(6). considered the proposed rule’s impact on
Extension:
26 17 CFR 240.19b–4(f)(6). In addition, Rule 19b– efficiency, competition, and capital formation. See
4(f)(6)(iii) requires a self-regulatory organization to 15 U.S.C. 78c(f). 30 17 CFR 200.30–3(a)(12).

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Document Created: 2018-12-14 03:50:10
Document Modified: 2018-12-14 03:50:10
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 64388