[Federal Register Volume 78, Number 87 (Monday, May 6, 2013)]
[Notices]
[Page 26406]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2013-10628]
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SECURITIES AND EXCHANGE COMMISSION
Proposed Collection; Comment Request
Upon Written Request, Copies Available From: Securities and Exchange
Commission, Office of Investor Education and Advocacy, Washington, DC
20549-0213.
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 (44 U.S.C. 3501 et seq.) (``PRA''), 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 reflects 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% of the underlying securities, is
halted on the listing market.
It is estimated that approximately 1 respondent per year,
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
$379, the resultant total internal cost of compliance for all
respondents is $3,790 per year (1 respondent x 10 hours/respondent x
$379/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: Thomas Bayer, Director/
Chief Information Officer, Securities and Exchange Commission, c/o Remi
Pavlik-Simon, 6432 General Green Way, Alexandria, Virginia 22312 or
send an email to: [email protected].
Dated: May 1, 2013.
Kevin M. O'Neill,
Deputy Secretary.
[FR Doc. 2013-10628 Filed 5-3-13; 8:45 am]
BILLING CODE 8011-01-P