[Federal Register Volume 80, Number 212 (Tuesday, November 3, 2015)]
[Notices]
[Pages 67826-67827]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-27906]
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SECURITIES AND EXCHANGE COMMISSION
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;
SEC File No. 270-247; OMB Control No. 3235-0259.
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'') is soliciting comments on the proposed
request for 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). The Commission
plans to submit this request for reinstatement to the Office of
Management and Budget (``OMB'') for approval.
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.
Burden Hours
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19h-1(a)--Notice of
admission or 19h-1(a)(4)--Notification of 19h-1(d)--Application to
continuance proposed admission or 19h-1(b)--Preliminary the Commission for relief
notwithstanding a continuance pursuant to an notifications from certain statutory
statutory exception from the notice disqualifications
disqualification requirements
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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 =.
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Estimated total annual reporting 17,600 (20 respondents 14,400 (20 respondents x 9 7,280 (20 respondents x 28 8,000 (20 respondents x 5
burden =. x 11 annual responses annual responses per annual responses per annual responses per
per respondent x 80 respondent x 80 hours per respondent x 13 hours per respondent x 80 hours per
hours per respondent). respondent). respondent). respondent).
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Written comments are invited on: (a) Whether this collection of
information is necessary for the proper performance of the functions of
the agency, including whether the information will have practical
utility; (b) the accuracy of the agency's estimate of the burden
imposed by the 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.
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.
Persons submitting comments on the collection of information
requirements should direct them 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: [email protected]. Comments should reference SEC File
[[Page 67827]]
No. 270-247. Requests for materials submitted to OMB by the Commission
with regard to this collection of information should be in writing,
with reference to SEC File No. 270-247. Comments must be submitted to
the SEC within 60 days of this notice.
Dated: October 28, 2015.
Robert W. Errett,
Deputy Secretary.
[FR Doc. 2015-27906 Filed 11-2-15; 8:45 am]
BILLING CODE 8011-01-P