[Federal Register Volume 81, Number 4 (Thursday, January 7, 2016)]
[Notices]
[Pages 837-838]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-33216]
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SECURITIES AND EXCHANGE COMMISSION
[SEC File No. 270-247; OMB Control No. 3235-0259]
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
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'') has submitted to the Office of Management
and Budget (``OMB'') a request for approval of a 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).
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.
[[Page 838]]
Burden Hours
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19h-1(a)(4)--
Notification of 19h-1(d)--
19h-1(a)--Notice proposed Application to
of admission or admission or 19h-1(b)-- the Commission
continuance continuance Preliminary for relief from
notwithstanding pursuant to an notifications certain statutory
a statutory exception from
disqualification the notice disqualifications
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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Burden Hours
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Estimated total annual reporting 17,600 (20 14,400 (20 7,280 (20 8,000 (20
burden =. respondents x 11 respondents x 9 respondents x 28 respondents x 5
annual responses annual responses annual responses annual responses
per respondent x per respondent x per respondent x per respondent x
80 hours per 80 hours per 13 hours per 80 hours per
respondent). respondent). respondent). respondent).
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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.
The public may view background documentation for this information
collection at the following Web site, www.reginfo.gov. Persons
submitting comments on the collection of information requirements
should direct them to (i) the Office of Management and Budget,
Attention: Desk Officer for the Securities and Exchange Commission,
Office of Information and Regulatory Affairs, Washington, DC 20503, and
(ii) 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 No. 270-247. Comments must be
submitted to OMB within 30 days of this notice.
Dated: December 30, 2015.
Jill M. Peterson,
Assistant Secretary.
[FR Doc. 2015-33216 Filed 1-6-16; 8:45 am]
BILLING CODE 8011-01-P