Rule 31 Section 31 transaction fees; Form R31-Form for reporting covered sales and covered round turn transactions under Section 31 of the Securities Exchange Act of 1934

Forms and Documents

Document	Type	Status	Availability
Form R31 Rule 31 - FINRA	Form and Instruction	Modified	Available
Rule 31 2013 PRA supporting stmt v2.pdf	Supporting Statement A	Uploaded 2013-08-15	Available

IC Document Collections

IC ID	Collection	Type	Status	Form
43051	Rule 31 - FINRA	Form and Instruction	Modified
207100	Rule 31 - New dual exchange		New
207099	Rule 31 - New OCC-only exchange		New
207098	Rule 31 - Dual exchanges		New
207097	Rule 31 - NSCC only exchanges		New
207096	Rule 31 - OCC only exchanges		New
207095	Rule 31 - OCC		New
207094	Rule 31 - NSCC		New

ICR Details

OMB Control No: 3235-0597	ICR Reference No: 201305-3235-011
Status: Historical Active	Previous ICR Reference No: 201003-3235-007
Agency/Subagency: SEC	Agency Tracking No: TM-270-537
Title: Rule 31 Section 31 transaction fees; Form R31-Form for reporting covered sales and covered round turn transactions under Section 31 of the Securities Exchange Act of 1934
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 11/01/2013
	Date Received in OIRA: 08/26/2013
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	11/30/2016	36 Months From Approved	10/31/2013
Responses	288	0	216
Time Burden (Hours)	390	0	318
Cost Burden (Dollars)	12,000	0	0

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Abstract: Rule 31 establishes the procedure for calculating the fees and assessments due from national securities exchanges and national securities associations (collectively, “SROs”) pursuant to Section 31 of the Exchange Act. Under Rule 31, the SROs are required to submit Form R31 to the SEC within ten business days after the end of every month. The SROs are required to report on Form R31 data on all sales of securities that are subject to Section 31 fees and all of round turn transactions in security futures that are subject to Section 31 assessments. Based on that data, the SEC calculates the fees and assessments owed by each SRO.

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Authorizing Statute(s): US Code: 15 USC 78ee Name of Law: Securities Exchange Act of 1934
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	78 FR 33453	06/04/2013
30-day Notice:	Federal Register Citation:	Citation Date:
	78 FR 48917	08/12/2013
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 8

IC Title	Form No.	Form Name
Rule 31 - FINRA	R31	Form R31
Rule 31 - NSCC
Rule 31 - OCC only exchanges
Rule 31 - NSCC only exchanges
Rule 31 - Dual exchanges
Rule 31 - New OCC-only exchange
Rule 31 - New dual exchange
Rule 31 - OCC

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ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to New Statute	Change Due to Agency Discretion	Change Due to Adjustment in Estimate	Change Due to Potential Violation of the PRA
Annual Number of Responses	288	216	0	0	72	0
Annual Time Burden (Hours)	390	318	0	0	72	0
Annual Cost Burden (Dollars)	12,000	0	0	0	12,000	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: Changes in burden represent a proportional increase based on an increase in registered respondents and expected new respondents during the authorization period.

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Annual Cost to Federal Government: $13,728

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? Uncollected

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Common Form ICR:  No

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On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).

The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(i) Why the information is being collected;

(ii) Use of information;

(iii) Burden estimate;

(iv) Nature of response (voluntary, required for a benefit, or mandatory);

(v) Nature and extent of confidentiality; and

(vi) Need to display currently valid OMB control number;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.

Certification Date: 08/26/2013

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