60 day notice

SECURITIES AND EXCHANGE COMMISSION
Proposed Collection; 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: Rules 6a-1 and 6a-2, Form 1
SEC File No. 270-0017, OMB Control No. 3235-0017
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”) is soliciting
comments on the existing collection of information provided for in Rule 6a-1 (17 CFR 240.6a-1),
Rule 6a-2 (17 CFR 240.6a-2), and Form 1 (17 CFR 249.1) under the Securities Exchange Act of
1934 (“Exchange 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.
The Exchange Act sets forth a regulatory scheme for national securities exchanges. Rule
6a-1 under the Exchange Act generally requires an applicant for initial registration as a national
securities exchange to file an application with the Commission on Form 1. An exchange that seeks
an exemption from registration based on limited trading volume also must apply for such exemption
on Form 1. Rule 6a-2 under the Exchange Act requires registered and exempt exchanges: (1) to
amend the Form 1 if there are any material changes to the information provided in the initial Form
1; and (2) to submit periodic updates of certain information provided in the initial Form 1, whether
such information has changed or not. The information required pursuant to Rules 6a-1 and 6a-2 is
necessary to enable the Commission to maintain accurate files regarding the exchange and to

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exercise its statutory oversight functions. Without the information submitted pursuant to Rule 6a-1
on Form 1, the Commission would not be able to determine whether the respondent has met the
criteria for registration (or an exemption from registration) set forth in Section 6 of the Exchange
Act. The amendments and periodic updates of information submitted pursuant to Rule 6a-2 are
necessary to assist the Commission in determining whether a national securities exchange or exempt
exchange is continuing to operate in compliance with the Exchange Act.
Initial filings on Form 1 by prospective exchanges are made on a one-time basis. The
Commission estimates that it will receive approximately one initial Form 1 filing per year and that
each respondent would incur an average burden of 880 hours to file an initial Form 1 at an average
internal compliance cost per response of approximately $335,984. Therefore, the Commission
estimates that the annual burden for all respondents to file the initial Form 1 would be 880 hours
(one response/respondent x one respondent x 880 hours/response) and an internal compliance cost
of $335,984 (one response/respondent x one respondent x $335,984/response).
There currently are 21 entities registered as national securities exchanges. The Commission
estimates that each registered or exempt exchange files nine amendments or periodic updates to
Form 1 per year, incurring an average burden of 25 hours to comply with Rule 6a-2. The SEC
estimates that the average internal compliance cost for a national securities exchange per response
would be approximately $8,365. The Commission estimates that the annual burden for all
respondents to file amendments and periodic updates to the Form 1 pursuant to Rule 6a-2 is 4,725
hours (21 respondents x 25 hours/response x 9 responses/respondent per year) and an internal
compliance cost of $1,580,985 (21 respondents x $8,365/response x 9 responses/respondent per
year).

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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: Charles Riddle, Acting Director/Chief
Information Officer, Securities and Exchange Commission, c/o Candace Kenner, 100 F Street,
NE, Washington, DC 20549, or send an e-mail to: [email protected].

Brent J. Fields
Secretary

December 21, 2018