Rule 19d-1-SRO disciplinary actions, denial, bar, prohibition, or limitation of membership, summarily suspending a member and delisting a security

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
3235-0206.pdf	Supplementary Document	Uploaded 2022-06-17	Repair queued
3235-0206.pdf	Supplementary Document	Uploaded 2022-06-17	Available
DGL REVISED 2022 Rule 19d-1 justification (2022).pdf	Supporting Statement A	Uploaded 2022-04-05	Available
2019 Rule 19d-1 30 day notice (2).doc DGL REVISED.pdf	Supplementary Document	Uploaded 2019-06-18	Repair queued
2019 Rule 19d-1 60 day notice.doc DGL REVISED.pdf	Supplementary Document	Uploaded 2019-06-18	Repair queued

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
34578	Rule 19d-1-Notices by Self-Regulatory Organizations of Final Disciplinary Actions, Denials, Bars, or Limitations Respecting Membership Association, Participation, or Access to Services, and		Modified

ICR Details

OMB Control No: 3235-0206	ICR Reference No: 202203-3235-015
Status: Received in OIRA	Previous ICR Reference No: 201903-3235-020
Agency/Subagency: SEC	Agency Tracking No: TM-270-242
Title: Rule 19d-1-SRO disciplinary actions, denial, bar, prohibition, or limitation of membership, summarily suspending a member and delisting a security
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular	Date Submitted to OIRA: 06/17/2022

table that charts list comparision

	Requested	Previously Approved
Expiration Date	36 Months From Approved	08/31/2022
Responses	912	1,350
Time Burden (Hours)	912	1,350
Cost Burden (Dollars)	0	0

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Abstract: Rule 19d-1 under the Securities Exchange Act of 1934 prescribes the form and content of notices to be filed with the Commission by self-regulatory organizations ("SROs") for which the Commission is the appropriate regulatory agency concerning the following final SRO actions: (1) disciplinary sanctions (including summary suspensions); (2) denials of membership, participation, or association with a member; and (3) prohibitions or limitations on access to SRO services and (4) delisting a security.

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Authorizing Statute(s): US Code: 15 USC 78c, 78d, 78i, 78j, 78l, 78,m, Name of Law: Securities Exchange Act of 19234
  

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:
	87 FR 21993	04/13/2022
30-day Notice:	Federal Register Citation:	Citation Date:
	87 FR 36555	06/17/2022
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

table that charts list of burden

IC Title	Form No.	Form Name
Rule 19d-1-Notices by Self-Regulatory Organizations of Final Disciplinary Actions, Denials, Bars, or Limitations Respecting Membership Association, Participation, or Access to Services, and

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ICR Summary of Burden

table that charts list of burden

	Total Request	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	912	1,350	0	0	-438	0
Annual Time Burden (Hours)	912	1,350	0	0	-438	0
Annual Cost Burden (Dollars)	0	0	0	0	0	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: The Commission revised the burden to reflect the recent number of notices received per year. In 2019 there were a total of 780 submissions, in 2020 there were a total of 823 submissions and 400 in 2021. As a conservative measure, we are using an estimate that is approximately 10 percent higher (rounded up) than the largest annual submissions number. This resulted in an average of 48 responses per respondent. In addition, we are increasing the estimated number of respondents from 18 to 19 because in the past three years 19 SROs submitted notices. The overall change is a decrease in the estimated annual time burden from 1,350 hours to 912 hours. The 438 hour decrease is due to the fact that while the estimated number of respondents has increased by one, the estimated number of responses per respondent has decreased from 75 to 48.

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Annual Cost to Federal Government: $0

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

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination.     No

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination.     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? No

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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: 06/17/2022

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