Rule 19d-1-SRO disciplinary
actions, denial, bar, prohibition, or limitation of membership,
summarily suspending a member and delisting a security
Extension without change of a currently approved collection
36 Months From Approved
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.
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.