30 day notice

2019 Rule 19d-1 30 day notice (2).doc DGL REVISED.pdf

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

30 day notice

OMB: 3235-0206

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Submission for OMB Review; 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: Rule 19d-1
SEC File No. 270-242, OMB Control No. 3235-0206
Notice is hereby given that pursuant to the Paperwork Reduction Act of 1995 (44 U.S.C.
3501 et seq.) (“PRA”), the Securities and Exchange Commission (“Commission”) has submitted
to the Office of Management and Budget (“OMB”) a request for approval of extension of the
previously approved collection of information provided for in Rule 19d-1 (17 CFR 240.19d-1)
under the Securities Exchange Act of 1934 (17 U.S.C. 78a et seq.) (“Exchange Act”).
Rule 19d-1 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 actions with respect to any
person; (2) denial, bar, prohibition, or limitation of membership, participation or association with a
member or of access to services offered by an SRO or member thereof; (3) summarily suspending a
member, participant, or person associated with a member, or summarily limiting or prohibiting any
persons with respect to access to or services offered by the SRO or a member thereof; and (4)
delisting a security.
The Rule enables the Commission to obtain reports from the SROs containing information
regarding SRO determinations to delist a security, discipline members or associated persons of
members, deny membership or participation or association with a member, and similar adjudicated

findings. The Rule requires that such actions be promptly reported to the Commission. The Rule
also requires that the reports and notices supply sufficient information regarding the background,
factual basis and issues involved in the proceeding to enable the Commission: (1) to determine
whether the matter should be called up for review on the Commission’s own motion; and (2) to
ascertain generally whether the SRO has adequately carried out its responsibilities under the
Exchange Act.
It is estimated that approximately eighteen respondents will utilize this application
procedure annually, and will file approximately 1,350 submissions, based upon recent data. The
Commission estimates that the average number of hours necessary to comply with the requirements
of Rule 19d-1 for each submission is 1 hour. The total annual burden for all respondents is thus
1,350 hours. The Commission estimates that the internal compliance cost per respondent is
approximately $298 per response. The annual internal cost of compliance for all respondents is
thus approximately $402,300 (18 respondents x 75 responses x $298 per response).
The filing of notices pursuant to Rule 19d-1 is mandatory for the SROs, but does not require
the collection of confidential information.
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
The public may view background documentation for this information collection at the
following website, www.reginfo.gov. Comments should be directed to: (i) Desk Officer for the
Securities and Exchange Commission, Office of Information and Regulatory Affairs, Office of
Management and Budget, Room 10102, New Executive Office Building, Washington, DC 20503

or by sending an e-mail to: [email protected]; and (ii) Charles Riddle, Acting
Director/Chief Information Officer, Securities and Exchange Commission, c/o Candace Kenner,
100 F Street, NE, Washington, DC 20549, or by sending an e-mail to: [email protected]
Comments must be submitted to OMB within 30 days of this notice.

Eduardo A. Aleman
Deputy Secretary

File Typeapplication/pdf
File Title30FR.DOC
File Modified2019-06-18
File Created2019-06-18

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