Rule 19h-1 - Notices by SROs of Proposed Admission to or Continuance in Membership or Participation or Association with a Member of any Person Suject to a Statutory Disqualification

Forms and Documents

Document Name	Status
2025 05 12_90 FR 20199_3235-0259_30-Day Submission Notice.pdf.pdf Supplementary Document	2025-05-12
Supporting Statement_Rule 19h-1 (2025 Extension).pdf Supporting Statement A	2025-05-07
Privacy Impact Assessment-M365.pdf Supplementary Document	2025-05-06
2025 03 06_90 FR 11443_3235-0259_60-Day Collection Notice.pdf Supplementary Document	2025-03-06

IC Document Collections

IC ID	Document Title	Status
34710	19h-1(a) – Notice of proposed admission or continuance of a person, notwithstanding a statutory disqualification	Modified
218689	19h-1(d) – Application for relief from certain statutory disqualifications	Modified
218688	19h-1(b) – Notification of receipt of an application for admission to, or continuance in, participation or membership which would require a notice under 19h-1(a)	Modified
218687	19h-1(a)(4) – Notification of proposed admission or continuance of a person pursuant to an exception from the notice requirements provided in 19h-1(a)(3)(ii), (iv), or (v)	Modified

ICR Details

OMB Control No: 3235-0259	ICR Reference No: 202502-3235-005
Status: Received in OIRA	Previous ICR Reference No: 202202-3235-027
Agency/Subagency: SEC	Agency Tracking No: TM
Title: Rule 19h-1 - Notices by SROs of Proposed Admission to or Continuance in Membership or Participation or Association with a Member of any Person Suject to a Statutory Disqualification
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: 05/12/2025

	Requested	Previously Approved
Expiration Date	36 Months From Approved	06/30/2025
Responses	83	1,060
Time Burden (Hours)	3,960	47,280
Cost Burden (Dollars)	0	0

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Abstract: Rule 19h-1 under the Securities Exchange Act (17 CFR 240.19h-1) explains what information the self-regulatory organizations (SROs) must include in their notices and applications to enable a statutorily disqualified person to associate, continue to associate, or continue membership with an SRO. The main purpose of Rule 19h-1 is to give the Commission a chance to review whether a person who is statutorily disqualified should be allowed to enter or to continue in the securities industry. This review helps to ensure their involvement is in the public interest and helps protect investors. This information must be submitted when the statutorily disqualified persons want to enter or continue working in the securities industry. The Rule 19h-1 information collection is a reporting requirement, and the respondents are the SROs.

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Authorizing Statute(s): US Code: 15 USC 78c Name of Law: Securities Exchange Act of 1934
   US Code: 15 USC 78d Name of Law: Securities Exchange Act of 1934
   US Code: 15 USC 78i Name of Law: Securities Exchange Act of 1934
   US Code: 15 USC 78j Name of Law: Securities Exchange Act of 1934
   US Code: 15 USC 78l Name of Law: Securities Exchange Act of 1934
   US Code: 15 USC 78m 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:
	90 FR 11443	03/06/2025
30-day Notice:	Federal Register Citation:	Citation Date:
	90 FR 20199	05/12/2025
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 4

IC Title	Form No.	Form Name
19h-1(a) – Notice of proposed admission or continuance of a person, notwithstanding a statutory disqualification
19h-1(a)(4) – Notification of proposed admission or continuance of a person pursuant to an exception from the notice requirements provided in 19h-1(a)(3)(ii), (iv), or (v)
19h-1(b) – Notification of receipt of an application for admission to, or continuance in, participation or membership which would require a notice under 19h-1(a)
19h-1(d) – Application for relief from certain statutory disqualifications

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ICR Summary 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	83	1,060	0	0	-977	0
Annual Time Burden (Hours)	3,960	47,280	0	0	-43,320	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 total estimated burden decreased from 47,280 hours to 3,960 hours, primarily because the Commission reduced the estimated number of respondents from 20 to 1 to account for the fact that our experience reflects that the overwhelming majority of these notices and notifications are submitted by a single SRO.

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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.     Yes

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: 05/12/2025

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