Rule 31 Section 31 transaction fees; Form R31-Form for reporting covered sales and covered round turn transactions under Section 31 of the Securities Exchange Act of 1934

Forms and Documents

Document Name	Status
Form SEC 2502 (7-04) Rule 31 - FINRA Form and Instruction	Unchanged
DGL REVISED 2019 Rule 31 PRA supporting stmt.pdf Supporting Statement A	2019-08-06

IC Document Collections

IC ID	Document Title	Status
43051	Rule 31 - FINRA Form and Instruction	Unchanged
221711	Rule 31 - New NSCC Only Exchange	Unchanged
207100	Rule 31 - New dual exchange	Unchanged
207099	Rule 31 - New OCC-only exchange	Modified
207098	Rule 31 - Dual exchanges	Modified
207097	Rule 31 - NSCC only exchanges	Modified
207096	Rule 31 - OCC only exchanges	Modified
207095	Rule 31 - OCC	Unchanged
207094	Rule 31 - NSCC	Unchanged

ICR Details

OMB Control No: 3235-0597	ICR Reference No: 201903-3235-010
Status: Active	Previous ICR Reference No: 201605-3235-011
Agency/Subagency: SEC	Agency Tracking No: TM-270-537
Title: Rule 31 Section 31 transaction fees; Form R31-Form for reporting covered sales and covered round turn transactions under Section 31 of the Securities Exchange Act of 1934
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 09/25/2019
	Date Received in OIRA: 08/06/2019
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	09/30/2022	36 Months From Approved	10/31/2019
Responses	348	0	312
Time Burden (Hours)	408	0	408
Cost Burden (Dollars)	0	0	0

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Abstract: Rule 31 establishes the procedure for calculating the fees and assessments due from national securities exchanges and national securities associations (collectively, “SROs”) pursuant to Section 31 of the Exchange Act. Under Rule 31, the SROs are required to submit Form R31 to the SEC within ten business days after the end of every month. The SROs are required to report on Form R31 data on all sales of securities that are subject to Section 31 fees and all of round turn transactions in security futures that are subject to Section 31 assessments. Based on that data, the SEC calculates the fees and assessments owed by each SRO.

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Authorizing Statute(s): US Code: 15 USC 78ee 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:
	84 FR 16739	04/22/2019
30-day Notice:	Federal Register Citation:	Citation Date:
	84 FR 31646	07/02/2019
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 9

IC Title	Form No.	Form Name
Rule 31 - NSCC
Rule 31 - OCC only exchanges
Rule 31 - FINRA	SEC 2502 (7-04)	Form R31
Rule 31 - NSCC only exchanges
Rule 31 - Dual exchanges
Rule 31 - New OCC-only exchange
Rule 31 - New dual exchange
Rule 31 - OCC
Rule 31 - New NSCC Only Exchange

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ICR Summary of Burden

	Total Approved	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	348	312	0	0	36	0
Annual Time Burden (Hours)	408	408	0	0	0	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 burden hours of 408 did not change. However, the number of respondents has increased (due to new exchanges completing registration during the past three years) and the classification type of certain current respondents (i.e., OCC-only exchange, NSCC-only exchange, or dual exchange) has changed due to previously incorrect classifications being corrected.

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Annual Cost to Federal Government: $18,464

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? Uncollected

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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: 08/06/2019

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