Notice2021-22904
Proposed Collection; Comment Request
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
October 21, 2021
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 86 Issue 201 (Thursday, October 21, 2021)</title>
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[Federal Register Volume 86, Number 201 (Thursday, October 21, 2021)]
[Notices]
[Pages 58329-58330]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2021-22904]
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SECURITIES AND EXCHANGE COMMISSION
[SEC File No. 270-451, OMB Control No. 3235-0763]
Proposed Collection; 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 304 of Regulation ATS and Form ATS
Notice is hereby given that pursuant to the Paperwork Reduction Act
of 1995 (``PRA'') (44 U.S.C. 3501 et seq.), the Securities and Exchange
Commission (``Commission'') is soliciting comments on the existing
collection of information provided for in Rule 304 of Regulation ATS
(17 CFR 242.304) and Form ATS-N under the Securities Exchange Act of
1934 (15 U.S.C. 78a et seq.) (``Exchange Act''). The Commission plans
to submit this existing collection of information to the Office of
Management and Budget (``OMB'') for extension and approval.
Regulation ATS provides a regulatory structure for alternative
trading systems. Rule 304 of Regulation ATS provides conditions for NMS
Stock ATSs seeking to rely on the exemption from the definition of
``exchange'' provided by Rule 3a1-1(a) of the Exchange Act, including
to file a Form ATS-N, and for that Form ATS-N to become effective. Form
ATS-N requires NMS Stock ATSs to provide information about their manner
of operations, the broker-dealer operator, and the ATS-related
activities of the broker-dealer operator and its affiliates to comply
with the conditions provided under Rule 304. Form ATS-N promotes more
efficient and effective market operations by providing more
transparency to market participants about the operations of NMS Stock
ATSs and the potential conflicts of interest of the controlling broker-
dealer operator and its affiliates, and helps brokers meet their best
execution obligations to their customers. Operational transparency
rules, including Form ATS-N, are designed to increase competition among
trading centers in regard to order routing and execution quality.
The Commission staff estimates that entities subject to the
requirements of Rule 304 and Form ATS-N will spend a total of
approximately 2,042 hours a year to comply with the Rule.
Written comments are invited on: (a) Whether the proposed
collection of information is necessary for the proper performance of
the functions of the
[[Page 58330]]
Commission, including whether the information shall have practical
utility; (b) the accuracy of the Commission's estimates of the burden
of the proposed collection of information; (c) ways to enhance the
quality, utility, and clarity of the information collected; and (d)
ways to minimize the burden of the collection of information on
respondents, including through the use of automated collection
techniques or other forms of information technology. Consideration will
be given to comments and suggestions submitted in writing within 60
days of this publication.
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 number.
Please direct your written comments to: David Bottom, Director/
Chief Information Officer, Securities and Exchange Commission, c/o
Cynthia Roscoe, 100 F Street NE, Washington, DC 20549, or send an email
to: <a href="/cdn-cgi/l/email-protection#c6969487998ba7afaaa4a9be86b5a3a5e8a1a9b0"><span class="__cf_email__" data-cfemail="9cccceddc3d1fdf5f0fef3e4dceff9ffb2fbf3ea">[email protected]</span></a>.
Dated: October 15, 2021.
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2021-22904 Filed 10-20-21; 8:45 am]
BILLING CODE 8011-01-P
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