Notice2021-28434
Submission for OMB Review; Comment Request; Extension: Rule 304 of Regulation ATS and Form ATS
Primary source
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Published
January 3, 2022
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 87 Issue 1 (Monday, January 3, 2022)</title>
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[Federal Register Volume 87, Number 1 (Monday, January 3, 2022)]
[Notices]
[Page 136]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2021-28434]
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SECURITIES AND EXCHANGE COMMISSION
[SEC File No. S7-23-15, OMB Control No. 3235-0763]
Submission for OMB Review; Comment Request; Extension: Rule 304
of Regulation ATS and Form ATS
Upon Written Request, Copies Available From: Securities and Exchange
Commission, Office of FOIA Services, 100 F Street NE, Washington, DC
20549-2736
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'') 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 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'').
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.
Regulation ATS requires ATSs to preserve any records, for at least
three years, made in the process of complying with the systems
capacity, integrity and security requirements.
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.
The public may view background documentation for this information
collection at the following website: <a href="http://www.reginfo.gov">www.reginfo.gov</a>. Find this
particular information collection by selecting ``Currently under 30-day
Review--Open for Public Comments'' or by using the search function.
Written comments and recommendations for the proposed information
collection should be sent within 30 days of publication of this notice
to (i) <a href="http://www.reginfo.gov/public/do/PRAMain">www.reginfo.gov/public/do/PRAMain</a> and (ii) David Bottom,
Director/Chief Information Officer, Securities and Exchange Commission,
c/o John R. Pezzullo, 100 F Street NE, Washington, DC 20549, or by
sending an email to: <a href="/cdn-cgi/l/email-protection#6d3d3f2c32200c04010f02152d1e080e430a021b"><span class="__cf_email__" data-cfemail="1f4f4d5e40527e76737d70675f6c7a7c31787069">[email protected]</span></a>.
Dated: December 28, 2021.
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2021-28434 Filed 12-30-21; 8:45 am]
BILLING CODE 8011-01-P
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