Notice2023-09997
Proposed Collection; Comment Request; Extension: Amendments to the National Market System Plan Governing the Consolidated Audit Trail
Primary source
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Published
May 11, 2023
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 88 Issue 91 (Thursday, May 11, 2023)</title>
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[Federal Register Volume 88, Number 91 (Thursday, May 11, 2023)]
[Notices]
[Page 30361]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-09997]
[[Page 30361]]
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SECURITIES AND EXCHANGE COMMISSION
[SEC File No. 270-818, OMB Control No. 3235-0774]
Proposed Collection; Comment Request; Extension: Amendments to
the National Market System Plan Governing the Consolidated Audit Trail
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'') is soliciting comments on the existing
collection of information provided for in connection with amendments
\1\ adopted pursuant to the statutory authority provided by the
Securities Exchange Act of 1934, \2\ including sections
11A(a)(3)(B),\3\ 17(a),\4\ 19(b),\5\ and 23(a) \6\ thereof, and
pursuant to Rule 608(a)(2) and (b)(2),\7\ to a National Market System
(NMS) Plan filed with the Commission under Rule 613 (17 CFR 242.613),
under the Securities Exchange Act of 1934 (15 U.S.C. 78a et seq.). The
Commission plans to submit this existing collection of information to
the Office of Management and Budget (``OMB'') for extension and
approval.
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\1\ See Securities Exchange Act Release No. 88890 (May 15,
2020), 85 FR 31322 (May 22, 2020) (File No. S7-13-19) (``Adopting
Release'').
\2\ See 15 U.S.C. 78a et seq.
\3\ See 15 U.S.C. 78k-1(a)(3)(B).
\4\ See 15 U.S.C. 78q(a).
\5\ See 15 U.S.C. 78s(b).
\6\ See 15 U.S.C. 78w(a).
\7\ See 17 CFR 242.608(a)(2), (b)(2).
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The amendments, as adopted, required two new collections of
information:
a. Implementation Plan. The amendments require the Participants,
within 30 calendar days following the effective date of the amendments,
to prepare, file with the Commission, and make publicly available on a
website a complete CAT implementation plan (``Implementation Plan'')
that includes a detailed timeline for achieving various implementation
milestones.
b. Quarterly Progress Reports. The amendments require the
Participants, within 30 calendar days after the end of each calendar
quarter, to prepare, file with the Commission, and make publicly
available on a website a complete report (the ``Quarterly Progress
Report'') that provides a detailed and up-to-date description of the
progress made by the Participants toward each of the milestones
identified in the Implementation Plan.
The one-time information collection associated with the
Implementation Plan was completed by the Participants, so there will be
no further burdens associated with the Implementation Plan. The
Quarterly Progress Report information collection continues.
There are currently 25 Participants who must complete four
Quarterly Progress Reports per year. The Commission staff estimates
that, on the average, most Quarterly Progress Reports require
approximately 72 hours per Participant, and cost approximately $8,000
per Participant. The Commission staff estimates Participants spend a
total of approximately 7,200 hours per year (25 x 4 x 72) and $800,000
per year (25 x 4 x $8,000) complying 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 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 by
July 10, 2023.
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 John
Pezzullo, 100 F Street NE, Washington, DC 20549, or send an email to:
<a href="/cdn-cgi/l/email-protection#29797b6876644840454b4651695a4c4a074e465f"><span class="__cf_email__" data-cfemail="742426352b39151d18161b0c340711175a131b02">[email protected]</span></a>.
Dated: May 5, 2023.
J. Matthew DeLesDernier,
Deputy Secretary.
[FR Doc. 2023-09997 Filed 5-10-23; 8:45 am]
BILLING CODE 8011-01-P
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