Notice2024-20199
Proposed Collection; Comment Request; Extension: Rule 301 of Regulation ATS
Primary source
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Published
September 9, 2024
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 89 Issue 174 (Monday, September 9, 2024)</title>
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[Federal Register Volume 89, Number 174 (Monday, September 9, 2024)]
[Notices]
[Pages 73136-73137]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-20199]
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SECURITIES AND EXCHANGE COMMISSION
[SEC File No. 270-451, OMB Control No. 3235-0509]
Proposed Collection; Comment Request; Extension: Rule 301 of
Regulation 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
[[Page 73137]]
(``Commission'') is soliciting comments on the existing collection of
information provided for in Rule 301 of Regulation ATS (17 CFR 242.301)
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.
Regulation ATS provides a regulatory structure for alternative
trading systems. Rule 301 of Regulation ATS contains certain record
keeping and reporting requirements, as well as additional obligations
that apply only to alternative trading systems with significant volume.
The Rule requires all alternative trading systems that wish to comply
with Regulation ATS to file an initial operation report on Form ATS.
Alternative trading systems are also required to supply updates on Form
ATS to the Commission describing material changes to the system, file
quarterly transaction reports on Form ATS-R, and file cessation of
operations reports on Form ATS. An alternative trading system with
significant volume is required to comply with requirements for fair
access and systems capacity, integrity, and security.
The Commission staff estimates that entities subject to the
requirements of Rule 301 will spend a total of approximately 2,983
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 system's
capacity, integrity and security requirements.
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
November 8, 2024.
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: Austin Gerig, Director/
Chief Data Officer, Securities and Exchange Commission, c/o Oluwaseun
Ajayi, 100 F Street NE, Washington, DC 20549, or send an email to:
<a href="/cdn-cgi/l/email-protection#2c7c7e6d73614d45404e43546c5f494f024b435a"><span class="__cf_email__" data-cfemail="dc8c8e9d8391bdb5b0beb3a49cafb9bff2bbb3aa">[email protected]</span></a>.
Dated: September 3, 2024.
Vanessa A. Countryman,
Secretary.
[FR Doc. 2024-20199 Filed 9-6-24; 8:45 am]
BILLING CODE 8011-01-P
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