Notice2026-01211
Agency Information Collection Activities; Proposed Collection; Comment Request; Extension: Rule 201 and Rule 200(g) of Regulation SHO
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
January 23, 2026
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 91 Issue 15 (Friday, January 23, 2026)</title>
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[Federal Register Volume 91, Number 15 (Friday, January 23, 2026)]
[Notices]
[Pages 2986-2987]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2026-01211]
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SECURITIES AND EXCHANGE COMMISSION
[OMB Control No. 3235-0670]
Agency Information Collection Activities; Proposed Collection;
Comment Request; Extension: Rule 201 and Rule 200(g) of Regulation SHO
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 (44 U.S.C. 3501 et seq.), the Securities and Exchange
Commission (``SEC'' or ``Commission'') is soliciting comments on the
existing collection of information provided for in Rule 201 (17 CFR
242.201) and Rule 200(g) (17 CFR 242.200(g)) 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.
Rule 201 is a short sale-related circuit breaker rule that, if
triggered, imposes a restriction on the prices at which securities may
be sold short. Rule 200(g) provides that a broker-dealer may mark
certain qualifying sell orders ``short exempt.'' The information
collected under Rule 201's written policies and procedures requirement
applicable to trading centers, the written policies and procedures
requirement of the broker-dealer provision of Rule 201(c), the written
policies and procedures requirement of the riskless principal provision
of Rule 201(d)(6), and the ``short exempt'' marking requirement of Rule
200(g) enable the Commission and self-regulatory organizations
(``SROs'') to examine and monitor for compliance with the requirements
of Rule 201 and Rule 200(g).
In addition, the information collected under Rule 201's written
policies and procedures requirement applicable to trading centers help
ensure that trading centers do not execute or display any impermissibly
priced short sale orders, unless an order is marked ``short exempt,''
in accordance with the Rule's requirements. Similarly, the information
collected under the written policies and procedures requirement of the
broker-dealer provision of Rule 201(c) and the riskless principal
provision of Rule 201(d)(6) help to ensure that broker-dealers comply
with the requirements of these provisions. The information collected
pursuant to the ``short exempt'' marking requirement of Rule 200(g)
also provides an indication to a trading center when it must execute or
display a short sale order without regard to whether the short sale
order is at a price that is less than or equal to the current national
best bid.
It is estimated that SRO and non-SRO respondents registered with
the Commission and subject to the collection of information
requirements of Rule 201 and Rule 200(g) incur an aggregate annual
burden of 1,446,553 hours to comply with the Rules and an aggregate
annual external cost of $248,000.
An agency may not conduct or sponsor, and a person is not required
to respond to, a collection of information unless it displays a
currently valid OMB Control Number.
Written comments are invited on: (a) whether this proposed
collection of information is necessary for the proper performance of
the functions of the SEC, including whether the information will have
practical utility; (b) the accuracy of the SEC's estimate of the burden
imposed by the proposed collection of information, including the
validity of the methodology and the assumptions
[[Page 2987]]
used; (c) ways to enhance the quality, utility, and clarity of the
information to be collected; and (d) ways to minimize the burden of the
collection of information on respondents, including through the use of
automated, electronic collection techniques or other forms of
information technology.
Please direct your written comments on this 60-Day Collection
Notice to Austin Gerig, Director/Chief Data Officer, Securities and
Exchange Commission, c/o Tanya Ruttenberg via email to
<a href="/cdn-cgi/l/email-protection#a9f9c8d9ccdbdec6dbc2fbcccddccaddc0c6c7e8cadde9daccca87cec6df"><span class="__cf_email__" data-cfemail="aafacbdacfd8ddc5d8c1f8cfcedfc9dec3c5c4ebc9deead9cfc984cdc5dc">[email protected]</span></a> by March 24, 2026. There will be a second
opportunity to comment on this SEC request following the Federal
Register publishing a 30-Day Submission Notice.
Dated: January 20, 2026.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2026-01211 Filed 1-22-26; 8:45 am]
BILLING CODE 8011-01-P
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