View Information Collection Request (ICR) Package

OMB Control No: 3235-0542	ICR Reference No: 202303-3235-029
Status: Historical Inactive	Previous ICR Reference No: 202104-3235-015
Agency/Subagency: SEC	Agency Tracking No: TM-270-488
Title: Rule 605 of Regulation NMS (f/k/a Rule 11Ac1-5)
Type of Information Collection: Revision of a currently approved collection	Common Form ICR: No
Type of Review Request: Regular
OIRA Conclusion Action: Comment filed on proposed rule and continue	Conclusion Date: 05/26/2023
	Date Received in OIRA: 03/23/2023
Terms of Clearance: Pursuant to 5 CFR 1320.11(c), OMB files this comment on this information collection request (ICR). This OMB action is not an approval to conduct or sponsor an information collection under the Paperwork Reduction Act of 1995. This action has no effect on any current approvals. If OMB has assigned this ICR a new OMB Control Number, the OMB Control Number will not appear in the active inventory. For future submissions of this information collection, reference the OMB Control Number provided. The agency shall examine public comment in response to the NPRM and will describe in the supporting statement of its next collection any public comments received regarding the collection as well as why (or why it did not) incorporate the commenter’s recommendation. The next submission to OMB must include the draft final rule.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	05/31/2025	05/31/2025	05/31/2025
Responses	3,828	0	3,828
Time Burden (Hours)	22,968	0	22,968
Cost Burden (Dollars)	11,399,784	0	11,399,784

Abstract: The information disclosed under Rule 605 of Regulation NMS will be used by investors, broker-dealers and market centers to help analyze order execution practices and evaluate different market centers. Respondents will be market centers. Proposed Partial Revision: On December 14, 2022, the Commission proposed amendments to Rule 605 to update the disclosure required for order executions in national market system (“NMS”) stocks. The Commission is proposing to revise the existing information collection and apply such collection of information to new categories of respondents and to add new information collections.

Authorizing Statute(s): US Code: 15 USC 78q Name of Law: Securities Exchange Act of 1934
US Code: 15 USC 17k-1 Name of Law: Securities Exchange Act of 1934

Citations for New Statutory Requirements: None

Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
3235-AL67	Proposed rulemaking	88 FR 3786	01/20/2023

Federal Register Notices & Comments
Did the Agency receive public comments on this ICR? No

Burden increases because of Program Change due to Agency Discretion: Yes

Burden Increase Due to: Changing Regulations

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: The Commission has proposed rule amendments that would modify the existing information collection in this OMB number (including a revision to its title) and that would add three new information collections. These are described in more detail in the attached Supporting Statement. Please note the information collections are listed in a slightly different order in ROCIS than in the Supporting Statement, and this is due to how we organized the discussion of the new information collections in the Supporting Statement.

Annual Cost to Federal Government: $0

Does this IC contain surveys, censuses, or employ statistical methods? No

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination. No

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination. No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? No

Agency Contact: David Michehl 202 551-5627

View ICR - OIRA Conclusion