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OMB Control No: 3235-0778	ICR Reference No: 202305-3235-029
Status: Historical Inactive	Previous ICR Reference No: 202103-3235-009
Agency/Subagency: SEC	Agency Tracking No: TM-270-823
Title: Market Data Infrastructure
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: 08/11/2023
	Date Received in OIRA: 06/15/2023
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	05/31/2024	05/31/2024	05/31/2024
Responses	284	0	284
Time Burden (Hours)	35,715	0	35,715
Cost Burden (Dollars)	49,389,373	0	49,389,373

Abstract: The Securities and Exchange Commission amended 17 CFR 242, Rules 600 and 603 and adopted new Rule 614 of Regulation National Market System under the Securities Exchange Act of 1934 to update the national market system for the collection, consolidation, and dissemination of information with respect to quotations for and transactions in national market system stocks (“NMS information”). Specifically, the Commission expanded the content of NMS information that is required to be collected, consolidated, and disseminated as part of the national market system under Regulation NMS and amended the method by which such NMS information is collected, calculated, and disseminated by introducing a decentralized consolidation model where competing consolidators replace the exclusive securities information processors. In December of 2022, the Commission proposed amendments to Rules 600(b)(78) and 603(b) that would require the SROs to make available all data necessary to generate odd-lot information to the exclusive SIPs. The Proposed Amendments would also require the primary listing exchange for each NMS stock to provide an indicator of the round lot size to the applicable exclusive SIP for dissemination and to calculate and provide to competing consolidators, self-aggregators, and the applicable exclusive SIP an indicator of the applicable minimum pricing increment for dissemination. The Proposed Amendments would increase the burdens of the collection of information entitled “collection and dissemination of information by national securities exchanges and national securities associations.” The Proposed Amendments only affect the SRO Market Data Collection and Dissemination information collection.

Authorizing Statute(s): US Code: 17 USC 78k-1 Name of Law: National market system for securities; securities information processors

Citations for New Statutory Requirements: None

Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
3235-AN23	Proposed rulemaking	87 FR 80266	12/29/2022

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 recently proposed amendments to the rules that would add two new burdens related to the collection and dissemination of information by national securities exchanges and national securities associations. The Commission is also proposing to remove certain monetized hour burdens that were previously included as cost burdens. These proposed changes are discussed in more detail in the attached Supporting Statement-- please note that the proposed new burdens are discussed in the Supporting Statement separately from the existing burdens.

Annual Cost to Federal Government: $210,309

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. Yes

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. Yes

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: Steve Kuan 2025515624

View ICR - OIRA Conclusion