OMB files this comment in accordance with 5 CFR 1320.11( c ). This OMB action is not an approval to conduct or sponsor an information collection under the Paperwork Reduction Act of1995. 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. Pursuant to 5 CFR 1320.11(c), OMB files this comment on this information collection request (ICR). In accordance with 5 CFR 1320, OMB is withholding approval at this time. The agency shall examine public comment in response to the NPRM and will describe in the preamble of the final rule how the agency has maximized the practical utility of the collection and minimized the burden. The next submission to OMB must include the draft final rule.
Inventory as of this Action
Requested
Previously Approved
36 Months From Approved
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The CTA Plan and the Nasdaq UTP Plan are joint-industry plans that provide for the dissemination of last sale information for equity securities and set forth the arrangements for dissemination of consolidated trade information. As part of its effort to address the inadequacy of the current level of post-trade transparency of ATSs, the Commission proposed to amend the CTA Plan and Nasdaq UTP Plan to require the disclosure of the identity of individual ATSs on trade reports in the public data stream, the same way exchange trades are identified. First, the proposed Plan amendments would require the disclosure of the identity of those ATSs subject to Regulation ATS on trade reports in the public data steam. Specifically, the proposed Plan amendments, by redefining terms in the Plans, indirectly would require ATSs to include a unique identifier when transmitting last sale price data to FINRA. Second, the proposed Plan amendments would require FINRA to transmit to the SIPs a unique identifier from each ATS subject to Regulation ATS, unless the trade is a large size trade (a trade with a market value of at least $200,000). Third, the proposed Plan amendments would require the SIPs for the Plans to disseminate information provided to them by FINRA.
US Code:
15 USC 78K-1(A)(1)
Name of Law: Section 11(A)(1) of the Securities Exchange Act of 1934
The joint-industry plans that provide for the dissemination of last sale information for equity securities are the Consolidated Tape Association Plan (ÂCTA PlanÂ) and the Joint Self-Regulatory Organization Plan Governing the Collection, Consolidation, and Dissemination of Quotation and Transaction Information for Nasdaq-Listed Securities Traded on Exchanges on an Unlisted Trading Privileges Basis (ÂNasdaq UTP PlanÂ) (collectively Âthe PlansÂ). The Plans govern the arrangements for disseminating consolidated trade information. Among other things, the Plans require the individual self-regulatory organizations ("SROs") to provide trade information (including information identifying the exchange where the trade was executed) for a national market system ("NMS") stock to a securities information processor (ÂSIPÂ), which then consolidates the information into a single stream for dissemination to the public.
As part of its effort to address the inadequacy of the current level of post-trade transparency of alternative trading systems ("ATSs"), the Commission proposed to amend the Plans to require the disclosure of the identity of individual ATSs on trade reports in the public data stream, the same way exchange trades are identified.
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No
No
No
Uncollected
No
Uncollected
Kathy England 2025515527
No
On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control number;
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.
PRA Supporting Statement CTA UTP Post-Trade Transparency.doc
CTA Plan and the Nasdaq UTP Plan; Post-Trade Transparency for ATSs -- SIPs