Rule 19b-5 and Form PILOT

Forms and Documents

Document	Type	Status	Availability
Form SEC 2552 Pilot Trading System Rule Filing Requirements (Initial Reports)	Form and Instruction	Modified	Available
2013 Rule 19b-5 Justification v2.pdf	Supporting Statement A	Uploaded 2013-10-23	Available

IC Document Collections

IC ID	Collection	Type	Status	Form
35281	Pilot Trading System Rule Filing Requirements (Initial Reports)	Form and Instruction	Modified
193363	Pilot Trading System Rule Filing Requirements (Material System Changes)		Modified
193362	Pilot Trading System Rule Filing Requirements (Quarterly Reports)		Modified

ICR Details

OMB Control No: 3235-0507	ICR Reference No: 201306-3235-002
Status: Historical Active	Previous ICR Reference No: 201006-3235-014
Agency/Subagency: SEC	Agency Tracking No: TM-270-448
Title: Rule 19b-5 and Form PILOT
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved with change	Conclusion Date: 10/28/2013
	Date Received in OIRA: 08/15/2013
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	10/31/2016	36 Months From Approved	10/31/2013
Responses	21	0	21
Time Burden (Hours)	126	0	126
Cost Burden (Dollars)	10,047	0	38,775

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Abstract: Rule 19b-5 permits a self-regulatory organization (SRO) to operate a pilot trading system, under certain conditions, for two years without submitting a proposed rule change to the Commission pursuant to Rule 19b-4. SROs availing themselves of Rule 19b-5 are required to file a Form PILOT at least 20 days before com- mencing operation of the system. SROs are also required to file notices of material systems changes and quarterly activity re- ports on Form PILOT.

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Authorizing Statute(s): US Code: 17 USC 78s(b) Name of Law: Securities Exchange Act of 1934
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	78 FR 34135	06/06/2013
30-day Notice:	Federal Register Citation:	Citation Date:
	78 FR 48918	08/12/2013
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 3

IC Title	Form No.	Form Name
Pilot Trading System Rule Filing Requirements (Material System Changes)
Pilot Trading System Rule Filing Requirements (Initial Reports)	SEC 2552	PILOT
Pilot Trading System Rule Filing Requirements (Quarterly Reports)

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ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to New Statute	Change Due to Agency Discretion	Change Due to Adjustment in Estimate	Change Due to Potential Violation of the PRA
Annual Number of Responses	21	21	0	0	0	0
Annual Time Burden (Hours)	126	126	0	0	0	0
Annual Cost Burden (Dollars)	10,047	38,775	0	0	-28,728	0

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

Burden Increase Due to:

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

Burden Reduction Due to:

Short Statement:

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Annual Cost to Federal Government: $6,663

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

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? 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? Uncollected

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Common Form ICR:  No

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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:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(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;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

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.

Certification Date: 08/15/2013

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