Rule 303 (17 CFR 242.303) Record Preservation Requirements for Alternative Trading Systems

ICR 201604-3235-016

OMB: 3235-0505

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2016-04-27
ICR Details
3235-0505 201604-3235-016
Historical Inactive 201305-3235-006
SEC TM-270-450
Rule 303 (17 CFR 242.303) Record Preservation Requirements for Alternative Trading Systems
Revision of a currently approved collection   No
Regular
Comment filed on proposed rule and continue 07/28/2016
Retrieve Notice of Action (NOA) 04/28/2016
Pursuant to 5 CFR 1320.11(c), OMB files this comment on this information collection request (ICR. 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
09/30/2016 36 Months From Approved 11/30/2016
92 0 92
1,380 0 1,380
0 0 0

Rule 303 provides that alternative trading systems must preserve certain records for a certain amount of time, including records made pursuant to Rule 302, notices to subscribers, certain documents relating to compliance with the fair access and capacity, integrity and security requriements set forth in Rule 301, and organizational documents. The rule describes how such records must be maintained, what entities may perform this function, and how long records must be preserved.

US Code: 15 USC 78a Name of Law: Securities Exchange Act of 1934
  
None

3235-AL66 Proposed rulemaking 80 FR 80997 12/28/2015

No

Yes
Changing Regulations
Yes
Changing Regulations
The estimated hour burden associated with Rule 303 of Regulation ATS has decreased despite the additional burden hours from the new proposed requirements from 1,380 hours per year to 1305 hours per year. This decrease results primarily from a decrease in the number of ATSs from 92 to 84.

$0
No
No
No
No
No
Uncollected
Dhawal Sharma 202 551-5779

  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.
04/28/2016


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