Rules 201 and 200(g)

ICR 201611-3235-003

OMB: 3235-0670

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2017-01-27
ICR Details
3235-0670 201611-3235-003
Historical Active 201309-3235-011
SEC TM-270-606
Rules 201 and 200(g)
Extension without change of a currently approved collection   No
Regular
Approved without change 02/16/2017
Retrieve Notice of Action (NOA) 01/27/2017
  Inventory as of this Action Requested Previously Approved
02/29/2020 36 Months From Approved 02/28/2017
8,152,590,547 0 120,405,042
2,908,309 0 2,029,275
120,000 0 65,928,700

Rule 201 is a short sale-related circuit breaker rule that, when triggered by an intra-day decline in the price of a covered security of 10% or more from the prior day’s closing price for the covered security as determined by the covered security’s listing market, will apply for the remainder of the day and the following day a price test restriction that restricts short sales at or below the current national best bid for the particular covered security. Rule 200(g) will add a new marking requirement of “short exempt.” In particular, if the broker-dealer chooses to rely on its own determination that it is submitting the short sale order to the trading center at a price that is above the current national best bid at the time of the submission, or to rely on an exception specified in the rule, it must mark the order as “short exempt.”

US Code: 15 USC 78b, 78c(b), 78f, 78i(h), 78j Name of Law: Sections 2, 3(b), 6, 9(h), 10 of the Exchange Act
   US Code: 15 USC 78k-1, 78o, 78o-3, 78q, 78q-1 Name of Law: Sections 11A, 15, 15A, 17, 17A of the Exchange Act
   US Code: 15 USC 78s and 78w(a) Name of Law: Sections 19 and 23(a) of the Exchange Act
  
None

Not associated with rulemaking

  81 FR 83917 11/22/2016
82 FR 8645 01/27/2017
No

  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 8,152,590,547 120,405,042 0 0 8,032,185,505 0
Annual Time Burden (Hours) 2,908,309 2,029,275 0 0 879,034 0
Annual Cost Burden (Dollars) 120,000 65,928,700 0 0 -65,808,700 0
No
No
We have updated the number of estimated trading centers, broker-dealers, and annual “short exempt” orders.

No
No
No
No
No
Uncollected
Jennifer Palmer 202 551-5786

  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.
01/27/2017


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