Rule 606 of Regulation NMS (f/k/a Rule 11Ac1-6)

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
2018-03-08 PRA Supporting Statement amended Rule 606 (FINAL).pdf	Supporting Statement A	Uploaded 2018-03-08	Available

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
35356	Create and issue quarterly report - Retail Order Handling		Modified
230603	Assess payment for order flow and profit-sharing relationships re retail order routing		New
230602	Create retail reports using third party		New
230601	Create retail reports in house		New
230600	Update systems for retail reports using third party		New
230599	Update systems for retail reports in house		New
230598	Document institutional order routing strategies using third party		New
230597	Document institutional order routing strategies in house		New
230596	Create and issue quarterly institutional reports using third party		New
230589	Create and issue quarterly institutional reports in house		New
230588	Respond to customer requests for institutional reports using third party		New
230584	Respond to customer requests for institutional reports in house		New
230583	Create institutional reports using third party		New
230560	Create institutional reports in house		New
230558	Update systems for institutional reports using third party		New
230547	Update systems for institutional reports in house		New
192311	Respond to customer requests - Retail Order Handling		Modified

ICR Details

OMB Control No: 3235-0541	ICR Reference No: 201802-3235-020
Status: Historical Inactive	Previous ICR Reference No: 201601-3235-011
Agency/Subagency: SEC	Agency Tracking No: TM-270-489
Title: Rule 606 of Regulation NMS (f/k/a Rule 11Ac1-6)
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: 05/01/2018
	Date Received in OIRA: 03/09/2018
Terms of Clearance: 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 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. Resubmit when proposed rule is finalized.

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	08/31/2019	36 Months From Approved	08/31/2019
Responses	371,064	0	371,064
Time Burden (Hours)	116,560	0	116,560
Cost Burden (Dollars)	0	0	0

---

Abstract: The information disclosed by Rule 606 of Regulation NMS will be used by investors to evaluate their brokers' order routing decisions, and by broker-dealers to complete on the basis of order routing services. Respondents will be broker-dealers.

---

Authorizing Statute(s): US Code: 15 USC 17k-1 Name of Law: Securities Exchange Act of 1934
   US Code: 15 USC 78q Name of Law: Securities Exchange Act of 1934
  

Citations for New Statutory Requirements: None

---

Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
3235-AL67	Proposed rulemaking	81 FR 49432	07/27/2016

---

Federal Register Notices & Comments

Did the Agency receive public comments on this ICR? No

---

Number of Information Collection (IC) in this ICR: 17

table that charts list of burden

IC Title	Form No.	Form Name
Update systems for institutional reports using third party
Respond to customer requests for institutional reports in house
Respond to customer requests for institutional reports using third party
Create and issue quarterly institutional reports in house
Create institutional reports using third party
Create and issue quarterly institutional reports using third party
Document institutional order routing strategies in house
Document institutional order routing strategies using third party
Update systems for retail reports in house
Update systems for retail reports using third party
Create retail reports in house
Create retail reports using third party
Assess payment for order flow and profit-sharing relationships re retail order routing
Create and issue quarterly report - Retail Order Handling
Respond to customer requests - Retail Order Handling
Update systems for institutional reports in house
Create institutional reports in house

---

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 total annual hourly and cost burden will increase, as the proposed amendments are enhancing the current disclosure requirements for retail order routing and adding new requirements for customer-specific and quarterly reports on institutional order routing.

---

Annual Cost to Federal Government: $0

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.     No

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.     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

---

Common Form ICR:  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:

(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: 03/09/2018

---