Transaction Fee Pilot for NMS Stocks

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
TFP Final Rule Supporting Statement (Dec. 21, 2018).pdf	Supporting Statement A	Uploaded 2019-02-21	Available

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
230801	Order Routing Data		Modified
230800	Exchange Transaction Fee Summaries		Modified
230798	Pilot Securities Exchange Lists and Pilot Securities Change Lists		Modified

ICR Details

OMB Control No: 3235-0761	ICR Reference No: 201812-3235-006
Status: Historical Active	Previous ICR Reference No: 201709-3235-015
Agency/Subagency: SEC	Agency Tracking No: TM-270-772
Title: Transaction Fee Pilot for NMS Stocks
Type of Information Collection: New collection (Request for a new OMB Control Number)	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 04/17/2019
Retrieve Notice of Action (NOA)	Date Received in OIRA: 02/21/2019
Terms of Clearance:

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	04/30/2022	36 Months From Approved
Responses	1,824	0	0
Time Burden (Hours)	3,906	0	0
Cost Burden (Dollars)	0	0	0

---

Abstract: The Securities & Exchange Commission is adopting rules to institute a pilot to assess the effect that exchange transaction fees may have on order routing behavior, execution quality, and market quality.

---

Authorizing Statute(s): US Code: 15 USC 78q Name of Law: Records and reports
   US Code: 15 USC 78a Name of Law: Securities Exchange Act of 1934
   US Code: 15 USC 78k-1 Name of Law: National market system for securities; securities information processors
   US Code: 15 USC 78w(a) Name of Law: Rules, regulations, and orders; annual reports
  

Citations for New Statutory Requirements: None

---

Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
3235-AM04	Final or interim final rulemaking	84 FR 5202	02/20/2019

---

Federal Register Notices & Comments

Did the Agency receive public comments on this ICR? No

---

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

table that charts list of burden

IC Title	Form No.	Form Name
Exchange Transaction Fee Summaries
Order Routing Data
Pilot Securities Exchange Lists and Pilot Securities Change Lists

---

ICR Summary of Burden

table that charts list 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	1,824	0	0	1,824	0	0
Annual Time Burden (Hours)	3,906	0	0	3,906	0	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

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 collections of information in the rules are new; however, the Commission previously prepared a PRA analysis when the rules were proposed. The Commission's revised its estimated burden in the final rule for the Pilot Securities Exchange List information collection based on the suggestion of a commenter, as well as to reflect that there is one additional respondent and that respondents are not required to update the lists during the six-month pre-Pilot period.

---

Annual Cost to Federal Government:

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: 02/21/2019

---