Rules 201 and 200(g)

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
3235-0670 30 Day Notice.pdf	Supplementary Document	Uploaded 2019-12-17	Available
3235-0670 60 day notice.pdf	Supplementary Document	Uploaded 2019-12-17	Available
DGL REVISED 2019 Supporting Stmt for Rules 201 and 200(g) OTP Draft 9.6.19 (updated).pdf	Supporting Statement A	Uploaded 2019-09-06	Available

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
208818	"Short exempt" marking requirement		Modified
208817	All b-d's ensuring their policies & procedures are up-to-date		Modified
194114	All trading centers ensuring their written policies are up-to-date		Modified
194113	New non-SRO trading centers registering		Modified
192813	New SRO trading centers registering with Commission		Unchanged

ICR Details

OMB Control No: 3235-0670	ICR Reference No: 201906-3235-015
Status: Active	Previous ICR Reference No: 201611-3235-003
Agency/Subagency: SEC	Agency Tracking No: TM-270-606
Title: Rules 201 and 200(g)
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 without change	Conclusion Date: 02/05/2020
	Date Received in OIRA: 12/17/2019
Terms of Clearance:

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	02/28/2023	36 Months From Approved	02/29/2020
Responses	7,896	0	8,152,590,547
Time Burden (Hours)	1,621,571	0	2,908,309
Cost Burden (Dollars)	220,000	0	120,000

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Abstract: 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.”

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Authorizing Statute(s): 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
  

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:
	84 FR 48693	09/16/2019
30-day Notice:	Federal Register Citation:	Citation Date:
	84 FR 64176	11/20/2019
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 5

table that charts list of burden

IC Title	Form No.	Form Name
New non-SRO trading centers registering
All b-d's ensuring their policies & procedures are up-to-date
"Short exempt" marking requirement
New SRO trading centers registering with Commission
All trading centers ensuring their written policies are up-to-date

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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	7,896	8,152,590,547	0	0	-8,152,582,651	0
Annual Time Burden (Hours)	1,621,571	2,908,309	0	0	-1,286,738	0
Annual Cost Burden (Dollars)	220,000	120,000	0	0	100,000	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: The estimated time burden associated with new non-SRO trading centers establishing, maintaining, and enforcing written policies and procedures increased from 800 hours per year to 1,600 hours per year because the estimated number of such respondents increased from 5 per year to 10 per year. The estimated time burden of all trading centers assuring that their written policies and procedures are up-to-date decreased from125,928 hours per year to 108,900 hours per year because the estimated number of such respondents decreased from 318 to 275. The estimated time burden of all broker-dealers assuring that their written policies and procedures are up-to-date decreased from 1,648,152 hours per year to 1,506,780 hours per year because the estimated number of such respondents decreased from 4,162 to 3,805. The estimated time burden associated with the broker-dealer marking requirements has decreased because the estimated number of such respondents decreased from 4,162 to 3,805 and the estimated number of short exempt transactions per respondent decreased. In addition, the estimated time burden for the marking requirements decreased because it was incorrectly calculated in the prior PRA extension. The estimated cost burden associated with new non-SRO trading centers establishing, maintaining, and enforcing written policies and procedures increased from $100,000 per year to $200,000 hours per year because the estimated number of such respondents increased from 5 per year to 10 per year.

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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

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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: 12/17/2019

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