Market Data Infrastructure

Forms and Documents

Document Name	Status
Form CC Form CC Form and Instruction	New
Proposing Release-- Market Data Infrastructure.pdf Supporting Statement B	2020-04-08
Supporting Statement (New Request)-- Market Data Infrastructure.pdf Supporting Statement A	2020-04-08

IC Document Collections

IC ID	Document Title	Status
240875	SRO Market Data	New
240874	NMS Plans Amendment	New
240873	Competing Consolidator Monthly Reports	New
240872	Competing Consolidator Recordkeeping	New
240871	Public Post of Form CC	New
240870	Competing Consolidator Duties and Data Collection - SROs	New
240869	Competing Consolidator Duties and Data Collection - New Entrants	New
240868	Competing Consolidator Duties and Data Collection - SIPs	New
240867	Competing Consolidator Duties and Data Collection - Broker-Dealers	New
240866	Competing Consolidator Duties and Data Collection - Market Data Aggregation	New
240865	Form CC Cessation	New
240864	Form CC Amendment	New
240863	Form CC Form and Instruction	New

ICR Details

OMB Control No: 3235-0778	ICR Reference No: 202003-3235-020
Status: Historical Inactive	Previous ICR Reference No:
Agency/Subagency: SEC	Agency Tracking No: TM-270-823
Title: Market Data Infrastructure
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: Comment filed on proposed rule	Conclusion Date: 06/18/2020
	Date Received in OIRA: 04/08/2020
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. 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
Expiration Date		36 Months From Approved
Responses	0	0	0
Time Burden (Hours)	0	0	0
Cost Burden (Dollars)	0	0	0

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Abstract: The Securities and Exchange Commission is proposing to amend 17 CFR 242, Rules 600 and 603 and to adopt new Rule 614 of Regulation National Market System under the Securities Exchange Act of 1934 to update the national market system for the collection, consolidation, and dissemination of information with respect to quotations for and transactions in national market system stocks (“NMS information”). Specifically, the Commission proposes to expand the content of NMS information that is required to be collected, consolidated, and disseminated as part of the national market system under Regulation NMS and proposes to amend the method by which such NMS information is collected, calculated, and disseminated by introducing a decentralized consolidation model where competing consolidators replace the exclusive securities information processors.

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Authorizing Statute(s): US Code: 17 USC 78k-1 Name of Law: National market system for securities; securities information processors
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
3235-AM61	Proposed rulemaking	85 FR 16726	03/24/2020

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Federal Register Notices & Comments

Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 13

IC Title	Form No.	Form Name
Competing Consolidator Duties and Data Collection - SROs
Public Post of Form CC
Competing Consolidator Recordkeeping
Competing Consolidator Monthly Reports
NMS Plans Amendment
SRO Market Data
Form CC	CC	Form CC
Form CC Amendment
Form CC Cessation
Competing Consolidator Duties and Data Collection - Market Data Aggregation
Competing Consolidator Duties and Data Collection - Broker-Dealers
Competing Consolidator Duties and Data Collection - SIPs
Competing Consolidator Duties and Data Collection - New Entrants

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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 Commission is proposing a rule that would impose both new hour burdens and costs burdens. The proposed rule would update and modernize the national market system for the collection, consolidation, and dissemination of national market system information.

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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.     Yes

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.     Yes

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? No

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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: 04/08/2020

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