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
02/28/2022
03/31/2022
02/28/2022
2,228
0
2,228
113,625
0
113,625
2,860,377
0
2,860,377
Regulation SCI would update and
formalize a regulatory framework for ensuring that the U.S.
securities trading markets develop and maintain systems with
adequate capacity, integrity, resiliency, availability, and
security, and reinforce the requirement that such systems operate
in compliance with relevant laws and rules. Regulation SCI is
intended to advance the goals of the national market system by
enhancing the capacity, integrity, resiliency, availability, and
security of the automated systems of entities important to the
functioning of the U.S. securities markets, and reinforce the
requirement that such systems operate in compliance with the
Exchange Act and relevant rules. The Commission recently proposed
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 (“NMS”)
stocks. Specifically, the Proposal would expand the content of the
information with respect to quotations for and transactions in NMS
stocks that must be made available under Regulation NMS and
introduce a decentralized consolidation model whereby “competing
consolidators” would assume responsibility for the collection,
consolidation, and dissemination functions currently performed by
the exclusive Securities Information Processors (“SIPs”). Among
other things, the Proposal would expand the definition of “SCI
entity” to include competing consolidators, so that all competing
consolidators would be subject to Regulation SCI.
The burden for most of the ICs
in this OMB number would increase if the proposed rule were to be
adopted because the proposal would increase the number of
respondents who would have to comply with the collection of
information. Some of the burden estimates per response would
decrease because some of the new respondents are affiliated with
entities that are already subject to the regulation and, thus,
their initial burdens would not be as great in some cases. However,
because of the increased number of respondents, the estimates are
increasing overall.
$180,000
No
No
No
No
No
No
No
Sara Gillis 2025515523
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.