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 commenterâs recommendation. The next submission to OMB must include the draft final rule.
table that charts list comparision
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 (âNMSâ) 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 âcompeting consolidatorsâ would assume responsibility for the collection, consolidation, and dissemination functions currently performed by the exclusive Securities Information Processors (âSIPsâ). Among other things, the Proposal would expand the definition of âSCI entityâ 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
Reginfo record details
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.
Recordkeeping required by Rules 1005 and 1007 - ongoing burden