Rule 303 (17 CFR 242.303) Record Preservation Requirements for Alternative Trading Systems

Forms and Documents

Document Name	Status
3235-0505 60 Day Notice.pdf Supplementary Document	2021-09-23
3235-0505 30 Day Notice.pdf Supplementary Document	2021-09-23
DGL REVISED FINAL FINAL 2021 Supporting statement for Rule 303 (DGL and DG changes) v2.pdf Supporting Statement A	2021-06-25

IC Document Collections

IC ID	Document Title	Status
35275	Rule 303 (17 CFR 242.303) Record Preservation Requirements for Alternative Trading Systems	Modified
232441	Rule 303(a)(2)(ii) - Record Preservation Requirements for Alternative Trading Systems	Modified

ICR Details

OMB Control No: 3235-0505	ICR Reference No: 202101-3235-010
Status: Received in OIRA	Previous ICR Reference No: 201807-3235-014
Agency/Subagency: SEC	Agency Tracking No: TM-270-450
Title: Rule 303 (17 CFR 242.303) Record Preservation Requirements for Alternative Trading Systems
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular	Date Submitted to OIRA: 09/23/2021

	Requested	Previously Approved
Expiration Date	36 Months From Approved	10/31/2021
Responses	96	97
Time Burden (Hours)	1,412	1,335
Cost Burden (Dollars)	0	0

---

Abstract: Rule 303 provides that alternative trading systems must preserve certain records for a certain amount of time, including records made pursuant to Rule 302, notices to subscribers, certain documents relating to compliance with the fair access and capacity, integrity and security requriements set forth in Rule 301, and organizational documents. The rule describes how such records must be maintained, what entities may perform this function, and how long records must be preserved.

---

Authorizing Statute(s): US Code: 15 USC 78a Name of Law: Securities Exchange Act of 1934
  

Citations for New Statutory Requirements: None

---

Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

---

Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	86 FR 35558	07/06/2021
30-day Notice:	Federal Register Citation:	Citation Date:
	86 FR 52704	09/22/2021
Did the Agency receive public comments on this ICR? No

---

Number of Information Collection (IC) in this ICR: 2

IC Title	Form No.	Form Name
Rule 303(a)(2)(ii) - Record Preservation Requirements for Alternative Trading Systems
Rule 303 (17 CFR 242.303) Record Preservation Requirements for Alternative Trading Systems

---

ICR Summary of Burden

	Total Request	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	96	97	0	0	-1	0
Annual Time Burden (Hours)	1,412	1,335	0	0	77	0
Annual Cost Burden (Dollars)	0	0	0	0	0	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 hour burden associated with Rule 303 of Regulation ATS has increased from approximately 1,335 hours per year to approximately 1,412.00 hours per year. This increase results primarily from an increase in the number of ATSs from 87 to 94.

---

Annual Cost to Federal Government: $0

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? No

---

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: 09/23/2021

---