60 Day Notice

3235-0462.pdf

Display of Customer Limit Orders (17 CFR 242.604

60 Day Notice

OMB: 3235-0462

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Federal Register / Vol. 87, No. 122 / Monday, June 27, 2022 / Notices

Commission will institute proceedings
to determine whether the proposed rule
change should be approved or
disapproved.
IV. Solicitation of Comments
Interested persons are invited to
submit written data, views, and
arguments concerning the foregoing,
including whether the proposed rule
change is consistent with the Act.
Comments may be submitted by any of
the following methods:

jspears on DSK121TN23PROD with NOTICES1

Electronic Comments
• Use the Commission’s internet
comment form (http://www.sec.gov/
rules/sro.shtml); or
• Send an email to rule-comments@
sec.gov. Please include File Number SR–
NYSEAMER–2022–25 on the subject
line.
Paper Comments
• Send paper comments in triplicate
to Secretary, Securities and Exchange
Commission, 100 F Street NE,
Washington, DC 20549–1090.
All submissions should refer to File
Number SR–NYSEAMER–2022–25. This
file number should be included on the
subject line if email is used. To help the
Commission process and review your
comments more efficiently, please use
only one method. The Commission will
post all comments on the Commission’s
internet website (http://www.sec.gov/
rules/sro.shtml). Copies of the
submission, all subsequent
amendments, all written statements
with respect to the proposed rule
change that are filed with the
Commission, and all written
communications relating to the
proposed rule change between the
Commission and any person, other than
those that may be withheld from the
public in accordance with the
provisions of 5 U.S.C. 552, will be
available for website viewing and
printing in the Commission’s Public
Reference Room, 100 F Street NE,
Washington, DC 20549 on official
business days between the hours of
10:00 a.m. and 3:00 p.m. Copies of the
filing also will be available for
inspection and copying at the principal
office of the Exchange. All comments
received will be posted without change.
Persons submitting comments are
cautioned that we do not redact or edit
personal identifying information from
comment submissions. You should
submit only information that you wish
to make available publicly. All
submissions should refer to File
Number SR–NYSEAMER–2022–25 and
should be submitted on or before July
18, 2022.

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19:35 Jun 24, 2022

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For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.20
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2022–13591 Filed 6–24–22; 8:45 am]
BILLING CODE 8011–01–P

SECURITIES AND EXCHANGE
COMMISSION
[SEC File No. 270–405, OMB Control No.
3235–0462]

Proposed Collection; Comment
Request; Extension: Customer
Account Statements
Upon Written Request, Copies Available
From: Securities and Exchange
Commission, Office of FOIA Services,
100 F Street NE, Washington, DC
20549–2736
Notice is hereby given that pursuant
to the Paperwork Reduction Act of 1995
(44 U.S.C. 3501 et seq.) (‘‘PRA’’), the
Securities and Exchange Commission
(‘‘Commission’’) is soliciting comments
on the existing collection of information
provided for in Rule 604 (17 CFR
242.604) under the Securities Exchange
Act of 1934 (17 U.S.C. 78a et seq.)
(‘‘Exchange Act’’). The Commission
plans to submit this existing collection
of information to the Office of
Management and Budget) (‘‘OMB’’) for
extension and approval.
Rule 604 requires specialists and
market makers to publish customer limit
orders that are priced superior to the
bids or offers being displayed by each
such specialist or market maker.1
Customer limit orders that match the
bid or offer being displayed by a
specialist or market maker must be
published if the limit price also matches
the national best bid or offer (‘‘NBBO’’)
and the size of the customer limit order
is more than de minimis (i.e., more than
10% of the specialist’s or market
maker’s displayed size).
The information collected pursuant to
Rule 604 is necessary to facilitate the
establishment of a national market
system for securities. The publication of
trading interests that improve
specialists’ and market makers’ quotes
presents investors with improved
execution opportunities and improved
access to the best available prices when
they buy or sell securities.
The Commission estimates that
approximately 318 respondents will
respond to the collection of information

requirements each time they receive a
displayable customer limit order. The
Commission further estimates that a
respondent will receive a customer limit
order, on average, 15,136.767 times per
trading day with an estimate average
time of 0.1 second per quote update.
Accordingly, assuming 252 days in a
trading year, an average 105.957 hours
per year per respondent, the
Commission estimates that the total
annual burden for all respondents is
33,694 hours.
Written comments are invited on: (a)
whether the proposed collection of
information is necessary for the proper
performance of the functions of the
Commission, including whether the
information shall have practical utility;
(b) the accuracy of the Commission’s
estimates of the burden of the proposed
collection of information; (c) ways to
enhance the quality, utility, and clarity
of the information collected; and (d)
ways to minimize the burden of the
collection of information on
respondents, including through the use
of automated collection techniques or
other forms of information technology.
Consideration will be given to
comments and suggestions submitted in
writing by August 26, 2022.
An agency may not conduct or
sponsor, and a person is not required to
respond to, a collection of information
under the PRA unless it displays a
currently valid OMB control number.
Please direct your written comments
to: David Bottom, Director/Chief
Information Officer, Securities and
Exchange Commission, c/o John
Pezzullo, 100 F Street NE, Washington,
DC 20549 or send an email to: PRA_
[email protected].
Dated: June 21, 2022.
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2022–13603 Filed 6–24–22; 8:45 am]
BILLING CODE 8011–01–P

20 17

CFR 200.30–3(a)(12), (59).
Securities Exchange Act Release No.
37619A (September 6, 1996), 61 FR 48290
(September 12, 1996).
1 See

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