Market Data Infrastructure

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
Form CC Form CC	Form and Instruction	Modified	Available
Form CC Form CC	Form and Instruction	Modified	Repair queued
3235-0778 Suporting Statement (2022 Proposed Partial Revision).pdf	Supporting Statement A	Uploaded 2023-06-15	Available

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
260613	SRO Market Data -- Round lot and minimum pricing increment indicators		New
260611	SRO Market Data -- Odd-lot information to exclusive SIPs		New
246459	Public Posting of Form CC- Ongoing		Unchanged
246458	Form CC Amendment- Ongoing		Modified
240875	SRO Market Data		Modified
240874	NMS Plans Amendment		Modified
240873	Competing Consolidator Monthly Reports		Modified
240872	Competing Consolidator Recordkeeping		Modified
240871	Public Post of Form CC- Initial		Unchanged
240870	Competing Consolidator Duties and Data Collection - SROs		Unchanged
240869	Competing Consolidator Duties and Data Collection - New Entrants		Unchanged
240868	Competing Consolidator Duties and Data Collection - SIPs		Unchanged
240867	Competing Consolidator Duties and Data Collection - Broker-Dealers		Unchanged
240866	Competing Consolidator Duties and Data Collection - Market Data Aggregation		Unchanged
240865	Form CC Cessation		Modified
240864	Form CC Amendment- Initial		Modified
240863	Form CC	Form and Instruction	Modified	Form CC
240863	Form CC	Form and Instruction	Modified

ICR Details

OMB Control No: 3235-0778	ICR Reference No: 202305-3235-029
Status: Historical Inactive	Previous ICR Reference No: 202103-3235-009
Agency/Subagency: SEC	Agency Tracking No: TM-270-823
Title: Market Data Infrastructure
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Comment filed on proposed rule and continue	Conclusion Date: 08/11/2023
Retrieve Notice of Action (NOA)	Date Received in OIRA: 06/15/2023
Terms of Clearance: Pursuant to 5 CFR 1320.11(c), OMB files this comment on this information collection request (ICR). 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. 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.

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	05/31/2024	05/31/2024	05/31/2024
Responses	284	0	284
Time Burden (Hours)	35,715	0	35,715
Cost Burden (Dollars)	49,389,373	0	49,389,373

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Abstract: The Securities and Exchange Commission amended 17 CFR 242, Rules 600 and 603 and adopted 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 expanded 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 amended 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. In December of 2022, the Commission proposed amendments to Rules 600(b)(78) and 603(b) that would require the SROs to make available all data necessary to generate odd-lot information to the exclusive SIPs. The Proposed Amendments would also require the primary listing exchange for each NMS stock to provide an indicator of the round lot size to the applicable exclusive SIP for dissemination and to calculate and provide to competing consolidators, self-aggregators, and the applicable exclusive SIP an indicator of the applicable minimum pricing increment for dissemination. The Proposed Amendments would increase the burdens of the collection of information entitled “collection and dissemination of information by national securities exchanges and national securities associations.” The Proposed Amendments only affect the SRO Market Data Collection and Dissemination information collection.

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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-AN23	Proposed rulemaking	87 FR 80266	12/29/2022

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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: 17

table that charts list of burden

IC Title	Form No.	Form Name
Competing Consolidator Duties and Data Collection - Broker-Dealers
Competing Consolidator Duties and Data Collection - Market Data Aggregation
Competing Consolidator Duties and Data Collection - New Entrants
Competing Consolidator Duties and Data Collection - SIPs
Competing Consolidator Duties and Data Collection - SROs
Competing Consolidator Monthly Reports
Competing Consolidator Recordkeeping
Form CC	CC	Form CC
Form CC Amendment- Initial
Form CC Amendment- Ongoing
Form CC Cessation
NMS Plans Amendment
Public Post of Form CC- Initial
Public Posting of Form CC- Ongoing
SRO Market Data
SRO Market Data -- Odd-lot information to exclusive SIPs
SRO Market Data -- Round lot and minimum pricing increment indicators

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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 recently proposed amendments to the rules that would add two new burdens related to the collection and dissemination of information by national securities exchanges and national securities associations. The Commission is also proposing to remove certain monetized hour burdens that were previously included as cost burdens. These proposed changes are discussed in more detail in the attached Supporting Statement-- please note that the proposed new burdens are discussed in the Supporting Statement separately from the existing burdens.

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Annual Cost to Federal Government: $210,309

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: 06/15/2023

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