Order Protection Rule - Rule 611 of Regulation NMS

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
3235-0600_30-Day Submission Notice.pdf.pdf	Supplementary Document	Uploaded 2026-07-23	Available
3235-0600_60-Day Collection Notice.pdf	Supplementary Document	Uploaded 2026-05-19	Available
3235-0600 Supporting Statement (2026 Extension).pdf	Supporting Statement A	Uploaded 2026-05-14	Available

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
35463	Order Protection Rule - Rule 611 of Regulation NMS		Modified

ICR Details

OMB Control No: 3235-0600	ICR Reference No: 202605-3235-001
Status: Received in OIRA	Previous ICR Reference No: 202304-3235-011
Agency/Subagency: SEC	Agency Tracking No: TM
Title: Order Protection Rule - Rule 611 of Regulation NMS
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: 07/23/2026

table that charts list comparision

	Requested	Previously Approved
Expiration Date	36 Months From Approved	08/31/2026
Responses	305	235
Time Burden (Hours)	18,300	14,100
Cost Burden (Dollars)	0	0

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Abstract: Rule 611, 17 CFR 242.611, requires a trading center (which included national securities exchanges, national securities association, alternative trading systems, exchange market makers, OTC market makers) to establish, maintain, and enforce written policies and procedures that area reasonably designed to prevent trade-throughs of protected quotations and, if relying on an exception, that are reasonably designed to ensure compliance with the terms of the exception.

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Authorizing Statute(s): US Code: 15 USC 78b, 78c(b), 78e, 78k-1, 78o-3 Name of Law: Sections 2, 3(b), 5, 6,11, 11A, 15, 15A, 17(a) and (b), 19, 23(a), and 36
  

Citations for New Statutory Requirements: None

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

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	91 FR 191989	05/19/2026
30-day Notice:	Federal Register Citation:	Citation Date:
	91 FR 46505	07/23/2026
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

table that charts list of burden

IC Title	Form No.	Form Name
Order Protection Rule - Rule 611 of Regulation NMS

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ICR Summary of Burden

table that charts list 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	305	235	0	70	0	0
Annual Time Burden (Hours)	18,300	14,100	0	4,200	0	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

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 estimated annual burden increased because the estimated number of respondents increased from 235 to 305 respondents.

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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

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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: 07/23/2026

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