Federal Register 60-Day Notice

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Federal Register / Vol. 91, No. 96 / Tuesday, May 19, 2026 / Notices

For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.158
J. Matthew DeLesDernier,
Deputy Secretary.
[FR Doc. 2026–09966 Filed 5–18–26; 8:45 am]
BILLING CODE 8011–01–P

SECURITIES AND EXCHANGE
COMMISSION
[OMB Control No. 3235–0600]

Agency Information Collection
Activities; Proposed Collection;
Comment Request; Extension: Rule
611

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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.), the Securities
and Exchange Commission
(‘‘Commission’’) is soliciting comments
on the existing collection of information
provided for Rule 611 (17 CFR 242.611)
under the Securities Exchange Act of
1934 (15 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.
On June 9, 2005, effective August 29,
2005 (see 70 FR 37496, June 29, 2005),
the Commission adopted Rule 611 of
Regulation NMS under the Exchange
Act to require any national securities
exchange, national securities
association, alternative trading system,
exchange market maker, over-thecounter market maker, and any other
broker-dealer that executes orders
internally by trading as principal or
crossing orders as agent, to establish,
maintain, and enforce written policies
and procedures reasonably designed to
prevent the execution of a transaction in
its market at a price that is inferior to
a protected bid or offer displayed in
another market at the time of execution
(a ‘‘trade-though’’), absent an applicable
exception and, if relying on an
exception, that are reasonably designed
to assure compliance with the terms of
the exception. Without this collection of
information, respondents would not
have a means to enforce compliance
with the Commission’s intention to
prevent trade-throughs pursuant to the
rule.
158 17 CFR 200.30–3(a)(12).

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There are approximately 305
respondents 1 per year that will require
an aggregate total of approximately
18,300 hours to comply with this Rule.
It is anticipated that each respondent
will continue to expend approximately
60 hours annually: two hours per month
of internal legal time and three hours
per month of internal compliance time
to ensure that its written policies and
procedures are up-to-date and remain in
compliance with Rule 611. The
estimated cost for an attorney is $744
per hour and the estimated cost for a
financial examiner in the securities
industry is $365 per hour. Therefore the
estimated total internal cost of
compliance for the annual hour burden
is as follows: [(2 legal hours × 12 months
× $744) × 305] + [(3 compliance hours
× 12 months × $365) × 305] =
$9,453,780.2
1 The Commission estimates that there are
currently 305 trading centers subject to Rule 611.
This estimate includes 20 exchanges (17 exchanges
that trade NMS stocks + three exchanges that are
approved but not yet operating) and 33 ATSs that
trade NMS stocks. Based on data from the
consolidated audit trail for January 2026, the
estimate also includes 96 exchange market makers
and 225 broker-dealers acting as OTC market maker
or executing orders internally by trading as
principal or crossing orders as agent. 69 brokerdealers are both exchange market makers and an
OTC market maker or broker-dealer internalizing
orders. 20 + 33 + 96 + 225¥69 = 305 trading
centers.
2 To calculate the occupational hourly rates used
in this release, the Commission uses occupational
mean hourly wage data from the Occupational
Employment and Wage Statistics (OEWS) program
of the Bureau of Labor Statistics (BLS) for
‘‘Securities, Commodity Contracts, and Other
Financial Investments and Related Activities’’
(NAICS 523). See Occupational Employment and
Wage Statistics, U.S. Bureau of Labor Statistics,
https://www.bls.gov/oes/; see also Standard
Occupational Classification, U.S. Bureau of Labor
Statistics, https://www.bls.gov/soc/ (describing
occupational classification system used by BLS);
Exec. Off. of the President, Off. of Mgmt. & Budget,
North American Industry Classification System
(2022), available at https://www.census.gov/naics/
reference_files_tools/2022_NAICS_Manual.pdf
(describing the industry classification system used
by BLS and other agencies). The mean hourly wage
for each occupation is adjusted for changes in the
seasonally adjusted employment cost index for
private wages and salaries between the data
reference period and when the data are released by
BLS. See Employment Cost Index, U.S. Bureau of
Labor Statistics, https://www.bls.gov/eci/. The
adjusted mean hourly wage is then multiplied by
a factor that accounts for nonwage costs borne by
employers, such as bonuses, benefits, and overhead.
This factor is calculated as an average over the 10
most recently available years of data of the ratio of
the Bureau of Economic Analysis’s annual gross
output data for NAICS 523 to total annual wages
across all occupations for NAICS 523 in the OEWS
data. See Gross Output by Industry, U.S. Bureau of
Economic Analysis, https://www.bea.gov/data/
industries/gross-output-by-industry; Occupational
Employment and Wage Statistics, U.S. Bureau of
Labor Statistics, https://www.bls.gov/oes/. The final
product is the occupational hourly rate. See
generally Updated Methodology for Calculating
Occupational Hourly Rates (Dec. 19, 2025),
available at https://www.sec.gov/files/methodoccupational-hourly-rates.pdf.

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An agency may not conduct or
sponsor, and a person is not required to
respond to, a collection of information
unless it displays a currently valid OMB
Control Number.
Written comments are invited on: (a)
whether this proposed collection of
information is necessary for the proper
performance of the functions of the SEC,
including whether the information will
have practical utility; (b) the accuracy of
the SEC’s estimate of the burden
imposed by the proposed collection of
information, including the validity of
the methodology and the assumptions
used; (c) ways to enhance the quality,
utility, and clarity of the information to
be collected; and (d) ways to minimize
the burden of the collection of
information on respondents, including
through the use of automated, electronic
collection techniques or other forms of
information technology.
Please direct your written comments
on this 60-Day Collection Notice to
Austin Gerig, Director/Chief Data
Officer, Securities and Exchange
Commission, c/o Tanya Ruttenberg via
email to PaperworkReductionAct@
sec.gov by July 20, 2026. There will be
a second opportunity to comment on
this SEC request following the Federal
Register publishing a 30-Day
Submission Notice.
Dated: May 15, 2026.
J. Matthew DeLesDernier,
Deputy Secretary.
[FR Doc. 2026–09992 Filed 5–18–26; 8:45 am]
BILLING CODE 8011–01–P

SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–105493; File No. SR–
NYSEARCA–2026–48]

Self-Regulatory Organizations; NYSE
Arca, Inc.; Notice of Filing and
Immediate Effectiveness of a Proposed
Rule Change To Modify the NYSE Arca
Options Fee Schedule To Adopt Fees
Applicable to Trading Options on
MXWLD, MXACW, and MXUSA
May 14, 2026.

Pursuant to Section 19(b)(1) 1 of the
Securities Exchange Act of 1934
(‘‘Act’’),2 and Rule 19b–4 thereunder,3
notice is hereby given that on May 1,
2026, NYSE Arca, Inc. (‘‘NYSE Arca’’ or
the ‘‘Exchange’’) filed with the
Securities and Exchange Commission
(the ‘‘Commission’’) the proposed rule
change as described in Items I and II
1 15 U.S.C. 78s(b)(1).
2 15 U.S.C. 78a.
3 17 CFR 240.19b–4.

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