OMB files this
comment in accordance with 5 CFR 1320.11( c ). This OMB action is
not an approval to conduct or sponsor an information collection
under the Paperwork Reduction Act of1995. 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. Pursuant to
5 CFR 1320.11(c), OMB files this comment on this information
collection request (ICR). In accordance with 5 CFR 1320, OMB is
withholding approval at this time. The agency shall examine public
comment in response to the NPRM and will describe in the preamble
of the final rule how the agency has maximized the practical
utility of the collection and minimized the burden. The next
submission to OMB must include the draft final rule.
Inventory as of this Action
Requested
Previously Approved
36 Months From Approved
0
0
0
0
0
0
0
0
0
The CTA Plan and the Nasdaq UTP Plan
are joint-industry plans that provide for the dissemination of last
sale information for equity securities and set forth the
arrangements for dissemination of consolidated trade information.
As part of its effort to address the inadequacy of the current
level of post-trade transparency of ATSs, the Commission proposed
to amend the CTA Plan and Nasdaq UTP Plan to require the disclosure
of the identity of individual ATSs on trade reports in the public
data stream, the same way exchange trades are identified. First,
the proposed Plan amendments would require the disclosure of the
identity of those ATSs subject to Regulation ATS on trade reports
in the public data steam. Specifically, the proposed Plan
amendments, by redefining terms in the Plans, indirectly would
require ATSs to include a unique identifier when transmitting last
sale price data to FINRA. Second, the proposed Plan amendments
would require FINRA to transmit to the SIPs a unique identifier
from each ATS subject to Regulation ATS, unless the trade is a
large size trade (a trade with a market value of at least
$200,000). Third, the proposed Plan amendments would require the
SIPs for the Plans to disseminate information provided to them by
FINRA.
US Code:
15 USC 78K-1(A)(1) Name of Law: Section 11(A)(1) of the
Securities Exchange Act of 1934
The joint-industry plans that
provide for the dissemination of last sale information for equity
securities are the Consolidated Tape Association Plan (CTA Plan)
and the Joint Self-Regulatory Organization Plan Governing the
Collection, Consolidation, and Dissemination of Quotation and
Transaction Information for Nasdaq-Listed Securities Traded on
Exchanges on an Unlisted Trading Privileges Basis (Nasdaq UTP
Plan) (collectively the Plans). The Plans govern the
arrangements for disseminating consolidated trade information.
Among other things, the Plans require the individual
self-regulatory organizations ("SROs") to provide trade information
(including information identifying the exchange where the trade was
executed) for a national market system ("NMS") stock to a
securities information processor (SIP), which then consolidates
the information into a single stream for dissemination to the
public. As part of its effort to address the inadequacy of the
current level of post-trade transparency of alternative trading
systems ("ATSs"), the Commission proposed to amend the Plans to
require the disclosure of the identity of individual ATSs on trade
reports in the public data stream, the same way exchange trades are
identified.
$0
No
No
No
Uncollected
No
Uncollected
Kathy England
2025515527
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:
(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;
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.
PRA Supporting Statement CTA UTP Post-Trade Transparency.doc
CTA Plan and the Nasdaq UTP Plan; Post-Trade Transparency for ATSs -- SIPs