Rule 201 is a short sale-related
circuit breaker rule that, when triggered by an intra-day decline
in the price of a covered security of 10% or more from the prior
days closing price for the covered security as determined by the
covered securitys listing market, will apply for the remainder of
the day and the following day a price test restriction that
restricts short sales at or below the current national best bid for
the particular covered security. Rule 200(g) will add a new marking
requirement of short exempt. In particular, if the broker-dealer
chooses to rely on its own determination that it is submitting the
short sale order to the trading center at a price that is above the
current national best bid at the time of the submission, or to rely
on an exception specified in the rule, it must mark the order as
short exempt.
This is an amendment to Rule
200(g) that results in a new collection of information. The
information collected will also enable the Commission and SROs to
examine for compliance with the requirements of these provisions.
The total approximate estimated annual hour burden per year is
4,904,520 burden hours.
No
No
No
No
No
Uncollected
Katrina Wilson
2025515927
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.