Amendments to the National Market System Plan Governing the Consolidated Audit Trail

Forms and Documents

Document Name	Status
3235-0774.pdf Supplementary Document	2023-07-19
3235-0774.pdf Supplementary Document	2023-07-19
DGL FINAL REVISED 2023 Supporting Statement for Amendments to National Market System Plan Governing CAT- 3-29.pdf Supporting Statement A	2023-05-02

IC Document Collections

IC ID	Document Title	Status
238527	Quarterly Progress Reports	Modified
238526	Implementation Plan	Modified

ICR Details

OMB Control No: 3235-0774	ICR Reference No: 202303-3235-046
Status: Received in OIRA	Previous ICR Reference No: 202006-3235-001
Agency/Subagency: SEC	Agency Tracking No: TM-270-818
Title: Amendments to the National Market System Plan Governing the Consolidated Audit Trail
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: 07/19/2023

	Requested	Previously Approved
Expiration Date	36 Months From Approved	07/31/2023
Responses	125	120
Time Burden (Hours)	7,200	7,800
Cost Burden (Dollars)	800,000	866,667

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Abstract: The Securities & Exchange Commission is amending the national market system plan governing the consolidated audit trail in order to increase transparency and accountability.

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Authorizing Statute(s): US Code: 15 USC 78f Name of Law: National securities exchanges
   US Code: 15 USC 78b Name of Law: Necessity for regulation
   US Code: 15 USC 78c Name of Law: Definitions and application
   US Code: 15 USC 78k-1 Name of Law: National market system for securities; securities information processors
   US Code: 15 USC 78o Name of Law: Registration and regulation of brokers and dealers
   US Code: 15 USC 78o-3 Name of Law: Registered securities associations
   US Code: 15 USC 78q Name of Law: Records and reports
   US Code: 15 USC 78s Name of Law: Registration, responsibilities, and oversight of self-regulatory organizations
   US Code: 15 USC 78w Name of Law: Rules, regulations, and orders; annual reports
   US Code: 15 USC 78e Name of Law: Transactions on unregistered exchanges
  

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:
	88 FR 30361	05/11/2023
30-day Notice:	Federal Register Citation:	Citation Date:
	88 FR 45253	07/14/2023
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 2

IC Title	Form No.	Form Name
Implementation Plan
Quarterly Progress Reports

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ICR Summary 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	125	120	0	1	4	0
Annual Time Burden (Hours)	7,200	7,800	0	0	-600	0
Annual Cost Burden (Dollars)	800,000	866,667	0	0	-66,667	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: The overall burden has decreased because the initial one-time Implementation Plan has been completed, and the Commission estimates that there will be no further burden associated with that collection. The addition of a Participant has decreased the ongoing burden per Participant, because the work is divided among 25 Participants instead of 24, but the aggregate ongoing burden remains unchanged.

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Annual Cost to Federal Government:

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: 07/19/2023

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