8544 Federal Register / Vol. 90, No. 19 / Thursday, January 30, 2025 / Notices 

3642 and 3632(b)(3), on January 23, 

2025, it filed with the Postal Regulatory 

Commission a USPS Request to Add 

Priority Mail & USPS Ground 

Advantage® Contract 602 to 

Competitive Product List. Documents 

are available at www.prc.gov, Docket 

Nos. MC2025–1153, K2025–1153. 

Sean Robinson, 

Attorney, Corporate and Postal Business Law. 

[FR Doc. 2025–01918 Filed 1–29–25; 8:45 am] 

BILLING CODE 7710–12–P 

POSTAL SERVICE 

Product Change—Priority Mail 

Express, Priority Mail, and USPS 

Ground Advantage® Negotiated 

Service Agreement 

AGENCY: Postal ServiceTM. 

ACTION: Notice. 

SUMMARY: The Postal Service gives 

notice of filing a request with the Postal 

Regulatory Commission to add a 

domestic shipping services contract to 

the list of Negotiated Service 

Agreements in the Mail Classification 

Schedule’s Competitive Products List. 

DATES: Date of required notice: January 

30, 2025. 

FOR FURTHER INFORMATION CONTACT: 

Sean C. Robinson, 202–268–8405. 

SUPPLEMENTARY INFORMATION: The 

United States Postal Service® hereby 

gives notice that, pursuant to 39 U.S.C. 

3642 and 3632(b)(3), on January 23, 

2025, it filed with the Postal Regulatory 

Commission a USPS Request to Add 

Priority Mail Express, Priority Mail & 

USPS Ground Advantage® Contract 

1321 to Competitive Product List. 

Documents are available at 

www.prc.gov, Docket Nos. MC2025– 

1152, K2025–1152. 

Sean C. Robinson, 

Attorney, Corporate and Postal Business Law. 

[FR Doc. 2025–01913 Filed 1–29–25; 8:45 am] 

BILLING CODE 7710–12–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[SEC File No. 270–450, OMB Control No. 

3235–0505] 

Submission for OMB Review; 

Comment Request; Extension: Rule 

303 of Regulation ATS 

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 

(‘‘PRA’’) (44 U.S.C. 3501 et seq.), the 

Securities and Exchange Commission 

(‘‘Commission’’) has submitted to the 

Office of Management and Budget 

(‘‘OMB’’) a request for approval of 

extension of the previously approved 

collection of information provided for in 

Rule 303 of Regulation ATS (17 CFR 

242.303) under the Securities Exchange 

Act of 1934 (15 U.S.C. 78a et seq.) 

(‘‘Exchange Act’’). 

Regulation ATS sets forth a regulatory 

regime for ‘‘alternative trading systems’’ 

(‘‘ATSs’’), which are entities that carry 

out exchange functions but are not 

required to register as national securities 

exchanges under the Act. In lieu of 

exchange registration, an ATS can 

instead opt to register with the 

Commission as a broker-dealer and, as 

a condition to not having to register as 

an exchange, must instead comply with 

Regulation ATS. Rule 303 of Regulation 

ATS (17 CFR 242.303) describes the 

record preservation requirements for 

ATSs. Rule 303 also describes how such 

records must be maintained, what 

entities may perform this function, and 

how long records must be preserved. 

Under Rule 303, ATSs are required to 

preserve all records made pursuant to 

Rule 302, which includes information 

relating to subscribers, trading 

summaries, and time-sequenced order 

information. Rule 303 also requires 

ATSs to preserve any notices provided 

to subscribers, including, but not 

limited to, notices regarding the ATSs 

operations and subscriber access. For an 

ATS subject to the fair access 

requirements described in Rule 

301(b)(5)(ii) of Regulation ATS, Rule 

303 further requires the ATS to preserve 

at least one copy of its standards for 

access to trading, all documents relevant 

to the ATS’s decision to grant, deny, or 

limit access to any person, and all other 

documents made or received by the ATS 

in the course of complying with Rule 

301(b)(5) of Regulation ATS. For an ATS 

subject to the capacity, integrity, and 

security requirements for automated 

systems under Rule 301(b)(6) of 

Regulation ATS, Rule 303 requires an 

ATS to preserve all documents made or 

received by the ATS related to its 

compliance, including all 

correspondence, memoranda, papers, 

books, notices, accounts, reports, test 

scripts, test results and other similar 

records. Rule 303(a)(1)(v) of Regulation 

ATS requires every ATS to preserve the 

written safeguards and written 

procedures mandated under Rule 

301(b)(10). As provided in Rule 

303(a)(1), ATSs are required to keep all 

of these records, as applicable, for a 

period of at least three years, the first 

two in an easily accessible place. In 

addition, Rule 303 requires ATSs to 

preserve records of partnership articles, 

articles of incorporation or charter, 

minute books, stock certificate books, 

copies of reports filed pursuant to Rule 

301(b)(2) and Rule 304, and records 

made pursuant to Rule 301(b)(5) for the 

life of the ATS. ATSs that trade both 

NMS Stock and securities other than 

NMS Stock are required to file, and also 

preserve under Rule 303, both Form 

ATS and related amendments and Form 

ATS–N and related amendments. 

The information contained in the 

records required to be preserved by Rule 

303 will be used by examiners and other 

representatives of the Commission, state 

securities regulatory authorities, and the 

self-regulatory organizations (‘‘SROs’’) 

to ensure that ATSs are in compliance 

with Regulation ATS as well as other 

applicable rules and regulations. 

Without the data required by the Rule, 

regulators would be limited in their 

ability to comply with their statutory 

obligations, provide for the protection of 

investors, and promote the maintenance 

of fair and orderly markets. 

Respondents consist of ATSs that 

choose to register as broker-dealers and 

comply with the requirements of 

Regulation ATS. There are currently 107 

respondents. The Commission believes 

that the average ongoing hourly burden 

for a respondent to comply with the 

baseline record preservation 

requirements under Rule 303 is 

approximately 15 hours per year. We 

thus estimate that the average aggregate 

ongoing burden to comply with the 

baseline Rule 303 record preservation 

requirements is approximately 1,605 

hours per year. (107 ATSs × 15 hours = 

1,605 hours) In addition, there are 

currently two ATSs that transact in both 

NMS stock and non-NMS stock on their 

ATSs. These two ATSs have a slightly 

greater burden because they have to 

keep both Form ATS and Form ATS–N 

and related documents (e.g., 

amendments). For these two ATSs, we 

estimate that the ongoing burden above 

the current baseline estimate for 

preserving records will be 

approximately 1 hour annually per ATS 

for a total annual burden above the 

current baseline burden estimate of 2 

hours for all respondents. Thus, the 

estimated average annual aggregate 

burden for alternative trading systems to 

comply with Rule 303 is approximately 

1,607 hours (1,605 hours + 2 hours). 

Compliance with Rule 303 is 

mandatory. The information required by 

Rule 303 is available only for the 

examination of the Commission staff, 


lotter on DSK11XQN23PROD with NOTICES1