Document ID: SEC-2023-0514-0002
Agency: sec
Document Type: Notice
Title: Agency Information Collection Activities; Proposals, Submissions, and Approvals: Amendments to the National Market System Plan Governing the Consolidated Audit Trail
Posted Date: 2023-07-14T04:00Z

[Federal Register Volume 88, Number 134 (Friday, July 14, 2023)]
[Notices]
[Page 45253]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-15000]

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SECURITIES AND EXCHANGE COMMISSION

[SEC File No. 270-818, OMB Control No. 3235-0774]

Submission for OMB Review; Comment Request; Extension: Amendments 
to the National Market System Plan Governing the Consolidated Audit 
Trail

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 
connection with amendments \1\ adopted pursuant to the statutory 
authority provided by the Securities Exchange Act of 1934,\2\ including 
Sections 11A(a)(3)(B),\3\ 17(a),\4\ 19(b),\5\ and 23(a) \6\ thereof, 
and pursuant to Rule 608(a)(2) and (b)(2),\7\ to a National Market 
System (NMS) Plan filed with the Commission under Rule 613 (17 CFR 
242.613), under the Securities Exchange Act of 1934 (15 U.S.C. 78a et 
seq.).
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    \1\ See Securities Exchange Act Release No. 88890 (May 15, 
2020), 85 FR 31322 (May 22, 2020) (File No. S7-13-19) (``Adopting 
Release'').
    \2\ See 15 U.S.C. 78a et seq.
    \3\ See 15 U.S.C. 78k-1(a)(3)(B).
    \4\ See 15 U.S.C. 78q(a).
    \5\ See 15 U.S.C. 78s(b).
    \6\ See 15 U.S.C. 78w(a).
    \7\ See 17 CFR 242.608(a)(2), (b)(2).
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    The amendments, as adopted, required two new collections of 
information:
    a. Implementation Plan. The amendments require the Participants, 
within 30 calendar days following the effective date of the amendments, 
to prepare, file with the Commission, and make publicly available on a 
website a complete CAT implementation plan (``Implementation Plan'') 
that includes a detailed timeline for achieving various implementation 
milestones.
    b. Quarterly Progress Reports. The amendments require the 
Participants, within 30 calendar days after the end of each calendar 
quarter, to prepare, file with the Commission, and make publicly 
available on a website a complete report (the ``Quarterly Progress 
Report'') that provides a detailed and up-to-date description of the 
progress made by the Participants toward each of the milestones 
identified in the Implementation Plan.
    The one-time information collection associated with the 
Implementation Plan was completed by the Participants, so there will be 
no further burdens associated with the Implementation Plan. The 
Quarterly Progress Report information collection continues.
    There are currently 25 Participants, who must complete four 
Quarterly Progress Reports per year. The Commission staff estimates 
that, on the average, most Quarterly Progress Reports require 
approximately 72 hours per Participant, and cost approximately $8,000 
per Participant. The Commission staff estimates Participants spend a 
total of approximately 7,200 hours per year (25 x 4 x 72) and $800,000 
per year (25 x 4 x $8,000) complying with the rule.
    An agency may not conduct or sponsor, and a person is not required 
to respond to, a collection of information under the PRA unless it 
displays a currently valid OMB control number.
    The public may view background documentation for this information 
collection at the following website: www.reginfo.gov. Find this 
particular information collection by selecting ``Currently under 30-day 
Review--Open for Public Comments'' or by using the search function. 
Written comments and recommendations for the proposed information 
collection should be sent by August 14, 2023 to (i) www.reginfo.gov/public/do/PRAMain and (ii) David Bottom, Director/Chief Information 
Officer, Securities and Exchange Commission, c/o John Pezzullo, 100 F 
Street NE, Washington, DC 20549, or by sending an email to: 
[email protected].

    Dated: July 11, 2023.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2023-15000 Filed 7-13-23; 8:45 am]
BILLING CODE 8011-01-P