
[Federal Register Volume 78, Number 184 (Monday, September 23, 2013)]
[Notices]
[Page 58351]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-23011]


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SECURITIES AND EXCHANGE COMMISSION


Submission for OMB Review; Comment Request

Upon Written Request, Copies Available From: Securities and Exchange 
Commission, Office of Investor Education and Advocacy, Washington, DC 
20549-2013

Extension:
    Rule 602, SEC File No. 270-404, OMB Control No. 3235-0461

    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 the extension of the 
previously approved collection of information provided for in Rule 602 
of Regulation NMS (17 CFR 240.602), under the Securities Exchange Act 
of 1934 (15 U.S.C. 78a et seq.).
    Rule 602 of Regulation NMS, Dissemination of Quotations in NMS 
securities, contains two related collections. The first collection of 
information is found in Rule 602(a).\1\ This third-party disclosure 
requirement obligates each national securities exchange and national 
securities association to make available to quotation vendors for 
dissemination to the public the best bid, best offer, and aggregate 
quotation size for each ``subject security,'' as defined under the 
Rule. The second collection of information is found in Rule 602(b).\2\ 
This disclosure requirement obligates any exchange member and over-the-
counter (``OTC'') market maker that is a ``responsible broker or 
dealer,'' as defined under the Rule, to communicate to an exchange or 
association their best bids, best offers, and quotation sizes for 
subject securities.\3\
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    \1\ 17 CFR 242.602(a).
    \2\ 17 CFR 242.602(b).
    \3\ Under Rule 602(b)(5), electronic communications networks 
(``ECNs'') have the option of reporting to an exchange or 
association for public dissemination, on behalf of customers that 
are OTC market makers or exchange market makers, the best-priced 
orders and the full size for such orders entered by market makers on 
the ECN, to satisfy such market makers' reporting obligation under 
Rule 602(b). Since this reporting requirement is an alternative 
method of meeting the market makers' reporting obligation, and 
because it is directed to nine or fewer persons (ECNs), this 
collection of information is not subject to OMB review under the 
Paperwork Reduction Act (``PRA'').
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    It is anticipated that 17 respondents, consisting of 16 national 
securities exchanges and one national securities association, will 
collectively respond approximately 839,944,682,631 times per year 
pursuant to Rule 602(a) at 18.22 microseconds per response, resulting 
in a total annual burden of approximately 4,250 hours.
    It is anticipated that approximately 150 respondents, consisting of 
OTC market makers, will collectively respond approximately 28,200,000 
times per year pursuant to Rule 602(b) at 3 seconds per response, 
resulting in a total annual burden of approximately 23,500 hours.
    Thus, the aggregate third-party disclosure burden under Rule 602 is 
27,750 hours annually which is comprised of 4,250 hours relating to 
Rule 602(a) and 23,500 hours relating to Rule 602(b).
    Compliance with Rule 602 of Regulation NMS is mandatory and the 
information collected is made available to the public.
    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 Web site: www.reginfo.gov. Comments should 
be directed to: (i) Desk Officer for the Securities and Exchange 
Commission, Office of Information and Regulatory Affairs, Office of 
Management and Budget, Room 10102, New Executive Office Building, 
Washington, DC 20503, or by sending an email to: Shagufta_Ahmed@omb.eop.gov; and (ii) Thomas Bayer, Director/Chief Information 
Officer, Securities and Exchange Commission, c/o Remi Pavlik-Simon, 100 
F Street NE., Washington, DC 20549, or by sending an email to: PRA_Mailbox@sec.gov. Comments must be submitted to OMB within 30 days of 
this notice.

    September 17, 2013.
Kevin M. O'Neill,
Deputy Secretary.
[FR Doc. 2013-23011 Filed 9-20-13; 8:45 am]
BILLING CODE 8011-01-P


