Consolidated Audit Trail NMS Plan (NMS Plan Required to be Filed under Commission Rule 613)

Forms and Documents

Document Name	Status
CAT - New Collections Supporting Statement (March 16 2017) - FINAL.pdf Supporting Statement A	2017-03-21
CAT NMS Plan Order Supporting Statement (December 1) pdf.pdf Supplementary Document	2017-03-16
CAT NMS Plan Notice Supporting Statement - 8-8-16.docx Supplementary Document	2016-11-22

IC Document Collections

IC ID	Document Title	Status
226095	Background Checks	New
226094	Financial Statements	New
226093	Assessment of Material Systems Change on Error Rate	New
226092	Report on Impact of Tiered Fees on Market Liquidity	New
226091	Assessment of Errors in Customer Information Fields	New
226090	Assessment of Industry Member Bulk Access to Reported Data	New
226089	Coordinated Surveillance Report	New
226087	Review of Clock Synchronization Standards	New
226086	Independent Audit of Expenses Incurred Prior to the Effective Date	New
224670	Data Collection and Reporting - Large Non-OATS-Reporting Broker-Dealers-ELPs	Unchanged
222887	Small Non-OATS-Reporting Broker-Dealers	Unchanged
222886	Data Collection and Reporting - Small OATS-Reporting Broker-Dealers	Unchanged
222885	Data Collection and Reporting - Large OATS-Reporting Broker-Dealers	Unchanged
222884	Data Collection and Reporting - Large Non-OATS-Reporting Broker-Dealers-Options Market Makers	Unchanged
222883	Document on Expansion to Other Securities	Unchanged
222882	Written Assessment of Operation of the Consolidated Audit Trail	Unchanged
222881	Surveillance	Unchanged
222880	Data Collection and Reporting - Participants	Unchanged
222879	Central Repository	Unchanged

ICR Details

OMB Control No: 3235-0671	ICR Reference No: 201703-3235-005
Status: Historical Active	Previous ICR Reference No: 201611-3235-027
Agency/Subagency: SEC	Agency Tracking No: TM-270-616
Title: Consolidated Audit Trail NMS Plan (NMS Plan Required to be Filed under Commission Rule 613)
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 07/10/2017
	Date Received in OIRA: 03/21/2017
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	07/31/2020	36 Months From Approved	03/31/2020
Responses	2,157	0	1,905
Time Burden (Hours)	8,269,746	0	8,267,876
Cost Burden (Dollars)	534,465,567	0	534,340,252

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Abstract: Rule 613 requires the national securities exchanges and national securities association ("Participants") to develop and file a national market system (“NMS”) plan to govern the creation, implementation and maintenance of a consolidated audit trail and central repository for the collection of information for NMS securities. The NMS plan must require each SRO and its respective members to provide certain data to the central repository in compliance with Rule 613. The Participants filed the NMS plan required by Rule 613 ("CAT NMS Plan"). This PRA contains the information collections required by Rule 613, as informed by the data that was provided in the CAT NMS Plan. The Commission approved the initial NMS plan in November 2016.

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Authorizing Statute(s): US Code: 15 USC 78k-1(a)(3)(B) Name of Law: Section 11A(a)(3)(B) - National market system for securities; securities information processors
  

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:
	81 FR 84696	11/23/2016
30-day Notice:	Federal Register Citation:	Citation Date:
	82 FR 14579	03/21/2017
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 19

IC Title	Form No.	Form Name
Assessment of Material Systems Change on Error Rate
Financial Statements
Review of Clock Synchronization Standards
Coordinated Surveillance Report
Assessment of Industry Member Bulk Access to Reported Data
Assessment of Errors in Customer Information Fields
Report on Impact of Tiered Fees on Market Liquidity
Background Checks
Data Collection and Reporting - Participants
Surveillance
Written Assessment of Operation of the Consolidated Audit Trail
Document on Expansion to Other Securities
Data Collection and Reporting - Large Non-OATS-Reporting Broker-Dealers-Options Market Makers
Data Collection and Reporting - Large OATS-Reporting Broker-Dealers
Data Collection and Reporting - Small OATS-Reporting Broker-Dealers
Small Non-OATS-Reporting Broker-Dealers
Central Repository
Data Collection and Reporting - Large Non-OATS-Reporting Broker-Dealers-ELPs
Independent Audit of Expenses Incurred Prior to the Effective Date

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ICR Summary of Burden

	Total Approved	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	2,157	1,905	0	252	0	0
Annual Time Burden (Hours)	8,269,746	8,267,876	0	1,870	0	0
Annual Cost Burden (Dollars)	534,465,567	534,340,252	0	125,315	0	0

Burden increases because of Program Change due to Agency Discretion: Yes

Burden Increase Due to: Miscellaneous Actions

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

Burden Reduction Due to:

Short Statement: Changes in burden have occurred because the Commission added, as detailed in the supporting statement, new information collections of audits, reports, and assessments of various aspects of the CAT NMS Plan, which are necessary to achieving the CAT NMS Plan’s objective of improving the quality of the data available to regulators in four areas that affect the ultimate effectiveness of core regulatory efforts—completeness, accuracy, accessibility and timeliness, and background checks necessary to ensure that only authorized and qualified persons are using the CAT System.

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Annual Cost to Federal Government: $250,000

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? 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? Uncollected

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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: 03/21/2017

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