Submission for OMB Review; Comment Request; Extension: Display of Customer Limit Orders (17 CFR 242.604), 54270 [2022-18981]

Download as PDF lotter on DSK11XQN23PROD with NOTICES1 54270 Federal Register / Vol. 87, No. 170 / Friday, September 2, 2022 / Notices the research community around the production and use of equitable data, and (2) tools that allow civil society organizations and communities to use and visualize Federal data and chart government’s progress toward equitable outcomes in order to strengthen accountability and credibility. Responses to this RFI will also inform development of the United States’ Open Government Partnership National Action Plan that furthers the principles of open government. We invite members of the public to share perspectives on how the Federal government can better realize the objectives of collaboration between all levels of government, engagement of communities that access or participate in Federal programs in data collection and research, and create broader public access to equitable data. Responses may help inform the development of case studies, best practices, strategies, plans, and other tools for Federal agencies to pursue equitable data partnerships and collaboration, including Federal government plans around open government. OSTP seeks responses to one, some, or all of the following questions: 1. What are examples of successful collaborations involving equitable data between the Federal government and (a) Tribal, territorial, local, and State governments, or (b) local communities? 2. Among examples of existing Federal collaborations with (a) Tribal, territorial, local, and State governments or (b) local communities involving equitable data, what lessons or best practices have been learned from such collaborations? 3. What resources, programs, training, or other tools can facilitate increased data sharing between different levels of government (Tribal, territorial, local, State, or Federal) related to equitable data? 4. What resources, programs, training, or other tools can expand opportunities for historically underrepresented scholars and research institutions to access and use equitable data across levels of government? 5. What resources, programs, training, or tools can increase opportunities for community-based organizations to use equitable data to hold government accountable to the American public? 6. What resources, programs, training, or tools can make equitable data more accessible and useable for members of the public? 7. In which agencies, programs, regions, or communities are there unmet needs, broken processes, or problems related to participation and VerDate Sep<11>2014 16:40 Sep 01, 2022 Jkt 256001 accountability that could be remedied through stronger collaborations and transparency around equitable data? Dated: August 30, 2022. Stacy Murphy, Operations Manager. [FR Doc. 2022–19007 Filed 9–1–22; 8:45 am] BILLING CODE 3270–F2–P SECURITIES AND EXCHANGE COMMISSION [SEC File No. 270–405, OMB Control No. 3235–0462] Submission for OMB Review; Comment Request; Extension: Display of Customer Limit Orders (17 CFR 242.604) 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 (44 U.S.C. 3501 et seq.) (‘‘PRA’’), 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 604 (17 CFR 242.604) under the Securities Exchange Act of 1934 (17 U.S.C. 78a et seq.) (‘‘Exchange Act’’). Rule 604 requires specialists and market makers to publish customer limit orders that are priced superior to the bids or offers being displayed by each such specialist or market maker.1 Customer limit orders that match the bid or offer being displayed by a specialist or market maker must be published if the limit price also matches the national best bid or offer (‘‘NBBO’’) and the size of the customer limit order is more than de minimis (i.e., more than 10% of the specialist’s or market maker’s displayed size). The information collected pursuant to Rule 604 is necessary to facilitate the establishment of a national market system for securities. The publication of trading interests that improve specialists’ and market makers’ quotes presents investors with improved execution opportunities and improved access to the best available prices when they buy or sell securities. The Commission estimates that approximately 318 respondents will respond to the collection of information 1 See Securities Exchange Act Release No. 37619A (September 6, 1996), 61 FR 48290 (September 12, 1996). PO 00000 Frm 00084 Fmt 4703 Sfmt 4703 requirements each time they receive a displayable customer limit order. The Commission further estimates that a respondent will receive a customer limit order, on average, 15,136.767 times per trading day with an estimate average time of 0.1 second per quote update. Accordingly, assuming 252 days in a trading year, an average 105.957 hours per year per respondent, the Commission estimates that the total annual burden for all respondents is 33,694 hours. The collection of information in Rule 604 is mandatory for all respondents, but does not require the collection of confidential information. 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 October 3, 2022 to (i) >MBX.OMB.OIRA.SEC_desk_officer@ omb.eop.gov < 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: PRA_Mailbox@sec.gov. Dated: August 29, 2022. J. Matthew DeLesDernier, Deputy Secretary. [FR Doc. 2022–18981 Filed 9–1–22; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–95622; File No. SR– CboeBZX–2022–031] Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Order Instituting Proceedings To Determine Whether To Approve or Disapprove a Proposed Rule Change To List and Trade Shares of the ARK 21Shares Bitcoin ETF Under BZX Rule 14.11(e)(4), Commodity-Based Trust Shares August 29, 2022. On May 13, 2022, Cboe BZX Exchange, Inc. (‘‘BZX’’ or ‘‘Exchange’’) filed with the Securities and Exchange Commission (‘‘Commission’’), pursuant to Section 19(b)(1) of the Securities E:\FR\FM\02SEN1.SGM 02SEN1

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[Federal Register Volume 87, Number 170 (Friday, September 2, 2022)]
[Notices]
[Page 54270]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-18981]


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SECURITIES AND EXCHANGE COMMISSION

[SEC File No. 270-405, OMB Control No. 3235-0462]


Submission for OMB Review; Comment Request; Extension: Display of 
Customer Limit Orders (17 CFR 242.604)

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 (44 U.S.C. 3501 et seq.) (``PRA''), 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 604 
(17 CFR 242.604) under the Securities Exchange Act of 1934 (17 U.S.C. 
78a et seq.) (``Exchange Act'').
    Rule 604 requires specialists and market makers to publish customer 
limit orders that are priced superior to the bids or offers being 
displayed by each such specialist or market maker.\1\ Customer limit 
orders that match the bid or offer being displayed by a specialist or 
market maker must be published if the limit price also matches the 
national best bid or offer (``NBBO'') and the size of the customer 
limit order is more than de minimis (i.e., more than 10% of the 
specialist's or market maker's displayed size).
---------------------------------------------------------------------------

    \1\ See Securities Exchange Act Release No. 37619A (September 6, 
1996), 61 FR 48290 (September 12, 1996).
---------------------------------------------------------------------------

    The information collected pursuant to Rule 604 is necessary to 
facilitate the establishment of a national market system for 
securities. The publication of trading interests that improve 
specialists' and market makers' quotes presents investors with improved 
execution opportunities and improved access to the best available 
prices when they buy or sell securities.
    The Commission estimates that approximately 318 respondents will 
respond to the collection of information requirements each time they 
receive a displayable customer limit order. The Commission further 
estimates that a respondent will receive a customer limit order, on 
average, 15,136.767 times per trading day with an estimate average time 
of 0.1 second per quote update. Accordingly, assuming 252 days in a 
trading year, an average 105.957 hours per year per respondent, the 
Commission estimates that the total annual burden for all respondents 
is 33,694 hours.
    The collection of information in Rule 604 is mandatory for all 
respondents, but does not require the collection of confidential 
information.
    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 October 3, 2022 to (i) 
>[email protected] < 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: August 29, 2022.
J. Matthew DeLesDernier,
Deputy Secretary.
[FR Doc. 2022-18981 Filed 9-1-22; 8:45 am]
BILLING CODE 8011-01-P
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