Submission for OMB Review; Comment Request; Extension: Customer Account Statements (17 CFR 242.607), 14662 [2023-04825]

Download as PDF 14662 Federal Register / Vol. 88, No. 46 / Thursday, March 9, 2023 / Notices C. Self-Regulatory Organization’s Statement on Comments on the Proposed Rule Change Received From Members, Participants, or Others The Exchange neither solicited nor received comments on the proposed rule change. III. Date of Effectiveness of the Proposed Rule Change and Timing for Commission Action The foregoing rule change has become effective pursuant to Section 19(b)(3)(A) of the Act 33 and paragraph (f) of Rule 19b–4 34 thereunder. At any time within 60 days of the filing of the proposed rule change, the Commission summarily may temporarily suspend such rule change if it appears to the Commission that such action is necessary or appropriate in the public interest, for the protection of investors, or otherwise in furtherance of the purposes of the Act. If the Commission takes such action, the Commission will institute proceedings to determine whether the proposed rule change should be approved or disapproved. IV. Solicitation of Comments Interested persons are invited to submit written data, views, and arguments concerning the foregoing, including whether the proposed rule change is consistent with the Act. Comments may be submitted by any of the following methods: ddrumheller on DSK120RN23PROD with NOTICES1 Electronic Comments • Use the Commission’s internet comment form (https://www.sec.gov/ rules/sro.shtml); or • Send an email to rule-comments@ sec.gov. Please include File Number SR– CboeEDGX–2023–016 on the subject line. Paper Comments • Send paper comments in triplicate to Secretary, Securities and Exchange Commission, 100 F Street NE, Washington, DC 20549–1090. All submissions should refer to File Number SR–CboeEDGX–2023–016. This file number should be included on the subject line if email is used. To help the Commission process and review your comments more efficiently, please use only one method. The Commission will post all comments on the Commission’s internet website (https://www.sec.gov/ rules/sro.shtml). Copies of the submission, all subsequent amendments, all written statements with respect to the proposed rule change that are filed with the U.S.C. 78s(b)(3)(A). 34 17 CFR 240.19b–4(f). Commission, and all written communications relating to the proposed rule change between the Commission and any person, other than those that may be withheld from the public in accordance with the provisions of 5 U.S.C. 552, will be available for website viewing and printing in the Commission’s Public Reference Room, 100 F Street NE, Washington, DC 20549 on official business days between the hours of 10:00 a.m. and 3:00 p.m. Copies of the filing also will be available for inspection and copying at the principal office of the Exchange. Persons submitting comments are cautioned that we do not redact or edit personal identifying information from comment submissions. You should submit only information that you wish to make available publicly. All submissions should refer to File Number SR– CboeEDGX–2023–016, and should be submitted on or before March 30, 2023. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.35 Sherry R. Haywood, Assistant Secretary. [FR Doc. 2023–04787 Filed 3–8–23; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [SEC File No. 270–382, OMB Control No. 3235–0435] Submission for OMB Review; Comment Request; Extension: Customer Account Statements (17 CFR 242.607) 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 607 (17 CFR 242.607) under the Securities Exchange Act of 1934 (17 U.S.C. 78a et seq.) (‘‘Exchange Act’’). Rule 607 requires disclosure on each new account and on a yearly basis thereafter, on the annual statement, the firm’s policies regarding receipt of payment for order flow from any market 33 15 VerDate Sep<11>2014 18:19 Mar 08, 2023 35 17 Jkt 259001 PO 00000 makers, exchanges or exchange members to which it routes customers’ order in national market system securities for execution; and information regarding the aggregate amount of monetary payments, discounts, rebates or reduction in fees received by the firm over the past year. The information collected pursuant to Rule 607 is necessary to facilitate the establishment of a national market system for securities. The purpose of the rule is to ensure that customers are adequately apprised of the brokerdealer’s order routing practices with respect to the customer’s order, in furtherance of the Commission’s statutory mandate to protect investors. The Commission estimates that approximately 3,643 respondents will make the third-party disclosures required in the collection of information requirements to 183,511,801 customer accounts each year. The Commission estimates that the average number of hours necessary for each respondent to comply with Rule 607 per year is 39.714 hours, which results in an average aggregated annual burden of 144,678.102 hours. The collection of information in Rule 607 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 April 10, 2023 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: March 6, 2023. Sherry R. Haywood, Assistant Secretary. [FR Doc. 2023–04825 Filed 3–8–23; 8:45 am] BILLING CODE 8011–01–P CFR 200.30–3(a)(12). Frm 00070 Fmt 4703 Sfmt 9990 E:\FR\FM\09MRN1.SGM 09MRN1

Agencies

[Federal Register Volume 88, Number 46 (Thursday, March 9, 2023)]
[Notices]
[Page 14662]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-04825]


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SECURITIES AND EXCHANGE COMMISSION

[SEC File No. 270-382, OMB Control No. 3235-0435]


Submission for OMB Review; Comment Request; Extension: Customer 
Account Statements (17 CFR 242.607)

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 607 
(17 CFR 242.607) under the Securities Exchange Act of 1934 (17 U.S.C. 
78a et seq.) (``Exchange Act'').
    Rule 607 requires disclosure on each new account and on a yearly 
basis thereafter, on the annual statement, the firm's policies 
regarding receipt of payment for order flow from any market makers, 
exchanges or exchange members to which it routes customers' order in 
national market system securities for execution; and information 
regarding the aggregate amount of monetary payments, discounts, rebates 
or reduction in fees received by the firm over the past year.
    The information collected pursuant to Rule 607 is necessary to 
facilitate the establishment of a national market system for 
securities. The purpose of the rule is to ensure that customers are 
adequately apprised of the broker-dealer's order routing practices with 
respect to the customer's order, in furtherance of the Commission's 
statutory mandate to protect investors.
    The Commission estimates that approximately 3,643 respondents will 
make the third-party disclosures required in the collection of 
information requirements to 183,511,801 customer accounts each year. 
The Commission estimates that the average number of hours necessary for 
each respondent to comply with Rule 607 per year is 39.714 hours, which 
results in an average aggregated annual burden of 144,678.102 hours.
    The collection of information in Rule 607 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 April 10, 2023 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: March 6, 2023.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2023-04825 Filed 3-8-23; 8:45 am]
BILLING CODE 8011-01-P
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