Search Results for keywords:"Form ATS-N"

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Search Results: keywords:"Form ATS-N"

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  • 2024-28122 — Proposed Collection; Comment Request; Extension: Rule 304 of Regulation ATS
    Type:Notice
    Citation:89 FR 95256
    Reading Time:about 2 minutes

    The Securities and Exchange Commission (SEC) is seeking public comments on the collection of information required by Rule 304 of Regulation ATS. This rule pertains to alternative trading systems and requires them to submit Form ATS-N, providing details about their operations to increase transparency and reduce conflicts of interest. The SEC estimates it takes about 1,901 hours a year for entities to comply with these requirements. Comments on the usefulness and burden of the information collection are invited until January 31, 2025.

    Simple Explanation

    The SEC wants to hear what people think about a rule that asks certain trading places, called alternative trading systems, to fill out a form providing important information about how they work. This rule helps make sure everything is clear and fair, but filling out the form takes a lot of time, so they want to know if it's worth it.

  • 2025-03022 — Submission for OMB Review; Comment Request; Extension: Rule 304 of Regulation ATS
    Type:Notice
    Citation:90 FR 10663
    Reading Time:about 2 minutes

    The Securities and Exchange Commission (SEC) has requested approval from the Office of Management and Budget (OMB) to extend the information collection requirements under Rule 304 of Regulation ATS and Form ATS-N. These requirements are part of the regulatory framework for alternative trading systems, aiming to enhance transparency and competition in trading markets. The SEC estimates that entities will spend approximately 1,901 hours annually to meet these obligations. Public comments on this request can be submitted by March 28, 2025, and further information can be viewed or requested from the SEC's Office of FOIA Services.

    Simple Explanation

    The SEC wants permission to keep rules that make trading places, like stock exchanges, share some important info to make sure everything is clear and fair. They think these places will need almost 1,901 hours each year to do this, and people can share their thoughts about it until March 28, 2025.