The Securities and Exchange Commission (SEC) is seeking approval from the Office of Management and Budget (OMB) to extend a rule requiring national securities exchanges to provide certain information. This rule, known as Rule 6a-3, involves exchanges reporting on the types of materials they distribute and monthly trading activity. With 26 exchanges involved, the SEC estimates a total annual reporting time of 156 hours. The public is encouraged to provide feedback on this information collection by March 31, 2025, through a designated website or email.
Simple Explanation
The SEC wants permission to keep asking big money exchanges for certain info to keep track of their activities. They figure it takes about 6 minutes each month for each exchange to tell them what they need to know.