Search Results for keywords:"Rule 6a-3"

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Search Results: keywords:"Rule 6a-3"

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  • 2025-03273 — Submission for OMB Review; Comment Request; Extension: Rule 6a-3
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    Type:Notice
    Citation:90 FR 10962
    Reading Time:about 2 minutes

    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.

  • 2024-29915 — Proposed Collection; Comment Request; Extension: Rule 6a-3
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    Type:Notice
    Citation:89 FR 103012
    Reading Time:about 2 minutes

    The Securities and Exchange Commission (SEC) is seeking public comments on the information collection requirements set forth in Rule 6a-3 under the Securities Exchange Act of 1934. This rule mandates national securities exchanges to provide the SEC with certain information, such as reports and materials issued to exchange members. The SEC estimates that these exchanges collectively spend 156 hours annually fulfilling these requirements. Comments are welcomed on the necessity and usefulness of the rule, estimated burdens, and potential improvements, and must be submitted by February 18, 2025.

    Simple Explanation

    The SEC wants to hear what people think about a rule that makes stock markets send them information, like reports. They're asking if this rule is helpful and if the time spent on it is worth it, saying stock markets take about 156 hours a year to do this.