[Federal Register Volume 91, Number 107 (Thursday, June 4, 2026)]
[Notices]
[Pages 33847-33848]
From the Federal Register Online via the Government Publishing Office [ www.gpo.gov ]
[FR Doc No: 2026-11210]
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SECURITIES AND EXCHANGE COMMISSION
[OMB Control No. 3235-0202]
Agency Information Collection Activities; Submission for OMB
Review; Comment Request; Extension: Rule 15c2-11
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. Sec. 3501 et seq.), the Securities and Exchange
Commission (SEC or ``Commission'') is submitting to the Office of
Management and Budget (OMB) this request for an extension of the
proposed collection of information provided for in Rule 15c2-11 (17
CFR240.15c2-11) (``Rule''), under the Securities Exchange Act of 1934
(15 U.S.C. 78a et seq.).
Rule 15c2-11 governs the publication of quotations for securities
in a quotation medium other than a national securities exchange (i.e.,
over the counter (``OTC'') securities). The Rule is designed to prevent
broker-dealers from publishing or submitting quotations for OTC
securities that may facilitate a fraudulent or manipulative scheme.
Subject to certain exceptions, the Rule prohibits broker-dealers from
publishing any quotation for a security or, directly or indirectly,
submitting any quotation for publication, in a quotation medium unless
they have reviewed specified information concerning the issuer.
[[Page 33848]]
Based on the current structure of the market, the Commission staff
believes that the recordkeeping and review requirements under Rule
15c2-11 apply to 196 broker-dealers, one qualified interdealer
quotation system (``QIDQS''), and one registered national securities
association (``RNSA''). Based on information provided by the Financial
Industry Regulatory Authority, Inc. (``FINRA''), the Commission staff
understands that in the 2024 calendar year, 266 Form 211 applications
were filed to initiate the publication or submission of quotations of
OTC securities: 76 of these Forms 211 concerned OTC securities of
prospectus issuers, Regulation A (``Reg. A'') issuers, and reporting
issuers; 163 concerned OTC securities of ``exempt foreign private
issuers''; and 27 concerned OTC securities of ``catch-all issuers.''
The collection of information that is submitted to FINRA for review and
approval is currently not available to the public from FINRA.
Commission staff estimates that the total annual burden of the
information collection requirements prescribed in the Rule is 1,771,343
hours.
The required Federal Register notice with a 60-day comment period
soliciting comments on this collection of information was published.
One comment was received. The comment requested additional information
and was not related to the collection requirement itself or to the
estimated burdens.
An agency may not conduct or sponsor, and a person is not required
to respond to, a collection of information unless it displays a
currently valid OMB Control Number.
The public may view and comment on this information collection
request at: https://www.reginfo.gov/public/do/PRAViewICR?ref_nbr=202604-3235-013 or email comment to
[email protected] within 30 days of the day
after publication of this notice, by July 6, 2026.
Dated: June 2, 2026.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2026-11210 Filed 6-3-26; 8:45 am]
BILLING CODE 8011-01-P
Source
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