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Federal forms, ICRs, and supporting documents

Information Collection Request

Rule 17a-5(c); Customer Financial Statements for Brokers and Dealers.

ICR 201109-3235-006 · OMB 3235-0199 · Historical Active

Forms and Documents
DocumentTypeStatusAvailability
2011 17a-5(c) supporting statement.doc Supporting Statement A Uploaded 2011-12-05 Available
IC Document Collections
IC IDCollectionTypeStatusForm
34552 Rule 17a-5(c) - ICR 1 Modified
199353 Rule 17a-5(c): ICR 4 New
199352 Rule 17a-5(c): ICR 3 New
199297 Rule 17a-5(c): ICR 2 New
ICR Details
3235-0199 201109-3235-006
Historical Active 200809-3235-012
SEC TM-270-199
Rule 17a-5(c); Customer Financial Statements for Brokers and Dealers.
Extension without change of a currently approved collection   No
Regular
Approved without change 03/11/2012
Retrieve Notice of Action (NOA) 12/21/2011
  Inventory as of this Action Requested Previously Approved
03/31/2015 36 Months From Approved 03/31/2012
40,005,284 0 220,000,000
127,636 0 137,940
0 0 0
Rule 17a-5(c) sets forth requirements for broker-dealers that carry customer accounts to provide financial statements to their customers. The purpose of the Rule is to ensure that customers of broker-dealers are provided with information concerning the financial condition of the firm that may be holding the customers' cash and securities so that the customers can judge whether the broker or dealer is financially sound.
US Code: 15 USC 78q Name of Law: Securities Exchange Act of 1934
  
None
Not associated with rulemaking
  76 FR 59454 09/26/2011
76 FR 75921 12/05/2011
No
4
IC Title Form No. Form Name
Rule 17a-5(c): ICR 3
Rule 17a-5(c) - ICR 1
Rule 17a-5(c): ICR 2
Rule 17a-5(c): ICR 4
  Total Approved Previously Approved Change Due to New Statute Change Due to Agency Discretion Change Due to Adjustment in Estimate Change Due to Potential Violation of the PRA
Annual Number of Responses 40,005,284 220,000,000 0 0 -179,994,716 0
Annual Time Burden (Hours) 127,636 137,940 0 0 -10,304 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
Since the time of the last submission, there has been a decrease in the Commission's estimate of the number of broker-dealers that carry customer accounts, from 275 in 2008 to 244 in 2011, and a decrease in the total number of public customer accounts, from 110 million in 2008 to 101 million in 2011. Further, the Commission previously estimated that 225 broker-dealers took advantage of the exemption of paragraph (c)(5) of Rule 17a-5 and that 55 broker-dealers carrying approximately 22 million customer accounts did not take advantage of the exemption. The Commission now estimates that 195 broker-dealers take advantage of the exemption and that 49 broker-dealers carrying 20 million customer accounts do not take advantage of the exemption. As a result, the overall time burden has decreased from 138,000 hours to 128,000 hours.
$0
No
No
No
No
No
Uncollected
Timothy Fox 202 551-5687
  No
On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
 
 
 
 
 
 
 
    (i) Why the information is being collected;
    (ii) Use of information;
    (iii) Burden estimate;
    (iv) Nature of response (voluntary, required for a benefit, or mandatory);
    (v) Nature and extent of confidentiality; and
    (vi) Need to display currently valid OMB control number;
 
 
 
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.
12/21/2011