Registered clearing agencies must send the Commission copies of materials the clearing agency distributes or makes generally available to its participants and other business contacts. Rule 17a-22 enables the Commission to stay informed about the clearing agency's activities and enhances the Commission's monitoring of the clearing agency's compliance with the Securities Exchange Act of 1934 and applicable regulations.
US Code:
15 USC 78q-1
Name of Law: Securities Exchange Act of 1934, Section 17A
The increase in the estimated respondent annual time burden from 200 hours in the previous submission in 2011 to 350 now is due to an increase in the number of active registered clearing agencies subject to the rule. The reduction in the annual dollar cost burden from $3,200 to $0 is due to the elimination of internal postage and administrative costs that were inadvertently included as item 13 costs in the prior submission.
$0
No
No
No
No
No
Uncollected
Abraham Jacob 202 551-5583
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.
3 2014 17A-22 Justification - DGL REVISED.pdf
Rule 17a-22, 17 CFR 240.17a-22; Supplemental Material of Registered Clearing Agencies