OMB files this comment in accordance with 5 CFR 1320.11( c ). This OMB action is not
an approval to conduct or sponsor an information collection under the Paperwork Reduction Act of
1995. This action has no effect on any current approvals. If OMB has assigned this ICR a new OMB
Control Number, the OMB Control Number will not appear in the active inventory. For future
submissions of this information collection, reference the OMB Control Number provided. Pursuant to
5 CFR 1320.11(c), OMB files this comment on this information collection request (ICR). In
accordance with 5 CFR 1320, OMB is withholding approval at this time. The agency shall examine
public comment in response to the NPRM and will include in the supporting statement of the next
ICR--to be submitted to OMB at the final rule stage--a description of how the agency has responded
to any public comments on the ICR, including comments on maximizing the practical utility of the
collection and minimizing the burden. This action has no effect on any current approvals.
Inventory as of this Action
Requested
Previously Approved
10/31/2016
36 Months From Approved
10/31/2016
4,814
0
4,814
1,196,401
0
1,196,401
23,545,000
0
23,545,000
Rule 17a-4 requires certain records to be maintained by certain exchange members and registered brokers and dealers.
The annual ongoing hour burden of 1,157,835 hours reflects a 38,566 hour decrease over the current OMB inventory of 1,196,401 hours. This change incorporates a decrease of 269 in the number of respondents, from 4,814 to 4,545, an increase in the number of estimated internal broker-dealer systems from 130 to 150, and an additional 2,955 hours attributable to the proposed amendments to Rule 17a-4 described in the SBS Recordkeeping Release.
The ongoing annual cost burden of $22,791,280 is $753,720 lower than the current OMB inventory of $23,545,000. This decreased cost estimate reflects a decrease of 269 in the number of respondents, tempered by an additional $66,280 attributable to the amendments to Rule 17a-4 described in the SBS Recordkeeping Release.
$0
No
No
No
Yes
No
Uncollected
Valentina Deng 202 551-5778
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.
Rule 17a-4 Supporting Statement - Final 3-17-16.docx
Rule 17a-4; Records to be Preserved by Certain Exchange Members, Brokers and Dealers