Rule 17a-4 requires certain records to be maintained by certain exchange members and registered brokers and dealers.
As part of proposed Regulation Best Interest, the Commission is proposing to amend Rule 17a-4 by revising paragraph (e)(5). In addition, as part of the separate Commission proposal, of new Rule 17a-14 and Form CRS, the Commission is proposing to add paragraph (e)(10) to Rule 17a-4. To aggregate the entire burden of Rule 17a-4 into one information collection (and OMB control number), the Commission is amending the annual burden hours for paragraph (e)(5) of Rule 17a-4 into this information collection.
The burden is increasing due to new record maintenance requirements in proposed Regulation Best Interest and proposed Rule 17a-14 and Form CRS.
$0
No
No
No
No
No
No
Uncollected
Geeta Dhingra 202 551-6177
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.
PRA Supporting Statement (17a-4).pdf
Rule 17a-4; Records to be Preserved by Certain Exchange Members, Brokers and Dealers