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Federal forms, ICRs, and supporting documents

Information Collection Request

Rule 17a-4; Records to be Preserved by Certain Exchange Members, Brokers and Dealers

ICR 201908-3235-003 · OMB 3235-0279 · Historical Active

Forms and Documents
DocumentTypeStatusAvailability
Rule 17a-4 (3235-0279) Supporting Statement (2019 Rulemaking).pdf Supporting Statement A Uploaded 2019-08-02 Available
IC Document Collections
IC IDCollectionTypeStatusForm
34755 Rule 17a-4; Records to be Preserved by Certain Exchange Members, Brokers and Dealers Unchanged
231799 Rule 17a-4(e)(10), Maintenance of Records in Connection with Rule 17a-14 and Form CRS New
231798 Rule 17a-4(e)(5), Ongoing Recordkeeping in Connection with Regulation Best Interest New
231797 Rule 17a-4(e)(5), New or Modified Documents Being Added to a Record Retention System in Connection with Regulation BI New
209189 Rule 17a-4(b)(11) Record preservation requirements Unchanged
ICR Details
3235-0279 201908-3235-003
Historical Active 201607-3235-007
SEC TM-270-198
Rule 17a-4; Records to be Preserved by Certain Exchange Members, Brokers and Dealers
Revision of a currently approved collection   No
Regular
Approved with change 10/03/2019
Retrieve Notice of Action (NOA) 08/09/2019
  Inventory as of this Action Requested Previously Approved
09/30/2021 11/30/2019 10/31/2019
1,084,644,132 0 4,254
10,064,606 0 1,042,866
20,520,000 0 20,520,000
Rule 17a-4 requires certain records to be maintained by certain exchange members and registered brokers and dealers. In connection with the new Regulation Best Interest, which was adopted in July 2019, the Commission amended Rule 17a-4 by revising paragraph (e)(5). In addition, as part of the related rulemaking for Rule 17a-14 and Form CRS, the Commission is amended Rule 17a-4 by adding new paragraph (e)(10) .
US Code: 15 USC 78b, 78c, 78o, 78o-4, 78q, 78w Name of Law: Sections 2, 3, 15, 15B, 17 and 23 of the Securities Exchange Act of 1934
  
None
3235-AM35 Final or interim final rulemaking 84 FR 33318 07/12/2019
No
  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 1,084,644,132 4,254 0 1,084,639,878 0 0
Annual Time Burden (Hours) 10,064,606 1,042,866 0 9,021,740 0 0
Annual Cost Burden (Dollars) 20,520,000 20,520,000 0 0 0 0
Yes
Changing Regulations
No
The burden is increasing due to new record maintenance requirements in proposed Regulation Best Interest and proposed Rule 17a-14 and Form CRS. In addition, the burdens in the final rule amendments are increasing from the ones that were submitted in 2018 for the proposed rule to (1) correct errors in the proposed burdens and (2) make adjustments to the number of responses and respondents and the hourly burdens per response.
$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.
08/09/2019