Rule 17a-4; Records to be Preserved by Certain Exchange Members, Brokers and Dealers
Revision of a currently approved collection
No
Regular
11/17/2023
Requested
Previously Approved
10/31/2026
01/31/2026
1,010,932,198
1,010,925,202
9,328,833
9,306,630
34,195,757
34,195,757
PROPOSED PARTIAL REVISION: In December 2022, the Commission proposed Regulation Best Execution that would establish through a Commission rule a best execution standard for broker-dealers and require broker-dealers to establish, maintain, and enforce written policies and procedures reasonably designed to comply with that best execution standard. In connection with proposed Regulation Best Execution, the Commission is proposing new recordkeeping requirements for broker-dealers in Rule 17a-4.
The Commission has proposed to amend Rule 17a-4, which would add new recordkeeping hour burden requirements. These are discussed in more detail in the attached Supporting Statement.
$0
No
No
No
No
No
No
No
Arisa Kettig 202 551-5000
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.
3235-0279 Supporting Statement (2023 Best Ex Proposed Revision).pdf
Rule 17a-4; Records to be Preserved by Certain Exchange Members, Brokers and Dealers