Paragraph (b) of Rule 17a-13 (17 CFR 240.17a-3) generally requires that at least once each calendar quarter, all registered broker-dealers physically examine and count all securities held and account for all other securities not in their possession, but subject to the broker-dealerâs control or direction. Any discrepancies between the broker-dealerâs securities count and the firmâs records must be noted and, within seven days, the unaccounted for difference must be recorded in the firmâs records.  Paragraph (c) of Rule 17a-13 provides that under specified conditions, the securities count, examination, and verification of a broker-dealerâs entire list of securities may be conducted on a cyclical basis rather than on a certain date. Although Rule 17a-13 does not require a broker-dealer to file a report with the Commission, discrepancies between a broker-dealerâs records and its securities count may be required to be reported, for example, as a loss on Form X-17A-5 (17 CFR 248.617), which must be filed with the Commission under Exchange Act Rule 17a-5. Rule 17a-13 exempts broker-dealers that limit their business to the sale and redemption of securities of registered investment companies or interests or participation in an insurance company separate account and those who solicit accounts for federally insured savings and loan associations, provided that such persons promptly transmit all funds and securities and hold no customer funds and securities. Rule 17a-13 also does not apply to certain broker-dealers required to register only because they effect transactions in securities futures products. Rule 17a-13 requires the recording of only those differences in the broker-dealerâs records that remain unresolved seven business days after the date of the examination, count, and verification. The Commission or the self-regulatory organization (âSROâ) designated as the broker-dealerâs examining authority may examine these recorded discrepancies in a broker-dealerâs records to determine whether they are the result of the firmâs inability to maintain control of its business.
US Code:
15 USC 78q
Name of Law: Securities Exchange Act of 1934
US Code:
15 USC 78w
Name of Law: Securities Exchange Act of 1934
The estimated burden has decreased due to an decreased in the estimated number of respondents. The estimated burdens are discussed in more detail in the attached Supporting Statement.
$0
No
No
No
No
No
No
No
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.
20251118_3235-0035_2025-20181_90 FR 51802_30-Day Submission Notice.pdf.pdf
Rule 17a-13 (17 CFR 240.17a-3) Quarterly Security Counts to be made by Certain Exchange Members, Brokers, and Dealers.