In accordance
with the Paperwork Reduction Act of 1995 and 5 CFR 1320.11, OMB is
not approving this information collection at this time. OMB has
concerns about the need, practical utility, and burden of this
information collection which it hopes will be resolved in the final
rulemaking. The agency should, in accordance with 5 CFR 1320.11(h),
submit the final rule and information collections for OMB review
prior to publication.
Inventory as of this Action
Requested
Previously Approved
06/30/1999
02/29/2000
06/30/1999
8,300
0
8,300
2,077,075
0
0
41,541,000
0
0
Rule 17a-4, which took effect in 1940,
requires broker-dealers to preserve certain books and records for
prescribed periods of time. The Commission is proposing amendments
to Rule 17a-4 that would clarify the current requirements of such
Rule, that would require broker-dealers to preserve certain
additional records, and that would require broker-dealers to make
certain books and records available in each of their local
offices.
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.