Records To Be Preserved by Certain Exchange Members, Brokers, and Dealers

Forms and Documents

Document Name	Status

No forms / supporting documents in this ICR. Check IC Document Collections.

IC Document Collections

IC ID	Document Title	Status
34749	Records To Be Preserved by Certain Exchange Members, Brokers, and Dealers	Migrated

ICR Details

OMB Control No: 3235-0279	ICR Reference No: 199610-3235-019
Status: Historical Inactive	Previous ICR Reference No: 199605-3235-023
Agency/Subagency: SEC	Agency Tracking No:
Title: Records To Be Preserved by Certain Exchange Members, Brokers, and Dealers
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Comment filed on proposed rule and continue	Conclusion Date: 02/19/1997
	Date Received in OIRA: 10/28/1996
Terms of Clearance: 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
Expiration Date	06/30/1999	02/29/2000	06/30/1999
Responses	8,300	0	8,300
Time Burden (Hours)	2,077,075	0	0
Cost Burden (Dollars)	41,541,000	0	0

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Abstract: 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.

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Authorizing Statute(s): None

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:

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Federal Register Notices & Comments

Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
Records To Be Preserved by Certain Exchange Members, Brokers, and Dealers

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Burden increases because of Program Change due to Agency Discretion: Yes

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement:

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Annual Cost to Federal Government: $0

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? Uncollected

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? Uncollected

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? Uncollected

Is this ICR related to the Pandemic Response? Uncollected

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Common Form ICR:  No

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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:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(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;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

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.

Certification Date: 10/28/1996

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