Rule 8c-1, Hypothecation of customers' securities

ICR 200108-3235-002

OMB: 3235-0514

Federal Form Document

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
35297
Migrated
ICR Details
3235-0514 200108-3235-002
Historical Active 199809-3235-007
SEC
Rule 8c-1, Hypothecation of customers' securities
Extension without change of a currently approved collection   No
Regular
Approved without change 10/04/2001
Retrieve Notice of Action (NOA) 08/01/2001
  Inventory as of this Action Requested Previously Approved
11/30/2004 11/30/2004 10/31/2001
10,395 0 11,610
5,198 0 5,805
0 0 0

Rule 8c-1 prohibits the commingling under the same lien of securities of customers (a) with securities of other customers without their written consent and (b) with the broker-dealer's proprietary securities. The rule also prohibits a broker-dealer from hypothecating customers' securities for a sum in excess of the customer aggregate indebtedness to the broker-dealer.

None
None


No

1
IC Title Form No. Form Name
Rule 8c-1, Hypothecation of customers' securities

  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 10,395 11,610 0 0 -1,215 0
Annual Time Burden (Hours) 5,198 5,805 0 0 -607 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

$0
No
No
Uncollected
Uncollected
Uncollected
Uncollected

  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.
08/01/2001


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