Rule 15c3-1; Net Capital Requirements for Brokers and Dealers

Forms and Documents

Document	Type	Status	Availability
33-8312.pdf	Supplementary Document	Uploaded 2006-10-30	Available
Rule 15a-5 Source Document #1.doc	Supplementary Document	Uploaded 2006-10-30	Repair queued
Rule 15a-5 Source Document #2.doc	Supplementary Document	Uploaded 2006-10-30	Available
Rule 15c3-1 justification.doc	Supporting Statement A	Uploaded 2006-10-24	Available

IC Document Collections

IC ID	Collection	Type	Status	Form
42976	Rule 15c3-1; Net Capital Requirements for Brokers and Dealers		Modified

ICR Details

OMB Control No: 3235-0200	ICR Reference No: 200610-3235-006
Status: Historical Active	Previous ICR Reference No: 200405-3235-014
Agency/Subagency: SEC	Agency Tracking No: 270-197
Title: Rule 15c3-1; Net Capital Requirements for 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: Approved without change	Conclusion Date: 01/10/2007
	Date Received in OIRA: 11/01/2006
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	01/31/2010	36 Months From Approved	01/31/2007
Responses	1,511	0	1,100
Time Burden (Hours)	84,616	0	112,430
Cost Burden (Dollars)	712,000	0	712,000

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Abstract: Rule 15c3-1 was adopted in 1971 to ensure that brokers and dealers maintain sufficient liquid assets in excess of liabilities to promptly satisfy the claims of customers in the event the broker or dealer fails.

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Authorizing Statute(s): US Code: 15 USC 78o Name of Law: Securities Exchange Act of 1934
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	71 FR 50108	08/24/2006
30-day Notice:	Federal Register Citation:	Citation Date:
	71 FR 64322	11/01/2006
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
Rule 15c3-1; Net Capital Requirements for Brokers and Dealers

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ICR Summary of Burden

	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	1,511	1,100	0	0	411	0
Annual Time Burden (Hours)	84,616	112,430	0	0	-27,814	0
Annual Cost Burden (Dollars)	712,000	712,000	0	0	0	0

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

Burden Increase Due to:

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

Burden Reduction Due to:

Short Statement: The number of hours related to the review and backtesting of mathematical models in Appendix E and G were reduced to more accurately reflect the fact that tasks performed under Appendix G with respect to the holding company of a CSE firm would fulfill certain requirements of Appendix E with respect to the broker-dealer without requiring further work. In addition, the cost of the hour burden under the current Rule 15c3-1 was revised to reflect new compensation and earnings information based on 2005 year end numbers, based on comparable positions in the updated SIA Reporting Management & Professional Earnings in the Securities Industry (2005).

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Annual Cost to Federal Government: $5,520

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: 11/01/2006

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