Confirmation of Securities Transactions (17 C.F.R. 240.10b-10)

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
Rule 10b-10 Support.doc	Supporting Statement A	Uploaded 2007-04-26	Available

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
35121	Confirmation of Securities Transactions (17 C.F.R. 240.10b-10)		Modified

ICR Details

OMB Control No: 3235-0444	ICR Reference No: 200702-3235-004
Status: Historical Active	Previous ICR Reference No: 200402-3235-002
Agency/Subagency: SEC	Agency Tracking No: 270-389
Title: Confirmation of Securities Transactions (17 C.F.R. 240.10b-10)
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved with change	Conclusion Date: 08/09/2007
	Date Received in OIRA: 04/30/2007
Terms of Clearance: The agency should be sure to accurately report changes in burden.

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	08/31/2010	36 Months From Approved	08/31/2007
Responses	4,664,001,336	0	2,540,000
Time Burden (Hours)	93,280,027	0	42,300,000
Cost Burden (Dollars)	4,244,241,216	0	2,260,000,000

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Abstract: Rule 10b-10 under the Securities Exchange Act of 1934 requires broker-dealers to send a written statement to customers containing basic information regarding their securities transactions. The rule applies to all transactions in securities other than municipal securities or U.S. savings bonds and certain investment company securities or municipal fund securities which Section 240.15c2-2 applies to.

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Authorizing Statute(s): US Code: 15 USC 78a Name of Law: Securities and 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:
	72 FR 6013	02/08/2007
30-day Notice:	Federal Register Citation:	Citation Date:
	72 FR 20150	04/23/2007
Did the Agency receive public comments on this ICR? No

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

table that charts list of burden

IC Title	Form No.	Form Name
Confirmation of Securities Transactions (17 C.F.R. 240.10b-10)

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ICR Summary of Burden

table that charts list 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	4,664,001,336	2,540,000	0	0	4,661,461,336	0
Annual Time Burden (Hours)	93,280,027	42,300,000	0	0	50,980,027	0
Annual Cost Burden (Dollars)	4,244,241,216	2,260,000,000	0	0	1,984,241,216	0

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

Burden Increase Due to: Miscellaneous Actions

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

Burden Reduction Due to:

Short Statement: The Commission staff has changed its estimate of burden because we believe the data and method we are currently using to produce our estimate are more reliable than the data and method used before. The change does not result from changes in the Commission’s administration of the rule. The changes in burden are due to several factors. First, the Commission proposed new Rule 15c2-2 in 2004. Because proposed Rule 15c2-2 would have governed confirmation disclosure of purchases and sales in investment company and related securities, we proposed in 2004 to amend Rule 10b-10 to exclude those securities. This would have resulted in a significant number of transaction confirmations being delivered pursuant to Rule 15c2-2 instead of Rule 10b-10, thereby reducing the burdens of complying with Rule 10b-10.

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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: 04/30/2007

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