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

Forms and Documents

Document Name	Status
2010 Onnig Rule 15c3-1 Supporting Statement.doc Supporting Statement A	2010-07-01

IC Document Collections

IC ID	Document Title	Status
42976	Rule 15c3-1; Net Capital Requirements for Brokers and Dealers	Modified
190804	Rule 15c3-1; Net Capital Requirements for Brokers and Dealers (Appendix G)	Removed
190803	Rule 15c3-1; Net Capital Requirements for Brokers and Dealers (Appendix E & G)	Modified
190802	Rule 15c3-1; Net Capital Requirements for Brokers and Dealers (Appendix C)	Modified

ICR Details

OMB Control No: 3235-0200	ICR Reference No: 201006-3235-004
Status: Historical Inactive	Previous ICR Reference No: 200909-3235-014
Agency/Subagency: SEC	Agency Tracking No: TM-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: Comment filed on proposed rule and continue	Conclusion Date: 09/13/2010
	Date Received in OIRA: 07/14/2010
Terms of Clearance: Pursuant to 5 CFR 1320.11(c), OMB files this comment on this information collection request (ICR). In accordance with 5 CFR 1320, OMB is withholding approval at this time. The agency shall examine public comment in response to the NPRM and will include in the supporting statement of the next ICR--to be submitted to OMB at the final rule stage--a description of how the agency has responded to any public comments on the ICR, including comments on maximizing the practical utility of the collection and minimizing the burden.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	12/31/2012	36 Months From Approved	08/31/2013
Responses	1,195	0	1,195
Time Burden (Hours)	73,301	0	73,301
Cost Burden (Dollars)	13,744,087	0	13,744,087

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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:
3235-AJ85	Proposed rulemaking	72 FR 12862	03/19/2007

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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: 3

IC Title	Form No.	Form Name
Rule 15c3-1; Net Capital Requirements for Brokers and Dealers (Appendix G)
Rule 15c3-1; Net Capital Requirements for Brokers and Dealers (Appendix E & G)
Rule 15c3-1; Net Capital Requirements for Brokers and Dealers
Rule 15c3-1; Net Capital Requirements for Brokers and Dealers (Appendix C)

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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: Yes

Burden Reduction Due to: Miscellaneous Actions

Short Statement: The annualized cost of internal hour burdens of $13,181,587 has been deleted because these costs relate to the internal costs of the annual hour burden for Rule 15c3-1. We note that the $13,181,587 decrease includes a decrease in the annual costs for Appendix C to Rule 15c3-1 of $47,700 from $610,200 to $562,500. The number of respondents has decreased by 10. The annual hour burdens for Appendixes E and G to the rule were reported separately, resulting in 20 respondents. The estimated number of firms using these two appendixes would be the same 10 firms. Therefore, these numbers have been combined to result in 10 respondents.

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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]? No

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)? No

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: 07/14/2010

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