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
12/31/2012
36 Months From Approved
08/31/2013
1,195
0
1,195
73,301
0
73,301
13,744,087
0
13,744,087
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.
US Code:
15 USC 78o
Name of Law: Securities Exchange Act of 1934
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.
$5,520
No
No
No
Uncollected
No
Uncollected
Sheila Swartz 202 551-5545
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.
2010 Onnig Rule 15c3-1 Supporting Statement.doc
Rule 15c3-1; Net Capital Requirements for Brokers and Dealers