Rule 8c-1, Hypothecation of customer's securities

ICR 201010-3235-024

OMB: 3235-0514

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2011-01-04
IC Document Collections
IC ID
Document
Title
Status
35298
Modified
ICR Details
3235-0514 201010-3235-024
Historical Active 200709-3235-002
SEC TM-270-455
Rule 8c-1, Hypothecation of customer's securities
Extension without change of a currently approved collection   No
Regular
Approved without change 03/06/2011
Retrieve Notice of Action (NOA) 01/04/2011
  Inventory as of this Action Requested Previously Approved
03/31/2014 36 Months From Approved 03/31/2011
4,995 0 6,390
2,498 0 3,195
0 0 178,920

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.

US Code: 15 USC 78q, 78w, 78mm, 80a-30(a), 80a Name of Law: Securities Exchange Act of 1934
  
None

Not associated with rulemaking

  75 FR 66805 10/29/2010
76 FR 396 01/04/2011
No

1
IC Title Form No. Form Name
Rule 8c-1, Hypothecation of customer's 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 4,995 6,390 0 0 -1,395 0
Annual Time Burden (Hours) 2,498 3,195 0 0 -697 0
Annual Cost Burden (Dollars) 0 178,920 0 0 -178,920 0
No
No
Changes in burden are reflective of the most recent statistics regarding number of responses and time required for response. The number of respondents decreased from 142 as of year-end 2006 to 111 as of year-end 2010. The hourly burden did not change. The cost of labor was incorrectly included in the cost burden in the prior submission, and has now been corrected.

$0
No
No
No
No
No
Uncollected
Leigh Bothe 2125515511

  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.
01/04/2011


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