Rule 15Ba2-6T and Form MA-T-Temporary Registration of Municipal Advisors

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
Form Form MA-T Temporary Registration of Municipal Advisors – Form MA-T	Form	Modified	Available
Rule 15Ba2-6T PRA Extension Supporting Statement.docx	Supporting Statement A	Uploaded 2011-01-28	Available
Statutory Authority (8-30-10)(Revised-556P).docx	Supplementary Document	Uploaded 2010-08-31	Available

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
194469	Temporary Registration of Municipal Advisors – Form MA-T		Modified
194303	Temporary Registration of Municipal Advisors – Form MA-T	Form	Modified

ICR Details

OMB Control No: 3235-0659	ICR Reference No: 201011-3235-008
Status: Historical Active	Previous ICR Reference No: 201008-3235-015
Agency/Subagency: SEC	Agency Tracking No: TM-270-618
Title: Rule 15Ba2-6T and Form MA-T-Temporary Registration of Municipal Advisors
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 03/06/2011
	Date Received in OIRA: 01/28/2011
Terms of Clearance:

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	03/31/2014	36 Months From Approved	03/31/2011
Responses	2,000	0	2,000
Time Burden (Hours)	3,000	0	4,000
Cost Burden (Dollars)	400,000	0	400,000

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Abstract: The Securities and Exchange Commission has voted to propose a rule creating a new process by which municipal advisors must register with the SEC. Form MA-T must be filed by a municipal advisor by October 1, 2010, to be temporarily registered with the Commission, and therefore satisfy temporarily the registration requirement contained in Section 975 of the Dodd-Frank Wall Street Reform and Consumer Protection Act. The temporary rule will expire by no later than Dec. 31, 2011.

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Authorizing Statute(s): US Code: 15 USC 78o-4 Name of Law: Securities Exchange Act of 1934
  

Citations for New Statutory Requirements: PL: Pub.L. 111 - 203 975 Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act

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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:
	75 FR 70309	11/17/2010
30-day Notice:	Federal Register Citation:	Citation Date:
	76 FR 5223	01/28/2011
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 2

table that charts list of burden

IC Title	Form No.	Form Name
Temporary Registration of Municipal Advisors – Form MA-T	Form MA-T	Form MA-T
Temporary Registration of Municipal Advisors – Form MA-T

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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	2,000	2,000	0	0	0	0
Annual Time Burden (Hours)	3,000	4,000	0	0	-1,000	0
Annual Cost Burden (Dollars)	400,000	400,000	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 agency’s adjustment that resulted in a decrease of an annual estimated 1,000 hours in this information collection was due to the inadvertent inclusion within the hourly burden of certain outside counsel costs that were also properly included within the cost estimate in the previous information collection. We anticipate the total annual burden of the information collection will be 3,000 hours.

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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]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? Yes

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: 01/28/2011

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