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

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
15c3-1_Supporting_Statement[1].pdf	Supporting Statement A	Uploaded 2013-06-20	Available

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
42976	Rule 15c3-1; Net Capital Requirements for Brokers and Dealers		Modified
207432	Rule 15c3-1; Net Capital Requirements for Brokers and Dealers (Appendix C) - Opinion of Counsel		New
206989	Rule 15c3-1; Net Capital Requirements for Brokers and Dealers (Appendix E & G - review and update risk management control system - new firms)		New
206988	Rule 15c3-1; Net Capital Requirements for Brokers and Dealers (Appendix E & G - review and update risk management control system)		New
206987	Rule 15c3-1; Net Capital Requirements for Brokers and Dealers (Appendix G - notification provisions -new firms)		New
206986	Rule 15c3-1; Net Capital Requirements for Brokers and Dealers (Appendix G - notification provisions)		New
206985	Rule 15c3-1; Net Capital Requirements for Brokers and Dealers (Appendix G - annual burden of making & preserving records - new firms)		New
206984	Rule 15c3-1; Net Capital Requirements for Brokers and Dealers (Appendix G - annual burden of making & preserving records)		New
206983	Rule 15c3-1; Net Capital Requirements for Brokers and Dealers (Appendix G - one time burden of making & preserving records)		New
206981	Rule 15c3-1; Net Capital Requirements for Brokers and Dealers (Appendix G - prepare & file annual reports - new firms)		New
206980	Rule 15c3-1; Net Capital Requirements for Brokers and Dealers (Appendix G - prepare & file quarterly reports - new firms)		New
206979	Rule 15c3-1; Net Capital Requirements for Brokers and Dealers (Appendix G - prepare & file monthly reports - new firms)		New
206978	Rule 15c3-1; Net Capital Requirements for Brokers and Dealers (Appendix G - prepare & file annual reports)		New
206977	Rule 15c3-1; Net Capital Requirements for Brokers and Dealers (Appendix G - prepare & file quarterly reports)		New
206976	Rule 15c3-1; Net Capital Requirements for Brokers and Dealers (Appendix G - prepare & file monthly reports)		New
206975	Rule 15c3-1; Net Capital Requirements for Brokers and Dealers (Appendix E & G - backtesting - new firms)		New
206974	Rule 15c3-1; Net Capital Requirements for Brokers and Dealers (Appendix E & G - review and update models - new firms)		New
190804	Rule 15c3-1; Net Capital Requirements for Brokers and Dealers (Appendix E & G - backtesting)		Modified
190803	Rule 15c3-1; Net Capital Requirements for Brokers and Dealers (Appendix E & G - review and update models)		Modified
190802	Rule 15c3-1; Net Capital Requirements for Brokers and Dealers (Appendix E - one-time burden for new firms)		Modified

ICR Details

OMB Control No: 3235-0200	ICR Reference No: 201305-3235-009
Status: Historical Active	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: 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: 08/19/2013
	Date Received in OIRA: 06/20/2013
Terms of Clearance:

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	08/31/2016	36 Months From Approved	08/31/2013
Responses	1,093	0	1,195
Time Burden (Hours)	58,925	0	73,301
Cost Burden (Dollars)	160,000	0	13,744,087

---

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.

---

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

Citations for New Statutory Requirements: None

---

Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

---

Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	78 FR 23315	04/18/2013
30-day Notice:	Federal Register Citation:	Citation Date:
	78 FR 37247	06/20/2013
Did the Agency receive public comments on this ICR? No

---

Number of Information Collection (IC) in this ICR: 20

table that charts list of burden

IC Title	Form No.	Form Name
Rule 15c3-1; Net Capital Requirements for Brokers and Dealers (Appendix E & G - review and update models - new firms)
Rule 15c3-1; Net Capital Requirements for Brokers and Dealers (Appendix E & G - backtesting - new firms)
Rule 15c3-1; Net Capital Requirements for Brokers and Dealers (Appendix G - prepare & file monthly reports)
Rule 15c3-1; Net Capital Requirements for Brokers and Dealers (Appendix G - prepare & file quarterly reports)
Rule 15c3-1; Net Capital Requirements for Brokers and Dealers (Appendix G - prepare & file annual reports)
Rule 15c3-1; Net Capital Requirements for Brokers and Dealers (Appendix G - prepare & file monthly reports - new firms)
Rule 15c3-1; Net Capital Requirements for Brokers and Dealers (Appendix G - prepare & file quarterly reports - new firms)
Rule 15c3-1; Net Capital Requirements for Brokers and Dealers (Appendix G - prepare & file annual reports - new firms)
Rule 15c3-1; Net Capital Requirements for Brokers and Dealers (Appendix G - annual burden of making & preserving records)
Rule 15c3-1; Net Capital Requirements for Brokers and Dealers (Appendix G - annual burden of making & preserving records - new firms)
Rule 15c3-1; Net Capital Requirements for Brokers and Dealers (Appendix G - notification provisions)
Rule 15c3-1; Net Capital Requirements for Brokers and Dealers (Appendix G - notification provisions -new firms)
Rule 15c3-1; Net Capital Requirements for Brokers and Dealers (Appendix E & G - review and update risk management control system)
Rule 15c3-1; Net Capital Requirements for Brokers and Dealers (Appendix E & G - review and update risk management control system - new firms)
Rule 15c3-1; Net Capital Requirements for Brokers and Dealers (Appendix G - one time burden of making & preserving records)
Rule 15c3-1; Net Capital Requirements for Brokers and Dealers (Appendix E & G - backtesting)
Rule 15c3-1; Net Capital Requirements for Brokers and Dealers (Appendix E - one-time burden for new firms)
Rule 15c3-1; Net Capital Requirements for Brokers and Dealers (Appendix E & G - review and update models)
Rule 15c3-1; Net Capital Requirements for Brokers and Dealers
Rule 15c3-1; Net Capital Requirements for Brokers and Dealers (Appendix C) - Opinion of Counsel

---

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	1,093	1,195	0	0	-102	0
Annual Time Burden (Hours)	58,925	73,301	0	0	-14,376	0
Annual Cost Burden (Dollars)	160,000	13,744,087	0	0	-13,584,087	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: Since the last submission, there has been a decrease in the number of notices filed by broker-dealers, the number of broker-dealers that file consolidated financial reports, and the number of broker-dealers that Commission staff estimates will calculate net capital deductions for market and credit risk under Appendix E, resulting in an overall decrease in the burden estimates. The decrease in the aggregate dollar cost burden per year also is due to the fact that the prior PRA extensions erroneously treated the monetization of internal labor costs of compliance as a separate cost burden. There are no program changes. The previous submission did not properly determine the total number of ICRs for this rule.

---

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]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? Uncollected

---

Common Form ICR:  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:

(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: 06/20/2013

---