Rule 17a-11 (17 CFR 240.17a-11) Notification provisions for brokers and dealers

Forms and Documents

Document Name	Status
Rule_17a-11_Supporting_Statement_Version_C[1].pdf Supporting Statement A	2013-09-11

IC Document Collections

IC ID	Document Title	Status
34332	Rule 17a-11 (17 CFR 240.17a-11) Notification provisions for brokers and dealers.	Modified
208441	Rule 17a-11 - amendment 3 to (c)(5)	New
208440	Rule 17a-11 - amendment 2 to (c)(5)	New
208439	Rule 17a-11 - amendment 1 to (c)(5)	New
208438	Rule 17a-11 - amendment to (b)(1)	New

ICR Details

OMB Control No: 3235-0085	ICR Reference No: 201309-3235-001
Status: Historical Active	Previous ICR Reference No: 201204-3235-017
Agency/Subagency: SEC	Agency Tracking No: TM-270-094
Title: Rule 17a-11 (17 CFR 240.17a-11) Notification provisions 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: Approved without change	Conclusion Date: 10/28/2013
	Date Received in OIRA: 09/12/2013
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	10/31/2016	36 Months From Approved	08/31/2015
Responses	546	0	465
Time Burden (Hours)	737	0	465
Cost Burden (Dollars)	0	0	0

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Abstract: Rule 17a-11 was adopted in 1971 to provide advance warning and information regarding brokers and dealers that are experiencing financial or operational difficulties.

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Authorizing Statute(s): US Code: 15 USC 78q(a) Name of Law: Securities Exchange Act
   US Code: 15 USC 78w(a) Name of Law: Securities Exchange Act
   US Code: 15 USC 78o(c)(3) Name of Law: Securities Exchange Act
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
3235-AJ85	Final or interim final rulemaking	78 FR 51824	08/21/2013

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Federal Register Notices & Comments

Did the Agency receive public comments on this ICR? Yes

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Number of Information Collection (IC) in this ICR: 5

IC Title	Form No.	Form Name
Rule 17a-11 - amendment to (b)(1)
Rule 17a-11 - amendment 2 to (c)(5)
Rule 17a-11 - amendment 3 to (c)(5)
Rule 17a-11 (17 CFR 240.17a-11) Notification provisions for brokers and dealers.
Rule 17a-11 - amendment 1 to (c)(5)

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ICR Summary 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	546	465	0	81	0	0
Annual Time Burden (Hours)	737	465	0	272	0	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: Yes

Burden Increase Due to: Changing Regulations

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: The increase in burden occurred due to the July 30, 2013 amendments to the broker-dealer financial responsibility rules (Financial Responsibility Rules for Broker-Dealers, Securities Exchange Act Release No. 70072 (July 30, 2013), 78 FR 51824 (Aug. 21, 2013)), which address several areas of concern regarding these rules. Specifically, the amendments to Rule 17a-11 help identify broker-dealers with highly leveraged non-government securities lending and borrowing and repurchase operations, as well as broker-dealers that are insolvent as defined under Rule 15c3-1.

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Annual Cost to Federal Government: $9,118

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

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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: 09/11/2013

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