Rule 15c3-3; Customer Protection - Reserves and Custody of Securities (17 CFR 240.15c3-3)

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
Rule 15c3-3 Supporting Statement Version D.pdf	Supporting Statement A	Uploaded 2013-09-12	Available

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
34302	Customer Protection - Reserves and Custody of Securities (17 CFR 240.15c3-3)		Modified
208492	Rule 15c3-3 Part 2		New
208490	Rule 15c3-3(j)(2) Part 1		New
208489	Rule 15c3-3(j)(1) Part 2		New
208487	Rule 15c3-3(j)(1) Part 1		New
208486	Rule 15c3-3(e) Part 2		New
208485	Rule 15c3-3(e) Part 1		New
208483	Rule 15c3-3 PAIB		New
208482	Rule 15c3-3(b)(5) Part 2		New
208481	Rule 15c3-3(b)(5) Part 1		New
208480	Rule 15c3-3(a)(16)		New
208479	Rule 15c3-3(o)		New
208478	Rule 15c3-3(f) Part 2		New
208477	Rule 15c3-3(f) Part 1		New

ICR Details

OMB Control No: 3235-0078	ICR Reference No: 201309-3235-006
Status: Historical Active	Previous ICR Reference No: 201103-3235-025
Agency/Subagency: SEC	Agency Tracking No: TM-270-087
Title: Rule 15c3-3; Customer Protection - Reserves and Custody of Securities (17 CFR 240.15c3-3)
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
Retrieve Notice of Action (NOA)	Date Received in OIRA: 09/12/2013
Terms of Clearance:

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	10/31/2016	36 Months From Approved	05/31/2014
Responses	1,838	0	279
Time Burden (Hours)	464,153	0	65,091
Cost Burden (Dollars)	2,631,926	0	507,492

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Abstract: Rule 15c3-3 provides for the protection of customer funds and securities in the custody of a broker-dealer. The Rule sets forth standards for (i) a broker-dealer's acceptance, custody, and use of customer securities, and (ii) the maintenance of reserves with respect to customer deposits and monies obtained from the use of customer securities. Rule 15c3-3 also contains requirements for broker-dealers that hold security futures products for customers.

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Authorizing Statute(s): US Code: 15 USC 78b, 78c, 78o, 78o-4, 78q, 78w Name of Law: Sections 2, 3, 15, 15B, 17 and 23 of the Securities Exchange Act of 1934.
  

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? No

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Number of Information Collection (IC) in this ICR: 14

table that charts list of burden

IC Title	Form No.	Form Name
Customer Protection - Reserves and Custody of Securities (17 CFR 240.15c3-3)
Rule 15c3-3 PAIB
Rule 15c3-3 Part 2
Rule 15c3-3(a)(16)
Rule 15c3-3(b)(5) Part 1
Rule 15c3-3(b)(5) Part 2
Rule 15c3-3(e) Part 1
Rule 15c3-3(e) Part 2
Rule 15c3-3(f) Part 1
Rule 15c3-3(f) Part 2
Rule 15c3-3(j)(1) Part 1
Rule 15c3-3(j)(1) Part 2
Rule 15c3-3(j)(2) Part 1
Rule 15c3-3(o)

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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	1,838	279	0	1,559	0	0
Annual Time Burden (Hours)	464,153	65,091	0	399,062	0	0
Annual Cost Burden (Dollars)	2,631,926	507,492	0	2,124,434	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: Yes

Burden Reduction Due to: Miscellaneous Actions

Short Statement: The changes in burdens occurred primarily due to adjustments in the number of registered broker-dealers, adjustments in the postage rates, and the adoption of 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 15c3-3 enhance customer protection by, among other things, placing restrictions on the amount of cash a broker-dealer may deposit in its special reserve bank account, and enhancing requirements regarding a broker-dealer's treatment of a customer's free credit balances.

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Annual Cost to Federal Government: $1,050

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: 09/12/2013

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