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

Forms and Documents

Document	Type	Status	Availability
Rule 15c3-3 Supporting Statement - Reference Removal Adopting Release.doc	Supporting Statement A	Uploaded 2014-04-13	Available

IC Document Collections

IC ID	Collection	Type	Status	Form
34302	Customer Protection - Reserves and Custody of Securities (17 CFR 240.15c3-3)		Unchanged
211253	Reference Removal 2		New
211252	Reference Removal 1		New
208492	Rule 15c3-3 Part 2		Unchanged
208490	Rule 15c3-3(j)(2) Part 1		Unchanged
208489	Rule 15c3-3(j)(1) Part 2		Unchanged
208487	Rule 15c3-3(j)(1) Part 1		Unchanged
208486	Rule 15c3-3(e) Part 2		Unchanged
208485	Rule 15c3-3(e) Part 1		Unchanged
208483	Rule 15c3-3 PAIB		Unchanged
208482	Rule 15c3-3(b)(5) Part 2		Unchanged
208481	Rule 15c3-3(b)(5) Part 1		Unchanged
208480	Rule 15c3-3(a)(16)		Unchanged
208479	Rule 15c3-3(o)		Unchanged
208478	Rule 15c3-3(f) Part 2		Unchanged
208477	Rule 15c3-3(f) Part 1		Unchanged

ICR Details

OMB Control No: 3235-0078	ICR Reference No: 201403-3235-012
Status: Historical Inactive	Previous ICR Reference No: 201309-3235-006
Agency/Subagency: SEC	Agency Tracking No: TM-270-173
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: Preapproved	Conclusion Date: 05/06/2014
	Date Received in OIRA: 04/22/2014
Terms of Clearance: Pre-approval contingent upon no substantive changes to this collection after adoption of the final rule. Otherwise this collection should be re-submitted to OMB for review.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	05/31/2017	36 Months From Approved	10/31/2016
Responses	1,982	0	1,838
Time Burden (Hours)	464,195	0	464,153
Cost Burden (Dollars)	2,631,926	0	2,631,926

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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-AL14	Proposed rulemaking	76 FR 26550	05/06/2011

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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: 16

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

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ICR Summary of Burden

	Total Request	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	1,982	1,838	0	144	0	0
Annual Time Burden (Hours)	464,195	464,153	0	42	0	0
Annual Cost Burden (Dollars)	2,631,926	2,631,926	0	0	0	0

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

Burden Increase Due to: Miscellaneous Actions

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

Burden Reduction Due to:

Short Statement: The Commission adopted amendments to Rule 15c3-3 as part of the amendments to remove reference to credit ratings under the Securities Exchange Act of 1934.

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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]? 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: 04/22/2014

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