Implementing Regulations: Government Securities Act of 1986, as amended

Forms and Documents

Document	Type	Status	Availability
Form G-FIN-4 Implementing Regulations: Government Securities Act of 1986, as amended	Form and Instruction	Modified	Available
PRA Submission - Attachments LPR Proposed Rule (April 2014).pdf	Supplementary Document	Uploaded 2014-06-04	Available
1545-0089_SS_NPRM LPR _REV_09JUN14.doc	Supporting Statement A	Uploaded 2014-06-16	Available

IC Document Collections

IC ID	Collection	Type	Status	Form
39270	Implementing Regulations: Government Securities Act of 1986, as amended	Form and Instruction	Modified

ICR Details

OMB Control No: 1535-0089	ICR Reference No: 201406-1535-001
Status: Historical Inactive	Previous ICR Reference No: 201302-1535-001
Agency/Subagency: TREAS/BPD	Agency Tracking No:
Title: Implementing Regulations: Government Securities Act of 1986, as amended
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Comment filed on proposed rule and continue	Conclusion Date: 08/29/2014
	Date Received in OIRA: 06/16/2014
Terms of Clearance: Pursuant to 5 CFR 1320.11(c), OMB files this comment on this information collection request (ICR. The agency shall examine public comment in response to the NPRM and will describe in the supporting statement of its next collection any public comments received regarding the collection as well as why (or why it did not) incorporate the commenter’s recommendation. The next submission to OMB must include the draft final rule.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	07/31/2016	36 Months From Approved	07/31/2016
Responses	8,285	0	8,285
Time Burden (Hours)	282,986	0	282,986
Cost Burden (Dollars)	0	0	0

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Abstract: The regulations require government securities broker/dealers to make and keep certain records concerning government securities activities, to submit financial reports, and make certain disclosures to investors. The regulations also require depository institutions to keep certain records of non-fiduciary custodial holdings of government securities. The regulations and associated collections are fundamental to customer protection and financial responsibility.

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Authorizing Statute(s): US Code: 17 USC CFR Title 17 Chapter IV Name of Law: null
  

Citations for New Statutory Requirements: US Code: 15 USC 780-5 Name of Law: Government Securities Act

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
1505-AA00	Proposed rulemaking	79 FR 33145	06/10/2014

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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: 1

IC Title	Form No.	Form Name
Implementing Regulations: Government Securities Act of 1986, as amended	G-FIN-4, G-FIN-5, G-405 PART I, G-405 PART II, G-405 PART IIA, G-405 PART III, G-405 SCH I	Disclosure Form for Person Associated with a Financial Institution Government Securities Broker or Dealer ,   Uniform Termination Notice for Person Associated with a Financial Institution Government Securities Broker or Dealer ,   Report on Finances and Operations of Government Securities Brokers and Dealers ,   Report on Finances and Operations of Government Securities Brokers and Dealers ,   Report on Finances and Operations of Government Securities Brokers and Dealers ,   Report on Finances and Operations of Government Securities Brokers and Dealers ,   Report on Finances and Operations of Government Securities Brokers and Dealers

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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 proposed amendments would require more detailed information to be provided by entities that file reports, we are increasing the annual reporting burden by 104 hours, representing an increase from eight hours to ten hours per reporting entity and an increase from 12 to 20 reporting entities.

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Annual Cost to Federal Government: $148,600

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: 06/16/2014

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