Regulation SCI and Form SCI

Forms and Documents

Document	Type	Status	Availability
Form Form SCI SCI review required by Rule 1003(b)(3)	Form and Instruction	Modified	Repair queued
Form Form SCI SCI review required by Rule 1003(b)(1) and (b)(2)	Form and Instruction	Modified	Repair queued
Form Form SCI Material systems change notice required by Rule 1003(a)	Form and Instruction	Modified	Available
Form Form SCI SCI event notice required by Rule 1002(b)	Form and Instruction	Modified	Available
PRA - SCI - Adopting Rule Final 5-19-15.pdf	Supporting Statement A	Uploaded 2015-05-21	Repair queued

IC Document Collections

IC ID	Collection	Type	Status	Form
216647	Access to EFFS - digital ID		New
216646	Access to EFFS - EAUF		New
216640	Policies and procedures required by Rule 1001(c)		New
207227	Recordkeeping required by Rules 1005 and 1007		Modified
207226	Identification of critical SCI systems, major SCI events, de minimis SCI events, and material systems changes		Modified
207225	Corrective action required by Rule 1002(a)		Modified
207224	SCI review required by Rule 1003(b)(3)	Form and Instruction	Modified
207223	SCI review required by Rule 1003(b)(1) and (b)(2)	Form and Instruction	Modified
207214	Material systems change notice required by Rule 1003(a)	Form and Instruction	Modified
207212	Dissemination of information required by Rule 1002(c)		Modified
207211	SCI event notice required by Rule 1002(b)	Form and Instruction	Modified
207210	Mandate participation in certain testing for plan processors required by Rule 1004		Modified
207209	Mandate participation in certain testing for non-plan processors required by Rule 1004		Modified
207208	Policies and procedures required by Rule 1001(b)		Modified
207206	Policies and procedures required by Rule 1001(a)		Modified

ICR Details

OMB Control No: 3235-0703	ICR Reference No: 201503-3235-004
Status: Historical Active	Previous ICR Reference No: 201306-3235-001
Agency/Subagency: SEC	Agency Tracking No: TM-270-653
Title: Regulation SCI and Form SCI
Type of Information Collection: New collection (Request for a new OMB Control Number)	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 09/15/2015
	Date Received in OIRA: 05/21/2015
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	09/30/2018	36 Months From Approved
Responses	14,156	0	0
Time Burden (Hours)	302,019	0	0
Cost Burden (Dollars)	7,024,612	0	0

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Abstract: Regulation SCI would update and formalize a regulatory framework for ensuring that the U.S. securities trading markets develop and maintain systems with adequate capacity, integrity, resiliency, availability, and security, and reinforce the requirement that such systems operate in compliance with relevant laws and rules.

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Authorizing Statute(s): US Code: 15 USC 78a et seq Name of Law: 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-AL43	Final or interim final rulemaking	79 FR 72251	12/05/2014

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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: 15

IC Title	Form No.	Form Name
Identification of critical SCI systems, major SCI events, de minimis SCI events, and material systems changes
Recordkeeping required by Rules 1005 and 1007
SCI review required by Rule 1003(b)(3)	Form SCI	Form SCI
Corrective action required by Rule 1002(a)
SCI review required by Rule 1003(b)(1) and (b)(2)	Form SCI	Form SCI
Policies and procedures required by Rule 1001(c)
Access to EFFS - EAUF
Access to EFFS - digital ID
Policies and procedures required by Rule 1001(a)
Policies and procedures required by Rule 1001(b)
Mandate participation in certain testing for non-plan processors required by Rule 1004
Mandate participation in certain testing for plan processors required by Rule 1004
SCI event notice required by Rule 1002(b)	Form SCI	Form SCI
Dissemination of information required by Rule 1002(c)
Material systems change notice required by Rule 1003(a)	Form SCI	Form SCi

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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	14,156	0	0	14,156	0	0
Annual Time Burden (Hours)	302,019	0	0	302,019	0	0
Annual Cost Burden (Dollars)	7,024,612	0	0	7,024,612	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: As adopted, certain requirements of the rules were removed resulting in a decreased burden. However, an increase in burden for certain rules has also occurred upon consideration of commenters' suggestions that the Commission had underestimated the required burden hours in various provisions of the rules.

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Annual Cost to Federal Government: $420,000

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: 05/21/2015

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