Rule 15c3-1; Net Capital Requirements for Brokers and Dealers

Forms and Documents

Document	Type	Status	Availability
Rule 15c3-1 Supporting Statement - SBSB Proposing Release - Final 3-23-16.pdf	Supporting Statement A	Uploaded 2016-04-01	Available

IC Document Collections

IC ID	Collection	Type	Status	Form
42976	Rule 15c3-1: Notices		Modified
220749	NEW: 15c3-1(c)(2(vi)(O)(l)(iii): Industry sector classification		New
220748	NEW: Rule 15c3-4: Risk management control system		New
220747	NEW: Proposing liquidity stress test		New
211247	Reference Removal 2		Removed
211246	Creating procedures to determine creditworthiness to avoid 15% haircut		Modified
208585	Paragraph (c)(2)(i)(G)(2): Capital Withdrawal Liability		Modified
208584	Paragraph (c)(2)(iv)(B): Disclosures and Agreements		Modified
207432	Opinion of counsel to file consolidated financial reports under Appendix C		Modified
206989	Appendix G updating risk management profile for existing ANC firms		Modified
206988	Appendix G updating risk management profile for existing ANC firms		Modified
206987	Rule 15c3-1; Net Capital Requirements for Brokers and Dealers (Appendix G - notification provisions -new firms)		Removed
206986	Rule 15c3-1; Net Capital Requirements for Brokers and Dealers (Appendix G - notification provisions)		Removed
206985	Rule 15c3-1; Net Capital Requirements for Brokers and Dealers (Appendix G - annual burden of making & preserving records - new firms)		Removed
206984	Appendix G notification provision for new ANC firms		Modified
206983	Appendix G notification provision for existing ANC firms		Modified
206981	Appendix G recordkeeping for new ANC firms		Modified
206980	Appendix G recordkeeping for existing ANC firms		Modified
206979	Appendix G quarterly reports for new ANC firms		Modified
206978	Appendix G annual reports for new ANC firms		Modified
206977	Appendix G monthly reports for new ANC firms		Modified
206976	Appendix G annual reports for existing ANC firms		Modified
206975	Appendix G quarterly reports for existing ANC firms		Modified
206974	Appendix G monthly reports for existing ANC firms		Modified
190804	Reviewing and back testing models for new ANC firms		Modified
190803	Reviewing and back testing models for existing ANC firms		Modified
190802	Appendix E computations for ANC firms		Modified

ICR Details

OMB Control No: 3235-0200	ICR Reference No: 201603-3235-008
Status: Historical Inactive	Previous ICR Reference No: 201405-3235-004
Agency/Subagency: SEC	Agency Tracking No: TM-270-197
Title: Rule 15c3-1; Net Capital Requirements 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: Comment filed on proposed rule and continue	Conclusion Date: 05/10/2016
	Date Received in OIRA: 04/01/2016
Terms of Clearance: OMB files this comment in accordance with 5 CFR 1320.11( c ). This OMB action is not an approval to conduct or sponsor an information collection under the Paperwork Reduction Act of 1995. This action has no effect on any current approvals. If OMB has assigned this ICR a new OMB Control Number, the OMB Control Number will not appear in the active inventory. For future submissions of this information collection, reference the OMB Control Number provided. Pursuant to 5 CFR 1320.11(c), OMB files this comment on this information collection request (ICR). In accordance with 5 CFR 1320, OMB is withholding approval at this time. The agency shall examine public comment in response to the NPRM and will include in the supporting statement of the next ICR--to be submitted to OMB at the final rule stage--a description of how the agency has responded to any public comments on the ICR, including comments on maximizing the practical utility of the collection and minimizing the burden. This action has no effect on any current approvals.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	05/31/2017	36 Months From Approved	07/31/2017
Responses	2,117	0	2,117
Time Burden (Hours)	63,136	0	63,136
Cost Burden (Dollars)	160,000	0	160,000

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Abstract: Rule 15c3-1 was adopted in 1971 to ensure that brokers and dealers maintain sufficient liquid assets in excess of liabilities to promptly satisfy the claims of customers in the event the broker or dealer fails.

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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.
   PL: Pub.L. 111 - 203 764 Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act
  

Citations for New Statutory Requirements: US Code: 15 USC 78o Name of Law: Securities Exchange Act of 1934

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
3235-AL12	Proposed rulemaking	77 FR 70213	11/23/2012

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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: 23

IC Title	Form No.	Form Name
Opinion of counsel to file consolidated financial reports under Appendix C
Paragraph (c)(2)(iv)(B): Disclosures and Agreements
Paragraph (c)(2)(i)(G)(2): Capital Withdrawal Liability
Appendix G monthly reports for existing ANC firms
Appendix G quarterly reports for existing ANC firms
Appendix G annual reports for existing ANC firms
Appendix G monthly reports for new ANC firms
Appendix G annual reports for new ANC firms
Rule 15c3-1; Net Capital Requirements for Brokers and Dealers (Appendix G - annual burden of making & preserving records - new firms)
Rule 15c3-1; Net Capital Requirements for Brokers and Dealers (Appendix G - notification provisions -new firms)
Creating procedures to determine creditworthiness to avoid 15% haircut
NEW: Rule 15c3-4: Risk management control system
Reference Removal 2
NEW: Proposing liquidity stress test
Rule 15c3-1; Net Capital Requirements for Brokers and Dealers (Appendix G - notification provisions)
Appendix G quarterly reports for new ANC firms
Appendix G recordkeeping for existing ANC firms
Appendix G recordkeeping for new ANC firms
Appendix G notification provision for new ANC firms
NEW: 15c3-1(c)(2(vi)(O)(l)(iii): Industry sector classification
Appendix G updating risk management profile for existing ANC firms
Appendix G updating risk management profile for existing ANC firms
Appendix G notification provision for existing ANC firms
Reviewing and back testing models for new ANC firms
Appendix E computations for ANC firms
Reviewing and back testing models for existing ANC firms
Rule 15c3-1: Notices

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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 increase in the annual hour burden of 15,076 hours is attributable to the proposed amendments in the SBSD Proposing Release, described in paragraph 12 in the supporting statement. There is no change in the current cost estimate of $160,000.

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Annual Cost to Federal Government: $0

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: 04/01/2016

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