Rules 15Ba1-1 to 15Ba1-8 - Registration of Municipal Advisors and Forms MA, MA-I, MA-W, and MA-NR

Forms and Documents

Document Name	Status
Form SEC 2900 Form MA-NR: Designation of U.S. Agent for Service of Process for Non-Residents Form	Modified
Form SEC 2901 Form MA-W: Notice of Withdrawal from Registration as a Municipal Advisor Form	Modified
Form SEC 2899 Form MA-I: Application for Municipal Advisor Registration for Natural Persons Form	Modified
Form SEC 2898 Form MA: Application for Municipal Advisor Registration Form	Modified
Rules 15Ba1-1 to 15Ba1-8 PRA - Supporting Statement [FINAL v2].pdf Supporting Statement A	2017-02-22
EDGAR PIA_Redacted.pdf Supplementary Document	2014-02-04

IC Document Collections

IC ID	Document Title	Status
225626	Form MA- Application for Municipal Advisor Registration- Costs	New
210288	Rule 15Ba1-1(m)(3): Exception to Definition of Proceeds of Municipal Securities	Modified
210287	Rule 15Ba1-1(h)(2): Exception to Definition of Municipal Escrow Investments	Modified
210286	Rule 15Ba1-1(d)(3)(vi): Exemption When a Municipal Entity or Obligated Person is Represented by an Independent Registered Municipal Advisor	Modified
210285	Consent to Service of Process from Certain Associated Persons	Modified
196939	Rule 15Ba1-8: Books and Records to be Made and Maintained by Municipal Advisors	Modified
196938	Form MA-NR: Designation of U.S. Agent for Service of Process for Non-Residents Form	Modified
196937	Form MA-W: Notice of Withdrawal from Registration as a Municipal Advisor Form	Modified
196935	Form MA-I: Application for Municipal Advisor Registration for Natural Persons Form	Modified
196934	Form MA: Application for Municipal Advisor Registration Form	Modified

ICR Details

OMB Control No: 3235-0681	ICR Reference No: 201606-3235-014
Status: Historical Active	Previous ICR Reference No: 201402-3235-004
Agency/Subagency: SEC	Agency Tracking No: TM-270-638
Title: Rules 15Ba1-1 to 15Ba1-8 - Registration of Municipal Advisors and Forms MA, MA-I, MA-W, and MA-NR
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 06/29/2017
	Date Received in OIRA: 02/22/2017
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	06/30/2020	36 Months From Approved	06/30/2017
Responses	5,270	0	6,062
Time Burden (Hours)	165,481	0	198,660
Cost Burden (Dollars)	31,200	0	149,200

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Abstract: Rules 15Ba1-1 through 15Ba1-8, Rule 15Bc4-1, and Forms MA, MA-I, MA-W, and MA-NR under the Securities Exchange Act of 1934. These rules and forms are designed to establish a permanent registration regime with the Commission for municipal advisors and would impose certain record-keeping requirements on those advisors.

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Authorizing Statute(s): US Code: 15 USC 78o-4 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:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	81 FR 91990	12/09/2016
30-day Notice:	Federal Register Citation:	Citation Date:
	82 FR 10613	02/14/2017
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 10

IC Title	Form No.	Form Name
Form MA: Application for Municipal Advisor Registration	SEC 2898	Form MA
Consent to Service of Process from Certain Associated Persons
Rule 15Ba1-1(d)(3)(vi): Exemption When a Municipal Entity or Obligated Person is Represented by an Independent Registered Municipal Advisor
Rule 15Ba1-1(h)(2): Exception to Definition of Municipal Escrow Investments
Rule 15Ba1-1(m)(3): Exception to Definition of Proceeds of Municipal Securities
Form MA- Application for Municipal Advisor Registration- Costs
Form MA-I: Application for Municipal Advisor Registration for Natural Persons	SEC 2899	Form MA-I
Form MA-W: Notice of Withdrawal from Registration as a Municipal Advisor	SEC 2901	Form MA-W
Form MA-NR: Designation of U.S. Agent for Service of Process for Non-Residents	SEC 2900	Form MA-NR
Rule 15Ba1-8: Books and Records to be Made and Maintained by Municipal Advisors

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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	5,270	6,062	0	0	-792	0
Annual Time Burden (Hours)	165,481	198,660	0	0	-33,179	0
Annual Cost Burden (Dollars)	31,200	149,200	0	0	-118,000	0

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 decrease of 33,164 annual burden hours and the decrease of ($115,600) in cost burden is due to an adjustment in the number of respondents and a reduction in the one-time initial filing burden.

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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: 02/22/2017

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