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
05/31/2017
36 Months From Approved
08/31/2017
41,543
0
41,543
385,140
0
385,140
57,051,000
0
57,051,000
Section 17(a)(1) of the Securities
Exchange Act of 1934 ("Exchange Act") provides that broker-dealers
must make and keep records, furnish copies of the records, and make
and disseminate reports as the Securities and Exchange Commission
("Commission"), by rule, prescribes. Section 17(e)(1)(A) of the
Exchange Act requires every broker-dealer registered with the
Commission to annually file with the Commission: a balance sheet
and income statement "certified by an independent public accounting
firm, or by a registered public accounting firm if the firm is
required to be registered under the Sarbanes-Oxley Act of 2002" and
such other financial statements (which shall, as the Commission
specifies, be certified) and information concerning its financial
condition as the Commission, by rule, may prescribe. A registered
public accounting firm means a public accounting firm registered
with the Public Company Accounting Oversight Board ("PCAOB").
Section 17(e)(2) provides that the Commission, by rule, may
prescribe the form and content of the financial statements and the
accounting principles and standards used in their
preparation.
US Code:
15
USC 78q Name of Law: Securities Exchange Act of 1934
PL:
Pub.L. 111 - 203 764 Name of Law: Dodd-Frank Wall Street Reform
and Consumer Protection Act
PL: Pub.L. 111 - 203 764 Name of Law:
Dodd-Frank Wall Street Reform and Consumer Protection Act
The annual ongoing hour burden
of 393,572 hours reflects a 8,432 hour increase from the current
OMB inventory of 385,140 hours. This change incorporates a decrease
in the number of respondents, and an increase in the number of
hours attributable to the proposed amendments to Rule 17a-5
described in the SBS Recordkeeping Release. The annual cost burden
of $43,476,000 is $13,575,000 lower than the current OMB inventory
of $57,051,000. This decreased cost estimate reflects a decrease in
the number of carrying broker-dealers, from 292 to 203 carrying
broker-dealers, and a decrease in the number of non-carrying
broker-dealers from 4,417 to 4,342.
$0
No
No
No
Yes
No
Uncollected
Valentina Deng 202
551-5778
No
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:
(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;
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.
Form Focus Report - Par Rule 17a-5: FOCUS Reports - Quarterly Reports
Rule 17a-5 Supporting Statement - Final - 6-30-16.docx
Rule 17a-5: FOCUS Reports - Quarterly Reports