Exchange Act Rule 17a-11: Notification Provisions for Brokers and Dealers (17 CFR 240.17a-11)

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
Supporting Statement 17a-11 Proposal - Final.pdf	Supporting Statement A	Uploaded 2016-08-23	Available

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
34332	Rule 17a-11(b)–(f) – Notification Provisions for Broker and Dealers		Modified
223069	Rule 17a-11(g) – Notices Filed by Exchanges and National Securities Associations		New
223068	Rule 17a-11(f) – Notice of Failure to Deposit in Rule 18a-4 Account		New
223067	Rule 17a-11(e) – Notice of Insufficient Liquidity Reserve		New
208441	Rule 17a-11(c)(5) – Monthly Stock Loan/Borrow Notice		Modified
208440	Rule 17a-11 - amendment 2 to (c)(5)		Removed
208439	Rule 17a-11 - amendment 1 to (c)(5)		Removed
208438	Rule 17a-11 - amendment to (b)(1)		Removed

ICR Details

OMB Control No: 3235-0085	ICR Reference No: 201608-3235-004
Status: Historical Inactive	Previous ICR Reference No: 201406-3235-016
Agency/Subagency: SEC	Agency Tracking No: TM-270-094
Title: Exchange Act Rule 17a-11: Notification Provisions for Brokers and Dealers (17 CFR 240.17a-11)
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: 10/28/2016
	Date Received in OIRA: 08/23/2016
Terms of Clearance: Pending comments on proposed rule; revisit for final rule.

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	07/31/2017	36 Months From Approved	11/30/2017
Responses	546	0	546
Time Burden (Hours)	737	0	737
Cost Burden (Dollars)	0	0	0

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Abstract: Rule 17a-11 was adopted in 1971 to provide advance warning and information regarding brokers and dealers that are experiencing financial or operational difficulties.

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Authorizing Statute(s): US Code: 15 USC 78q(a) Name of Law: Securities Exchange Act
   US Code: 15 USC 78w(a) Name of Law: Securities Exchange Act
   US Code: 15 USC 78o(c)(3) Name of Law: Securities Exchange Act
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
3235-AL45	Proposed rulemaking	79 FR 25193	05/02/2014

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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: 5

table that charts list of burden

IC Title	Form No.	Form Name
Rule 17a-11(e) – Notice of Insufficient Liquidity Reserve
Rule 17a-11(c)(5) – Monthly Stock Loan/Borrow Notice
Rule 17a-11(b)–(f) – Notification Provisions for Broker and Dealers
Rule 17a-11 - amendment 1 to (c)(5)
Rule 17a-11 - amendment to (b)(1)
Rule 17a-11 - amendment 2 to (c)(5)
Rule 17a-11(f) – Notice of Failure to Deposit in Rule 18a-4 Account
Rule 17a-11(g) – Notices Filed by Exchanges and National Securities Associations

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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: The annual ongoing hour burden of 880 hours reflects a143 hour increase from the current OMB inventory of 737 hours. This change reflects an additional 111 hours due to the proposed amendments to Rule 17a-11 described in the SBS Recordkeeping Release and an increase of 32 hours in the number of notices received by the Commission under the currently existing rule (from 465 notices to 497 notices).

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Annual Cost to Federal Government:

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: 08/23/2016

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