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

Forms and Documents

Document	Type	Status	Availability
Rule 15c3-1 Supporting Statement.pdf	Supporting Statement A	Uploaded 2017-05-26	Available

IC Document Collections

IC ID	Collection	Type	Status	Form
42976	Rule 15c3-1; Notices		Modified
211247	Reference Removal 2		Removed
211246	Reference Removal 1		Removed
208585	Rule 15c3-1 -- Reviewing procedures to determine creditworthiness to avoid 15% haircut		Modified
208584	Rule 15c3-1 -- Creating procedures to determine creditworthiness to avoid 15% haircut		Modified
207432	Rule 15c3-1; Opinion of counsel to file consolidated financial reports under Appendix C		Modified
206989	Rule 15c3-1; Appendix G updating risk management profile for new ANC firms		Modified
206988	Rule 15c3-1; Appendix G updating risk management profile for existing ANC firms		Modified
206987	Rule 15c3-1; Appendix G notification provision for new ANC firms		Modified
206986	Rule 15c3-1; Appendix G notification provision for existing ANC firms		Modified
206985	Rule 15c3-1; Appendix G recordkeeping for new ANY firms (ongoing)		Modified
206984	Rule 15c3-1; Appendix G recordkeeping for existing ANC firms		Modified
206983	Rule 15c3-1; Appendix G recordkeeping for new ANC firms (initial)		Modified
206981	Rule 15c3-1; Appendix G annual reports for new ANC firms		Modified
206980	Rule 15c3-1; Appendix G quarterly reports for new ANC firms		Modified
206979	Rule 15c3-1; Appendix G monthly reports for new ANC firms		Modified
206978	Rule 15c3-1; Appendix G annual reports for existing ANC firms		Modified
206977	Rule 15c3-1; Appendix G quarterly reports for existing ANC firms		Modified
206976	Rule 15c3-1; Appendix G monthly reports for existing ANC firms		Modified
206975	Rule 15c3-1; Reviewing and back testing models for new ANC firms		Modified
206974	Rule 15c3-1; Reviewing and back testing models for existing ANC firms		Modified
190804	Rule 15c3-1; Appendix E computations for ANC firms		Modified
190803	Rule 15c3-1; Paragraph (c)(2)(i)(G)(2): Capital Withdrawal Liability		Modified
190802	Rule 15c3-1; Paragraph (c)(2)(iv)(B): Disclosures and Agreements		Modified

ICR Details

OMB Control No: 3235-0200	ICR Reference No: 201703-3235-004
Status: Historical Active	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: 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: 07/31/2017
	Date Received in OIRA: 05/26/2017
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	07/31/2020	36 Months From Approved	07/31/2017
Responses	1,940	0	2,117
Time Burden (Hours)	65,916	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.
  

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:
	82 FR 14071	03/16/2017
30-day Notice:	Federal Register Citation:	Citation Date:
	82 FR 23884	05/24/2017
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 22

IC Title	Form No.	Form Name
Rule 15c3-1; Appendix G monthly reports for new ANC firms
Rule 15c3-1; Appendix G quarterly reports for new ANC firms
Rule 15c3-1; Appendix G annual reports for new ANC firms
Rule 15c3-1; Appendix G recordkeeping for existing ANC firms
Rule 15c3-1; Appendix G recordkeeping for new ANY firms (ongoing)
Rule 15c3-1; Appendix G notification provision for existing ANC firms
Rule 15c3-1; Appendix G notification provision for new ANC firms
Rule 15c3-1; Appendix G updating risk management profile for existing ANC firms
Rule 15c3-1; Appendix G recordkeeping for new ANC firms (initial)
Rule 15c3-1; Appendix E computations for ANC firms
Rule 15c3-1; Paragraph (c)(2)(iv)(B): Disclosures and Agreements
Rule 15c3-1; Paragraph (c)(2)(i)(G)(2): Capital Withdrawal Liability
Rule 15c3-1; Notices
Rule 15c3-1; Opinion of counsel to file consolidated financial reports under Appendix C
Rule 15c3-1 -- Creating procedures to determine creditworthiness to avoid 15% haircut
Rule 15c3-1 -- Reviewing procedures to determine creditworthiness to avoid 15% haircut
Rule 15c3-1; Reviewing and back testing models for existing ANC firms
Rule 15c3-1; Reviewing and back testing models for new ANC firms
Rule 15c3-1; Appendix G monthly reports for existing ANC firms
Rule 15c3-1; Appendix G quarterly reports for existing ANC firms
Rule 15c3-1; Appendix G annual reports for existing ANC firms
Rule 15c3-1; Appendix G updating risk management profile for new ANC firms
Reference Removal 2
Reference Removal 1

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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	1,940	2,117	0	0	-177	0
Annual Time Burden (Hours)	65,916	63,136	0	0	2,780	0
Annual Cost Burden (Dollars)	160,000	160,000	0	0	0	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 change in the recordkeeping and reporting burden is mostly due to the changes in the estimated number of ANC broker-dealers subject to Rule 15c3-1 and the estimated number of broker-dealers expected to apply to be ANC broker-dealers over the next three years. Additionally, the number of broker-dealers reporting holding proprietary debt positions has decreased.

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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: 05/26/2017

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