Rule 17a-11 (17 CFR 240.17a-11) Notification provisions for brokers and dealers

Forms and Documents

Document	Type	Status	Availability
2017 extension Rule 17a-11 Supporting Statement.pdf	Supporting Statement A	Uploaded 2017-07-24	Available

IC Document Collections

IC ID	Collection	Type	Status	Form
34332	Rule 17a-11 (17 CFR 240.17a-11) Notification provisions for brokers and dealers.		Modified
208441	Rule 17a-11(c)(5) - Monthly Stock Loan/Borrow Reports		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 - Notification provisions for exchanges		Modified

ICR Details

OMB Control No: 3235-0085	ICR Reference No: 201705-3235-006
Status: Historical Active	Previous ICR Reference No: 201406-3235-016
Agency/Subagency: SEC	Agency Tracking No: TM-270-094
Title: Rule 17a-11 (17 CFR 240.17a-11) Notification provisions 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: 11/20/2017
	Date Received in OIRA: 07/28/2017
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	11/30/2020	36 Months From Approved	11/30/2017
Responses	347	0	546
Time Burden (Hours)	335	0	737
Cost Burden (Dollars)	0	0	0

---

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.

---

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

---

Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

---

Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	82 FR 23895	05/24/2017
30-day Notice:	Federal Register Citation:	Citation Date:
	82 FR 35002	07/27/2017
Did the Agency receive public comments on this ICR? No

---

Number of Information Collection (IC) in this ICR: 3

IC Title	Form No.	Form Name
Rule 17a-11 - amendment 1 to (c)(5)
Rule 17a-11 - amendment 2 to (c)(5)
Rule 17a-11(c)(5) - Monthly Stock Loan/Borrow Reports
Rule 17a-11 (17 CFR 240.17a-11) Notification provisions for brokers and dealers.
Rule 17a-11 - Notification provisions for exchanges

---

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	347	546	0	0	-199	0
Annual Time Burden (Hours)	335	737	0	0	-402	0
Annual Cost Burden (Dollars)	0	0	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 reporting burden is due to a change in the number of notices filed by broker-dealers pursuant to Rule 17a-11 from 2014 to 2016. In addition, the changes in the reporting burden in this supporting statement clarify the types of respondents affected by the requirements of Rule 17a-11 – broker-dealers, and national securities exchanges and national securities associations.

---

Annual Cost to Federal Government: $4,260

Does this IC contain surveys, censuses, or employ statistical methods? No

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination.     No

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination.     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

---

Common Form ICR:  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:

(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: 07/28/2017

---