Rule 17a-3 requires certain records to
be made by certain exchange members and registered brokers and
dealers. The rule serves to standardize prudent business practices.
Among other things, these records are essential for regulatory
purposes including examinations, investigations, and enforcement
proceedings, which are significant customer protection safeguards.
In connection with proposed new Rule 17a-14 and Form CRS, and
proposed Regulation Best Interest, the Commission is proposing to
amend Rule 17a-3 by adding new paragraphs (a)(24) and (a)(25). To
aggregate the entire burden of Rule 17a-3 into one information
collection (and existing OMB control number), the Commission is
adding the annual burden hours for new paragraphs (a)(24) and
(a)(25) of Rule 17a-3 into this information collection.
The estimated burden is
increasing due to the burdens in proposed Rules 17a-3(24) and (25),
which were proposed in connection with proposed Rule 17a-14, Form
CRS, and Regulation Best Interest.
$0
No
No
No
No
No
No
Uncollected
Geeta Dhingra 202
551-6177
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.