Regulation SCI and Form SCI

Forms and Documents

Document	Type	Status	Availability
Form Form SCI Material systems change notice required by Rule 1003(a)(2)	Form and Instruction	New	Repair queued
Form Form SCI SCI event notice required by Rule 1002(b)(5)	Form and Instruction	New	Available
Form Form SCI SCI event notice required by Rule 1002(b)(4)	Form and Instruction	New	Available
Form Form SCI SCI event notice required by Rule 1002(b)(3)	Form and Instruction	New	Available
Form Form SCI SCI event notice required by Rule 1002(b)(2)	Form and Instruction	New	Repair queued
Form Form SCI SCI review required by Rule 1003(b)(3)	Form and Instruction	Modified	Repair queued
Form Form SCI SCI review required by Rule 1003(b)(1) and (b)(2)	Form and Instruction	Modified	Available
Form Form SCI Material systems change notice required by Rule 1003(a)(1)	Form and Instruction	Modified	Available
Form Form SCI SCI event notice required by Rule 1002(b)(1)	Form and Instruction	Modified	Available
PRA Supporting Statement - SCI - Extension 2018.pdf	Supporting Statement A	Uploaded 2018-09-26	Available

IC Document Collections

IC ID	Collection	Type	Status	Form
232088	Recordkeeping required by Rules 1005 and 1007 - ongoing burden		New
232087	Identification of critical SCI systems, major SCI events, de minimis SCI events, and material systems changes - ongoing burden		New
232086	Corrective action required by Rule 1002(a) - ongoing burden		New
232085	Access to EFFS - EAUF - existing entities		New
232079	Material systems change notice required by Rule 1003(a)(2)	Form and Instruction	New
232078	Dissemination of information required by Rule 1002(c)(2)		New
232077	Dissemination of information required by Rule 1002(c)(1)(ii)		New
232076	SCI event notice required by Rule 1002(b)(5)	Form and Instruction	New
232075	SCI event notice required by Rule 1002(b)(4)	Form and Instruction	New
232074	SCI event notice required by Rule 1002(b)(3)	Form and Instruction	New
232073	SCI event notice required by Rule 1002(b)(2)	Form and Instruction	New
232072	Mandate participation in certain testing for non-plan processors required by Rule 1004 - ongoing burden		New
232071	Policies and procedures required by Rule 1001(c) - ongoing burden		New
232068	Policies and procedures required by Rule 1001(b) -ongoing burden - SCI non-SROs		New
232067	Policies and procedures required by Rule 1001(b) - ongoing burden - SCI SROs		New
232066	Policies and procedures required by Rule 1001(a) - ongoing burden		New
216647	Access to EFFS - digital ID		Unchanged
216646	Access to EFFS - EAUF - new entities		Modified
216640	Policies and procedures required by Rule 1001(c) - initial burden		Modified
207227	Recordkeeping required by Rules 1005 and 1007 - initial burden		Modified
207226	Identification of critical SCI systems, major SCI events, de minimis SCI events, and material systems changes - initial burden		Modified
207225	Corrective action required by Rule 1002(a) - initial burden		Modified
207224	SCI review required by Rule 1003(b)(3)	Form and Instruction	Modified
207223	SCI review required by Rule 1003(b)(1) and (b)(2)	Form and Instruction	Modified
207214	Material systems change notice required by Rule 1003(a)(1)	Form and Instruction	Modified
207212	Dissemination of information required by Rule 1002(c)(1)(i)		Modified
207211	SCI event notice required by Rule 1002(b)(1)	Form and Instruction	Modified
207210	Mandate participation in certain testing for plan processors required by Rule 1004		Modified
207209	Mandate participation in certain testing for non-plan processors required by Rule 1004 - initial burden		Modified
207208	Policies and procedures required by Rule 1001(b) - initial burden		Modified
207206	Policies and procedures required by Rule 1001(a) - initial burden		Modified

ICR Details

OMB Control No: 3235-0703	ICR Reference No: 201807-3235-001
Status: Active	Previous ICR Reference No: 201503-3235-004
Agency/Subagency: SEC	Agency Tracking No: TM-270-653
Title: Regulation SCI and Form SCI
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: 02/01/2019
	Date Received in OIRA: 09/26/2018
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	02/28/2022	36 Months From Approved	02/28/2019
Responses	2,228	0	14,156
Time Burden (Hours)	113,625	0	302,019
Cost Burden (Dollars)	2,860,377	0	7,024,612

---

Abstract: Regulation SCI would update and formalize a regulatory framework for ensuring that the U.S. securities trading markets develop and maintain systems with adequate capacity, integrity, resiliency, availability, and security, and reinforce the requirement that such systems operate in compliance with relevant laws and rules.

---

Authorizing Statute(s): US Code: 15 USC 78a et seq Name of Law: Securities Exchange Act of 1934
  

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:
	83 FR 34182	07/19/2018
30-day Notice:	Federal Register Citation:	Citation Date:
	83 FR 47221	09/18/2018
Did the Agency receive public comments on this ICR? No

---

Number of Information Collection (IC) in this ICR: 31

IC Title	Form No.	Form Name
Policies and procedures required by Rule 1001(b) - ongoing burden - SCI SROs
Mandate participation in certain testing for non-plan processors required by Rule 1004 - ongoing burden
Dissemination of information required by Rule 1002(c)(1)(ii)
Policies and procedures required by Rule 1001(a) - initial burden
Policies and procedures required by Rule 1001(b) - initial burden
Mandate participation in certain testing for non-plan processors required by Rule 1004 - initial burden
Mandate participation in certain testing for plan processors required by Rule 1004
SCI event notice required by Rule 1002(b)(1)	Form SCI	Form SCI
Dissemination of information required by Rule 1002(c)(1)(i)
Material systems change notice required by Rule 1003(a)(1)	Form SCI	Form SCI
Identification of critical SCI systems, major SCI events, de minimis SCI events, and material systems changes - initial burden
Recordkeeping required by Rules 1005 and 1007 - initial burden
SCI review required by Rule 1003(b)(3)	Form SCI	Form SCI
Corrective action required by Rule 1002(a) - initial burden
SCI review required by Rule 1003(b)(1) and (b)(2)	Form SCI	Form SCI
Policies and procedures required by Rule 1001(c) - initial burden
Access to EFFS - EAUF - new entities
Access to EFFS - digital ID
Policies and procedures required by Rule 1001(b) -ongoing burden - SCI non-SROs
SCI event notice required by Rule 1002(b)(3)	Form SCI	Form SCI
SCI event notice required by Rule 1002(b)(5)	Form SCI	Form SCI
Dissemination of information required by Rule 1002(c)(2)
Access to EFFS - EAUF - existing entities
Policies and procedures required by Rule 1001(c) - ongoing burden
Corrective action required by Rule 1002(a) - ongoing burden
Identification of critical SCI systems, major SCI events, de minimis SCI events, and material systems changes - ongoing burden
Recordkeeping required by Rules 1005 and 1007 - ongoing burden
Policies and procedures required by Rule 1001(a) - ongoing burden
SCI event notice required by Rule 1002(b)(2)	Form SCI	Form SCI
SCI event notice required by Rule 1002(b)(4)	Form SCI	Form SCI
Material systems change notice required by Rule 1003(a)(2)	Form SCI	Form SCI

---

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	2,228	14,156	0	0	-11,928	0
Annual Time Burden (Hours)	113,625	302,019	0	0	-188,394	0
Annual Cost Burden (Dollars)	2,860,377	7,024,612	0	0	-4,164,235	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 estimated burdens have been adjusted to reflect that the initial paperwork burden estimates were in regard to adopting new requirements for all respondents. As all those initial respondents have incurred the initial burdens associated with Regulation SCI, the number of respondents currently estimated to incur initial burdens is substantially lower and reflects the estimated 2 new SCI entities per year. Further, estimates have been revised based on data obtained since Regulation SCI was adopted in 2014 regarding the number of SCI events and associated SCI notifications.

---

Annual Cost to Federal Government: $180,000

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: 09/26/2018

---