Rule 17a-25, Electronic Submission of Securities Trading Data by Exchange Members, Brokers, and Dealers.

ICR 201904-3235-005

OMB: 3235-0540

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2019-09-09
IC Document Collections
IC ID
Document
Title
Status
35354
Modified
190768
Modified
190767
Removed
ICR Details
3235-0540 201904-3235-005
Active 201512-3235-012
SEC TM-270-482
Rule 17a-25, Electronic Submission of Securities Trading Data by Exchange Members, Brokers, and Dealers.
Extension without change of a currently approved collection   No
Regular
Approved with change 09/10/2019
Retrieve Notice of Action (NOA) 05/17/2019
  Inventory as of this Action Requested Previously Approved
09/30/2022 36 Months From Approved 09/30/2019
254,205 0 60,046
34,577 0 8,116
0 0 0

Rule 17a-25 sets forth the obligations of registered broker-dealers to submit securities trading data in electronic format upon request by the Commission for enforcement and other regulatory purposes.

US Code: 15 USC 78a et. seq. Name of Law: Securities Exchange Act
  
None

Not associated with rulemaking

  84 FR 9403 03/14/2019
84 FR 22549 05/17/2019
No

2
IC Title Form No. Form Name
Rule 17a-25: Electronic Reporting
Rule 17a-25: Manual Reporting
Rule 17a-25: Contact Info

  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 254,205 60,046 0 0 194,159 0
Annual Time Burden (Hours) 34,577 8,116 0 0 26,461 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
The increases in burden reflect an increase in (1) the number of electronic EBS requests sent (13,493 versus 7,697 from the prior comparable 25-month figure reported in 2015); (2) an increase in the number of electronic responses received (528,551 versus 124,912 from the prior comparable 25-month figure reported in 2015); and (3) an increase in the number of manual responses received (500 versus 80 from the prior annual figure reported in 2015). In addition, there was a decrease in the burden hours resulting from the elimination of the previously reported 2-hour burden (8 broker-dealers x 15 minutes per year) to supply and update contact information in response to a Commission request. The Commission now uses the BSS system operated by FINRA to manage its EBS requests. Because FINRA already collects firm contact information, the Commission has reduced the potential for duplication and no longer needs to request this information. Therefore, we have removed this information collection. Accounting for all of these changes, the annual aggregate hour reporting burden has increased from 8,116 in 2015 to 34,577 currently. This increase reflects additional regulatory and enforcement inquiries and investigations using the EBS system, as well as the increased complexity of some of the trading activity involved in those inquiries that are contained in a higher number of multiple responses to a single request.

$1,136,640
No
    No
    Yes
No
No
No
Uncollected
Richard Holley 202 551-5614 [email protected]

  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.
05/17/2019


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