Rule 17a-4 requires certain records to
be maintained by certain exchange members and registered brokers
and dealers. In connection with the new Regulation Best Interest,
which was adopted in July 2019, the Commission amended Rule 17a-4
by revising paragraph (e)(5). In addition, as part of the related
rulemaking for Rule 17a-14 and Form CRS, the Commission is amended
Rule 17a-4 by adding new paragraph (e)(10) .
The burden is increasing due to
new record maintenance requirements in proposed Regulation Best
Interest and proposed Rule 17a-14 and Form CRS. In addition, the
burdens in the final rule amendments are increasing from the ones
that were submitted in 2018 for the proposed rule to (1) correct
errors in the proposed burdens and (2) make adjustments to the
number of responses and respondents and the hourly burdens per
response.
$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.