The burden increased largely
because of the adoption of Regulation Best Interest and Rule
17a-14, which added the new requirements in Rule 17a-4(e)(5) and
Rule 17a-4(e)(10), adding 9,021,740 burden hours. The number of
registered broker-dealers has declined from 4,104 to 3,764,
reducing the overall burden for all broker-dealers as a result.
Additionally, the estimated number of internal broker-dealer
systems has increased from 150 to 200, which has increased the
burden hours associated with internal broker-dealer systems.
$0
No
No
No
No
No
No
Uncollected
Abraham Jacob 202
551-5583
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.