Rule 17a-5, Form X-17A-5 (FOCUS REPORT)

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
Form SEC 1696 IC2 - Rule 17a-5; Quarterly reports to be made by certain brokers and dealers	Form	Modified	Available
Form SEC 1410 IC6 - Annual audited reports	Form	Modified	Available
Form SEC 1695 IC1 - Monthly Reports	Form	Modified	Available
3235-0123 30 Day Notice.pdf	Supplementary Document	Uploaded 2020-08-07	Available
3235-0123 60 Day Notice.pdf	Supplementary Document	Uploaded 2020-08-07	Available
2020 17a-5 PRA Supporting Statement.pdf	Supporting Statement A	Uploaded 2020-05-22	Available
pia-edgar.pdf	Supplementary Document	Uploaded 2017-05-08	Available

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
42969	IC2 - Rule 17a-5; Quarterly reports to be made by certain brokers and dealers	Form	Modified
226203	IC14 - Statement Regarding Change of Independent Public Accountant		Modified
226202	IC13 - Statement Regarding Independent Public Accountant (Non-carrying/Non-clearing)		Modified
226201	IC12 - Statement Regarding Independent Public Accountant		Modified
226200	IC11 - SIPC Annual Assessment Reconciliation Form or Certification of Exclusion from Membership Form		Modified
226060	IC10 - Change in Fiscal Year End		Modified
209694	IC9 - SIPC Audited Reports		Modified
209693	IC8 - Exemption Report Requirement		Modified
209692	IC7 - Compliance Report Requirement		Modified
205674	IC6 - Annual audited reports	Form	Modified
205673	IC4 - Appendix E additional quarterly reports		Modified
205672	IC5 - Appendix E additional annual reports		Modified
205506	IC 3 - Appendix E additional monthly reports		Modified
205430	IC1 - Monthly Reports	Form	Modified

ICR Details

OMB Control No: 3235-0123	ICR Reference No: 202005-3235-021
Status: Active	Previous ICR Reference No: 201701-3235-012
Agency/Subagency: SEC	Agency Tracking No: TM-270-155
Title: Rule 17a-5, Form X-17A-5 (FOCUS REPORT)
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: 10/02/2020
	Date Received in OIRA: 08/07/2020
Terms of Clearance:

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	10/31/2023	36 Months From Approved	10/31/2020
Responses	36,515	0	36,881
Time Burden (Hours)	328,748	0	353,510
Cost Burden (Dollars)	35,287,129	0	45,131,475

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Abstract: Section 17(a)(1) of the Securities Exchange Act of 1934 ("Exchange Act") provides that broker-dealers must make and keep records, furnish copies of the records, and make and disseminate reports as the Securities and Exchange Commission ("Commission"), by rule, prescribes. Section 17(e)(1)(A) of the Exchange Act requires every broker-dealer registered with the Commission to annually file with the Commission: a balance sheet and income statement "certified by an independent public accounting firm, or by a registered public accounting firm if the firm is required to be registered under the Sarbanes-Oxley Act of 2002" and such other financial statements (which shall, as the Commission specifies, be certified) and information concerning its financial condition as the Commission, by rule, may prescribe. A registered public accounting firm means a public accounting firm registered with the Public Company Accounting Oversight Board ("PCAOB"). Section 17(e)(2) provides that the Commission, by rule, may prescribe the form and content of the financial statements and the accounting principles and standards used in their preparation.

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

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	85 FR 32434	05/29/2020
30-day Notice:	Federal Register Citation:	Citation Date:
	85 FR 48052	08/07/2020
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 14

table that charts list of burden

IC Title	Form No.	Form Name
IC12 - Statement Regarding Independent Public Accountant
IC11 - SIPC Annual Assessment Reconciliation Form or Certification of Exclusion from Membership Form
IC13 - Statement Regarding Independent Public Accountant (Non-carrying/Non-clearing)
IC14 - Statement Regarding Change of Independent Public Accountant
IC5 - Appendix E additional annual reports
IC4 - Appendix E additional quarterly reports
IC6 - Annual audited reports	SEC 1410	Focus Report Part III
IC2 - Rule 17a-5; Quarterly reports to be made by certain brokers and dealers	SEC 1696	Focus Report Part !!A
IC1 - Monthly Reports	SEC 1695	Focus Report Part II
IC 3 - Appendix E additional monthly reports
IC7 - Compliance Report Requirement
IC8 - Exemption Report Requirement
IC9 - SIPC Audited Reports
IC10 - Change in Fiscal Year End

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ICR Summary of Burden

table that charts list 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	36,515	36,881	0	0	-366	0
Annual Time Burden (Hours)	328,748	353,510	0	0	-24,762	0
Annual Cost Burden (Dollars)	35,287,129	45,131,475	0	0	-9,844,346	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: As detailed in the Supporting Statement, the changes in the estimated burden hours are due to a change in the number of respondents to most of the collections of information The net burden declined because of a decrease in the number of registered broker-dealers, which resulted in a decrease in the number of respondents for most of the collections of information.

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Annual Cost to Federal Government: $0

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? No

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Common Form ICR:  No

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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: 08/07/2020

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