Rule 15c2-1; Hypothecation of Customer Securities

ICR 202012-3235-004

OMB: 3235-0485

Federal Form Document

Forms and Documents
Document
Name
Status
Supplementary Document
2021-03-08
Supplementary Document
2021-03-08
Supporting Statement A
2020-12-10
IC Document Collections
IC ID
Document
Title
Status
35226
Modified
ICR Details
3235-0485 202012-3235-004
Received in OIRA 201710-3235-009
SEC TM-270-418
Rule 15c2-1; Hypothecation of Customer Securities
Extension without change of a currently approved collection   No
Regular 03/08/2021
  Requested Previously Approved
36 Months From Approved 05/31/2021
2,160 3,555
1,080 1,777
0 0

Rule 15c2-1 prohibits the commingling under the same lien of securities of margin customers (a) with other customers without their written consent and (b) with the broker or dealer. The rule also prohibits the rehypothecation of customer margin securities for a sum in excess of the customers' aggregate indebtedness.

US Code: 15 USC 78o(c)(3), 78w(a) Name of Law: Sections 15(c)(3) and 23(a) of the Securities Exchange Act of 1934
  
None

Not associated with rulemaking

  85 FR 84092 12/23/2020
86 FR 13432 03/08/2021
No

1
IC Title Form No. Form Name
Rule 15c2-1; Hypothecation of Customer Securities.

  Total Request 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 2,160 3,555 0 0 -1,395 0
Annual Time Burden (Hours) 1,080 1,777 0 0 -697 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
The change in burden is due to a decrease in the estimated number of respondents.

$0
No
    No
    No
No
No
No
No
Timothy Fox 202 551-5687

  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.
03/08/2021


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