Exchange Act Rule 18a-5

ICR 202104-3235-001

OMB: 3235-0745

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2021-04-15
ICR Details
3235-0745 202104-3235-001
Received in OIRA 201910-3235-012
SEC TM-270-667
Exchange Act Rule 18a-5
New collection (Request for a new OMB Control Number)   No
Regular 05/05/2021
  Requested Previously Approved
36 Months From Approved
66 0
14,979 0
49,833 0

Exchange Act Rule 18a-5, as adopted, establishes recordkeeping requirements applicable to stand-alone SBSDs, stand-alone MSBSPs, bank SBSDs, and bank MSBSPs. Rule 18a-5 is modeled on Exchange Act Rule 17a-3, which applies to broker-dealers, but it does not include a parallel requirement for every requirement in Rule 17a-3 because some of the requirements in Rule 17a-3 relate to activities that are not expected or permitted of SBSDs and MSBSPs.

PL: Pub.L. 111 - 203 764 Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010
   US Code: 15 USC 78o-10(f)(2) Name of Law: Securities Exchange Act of 1934
  
PL: Pub.L. 111 - 203 764 Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010

3235-AL45 Final or interim final rulemaking 84 FR 68550 12/16/2019

No

  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 66 0 78 -12 0 0
Annual Time Burden (Hours) 14,979 0 16,689 -1,710 0 0
Annual Cost Burden (Dollars) 49,833 0 64,783 -14,950 0 0
No
Yes
Changing Regulations
The Commission estimates that the burdens and costs have decreased as a result of a decrease in the number of respondents. This decrease is a result of amendments to related Rule 18a-10 and is discussed more in Item 15 of the Supporting Statement.

No
    Yes
    No
No
Yes
No
No
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.
05/05/2021


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