Rule 17a-4; Records to be Preserved by Certain Exchange Members, Brokers and Dealers

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
3235-0279 Supporting Statement (Rule 17a-4-- Partial Revision 2021).pdf	Supporting Statement A	Uploaded 2021-09-23	Missing upstream

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
34755	Rule 17a-4; Records to be Preserved by Certain Exchange Members, Brokers and Dealers		Unchanged
253918	PROPOSED: 17a-4(f) - Backup Systems for Small BDs (Annual)		New
253917	PROPOSED: 17a-4(f) - Backup Systems for Small BDs (Initial Annualized)		New
253916	PROPOSED: 17a-4(f) - Backup Systems for Large BDs (Initial Annualized)		New
253915	PROPOSED: 17a-4(f) - Backup Systems for Large BDs (Annual)		New
253914	PROPOSED: 17a-4(f) - Audit Trail Alternative to WORM for Small Broker-Dealers (Initial Annualized)		New
253913	PROPOSED: 17a-4(f) - Audit Trail Alternative to WORM for Small Broker-Dealers (Annual)		New
253912	PROPOSED: 17a-4(f) Audit trail alternative to WORM for Large Broker-Dealers (Initial Annualized)		New
253911	PROPOSED: 17a-4(f) Audit trail alternative to WORM for Large Broker-Dealers (Annual)		New
253910	PROPOSED: Senior Officer Undertaking		New
248621	Broker-Dealer SBSDs Only: Amendments to paragraph (b)(1)		Modified
248620	Broker-Dealer SBSDs and Broker-Dealer MSBSPs: Amendments to paragraph (b)(1) and new paragraphs (b)(15) and (b)(16)		Modified
248618	Security-Based Swap Ativities: Amendments to paragraphs (b)(1), (b)(8)(v)-(viii) and new paragraphs (b)(8)(xvi) and (b)(14)		Modified
248617	Telephonic Communications: Amendment to paragraph (b)(4)		Modified
231799	Rule 17a-4(e)(10), Maintenance of Records in Connection with Rule 17a-14 and Form CRS		Unchanged
231798	Rule 17a-4(e)(5), Ongoing Recordkeeping in Connection with Regulation Best Interest		Unchanged
231797	Rule 17a-4(e)(5), New or Modified Documents Being Added to a Record Retention System in Connection with Regulation BI		Unchanged
209189	Rule 17a-4(b)(11) Record preservation requirements		Unchanged

ICR Details

OMB Control No: 3235-0279	ICR Reference No: 202205-3235-049
Status: Received in OIRA	Previous ICR Reference No: 202107-3235-021
Agency/Subagency: SEC	Agency Tracking No: TM-270-198
Title: Rule 17a-4; Records to be Preserved by Certain Exchange Members, Brokers and Dealers
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular	Date Submitted to OIRA: 06/29/2022

table that charts list comparision

	Requested	Previously Approved
Expiration Date	12/31/2022	12/31/2022
Responses	1,084,647,707	1,084,643,934
Time Burden (Hours)	9,985,158	9,981,785
Cost Burden (Dollars)	34,757,920	18,891,320

---

Abstract: Rule 17a-4 requires certain records to be maintained by certain exchange members and registered brokers and dealers. Partial Revision-- In November 2021, the Commission proposed amendments to the electronic recordkeeping requirements of broker-dealers in Rule 17a-4. This proposed revision addresses only the collections of information that are proposed to be revised or added as a result of the rule amendments proposed in November 2021 regarding the electronic recordkeeping requirements of broker-dealers.

---

Authorizing Statute(s): US Code: 15 USC 78b, 78c, 78o, 78o-4, 78q, 78w Name of Law: Sections 2, 3, 15, 15B, 17 and 23 of the Securities Exchange Act of 1934
  

Citations for New Statutory Requirements: None

---

Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
3235-AM76	Proposed rulemaking	86 FR 68300	12/01/2021

---

Federal Register Notices & Comments

Did the Agency receive public comments on this ICR? No

---

Number of Information Collection (IC) in this ICR: 18

table that charts list of burden

IC Title	Form No.	Form Name
Broker-Dealer SBSDs Only: Amendments to paragraph (b)(1)
Broker-Dealer SBSDs and Broker-Dealer MSBSPs: Amendments to paragraph (b)(1) and new paragraphs (b)(15) and (b)(16)
PROPOSED: 17a-4(f) - Audit Trail Alternative to WORM for Small Broker-Dealers (Annual)
PROPOSED: 17a-4(f) - Audit Trail Alternative to WORM for Small Broker-Dealers (Initial Annualized)
PROPOSED: 17a-4(f) - Backup Systems for Large BDs (Annual)
PROPOSED: 17a-4(f) - Backup Systems for Large BDs (Initial Annualized)
PROPOSED: 17a-4(f) - Backup Systems for Small BDs (Annual)
PROPOSED: 17a-4(f) - Backup Systems for Small BDs (Initial Annualized)
PROPOSED: 17a-4(f) Audit trail alternative to WORM for Large Broker-Dealers (Annual)
PROPOSED: 17a-4(f) Audit trail alternative to WORM for Large Broker-Dealers (Initial Annualized)
PROPOSED: Senior Officer Undertaking
Rule 17a-4(b)(11) Record preservation requirements
Rule 17a-4(e)(10), Maintenance of Records in Connection with Rule 17a-14 and Form CRS
Rule 17a-4(e)(5), New or Modified Documents Being Added to a Record Retention System in Connection with Regulation BI
Rule 17a-4(e)(5), Ongoing Recordkeeping in Connection with Regulation Best Interest
Rule 17a-4; Records to be Preserved by Certain Exchange Members, Brokers and Dealers
Security-Based Swap Ativities: Amendments to paragraphs (b)(1), (b)(8)(v)-(viii) and new paragraphs (b)(8)(xvi) and (b)(14)
Telephonic Communications: Amendment to paragraph (b)(4)

---

ICR Summary of Burden

table that charts list of burden

	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	1,084,647,707	1,084,643,934	0	3,773	0	0
Annual Time Burden (Hours)	9,985,158	9,981,785	0	3,373	0	0
Annual Cost Burden (Dollars)	34,757,920	18,891,320	0	15,866,600	0	0

Burden increases because of Program Change due to Agency Discretion: Yes

Burden Increase Due to: Changing Regulations

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: The proposed amendments to the rule would result in new information collections related to electronic recordkeeping and would increase the burdens in this ICR.

---

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]? Yes

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? No

---

Common Form ICR:  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:

(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: 06/29/2022

---