Emergency Memo Signed by CIO

MEMORANDUM
TO:

FROM:

Dominic Mancini
Deputy Director, Office of Information & Regulatory Affairs
Office of Management and Budget

David L. Bottom
Office of Information Technology
Securities and Exchange Commission

RE:

DAVID
BOTTOM

Digitally signed by DAVID
BOTTOM
Date: 2022.04.02 19:17:58
-04'00'

Emergency consideration of one collection of information pursuant to 44 U.S.C. 3507(j)
as implemented at 5 CFR 1320.13.

The Securities and Exchange Commission (“Commission”) is requesting emergency consideration of
one collection of information pursuant to 44 U.S.C. 3507(j) as implemented at 5 CFR 1320.13. The
title of this collection for Information is Rule 17h-1T, which requires a broker-dealer to maintain and
preserve records regarding the financial and securities activities, and other information concerning the
holding company, affiliates and subsidiaries of the broker-dealer that are reasonably likely to have a
material impact on the financial or operational condition of the broker-dealer. Rule 17h-2T requires a
broker-dealer to file with the Commission quarterly reports and a cumulative year-end report
concerning the information required to be maintained and preserved under Rule 17h-1T. In connection
with this request, the Commission has determined:

1.

The collection of information is needed prior to the time periods established under the Paperwork
Reduction Act of 1995, 44 U.S.C. 3501 et seq. (“PRA”) and applicable regulations, 5 CFR 1320.1 et
seq.

2.

The collection of information is essential to the mission of the Commission.

3.

The existing approval has already expired. Therefore the Commission cannot reasonably comply
with the normal clearance requirement of the PRA and applicable regulations because the use of
normal clearance procedures is reasonably likely to prevent or disrupt the collection of information.

4.

The Commission requests that OMB approve or disapprove the collection of information by
4/8/2022.

5.

The Commission has taken all practicable steps to consult with interested agencies and members of
the public in order to minimize the burden of the collection of information.

6.

The Commission requests that OMB waive the notice requirement set forth in 5 CFR
1320.5(a)(1)(iv).

Thank you for considering this request.

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