Rule 15c3-3; Customer Protection - Reserves and Custody of Securities (17 CFR 240.15c3-3)

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
3235-0078 Supporting Statement - 2023 Daily Comp Proposing Release.pdf	Supporting Statement A	Uploaded 2023-12-06	Repair queued

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
263666	Rule 15c3-3(e)(B)(1) notification		New
241783	Rule 15c3-3(p)(4)(ii) - Subordination Agreements (One-Time)		Modified
241782	Rule 15c3-3(p)(4)(i) - Counterparty Notice (One-Time)		Modified
241781	Rule 15c3-3(p)(4)(ii) - Subordination Agreements		Modified
241780	Rule 15c3-3(p)(4)(ii) - Subordination Agreements		Modified
241779	Rule 15c3-3(p)(4)(ii) - Subordination Agreements		Modified
241778	Rule 15c3-3(p)(4)(i) - Counterparty Notice (Ongoing)		Modified
241777	Rule 15c3-3(p)(4)(i) - Counterparty Notice (One-Time)		Modified
241776	Rule 15c3-3(p)(3)(iii) - Customer Reserve Computation		Modified
241775	Rule 15c3-3(p)(1) Special Accounts (Ongoing)		Modified
241774	Rule 15c3-3(p)(1) Special Accounts (One-Time)		Modified
226411	Rule 15c3-3(e) - daily		Modified
226410	Rule 15c3-3(e) - monthly		Unchanged
226409	Rule 15c3-3(e) - weekly computations		Modified
226408	Rule 15c3-3(e) - updates		Removed
226407	Rule 15c3-3(e)(3) - monthly		Unchanged
226406	Rule 15c3-3(e)(3) - weekly		Modified
226405	Rule 15c3-3(e)(3) - daily computations		Modified
226404	Rules 15c3-3(o)(2)		Unchanged
211253	Reference Removal - Note G (initial)		Unchanged
211252	Reference Removal - Note G (annual)		Unchanged
208490	Rule 15c3-3(j)(2) - initial		Unchanged
208489	Rule 15c3-3(j)(2) - annual		Unchanged
208487	Rule 15c3-3(j)(1) - annual		Unchanged
208483	Rule 15c3-3 - amend/update PAB agreement		Unchanged
208482	Rule 15c3-3(b)(5) - notices to affected customers		Unchanged
208481	Rule 15c3-3(b)(5) - draft/update notice		Unchanged
208480	Rule 15c3-3(a)(16)		Unchanged
208479	Rule 15c3-3(o)(3)		Unchanged
208478	Rule 15c3-3(f) - notice		Unchanged
208477	Rule 15c3-3(f) - obtain new letter		Unchanged

ICR Details

OMB Control No: 3235-0078	ICR Reference No: 202311-3235-032
Status: Received in OIRA	Previous ICR Reference No: 202306-3235-015
Agency/Subagency: SEC	Agency Tracking No: TM-270-173
Title: Rule 15c3-3; Customer Protection - Reserves and Custody of Securities (17 CFR 240.15c3-3)
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular	Date Submitted to OIRA: 12/06/2023

table that charts list comparision

	Requested	Previously Approved
Expiration Date	36 Months From Approved	10/31/2026
Responses	16,614,983	16,596,965
Time Burden (Hours)	1,174,051	1,129,005
Cost Burden (Dollars)	3,530,101	3,530,101

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Abstract: Rule 15c3-3 provides for the protection of customer funds and securities in the custody of a broker-dealer. The Rule sets forth standards for (i) a broker-dealer's acceptance, custody, and use of customer securities, and (ii) the maintenance of reserves with respect to customer deposits and monies obtained from the use of customer securities. Rule 15c3-3 also contains requirements for broker-dealers that hold security futures products for customers. The Commission is proposing to revise the collection of information in connection with a recent proposed rulemaking to amend the reserve computation requirements for certain broker-dealers pursuant to its authority under Section 15(c)(3)(A) of the Exchange Act.

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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

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
3235-AN28	Proposed rulemaking	88 FR 45836	07/18/2023

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Federal Register Notices & Comments

Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 30

table that charts list of burden

IC Title	Form No.	Form Name
Rule 15c3-3(p)(4)(ii) - Subordination Agreements (One-Time)
Reference Removal - Note G (annual)
Reference Removal - Note G (initial)
Rule 15c3-3 - amend/update PAB agreement
Rule 15c3-3(a)(16)
Rule 15c3-3(b)(5) - draft/update notice
Rule 15c3-3(b)(5) - notices to affected customers
Rule 15c3-3(e) - daily
Rule 15c3-3(e) - monthly
Rule 15c3-3(e) - updates
Rule 15c3-3(e) - weekly computations
Rule 15c3-3(e)(3) - daily computations
Rule 15c3-3(e)(3) - monthly
Rule 15c3-3(e)(3) - weekly
Rule 15c3-3(e)(B)(1) notification
Rule 15c3-3(f) - notice
Rule 15c3-3(f) - obtain new letter
Rule 15c3-3(j)(1) - annual
Rule 15c3-3(j)(2) - annual
Rule 15c3-3(j)(2) - initial
Rule 15c3-3(o)(3)
Rule 15c3-3(p)(1) Special Accounts (One-Time)
Rule 15c3-3(p)(1) Special Accounts (Ongoing)
Rule 15c3-3(p)(3)(iii) - Customer Reserve Computation
Rule 15c3-3(p)(4)(i) - Counterparty Notice (One-Time)
Rule 15c3-3(p)(4)(i) - Counterparty Notice (One-Time)
Rule 15c3-3(p)(4)(i) - Counterparty Notice (Ongoing)
Rule 15c3-3(p)(4)(ii) - Subordination Agreements
Rule 15c3-3(p)(4)(ii) - Subordination Agreements
Rule 15c3-3(p)(4)(ii) - Subordination Agreements
Rules 15c3-3(o)(2)

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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	16,614,983	16,596,965	0	18,018	0	0
Annual Time Burden (Hours)	1,174,051	1,129,005	0	45,046	0	0
Annual Cost Burden (Dollars)	3,530,101	3,530,101	0	0	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: Yes

Burden Reduction Due to: Changing Regulations

Short Statement: The Commission has proposed rule amendments that would change the burdens for certain information collections in this ICR. The proposed changes are discussed in more detail in the attached Supporting Statement.

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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: 12/06/2023

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