Federal Register 30-Day Notice

Federal Register / Vol. 90, No. 220 / Tuesday, November 18, 2025 / Notices
and that such documents be available
for examination by the Commission.
There are 38 entities required to
comply with the rule: 28 national
securities exchanges, 1 national
securities association, 8 registered
clearing agencies, and the Municipal
Securities Rulemaking Board. The
Commission staff estimates that the
average number of hours necessary for
compliance with the requirements of
Rule 17a–1 by each entity is 52 hours
per year. In addition, 3 national
securities exchanges notice-registered
pursuant to Section 6(g) of the Act (15
U.S.C. 78f(g)) are required to preserve
records of determinations made under
Rule 3a55–1 under the Act (17 CFR
240.3a55–1), which the Commission
staff estimates will take 1 hour per
exchange per year, for a total of 3 hours
per year. Accordingly, the Commission
staff estimates that the total number of
hours necessary to comply with the
requirements of Rule 17a–1 is 1,979
hours per year.
The collection of information is
mandatory and is kept confidential as
permitted by the Freedom of
Information Act (5 U.S.C. 552 et seq).
An agency may not conduct or
sponsor, and a person is not required to
respond to, a collection of information
unless it displays a currently valid OMB
Control Number.
The public may view and comment
on this information collection request
at: https://www.reginfo.gov/public/do/
PRAViewICR?ref_nbr=202507-3235-021
or email comment to
MBX.OMB.OIRA.SEC_desk_officer@
omb.eop.gov within 30 days of the day
after publication of this notice, by
December 19, 2025.
Dated: November 14, 2025.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2025–20182 Filed 11–17–25; 8:45 am]
BILLING CODE 8011–01–P

SECURITIES AND EXCHANGE
COMMISSION
[OMB Control No. 3235–0033]

lotter on DSK11XQN23PROD with NOTICES1

Agency Information Collection
Activities; Submission for OMB
Review; Comment Request; Extension:
Rule 17a–3
Upon Written Request, Copies Available
From: Securities and Exchange
Commission, Office of FOIA Services,
100 F Street NE, Washington, DC
20549–2736
Notice is hereby given that, pursuant
to the Paperwork Reduction Act of 1995
(44 U.S.C. 3501 et seq.), the Securities

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and Exchange Commission (SEC or
‘‘Commission’’) is submitting to the
Office of Management and Budget
(‘‘OMB’’) this request for an extension of
the proposed collection of information
in Rule 17a–3.
Rule 17a–3, 17 CFR 240.17a–3, under
the Securities Exchange Act of 1934
establishes minimum standards with
respect to business records that brokerdealers registered with the Commission
must make and keep current. These
records are maintained by the brokerdealer (in accordance with a separate
rule), so they can be used by the brokerdealer and reviewed by Commission
examiners, as well as other regulatory
authority examiners, during inspections
of the broker-dealer.
The collections of information
included in Rule 17a–3 are necessary to
enable the Commission, self-regulatory
organization (‘‘SRO’’), and state
examiners to conduct effective and
efficient examinations to determine
whether broker-dealers are complying
with relevant laws, rules, and
regulations. If broker-dealers were not
required to create these baseline,
standardized records, Commission,
SRO, and state examiners could be
unable to determine whether brokerdealers are in compliance with the
Commission’s antifraud and antimanipulation rules, financial
responsibility program, and other
Commission, SRO, and State laws, rules,
and regulations.
The collection of information is
mandatory and is confidential subject to
the provisions of the Freedom of
Information Act (5 U.S.C. 552).
As of December 31, 2024 there were
3,342 broker-dealers registered with the
Commission. The Commission estimates
that these broker-dealer respondents
incur a total hour burden of
approximately 9,818,416 hours per year
to comply with Rule 17a–3.
In addition, Rule 17a–3 contains
ongoing operation and maintenance
costs for broker-dealers, including the
cost of postage to provide customers
with account information, and costs for
equipment and systems development.
The Commission estimates that the total
cost burden associated with Rule 17a–
3 would be approximately $138,852,510
per year.
An agency may not conduct or
sponsor, and a person is not required to
respond to, a collection of information
unless it displays a currently valid OMB
Control Number.
The public may view and comment
on this information collection request
at: https://www.reginfo.gov/public/do/
PRAViewICR?ref_nbr=202507-3235-017
email comment to

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MBX.OMB.OIRA.SEC_desk_officer@
omb.eop.gov within 30 days of the day
after publication of this notice, by
December 19, 2025.
Dated: November 14, 2025.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2025–20180 Filed 11–17–25; 8:45 am]
BILLING CODE 8011–01–P

SECURITIES AND EXCHANGE
COMMISSION
[OMB Control No. 3235–0564]

Agency Information Collection
Activities; Submission for OMB
Review; Comment Request; Extension:
Rule 17a–6
Upon Written Request, Copies Available
From: Securities and Exchange
Commission, Office of FOIA Services,
100 F Street NE, Washington, DC
20549–2736
Notice is hereby given that, pursuant
to the Paperwork Reduction Act of 1995
(44 U.S.C. 3501 et seq.), the Securities
and Exchange Commission (the
‘‘Commission’’) has submitted to the
Office of Management and Budget
(‘‘OMB’’) a request for extension of the
previously approved collection of
information discussed below.
Section 17(a) of the Investment
Company Act of 1940 (the ‘‘Act’’)
generally prohibits affiliated persons of
a registered investment company
(‘‘fund’’) from borrowing money or other
property from, or selling or buying
securities or other property to or from,
the fund or any company that the fund
controls. Rule 17a–6 (17 CFR 270.17a–
6) permits a fund, or a company
controlled by the fund, and a ‘‘portfolio
affiliate’’ of the fund (a company that is
an affiliated person of the fund because
the fund controls the company, or holds
five percent or more of the company’s
outstanding voting securities) to engage
in principal transactions that would
otherwise be prohibited under section
17(a) of the Act under certain
conditions. A fund may not rely on the
exemption in the rule to enter into a
principal transaction with a portfolio
affiliate if certain prohibited
participants (e.g., directors, officers,
employees, or investment advisers of
the fund) have a financial interest in a
party to the transaction. Rule 17a–6
specifies certain interests that are not
‘‘financial interests,’’ including any
interest that the fund’s board of
directors (including a majority of the
directors who are not interested persons
of the fund) finds to be not material. A
board making this finding is required to

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