Rule 10b-10 Confirmation of Securities Transactions (17 C.F.R. 240.10b-10)

Forms and Documents

Document Name	Status
20260130_3235-0444_2026-01890_91 FR 4129_30-Day Submission Notice.pdf.pdf Supplementary Document	2026-01-30
20251128_3235-0444_2025-21391_90 FR 54828_60-Day Collection Notice.pdf Supplementary Document	2025-11-28
2026 10b-10 Supporting Statement.pdf Supporting Statement A	2025-11-21

IC Document Collections

IC ID	Document Title	Status
35121	Generation of Securities Transaction Confirmation Notices (17 C.F.R. 240.10b-10)	Modified
220137	Electronic Confirmation Processing	Removed
205173	Paper Confirmation Processing	Removed

ICR Details

OMB Control No: 3235-0444	ICR Reference No: 202511-3235-005
Status: Received in OIRA	Previous ICR Reference No: 202211-3235-009
Agency/Subagency: SEC	Agency Tracking No: TM
Title: Rule 10b-10 Confirmation of Securities Transactions (17 C.F.R. 240.10b-10)
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular	Date Submitted to OIRA: 01/30/2026

	Requested	Previously Approved
Expiration Date	36 Months From Approved	04/30/2026
Responses	36,202,574,610	54,302,777,021
Time Burden (Hours)	301,688,122	226,261,571
Cost Burden (Dollars)	0	15,625,624,088

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Abstract: Rule 10b-10 under the Securities Exchange Act of 1934 ("Exchange Act") requires broker-dealers to disclose basic trade information to customers regarding their securities transactions. The information required by Rule 10b-10 includes: the date and time of the transaction, the identity and number of shares bought or sold, and the trading capacity of the broker-dealer. In addition, depending on the trading capacity of the broker-dealer, the Rule requires the disclosure of commissions and, under specified circumstances, mark-up and mark-down information. For transactions in debt securities (other than U.S. savings bonds and municipal securities) the Rule requires the disclosure of redemption and yield information. For transactions in securities futures products in a futures account, the Rule permits alternative information disclosure requirements. This alternative information includes, the date the transaction was executed; the identity and number of shares bought or sold; the price, the delivery month, and the exchange on which the transaction was executed; the source and amount of broker remuneration; whether the broker received payment for order flow; and, the fact that other specified information about the execution of the transaction will be available upon written request. Rule 10b-10 also requires broker-dealers to inform their customers if they are not members of the Securities Investor Protection Corporation ("SIPC"). The purpose of this disclosure is to ensure that customers are not led to believe that their accounts are subject to SIPC protection when they are not. In addition, the Rule requires broker-dealers to state on confirmations whether they receive payment for order flow. The confirmation has become a customary tool in the industry, and it serves several functions: firms use it as a billing statement; it serves as a customer invoice; it informs investors of the details of a transaction allowing the customer to check for errors or misunderstandings; it provides consumer information, allowing investors to evaluate the cost and quality of the services provided by broker-dealers; it discloses possible conflict of interest that may arise between the investor and broker-dealer; and it safeguards against fraud, by permitting the customer to detect problems associated with a transaction.

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Authorizing Statute(s): US Code: 15 USC 78a Name of Law: Securities and 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:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	90 FR 54828	11/28/2025
30-day Notice:	Federal Register Citation:	Citation Date:
	91 FR 4129	01/30/2026
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
Electronic Confirmation Processing
Generation of Securities Transaction Confirmation Notices (17 C.F.R. 240.10b-10)
Paper Confirmation Processing

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ICR Summary 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	36,202,574,610	54,302,777,021	0	0	-18,100,202,411	0
Annual Time Burden (Hours)	301,688,122	226,261,571	0	0	75,426,551	0
Annual Cost Burden (Dollars)	0	15,625,624,088	0	0	-15,625,624,088	0

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

Burden Increase Due to:

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

Burden Reduction Due to:

Short Statement: The estimated total annual hour burden associated with Rule 10b-10 increased by approximately 75,426,551 hours from 226,261,571 to 301,688,122 because, while the estimated time per response remained approximately 30 seconds (or 0.5 minutes) per response, and the number of respondents decreased from approximately 3,531 to approximately 3,292 the estimated total number of responses per year increased by approximately 9,051,186,100, from estimating approximately 27,151,388,510 in 2022 to approximately 36,202,574,610 in 2025. The prior estimated annual cost burden should not have been included in the burden since it reflects the hourly burden and thus represented double counting.

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Annual Cost to Federal Government:

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: 01/30/2026

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