Notice2022-12497
Proposed Collection; Comment Request; Extension: Rule 17a-25
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
June 10, 2022
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 87 Issue 112 (Friday, June 10, 2022)</title>
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[Federal Register Volume 87, Number 112 (Friday, June 10, 2022)]
[Notices]
[Pages 35586-35587]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-12497]
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SECURITIES AND EXCHANGE COMMISSION
[SEC File No. 270-482, OMB Control No. 3235-0540]
Proposed Collection; Comment Request; Extension: Rule 17a-25
Upon Written Request, Copies Available From: Securities and Exchange
Commission, Office of FOIA Services, 100 F Street NE, Washington, DC
20549-2736
[[Page 35587]]
Notice is hereby given that pursuant to the Paperwork Reduction Act
of 1995 (44 U.S.C. 3501 et. seq.) (``PRA''), the Securities and
Exchange Commission (``Commission'') is soliciting comments on the
existing collection of information provided for in Rule 17a-25 (17 CFR
204.17a-25) under the Securities Exchange Act of 1934 (15 U.S.C. 78a
et. seq.).
Paragraph (a)(1) of Rule 17a-25 requires registered broker-dealers
to electronically submit securities transaction information, including
identifiers for prime brokerage arrangements, average price accounts,
and depository institutions, in a standardized format when requested by
the Commission staff. In addition, Paragraph (c) of Rule 17a-25
requires broker-dealers to submit, and keep current, contact person
information for electronic blue sheets (``EBS'') requests. The
Commission uses the information for enforcement inquiries or
investigations and trading reconstructions, as well as for inspections
and examinations.
The Commission estimates that it sends approximately 13,558
electronic blue sheet requests per year to clearing broker-dealers that
in turn submit an average 223,057 responses.\1\ It is estimated that
each broker-dealer that responds electronically will take 8 minutes,
and each broker-dealer that responds manually will take 1\1/2\ hours to
prepare and submit the securities trading data requested by the
Commission. The annual aggregate hour burden for electronic and manual
response firms is estimated to be 29,924 (223,057 x 8 / 60 = 29,741
hours) + (122 x 1.5 = 183 hours), respectively.\2\
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\1\ A single EBS request has a unique number assigned to each
request (e.g., ''0900001''). However, the number of broker-dealer
responses generated from one EBS request can range from one to
several thousand. EBS requests are sent directly to clearing firms,
as the clearing firm is the repository for trading data for
securities transactions information provided by the clearing firm
and the correspondent firms. Clearing brokers respond for themselves
and other firms they clear for. There were 446,113 responses during
the 24-month period, for an average of 223,057 annual responses.
\2\ Few respondents submit manual EBS responses. The small
percentage of respondents that submit manual responses do so by
hand, via email, spreadsheet, disk, or other electronic media. Thus,
the number of manual submissions (approximately 122 per year) has
minimal effect on the total annual burden hours.
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Written comments are invited on: (a) whether the proposed
collection of information is necessary for the proper performance of
the functions of the agency, including whether the information shall
have practical utility; (b) the accuracy of the agency's estimate of
the burden of the proposed collection of information; (c) ways to
enhance the quality, utility, and clarity of the information to be
collected; and (d) ways to minimize the burden of the collection of
information on respondents, including through the use of automated
collection techniques or other forms of information technology.
Consideration will be given to comments and suggestions submitted in
writing by August 9, 2022.
An agency may not conduct or sponsor, and a person is not required
to respond to, a collection of information under the PRA unless it
displays a currently valid OMB control number.
Please direct your written comments to: David Bottom, Director/
Chief Information Office, Securities and Exchange Commission, c/o John
Pezzullo, 100 F Street NE, Washington, DC 20549 or send an email to:
<a href="/cdn-cgi/l/email-protection#d38381928c9eb2babfb1bcab93a0b6b0fdb4bca5"><span class="__cf_email__" data-cfemail="1c4c4e5d43517d75707e73645c6f797f327b736a">[email protected]</span></a>.
Dated: June 6, 2022.
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2022-12497 Filed 6-9-22; 8:45 am]
BILLING CODE 8011-01-P
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