Notice2022-17527
Submission for OMB Review; 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
August 16, 2022
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 87 Issue 157 (Tuesday, August 16, 2022)</title>
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[Federal Register Volume 87, Number 157 (Tuesday, August 16, 2022)]
[Notices]
[Page 50361]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-17527]
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SECURITIES AND EXCHANGE COMMISSION
[SEC File No. 270-482, OMB Control No. 3235-0540]
Submission for OMB Review; 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
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'') has submitted to the Office of Management
and Budget (``OMB'') a request for approval of extension of 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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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.
The public may view background documentation for this information
collection at the following website: <a href="http://www.reginfo.gov">www.reginfo.gov</a>. Find this
particular information collection by selecting ``Currently under 30-day
Review--Open for Public Comments'' or by using the search function.
Written comments and recommendations for the proposed information
collection should be sent by September 15, 2022 to (i)
<a href="/cdn-cgi/l/email-protection#eba6a9b3c5a4a6a9c5a4a2b9aac5b8aea8b48f8e9880b4848d8d82888e99ab848689c58e849bc58c849d"><span class="__cf_email__" data-cfemail="bdf0ffe593f2f0ff93f2f4effc93eef8fee2d9d8ced6e2d2dbdbd4ded8cffdd2d0df93d8d2cd93dad2cb">[email protected]</span></a> and (ii) David Bottom,
Director/Chief Information Officer, Securities and Exchange Commission,
c/o John Pezzullo, 100 F Street NE, Washington, DC 20549, or by sending
an email to: <a href="/cdn-cgi/l/email-protection#d6868497899bb7bfbab4b9ae96a5b3b5f8b1b9a0"><span class="__cf_email__" data-cfemail="cd9d9f8c9280aca4a1afa2b58dbea8aee3aaa2bb">[email protected]</span></a>.
Dated: August 10, 2022.
J. Matthew DeLesDernier,
Deputy Secretary.
[FR Doc. 2022-17527 Filed 8-15-22; 8:45 am]
BILLING CODE 8011-01-P
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