Notice2023-20528
Submission for OMB Review; Comment Request; Extension: Rule 17f-2(e)
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
September 22, 2023
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 88 Issue 183 (Friday, September 22, 2023)</title>
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[Federal Register Volume 88, Number 183 (Friday, September 22, 2023)]
[Notices]
[Pages 65411-65412]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-20528]
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SECURITIES AND EXCHANGE COMMISSION
[SEC File No. 270-037, OMB Control No. 3235-0031]
Submission for OMB Review; Comment Request; Extension: Rule 17f-
2(e)
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 (``PRA'') (44 U.S.C. 3501 et seq.), the Securities and Exchange
Commission (``Commission'') has submitted to the Office of Management
and Budget (``OMB'') a request for approval of
[[Page 65412]]
extension of the previously approved collection of information provided
for in Rule 17f-2(e) (17 CFR 240.17f-2(e)), under the Securities
Exchange Act of 1934 (15 U.S.C. 78a et seq.).
Rule 17f-2(e) requires every member of a national securities
exchange, broker, dealer, registered transfer agent, and registered
clearing agency (``covered entities'') claiming an exemption from the
fingerprinting requirements of Rule 17f-2 to make and keep current a
statement entitled ``Notice Pursuant to Rule 17f-2'' (``Notice'')
containing the information specified in paragraph (e)(1) to support
their claim of exemption.
Rule 17f-2(e) contains no filing requirement. Instead, paragraph
(e)(2) requires covered entities to keep a copy of the Notice in an
easily accessible place at the organization's principal office and at
the office employing the persons for whom exemptions are claimed and to
make the Notice available upon request for inspection by the
Commission, appropriate regulatory agency (if not the Commission), or
other designated examining authority. Notices prepared pursuant to Rule
17f-2(e) must be maintained for different lengths of time depending on
the type of entity maintaining the Notice. Under Rule 240.17a-1, every
registered clearing agency must keep and preserve at least one copy of
all documents made or received by it in the course of its business for
a period of not less than five years. Under Rule 240.17a-4 certain
members of national securities exchanges, brokers, and dealers must
maintain the Notice during the life of their enterprise. Under Rule
240.17Ad-7, registered transfer agents must maintain the Notice in an
easily accessible place. The recordkeeping requirement under Rule 17f-
2(e) assists the Commission and other regulatory agencies with ensuring
compliance with Rule 17f-2. This rule does not involve the collection
of confidential information.
We estimate that approximately 75 respondents will incur an average
burden of 30 minutes per year to comply with this rule, which
represents the time it takes for a staff person at a covered entity to
properly document a claimed exemption from the fingerprinting
requirements of Rule 17f-2 in the required Notice and to properly
retain the Notice according to the entity's record retention policies
and procedures. The total annual burden for all covered entities is
approximately 38 hours (75 entities x .5 hours, rounded up).
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 October 23, 2023 to (i) <a href="http://www.reginfo.gov/public/do/PRAMain">www.reginfo.gov/public/do/PRAMain</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#1b4b495a44567a72777974635b687e78357c746d"><span class="__cf_email__" data-cfemail="114143504e5c70787d737e69516274723f767e67">[email protected]</span></a>.
Dated: September 18, 2023.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2023-20528 Filed 9-21-23; 8:45 am]
BILLING CODE 8011-01-P
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