Notice2023-22921
Proposed Collection; Comment Request; Extension: Rule 15c2-1
Primary source
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Published
October 18, 2023
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 88 Issue 200 (Wednesday, October 18, 2023)</title>
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[Federal Register Volume 88, Number 200 (Wednesday, October 18, 2023)]
[Notices]
[Page 71917]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-22921]
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SECURITIES AND EXCHANGE COMMISSION
[SEC File No. 270-418, OMB Control No. 3235-0485]
Proposed Collection; Comment Request; Extension: Rule 15c2-1
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'') is soliciting comments on the existing
collection of information provided for in Rule 15c2-1, (17 CFR
240.15c2-1), under the Securities Exchange Act of 1934 (15 U.S.C. 78a
et seq.). The Commission plans to submit this existing collection of
information to the Office of Management and Budget (``OMB'') for
extension and approval.
Rule 15c2-1 prohibits broker-dealers from commingling under the
same lien securities of their margin customers with securities of the
broker-dealer and those of other customers without their written
consent. The rule also prohibits the re-hypothecation of customers'
margin securities for a sum in excess of the customer's aggregate
indebtedness. Respondents must collect information necessary to prevent
the re-hypothecation of customer securities, issue and retain copies of
notices of hypothecation of customer securities, and collect written
consents from customers.
There are approximately 59 respondents. Each of these respondents
makes an estimated 45 responses per year and each response takes
approximately 0.5 hours to complete, resulting in an industry-wide
annual burden of approximately 1,327 hours.
Written comments are invited on: (a) whether the proposed
collection of information is necessary for the proper performance of
the functions of the Commission, including whether the information
shall have practical utility; (b) the accuracy of the Commission's
estimates of the burden of the proposed collection of information; (c)
ways to enhance the quality, utility, and clarity of the information
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 by
December 18, 2023.
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 Officer, 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#207072617f6d41494c424f58605345430e474f56"><span class="__cf_email__" data-cfemail="237371627c6e424a4f414c5b635046400d444c55">[email protected]</span></a>.
Dated: October 12, 2023.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2023-22921 Filed 10-17-23; 8:45 am]
BILLING CODE 8011-01-P
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