Notice2023-28114
Submission for OMB Review; Comment Request; Extension: Rule 15c2-1
Primary source
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Published
December 21, 2023
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 88 Issue 244 (Thursday, December 21, 2023)</title>
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[Federal Register Volume 88, Number 244 (Thursday, December 21, 2023)]
[Notices]
[Page 88433]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-28114]
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SECURITIES AND EXCHANGE COMMISSION
[SEC File No. 270-418, OMB Control No. 3235-0485]
Submission for OMB Review; 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'') has submitted to the Office of Management
and Budget (``OMB'') a request for approval of extension of the
previously approved 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.).
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.
The retention period for the recordkeeping requirement under Rule
15c2-1 is not less than two years following the date the notice is
submitted. The recordkeeping requirement under this rule is mandatory
to assist the Commission in monitoring respondents who fail to collect
the information required under the rule. This rule does not involve the
collection of confidential information.
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 January 22, 2024 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#d38381928c9eb2babfb1bcab93a0b6b0fdb4bca5"><span class="__cf_email__" data-cfemail="79292b3826341810151b1601390a1c1a571e160f">[email protected]</span></a>.
Dated: December 18, 2023.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2023-28114 Filed 12-20-23; 8:45 am]
BILLING CODE 8011-01-P
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