Notice2025-09143
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
May 21, 2025
Issuing agencies
Securities and Exchange Commission
Full Text
<html>
<head>
<title>Federal Register, Volume 90 Issue 97 (Wednesday, May 21, 2025)</title>
</head>
<body><pre>
[Federal Register Volume 90, Number 97 (Wednesday, May 21, 2025)]
[Notices]
[Page 21814]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2025-09143]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[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
Notice is hereby given that, pursuant to the Paperwork Reduction
Act of 1995 (44 U.S.C. 3501 et seq.), the Securities and Exchange
Commission (``SEC'' or ``Commission'') is soliciting comments on the
proposed 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.).
Rule 17a-25(a)(1) requires broker-dealers registered with the
Commission 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, Rule 17a-25(c) 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 10,807
electronic blue sheet requests per year to clearing broker-dealers that
in turn submit an average 213,233 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
responses from all firms is estimated to be 28,562 (213,137 x 8 / 60 =
28,418 hours) + (96 x 1.5 = 144 hours), respectively.\2\
---------------------------------------------------------------------------
\1\ A single EBS request has a unique number assigned to it
(e.g., ``0900001''). However, the number of broker-dealer
submissions transmitted in response to one EBS request can range
from one to thousands. 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 for which they clear. There were 426,274 responses
during the 24-month period, for an average of 213,137 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 96 per year) has
minimal effect on the total annual burden hours.
---------------------------------------------------------------------------
An agency may not conduct or sponsor, and a person is not required
to respond to, a collection of information unless it displays a
currently valid OMB Control Number.
Written comments are invited on: (a) whether this proposed
collection of information is necessary for the proper performance of
the functions of the SEC, including whether the information will have
practical utility; (b) the accuracy of the SEC's estimate of the burden
imposed by the proposed collection of information, including the
validity of the methodology and the assumptions used; (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,
electronic collection techniques or other forms of information
technology.
Please direct your written comment to Austin Gerig, Director/Chief
Data Officer, Securities and Exchange Commission, c/o Tanya Ruttenberg,
100 F Street NE, Washington, DC 20549 and send it by email to
<a href="/cdn-cgi/l/email-protection#81d1e0f1e4f3f6eef3ead3e4e5f4e2f5e8eeefc0e2f5c1f2e4e2afe6eef7"><span class="__cf_email__" data-cfemail="2a7a4b5a4f585d455841784f4e5f495e4345446b495e6a594f49044d455c">[email protected]</span></a>, by July 21, 2025.
Dated: May 16, 2025.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2025-09143 Filed 5-20-25; 8:45 am]
BILLING CODE 8011-01-P
</pre><script data-cfasync="false" src="/cdn-cgi/scripts/5c5dd728/cloudflare-static/email-decode.min.js"></script></body>
</html>Indexed from Federal Register on May 21, 2025.
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.