Notice2025-14351
Agency Information Collection Activities; Proposed Collection; Comment Request; Extension: Rule 17a-3
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
July 30, 2025
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 90 Issue 144 (Wednesday, July 30, 2025)</title>
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[Federal Register Volume 90, Number 144 (Wednesday, July 30, 2025)]
[Notices]
[Pages 35949-35950]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2025-14351]
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SECURITIES AND EXCHANGE COMMISSION
[OMB Control No. 3235-0033]
Agency Information Collection Activities; Proposed Collection;
Comment Request; Extension: Rule 17a-3
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.
Rule 17a-3, 17 CFR 240.17-3, under the Securities Exchange Act of
1934 establishes minimum standards with respect to business records
that broker-dealers registered with the Commission must make and keep
current. These records are maintained by the broker-dealer (in
accordance with a separate rule), so they can be used by the broker-
dealer and reviewed by Commission examiners, as well as other
regulatory authority examiners, during inspections of the broker-
dealer.
The collections of information included in Rule 17a-3 are necessary
to enable the Commission, self-regulatory organization (``SRO''), and
state examiners to conduct effective and efficient examinations to
determine whether broker-dealers are complying with relevant laws,
rules, and regulations. If broker-dealers were not required to create
these baseline, standardized records, Commission, SRO, and state
examiners could be unable to determine whether broker-dealers are in
compliance with the Commission's antifraud and anti-manipulation rules,
financial responsibility program, and other Commission, SRO, and State
laws, rules, and regulations.
The collection of information is mandatory and is confidential
subject to the provisions of the Freedom of Information Act (5 U.S.C.
552.)
As of December 31, 2024 there were 3,342 broker-dealers registered
with the Commission. The Commission estimates that these broker-dealer
respondents incur a total hour burden of approximately 9,818,416 hours
per year to comply with Rule 17a-3.
In addition, Rule 17a-3 contains ongoing operation and maintenance
costs for broker-dealers, including the cost of postage to provide
customers with account information, and costs for equipment and systems
development. The Commission estimates that the total cost burden
associated with Rule 17a-3 would be approximately $138,852,510 per
year.
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 comments on this 60-Day Collection
Notice to Austin Gerig, Director/Chief Data Officer, Securities and
Exchange Commission, c/o Tanya Ruttenberg via email to
<a href="/cdn-cgi/l/email-protection#e3b382938691948c9188b186879680978a8c8da28097a3908680cd848c95"><span class="__cf_email__" data-cfemail="653504150017120a170e3700011006110c0a0b240611251600064b020a13">[email protected]</span></a> by September 29, 2025. There will be a
second opportunity to
[[Page 35950]]
comment on this SEC request following the Federal Register publishing a
30-Day Submission Notice.
Dated: July 25, 2025.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2025-14351 Filed 7-29-25; 8:45 am]
BILLING CODE 8011-01-P
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