Notice2025-20739
Agency Information Collection Activities; Submission for OMB Review;
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
November 24, 2025
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 90 Issue 224 (Monday, November 24, 2025)</title>
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[Federal Register Volume 90, Number 224 (Monday, November 24, 2025)]
[Notices]
[Pages 53015-53016]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2025-20739]
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SECURITIES AND EXCHANGE COMMISSION
[OMB Control No. 3235-0410]
Agency Information Collection Activities; Submission for OMB
Review;
Comment Request; Extension: Rules 17h-1T and 17h-2T
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 submitting to the Office of
Management and Budget (``OMB'') this request for an extension of the
proposed collection of information in Rules 17h-1T and 17h-2T.
Rule 17h-1T requires a covered broker-dealer to maintain and
preserve records and other information concerning certain entities that
are associated with the broker-dealer. This requirement extends to the
financial and securities activities of the holding company, affiliates
and subsidiaries of the broker-dealer that are reasonably likely to
have a material impact on the financial or operational condition of the
broker-dealer. Rule 17h-2T requires a covered broker-dealer to file
with the Commission quarterly reports and a cumulative year-end report
concerning the information required to be maintained and preserved
under Rule 17h-1T.
The collection of information required by Rules 17h-1T and 17h-2T,
collectively referred to as the ``risk assessment rules'', is mandatory
and is necessary to enable the Commission to monitor the activities of
a broker-dealer affiliate whose business activities are reasonably
likely to have a material impact on the financial and operational
condition of the broker-dealer. Without this information, the
Commission would be unable to assess the potentially damaging impact of
the affiliate's activities on the broker-dealer.
There are currently 238 respondents that must comply with Rules
17h-1T and 17h-2T. Each of these 238 respondents are estimated to
require 10 hours per year to maintain the records required under Rule
17h-1T, for an aggregate estimated annual burden of 2,380 hours (238
respondents - 10 hours). In addition, each of these 238 respondents
must make five annual responses under Rule 17h-2T. These five responses
are estimated to require 14 hours per respondent per year for an
aggregate estimated annual burden of 3,332 hours (238 respondents x 14
hours).
In addition, new respondents must draft an organizational chart
required under Rule 17h-1T and establish a system for complying with
the risk assessment rules. The staff estimates that drafting the
required organizational chart requires one hour and establishing a
system for complying with the risk assessment rules requires three
hours. Based on the reduction in the number of filers in recent years,
the staff estimates there will be four new respondents, and thus, a
corresponding estimated burden of four hours for new respondents.
In addition, the Commission adopted amendments in 2024 that require
broker-dealers subject to Rule 17h-2T to file Form 17h-2T
electronically on EDGAR and that would require a portion of the form to
be filed using Inline XBRL. Thus, the Commission estimates an average
additional burden of 2 hour per response four times a year (quarterly)
for 238 respondents, resulting in a total industrywide burden of 1,904
hours \1\ per year for Form 17-H filers to structure their financial
statements (Item 4 of Form 17-H) in Inline XBRL. The total compliance
burden per year is approximately 7,620 burden hours (2,380 hours +
3,332 hours + 4 hours + 1,904 hours).\2\
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\1\ (238 respondents x 8 hours = 1,904 hours.)
\2\ The Commission recently extended the compliance date for
certain of the 2024 rule amendments by twelve months. See Extension
of Compliance Dates for Electronic Submission of Certain Materials
Under the Securities Exchange Act of 1934; Amendments Regarding the
FOCUS Report; SEC Release Nos. 33-11386; 34-103877; IC-35738; (Sept.
8, 2025); 90 FR 43552 (Sept. 10, 2025) (File No. S7-08-23).
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On September 12, 2025, the Commission published a Federal Register
notice with a 60-day comment period soliciting comments on this
collection of information. One comment letter was received. The comment
letter supports the Commission's recent extension of the compliance
date for the 2024 amendments and agrees with the collection of data in
Inline XBRL format. The comment letter does not discuss the estimated
burdens for the collection of
[[Page 53016]]
information, and changes were not made to the estimated burdens in
connection with the comment letter.\3\
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\3\ Letter from Campbell Pryde, XBRL US, November 12, 2025.
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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.
The public may view and comment on this information collection
request at: <a href="https://www.reginfo.gov/public/do/PRAViewICR?ref_nbr=202509-3235-002">https://www.reginfo.gov/public/do/PRAViewICR?ref_nbr=202509-3235-002</a> or email comment to
<a href="/cdn-cgi/l/email-protection#49040b116706040b6706001b08671a0c0a162d2c3a2216262f2f202a2c3b0926242b672c2639672e263f"><span class="__cf_email__" data-cfemail="763b342e58393b3458393f243758253335291213051d291910101f15130436191b145813190658111900">[email protected]</span></a> within 30 days of the day
after publication of this notice, by December 26, 2025.
Dated: November 20, 2025.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2025-20739 Filed 11-21-25; 8:45 am]
BILLING CODE 8011-01-P
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