Notice2025-21393
Agency Information Collection Activities; Proposed Collection; Comment Request; Extension: Rule 17a-14 and Form CRS
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 28, 2025
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 90 Issue 227 (Friday, November 28, 2025)</title>
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[Federal Register Volume 90, Number 227 (Friday, November 28, 2025)]
[Notices]
[Pages 54832-54833]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2025-21393]
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SECURITIES AND EXCHANGE COMMISSION
[OMB Control No. 3235-0766]
Agency Information Collection Activities; Proposed Collection;
Comment Request; Extension: Rule 17a-14 and Form CRS
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-14 (17 CFR
240.17a-14) and Form CRS (17 CFR 249.640), under the Securities
Exchange Act of 1934 (15 U.S.C. 78a et seq.).
Rule 17a-14 and Form CRS require a broker-dealer that offers
services to retail investors to prepare and file with the Commission
through WebCRD, post to the broker-dealer's website (if it has one),
and deliver to retail investors a relationship summary. The
relationship summary can assist retail investors in making an informed
choice about whether to hire or retain a broker-dealer, as well as what
types of accounts and services are appropriate for their needs.
The information that must be collected pursuant to Rule 17a-14 and
Form CRS is necessary to provide broker-dealer retail customers,
prospective retail customers, and the Commission with information about
the relationships and services the firm offers to retail investors,
fees and costs that the retail investor will pay, specific conflicts of
interest and standards of conduct, legal or disciplinary history, and
how to obtain additional information about the firm. The Commission
uses the information to manage its regulatory and examination programs.
Retail investors can use the information required in the relationship
summary to determine whether to hire or retain a broker-dealer, as well
as what types of accounts and services are appropriate for their needs.
The information will therefore help establish a framework that protects
investors and promotes efficiency, competition, and capital formation.
The aggregate annual hour burden for all respondents to comply with
the information collection requirements of Rule 17a-14 and Form CRS is
estimated to be approximately 6,426,099 hours per year. Under Rule 17a-
14 and Form CRS, respondents will also incur cost burdens. The
aggregate annual cost burden for all respondents is estimated to be
approximately $142,554 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 comment on this 60-Day Collection Notice
to Austin Gerig, Director/Chief Data
[[Page 54833]]
Officer, Securities and Exchange Commission, c/o Tanya Ruttenberg via
email to <a href="/cdn-cgi/l/email-protection#b8e8d9c8ddcacfd7cad3eadddccddbccd1d7d6f9dbccf8cbdddb96dfd7ce"><span class="__cf_email__" data-cfemail="124273627760657d60794077766771667b7d7c537166526177713c757d64">[email protected]</span></a> by January 27, 2026. There will
be a second opportunity to comment on this SEC request following the
Federal Register publishing a 30-Day Submission Notice.
Dated: November 24, 2025.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2025-21393 Filed 11-26-25; 8:45 am]
BILLING CODE 8011-01-P
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