Notice2025-23869
Agency Information Collection Activities; Proposed Collection; Comment Request; Extension: Rule 17f-1(g)
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
December 29, 2025
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 90 Issue 245 (Monday, December 29, 2025)</title>
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[Federal Register Volume 90, Number 245 (Monday, December 29, 2025)]
[Notices]
[Pages 60785-60786]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2025-23869]
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SECURITIES AND EXCHANGE COMMISSION
[OMB Control No. 3235-0290]
Agency Information Collection Activities; Proposed Collection;
Comment Request; Extension: Rule 17f-1(g)
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. Sec. 3501 et seq.), the Securities and Exchange
Commission (SEC or ``Commission'') is soliciting comments on the
proposed collection of information.
Paragraph (g) of Rule 17f-1, 17 CFR 240.17f-1(g), requires that all
reporting institutions (i.e., every national securities exchange,
member thereof, registered securities association, broker, dealer,
municipal securities dealer, registered transfer agent, registered
clearing agency, participant therein, member of the Federal Reserve
System and bank insured by the FDIC) maintain and preserve a number of
documents related to their participation in the Lost and Stolen
Securities Program (``Program'') under Rule 17f-1. The following
documents must be kept in an easily accessible place for three years,
according to paragraph (g): (1) copies of all reports of theft or loss
(Form X-17F-1A) filed with the Commission's designee: (2) all
agreements between reporting institutions regarding registration in the
Program or other aspects of Rule 17f-1; and (3) all confirmations or
other information received from the Commission or its designee as a
result of inquiry.
Reporting institutions utilize these records and reports (a) to
report missing, lost, stolen or counterfeit securities to the database;
(b) to confirm inquiry of the database; and (c) to demonstrate
compliance with Rule 17f-1. The Commission and the reporting
institutions' examining authorities utilize these records to monitor
the incidence of thefts and losses incurred by reporting institutions
and to determine compliance with Rule 17f-1. If such records were not
retained by reporting institutions, compliance with Rule 17f-1 could
not be monitored effectively.
The Commission estimates that there are approximately 10,018
reporting institutions (respondents) and, on average, each respondent
would need to retain 33 records annually, with each retention requiring
approximately 1 minute (a total of 33 minutes or 0.5511 hours per
respondent per year). Thus, the total estimated annual time burden for
all respondents is 5,521 hours (10,018 x 0.5511 hours = 5,521).
Assuming an average hourly cost for clerical work of $50.00, the
average total yearly record retention internal cost of compliance for
each respondent would be $31.35 ($57 x 0.55 hours). Based on these
estimates, the total annual internal compliance cost for the estimated
10,018 reporting institutions would be approximately $314,064.3 (10,018
x $31.35).
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
[[Page 60786]]
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#edbd8c9d889f9a829f86bf8889988e99848283ac8e99ad9e888ec38a829b"><span class="__cf_email__" data-cfemail="297948594c5b5e465b427b4c4d5c4a5d404647684a5d695a4c4a074e465f">[email protected]</span></a> by February 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: December 22, 2025.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2025-23869 Filed 12-23-25; 8:45 am]
BILLING CODE 8011-01-P
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