Notice2026-01773
Agency Information Collection Activities; Proposed Collection; Comment Request; Extension: Customer Account Statements (17 CFR 242.607)
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
January 29, 2026
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 91 Issue 19 (Thursday, January 29, 2026)</title>
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[Federal Register Volume 91, Number 19 (Thursday, January 29, 2026)]
[Notices]
[Pages 3937-3938]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2026-01773]
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SECURITIES AND EXCHANGE COMMISSION
[OMB Control No. 3235-0435]
Agency Information Collection Activities; Proposed Collection;
Comment Request; Extension: Customer Account Statements (17 CFR
242.607)
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.) (``PRA''), the Securities and Exchange
Commission (``Commission'') is soliciting comments on the existing
collection of information provided for in Rule 607 (17 CFR 242.607)
under the Securities Exchange Act of 1934 (17 U.S.C. 78a et seq.)
(``Exchange Act''). The Commission plans to submit this existing
collection of information to the Office of Management and Budget)
(``OMB'') for extension and approval.
Rule 607 requires disclosure on each new account and on a yearly
basis thereafter, on the annual statement, the firm's policies
regarding receipt of payment for order flow from any market makers,
exchanges or exchange members to which it routes customers' order in
national market system securities for execution; and information
regarding the aggregate amount of monetary payments, discounts, rebates
or reduction in fees received by the firm over the past year.
The information collected pursuant to Rule 607 is necessary to
facilitate the establishment of a national market system for
securities. The purpose of the rule is to ensure that customers are
adequately apprised of the broker-dealer's order routing practices with
respect to the customer's order, in furtherance of the Commission's
statutory mandate to protect investors.
The Commission estimates that approximately 3,342 respondents will
make the third-party disclosures required in the collection of
information requirements to 330,297,553 customer accounts each year.
The Commission estimates that the average number of hours necessary for
each respondent to comply with Rule 607 per year is 77.918 hours, which
results in an average aggregated annual burden of 260,401.956 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 the proposed
collection of information is necessary for the proper performance of
the functions of the Commission, including whether the information
shall have practical utility; (b) the accuracy of the Commission's
estimates of the burden of 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
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#0f5f6e7f6a7d78607d645d6a6b7a6c7b6660614e6c7b4f7c6a6c21686079"><span class="__cf_email__" data-cfemail="0d5d6c7d687f7a627f665f6869786e796462634c6e794d7e686e236a627b">[email protected]</span></a> by March 30, 2026. There will
[[Page 3938]]
be a second opportunity to comment on this SEC request following the
Federal Register publishing a 30-Day Submission Notice.
Dated: January 27, 2026.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2026-01773 Filed 1-28-26; 8:45 am]
BILLING CODE 8011-01-P
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