Notice2026-15933
Agency Information Collection Activities; Submission for OMB Review; Comment Request; Extension: Rule 15c1-7
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
August 6, 2026
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 91 Issue 150 (Thursday, August 6, 2026)</title>
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[Federal Register Volume 91, Number 150 (Thursday, August 6, 2026)]
[Notices]
[Pages 50901-50902]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2026-15933]
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SECURITIES AND EXCHANGE COMMISSION
[OMB Control No. 3235-0134]
Agency Information Collection Activities; Submission for OMB
Review; Comment Request; Extension: Rule 15c1-7
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 extension of the
proposed collection of information provided for in Rule 15c1-7 (17 CFR
240.15c1-7) under the Securities Exchange Act of 1934 (15 U.S.C. 78a et
seq.) (``Exchange Act'').
Rule 15c1-7 states that any act of a broker-dealer designed to
effect securities transactions with or for a customer account over
which the broker-dealer (directly or through an agent or employee) has
discretion will be considered a fraudulent, manipulative, or deceptive
practice under the federal securities laws, unless a record is made of
the transaction immediately by the broker-dealer. The record must
include: (1) the name of the customer, (2) the name, amount, and price
of the security, and (3) the date and time when such transaction took
place.
The Commission estimates that approximately 325 registered broker-
dealers would need to comply with Rule 151-7. The Commission estimates
that it takes approximately 5 minutes per transaction to comply with
the rule. The Commission estimates that approximately 400,000
transactions are effected in discretionary accounts annually, or
approximately 1,231 transactions per respondent (400,000 transactions/
325 respondents = 1,230.77 rounded up to 1,231). Thus, the Commission
estimates that respondents incur an aggregate annual time burden of
approximately 33,333 hours per year
[[Page 50902]]
(400,000 transactions per year x 5 minutes per transaction x 1 hour per
60 minutes) or 103 hours per respondent per year (33,333 total hours/
325 respondents) to comply with the rule.
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=202605-3235-024">https://www.reginfo.gov/public/do/PRAViewICR?ref_nbr=202605-3235-024</a> or email comment to
<a href="/cdn-cgi/l/email-protection#531e110b7d1c1e117d1c1a01127d0016100c373620380c3c35353a303621133c3e317d363c237d343c25"><span class="__cf_email__" data-cfemail="e6aba4bec8a9aba4c8a9afb4a7c8b5a3a5b98283958db98980808f858394a6898b84c8838996c8818990">[email protected]</span></a> within 30 days of the day
after publication of this notice, by September 8, 2026.
Dated: August 3, 2026.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2026-15933 Filed 8-5-26; 8:45 am]
BILLING CODE 8011-01-P
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</html>Indexed from Federal Register on August 6, 2026.
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