Notice2026-19558
Agency Information Collection Activities; Submission for OMB Review; Comment Request; Extension: Rule 17a-4(b)(17)
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
September 24, 2026
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 91 Issue 184 (Thursday, September 24, 2026)</title>
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[Federal Register Volume 91, Number 184 (Thursday, September 24, 2026)]
[Notices]
[Page 60665]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2026-19558]
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SECURITIES AND EXCHANGE COMMISSION
[OMB Control No. 3235-0806]
Agency Information Collection Activities; Submission for OMB
Review; Comment Request; Extension: Rule 17a-4(b)(17)
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 approval of extension
of the previously approved collection of information provided in Rule
17a-4(b)(17) (17 CFR 240.17a-4(b)(17), under the Securities Exchange
Act of 1934 (15 U.S.C. 78a et seq.).
Rule 17a-4(b)(17) requires broker-dealers to preserve the written
probability of default determination relied upon pursuant to the
exception in Rule 101(c)(2)(i) or Rule 102(d)(2)(i), as applicable.
Rule 17a-4(b)(17) requires broker-dealers relying on either of those
exceptions to preserve for a period of not less than three years, the
first two years in an easily accessible place, the written probability
of default determination made pursuant to Rule 101(c)(2)(i). Rule 17a-
4(b)(17)'s record preservation requirements involving the written
probability of default determinations are mandatory if a broker-dealer
relies on the exception in Rule 101(c)(2)(i) or Rule 102(d)(2)(i). The
burden imposed by Rule 17a-4(b)(17) is limited to the maintenance and
preservation of the written records.
The information required by Rule 17a-4(b)(17) is designed to
facilitate Commission examinations of broker-dealers who rely on the
exception in Rule 101 or Rule 102, as applicable, for nonconvertible
debt securities and nonconvertible preferred securities (together
``Nonconvertible Securities'') of certain credit-worthy issuers.
Without Rule 17a-4(b)(17), the Commission would not have the same
access to necessary records in conducting examinations of broker-
dealers relying on either of the exceptions.
Rule 17a-4(b)(17) results in two information collections: initial
and ongoing recordkeeping burdens related to preserving the written
probability of default calculation relied upon pursuant to the
exception in Rule 101(c)(2)(i) or Rule 102(d)(2)(i), as applicable.
Initial Burden
To the extent there are new (in relation to the previous 2023
estimate) respondents relying on the applicable exception in Rule
101(c)(2)(i) or Rule 102(d)(2)(i), the Commission estimates that the
record preservation requirements under Rule 17a-4(b)(17) will impose an
initial burden of 25 hours per respondent for updating the applicable
policies and systems required to account for preserving the records
made pursuant to Rule 101. Assuming that all 275 respondents are new
entrants to the Nonconvertible Securities markets and need to update
their policies and systems required to account for preserving the
records made pursuant to Rule 101(c)(2)(i) (i.e., because they have not
already done so), the Commission estimates that the total annual
industry-wide initial burden for this requirement is 2,292 hours.
Ongoing Burden
The Commission estimates that respondents will incur an internal
ongoing annual burden of 10 hours per firm for maintaining such
records, as well as to make additional updates to the applicable record
preservation policies and systems to account for preserving the records
pursuant to Rule 17a-4(b)(17). The Commission estimates that the total
annual ongoing burden is 2,750 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.
The public may view and comment on this information collection
request at: <a href="https://www.reginfo.gov/public/do/PRAViewICR?ref_nbr=202607-3235-009">https://www.reginfo.gov/public/do/PRAViewICR?ref_nbr=202607-3235-009</a> or email comment to
<a href="/cdn-cgi/l/email-protection#b1fcf3e99ffefcf39ffef8e3f09fe2f4f2eed5d4c2daeeded7d7d8d2d4c3f1dedcd39fd4dec19fd6dec7"><span class="__cf_email__" data-cfemail="fdb0bfa5d3b2b0bfd3b2b4afbcd3aeb8bea299988e96a2929b9b949e988fbd92909fd398928dd39a928b">[email protected]</span></a> within 30 days of the day
after publication of this notice, by October 26, 2026.
Dated: September 22, 2026.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2026-19558 Filed 9-23-26; 8:45 am]
BILLING CODE 8011-01-P
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