Federal Register #OMB Control No. 3235-0514

SEC Notice: Proposed Extension of Information Collection Under Rule 8c-1

This notice from the Securities and Exchange Commission (SEC) addresses the proposed extension of an existing information collection under Rule 8c-1 of the Securities Exchange Act of 1934. - Government Buyer: - Securities and Exchange Commission (SEC) - Office of FOIA Services - No OEMs, vendors, or commercial products/services are involved - Purpose: - Seeks public comment on the continued need, burden, and utility of the information collection - Rule 8c-1 prohibits broker-dealers from using customer securities as collateral for their own transactions without customer consent - Requires broker-dealers to provide written notification to pledgees when customer securities are used as collateral - Notable Details: - This is a regulatory notice, not a procurement or solicitation for goods/services - The notice is published in the Federal Register - No contract value, product line items, or service line items are associated with this notice

Description

This notice from the Securities and Exchange Commission (SEC) announces the proposed extension of a currently approved information collection under Rule 8c-1. The rule restricts broker-dealers from using customer securities as collateral for their own trading or underwriting without consent and requires certain notifications. The SEC is soliciting public comments on the necessity, burden, and utility of this information collection as part of its regulatory oversight.

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