Federal Register #OMB Control No. 3235-0200

SEC Request for Public Comment on Extension of Information Collection Under Rule 15c3-1

This notice from the Securities and Exchange Commission (SEC) seeks public comment on the proposed extension of information collection under Rule 15c3-1. - Government Buyer: - Securities and Exchange Commission (SEC), a U.S. federal agency - Purpose and Scope: - Extension of information collection requirements for broker-dealers under Rule 15c3-1 - Rule 15c3-1 ensures broker-dealers maintain sufficient liquid assets to meet current liabilities - The SEC and self-regulatory organizations use this information to monitor broker-dealer financial condition - Estimated Burden: - Aggregate annual time burden: approximately 67,773 hours - Aggregate annual cost burden: approximately $133,867 - Request for Comment: - Public input is sought on the necessity, accuracy, and burden of the collection - Suggestions for improving quality and reducing burden, including electronic or automated collection methods, are encouraged - No Products or Vendors: - No OEMs, products, or vendors are involved, as this is a regulatory information collection, not a procurement opportunity

Description

The Securities and Exchange Commission (SEC) has issued a notice proposing the extension of the collection of information under Rule 15c3-1, which requires broker-dealers to maintain sufficient liquid assets to meet current liabilities. The notice invites public comments on the necessity, accuracy, and burden of this information collection. The SEC estimates an annual time burden of approximately 67,773 hours and a cost burden of about $133,867 for compliance. Comments are requested to be submitted within 60 days of publication.

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