Federal Register #2026-07051

SEC Request for Public Comment on Extension of Customer Account Statement Information Collection (17 CFR 242.607)

The Securities and Exchange Commission (SEC) is seeking public comment on the proposed extension of information collection requirements under Rule 607 (17 CFR 242.607) related to customer account statements. - Government Buyer: - Securities and Exchange Commission (SEC) - OEMs and Vendors: - No specific OEMs or vendors are mentioned; this is a regulatory information collection, not a procurement of goods or services - Products/Services Requested: - No products or services are being procured - The collection requires broker-dealers to disclose: - Policies regarding payment for order flow - Aggregate monetary payments received - Transparency in order routing practices for customer accounts - Scope and Impact: - Approximately 3,342 respondents (broker-dealers) - Over 330 million customer accounts affected annually - Estimated annual burden of over 260,000 hours - Unique or Notable Requirements: - Public comment is requested on the necessity, accuracy, and burden of the collection - Focus is on maintaining relevance and efficiency of the information collection - Place of Performance/Contact: - SEC Headquarters, 100 F Street NE, Washington, DC 20549

Description

This notice from the Securities and Exchange Commission (SEC) announces the proposed extension of the information collection requirements under Rule 607 (17 CFR 242.607) related to customer account statements. The rule mandates broker-dealers to disclose policies regarding payment for order flow and aggregate monetary payments received, ensuring transparency in order routing practices. The SEC invites public comments on the necessity, accuracy, and burden of this collection to maintain its relevance and efficiency.

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