Federal Register #OMB Control No. 3235-0134

SEC Seeks Comment on Extension of Rule 15c1-7 Information Collection

This opportunity involves a regulatory information collection extension by the Securities and Exchange Commission (SEC): - Government Buyer: - Securities and Exchange Commission (SEC) - Purpose: - Public comment requested on the extension of information collection for Rule 15c1-7 under the Securities Exchange Act of 1934 - Requirements: - Rule 15c1-7 mandates broker-dealers to make immediate records of discretionary securities transactions - Records must include customer name, security details, and transaction timing - Approximately 325 registered broker-dealers are subject to this rule - Estimated aggregate annual time burden is about 33,333 hours - No products, OEMs, or vendors are requested or involved - This is a regulatory notice, not a procurement for goods or services - The SEC is the sole agency involved - The notice aims to ensure the information collection remains relevant and not overly burdensome

Description

This notice from the Securities and Exchange Commission (SEC) pertains to the extension of a currently approved information collection related to Rule 15c1-7 under the Securities Exchange Act of 1934. The rule requires broker-dealers to make immediate records of discretionary securities transactions, including customer name, security details, and transaction timing. The SEC invites public comment on the proposed extension to ensure the collection remains relevant and not overly burdensome. Approximately 325 broker-dealers are estimated to comply, with an aggregate annual time burden of about 33,333 hours.

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