Federal Register #OMB Control No. 3235-0806

SEC Notice: Extension of Information Collection Under Rule 17a-4(b)(17)

This notice from the Securities and Exchange Commission (SEC) concerns the extension of an information collection requirement under Rule 17a-4(b)(17) of the Securities Exchange Act of 1934. - The SEC is requesting public comment on the proposed extension of this information collection. - Rule 17a-4(b)(17) requires broker-dealers to preserve written probability of default determinations for certain securities exceptions. - Records must be kept for at least three years, with the first two years in an easily accessible place. - The purpose of the information collection is to facilitate SEC examinations of broker-dealers relying on specific exceptions. - The notice provides estimates of the initial and ongoing recordkeeping burden for compliance. - No products, OEMs, or vendors are mentioned, and this is not a procurement or award opportunity.

Description

This notice from the Securities and Exchange Commission (SEC) pertains to the extension of a currently approved information collection under Rule 17a-4(b)(17). The rule requires broker-dealers to preserve written probability of default determinations related to certain securities exceptions for a minimum of three years. The notice invites public comment on the proposed extension and outlines the estimated burden hours for initial and ongoing compliance. The information collection facilitates SEC examinations of broker-dealers relying on specific exceptions under the Securities Exchange Act of 1934.

View original listing