Federal Register #OMB Control No. 3235-0122

SEC Request for Public Comment on Extension of Information Collection under Rule 17a-10

The Securities and Exchange Commission (SEC) is requesting public comment on its proposal to extend the information collection requirements under Rule 17a-10. - Regulatory Context: - Rule 17a-10 requires certain broker-dealers to file annual financial and operational reports. - Reports include the Facing Page, Statement of Income (Loss), balance sheet, and Schedule I of Form X17A-5. - Purpose of Notice: - SEC seeks feedback on the necessity, accuracy, and potential improvements or burden reductions for this information collection. - Estimated annual burden is approximately 38,688 hours. - Procurement Details: - No products, OEMs, or vendors are involved. - The notice is focused solely on regulatory compliance and information gathering for ongoing analysis of the securities industry. - Unique Requirements: - Input is requested specifically on the utility, accuracy, and burden of the information collection process.

Description

The Securities and Exchange Commission (SEC) is proposing to extend the collection of information under Rule 17a-10, which requires certain broker-dealers to file financial and operational reports annually. The rule aims to obtain economic and statistical data necessary for ongoing analysis of the securities industry. The SEC is soliciting public comments on the necessity, accuracy, and ways to enhance or minimize the burden of this information collection. The current estimated burden is approximately 38,688 hours per year with no associated cost burden.

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