Federal Register #OMB Control No. 3235-0471

SEC Requests Public Comment on Rule 15c1-5 Information Collection Extension

This opportunity involves a request for public comment from the Securities and Exchange Commission (SEC) regarding the extension of an information collection under Rule 15c1-5: - Government Buyer: - Securities and Exchange Commission (SEC) - No OEMs or vendors are involved, as this is not a procurement or acquisition of products or services - Purpose: - The SEC seeks feedback on the continued necessity, accuracy, and burden of Rule 15c1-5 information collection - Rule 15c1-5 requires broker-dealers with control relationships to issuers to provide written notification to customers at or before transaction completion - Estimated Impact: - 162 respondents annually - Each respondent spends approximately 10 hours per year - Total estimated annual burden: 1,620 hours - No products, part numbers, or purchase quantities are specified - No unique or notable technical requirements, as this is a regulatory information collection, not a procurement

Description

This notice pertains to the extension of a currently approved collection of information by the Securities and Exchange Commission (SEC), specifically Rule 15c1-5. The rule requires broker-dealers controlled by, controlling, or under common control with the issuer of a security to provide written notification disclosing the control relationship to customers at or before completion of the transaction. The SEC estimates 162 respondents annually, each spending approximately 10 hours complying with the rule, totaling about 1,620 hours per year. The notice solicits comments on the necessity, accuracy, and ways to enhance or minimize the burden of this information collection.

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