Federal Register #OMB Control No. 3235-0485

SEC Requests Public Comment on Extension of Rule 15c2-1 Information Collection

This opportunity involves a request for public comment from the Securities and Exchange Commission (SEC) regarding the extension of an existing information collection for Rule 15c2-1 under the Securities Exchange Act of 1934. - Government Buyer: - Securities and Exchange Commission (SEC) - OEMs and Vendors: - No OEMs or vendors are mentioned, as this is not a procurement of goods or services - Products/Services Requested: - No products or services are being procured - The request is for public feedback on the information collection process related to broker-dealer requirements for handling customer margin securities - Notable Requirements: - The information collection concerns broker-dealer obligations to prevent commingling and rehypothecation of customer margin securities without written consent - Respondents are expected to maintain records and provide notices as required by Rule 15c2-1 - Estimated 54 respondents, each with about 45 responses per year, totaling an annual industry burden of 1,215 hours - The SEC seeks input on the necessity, burden, and utility of the information collection process

Description

This notice from the Securities and Exchange Commission (SEC) announces a proposed extension of an existing information collection related to Rule 15c2-1. The rule prohibits broker-dealers from commingling securities of their margin customers with those of the broker-dealer and other customers without written consent and restricts rehypothecation of customer margin securities. The SEC invites public comment on the necessity, burden, and utility of this information collection. Approximately 54 respondents are estimated to make 45 responses per year, with an annual burden of about 1,215 hours industry-wide.

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