Federal Register #OMB Control No. 3235-0031

SEC Requests Public Comment on Extension of Rule 17f-2(e) Information Collection Requirements

The Securities and Exchange Commission (SEC) is seeking public comment on the extension of Rule 17f-2(e) information collection requirements. - Regulatory Context: - Rule 17f-2(e) under the Securities Exchange Act of 1934 requires certain financial entities to document and retain records of exemptions from fingerprinting requirements for specific personnel. - Entities affected include members of national securities exchanges, brokers, dealers, registered transfer agents, and registered clearing agencies. - Information Collection Details: - Covered entities must maintain records for regulatory inspection. - Estimated 75 respondents, each with an average annual burden of 30 minutes. - No Procurement Activity: - No products, services, OEMs, or vendors are involved. - The notice is strictly for regulatory compliance and information collection. - Public Comment: - The SEC requests feedback on the proposed extension of this information collection requirement.

Description

This notice from the Securities and Exchange Commission announces the submission for Office of Management and Budget (OMB) review of the extension of Rule 17f-2(e), which relates to agency information collection activities. The rule requires certain covered entities to document exemptions from fingerprinting requirements and maintain these records for regulatory inspection. The notice requests public comments on this information collection extension. Approximately 75 respondents are estimated to incur an average burden of 30 minutes per year to comply with this rule.

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