Federal Register #2026-20055

SEC Request to Extend the Rule 17a-11 Information Collection

The Securities and Exchange Commission (SEC) is seeking to extend the Rule 17a-11 information collection through the Office of Management and Budget (OMB). - Government entities: SEC is the requesting agency; OMB is the reviewing office. - Purpose: Rule 17a-11 requires certain broker-dealers and derivatives dealers to report financial or operational difficulties and specified net-capital conditions to the SEC and other designated authorities. - Additional reporting: National securities exchanges and associations must notify the SEC when a member fails to submit a required notice or report. - Estimated burden: Approximately 201 hours per year. - Procurement status: This is a regulatory information-collection notice, not a procurement. No products, services, OEMs, vendors, quantities, or contract value are identified.

Description

The Securities and Exchange Commission has submitted a request to the Office of Management and Budget to extend the previously approved information collection under Rule 17a-11. The rule requires broker-dealers experiencing financial or operational difficulties to notify the Commission and other designated authorities, and also requires certain derivatives dealers and broker-dealers to report specified net-capital conditions. It further requires national securities exchanges and associations to notify the Commission when a member fails to provide a required notice or report. The notice estimates a total annual burden of approximately 201 hours and invites public comment within 30 days of publication.

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