Federal Register #2026-20147

SEC request to extend OMB approval for Rule 15c2-1 information collection

The Securities and Exchange Commission (SEC) notice concerns extending approval for a regulatory information collection, not buying goods or services. - Government agencies - Buyer: Securities and Exchange Commission (SEC); no sub-ag agency or office is identified. - The request is for the Office of Management and Budget (OMB) to extend approval of the collection. - Rule 15c2-1 requirements - Broker-dealers collect information to prevent improper rehypothecation of customer securities, issue and retain hypothecation notices, and obtain customers’ written consent. - The notice estimates 54 respondents, 45 responses per respondent annually, and an industry-wide annual reporting burden of approximately 1,215 hours. - Procurement details - This is not a procurement opportunity. No products, contracted services, quantities, part numbers, OEMs, or vendors are identified.

Description

The Securities and Exchange Commission submitted a request to the Office of Management and Budget to extend approval of the information collection under Rule 15c2-1. The rule restricts broker-dealers from commingling customer margin securities with their own or other customers’ securities without written consent, and limits rehypothecation of customer margin securities. Respondents must collect information to prevent rehypothecation, issue and retain notices, and obtain customer written consents. The notice estimates 54 respondents, 45 responses per respondent annually, and an industry-wide annual burden of approximately 1,215 hours.

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