Federal Register #3235-0133

SEC request to extend information-collection approval for Rule 17a-19 and Form X-17A-19

The Securities and Exchange Commission is seeking approval to continue an existing regulatory information-collection requirement, not purchasing products or services. - Government entities - Buyer/lead agency: U.S. Securities and Exchange Commission (SEC). - Reviewing office: Office of Management and Budget (OMB). - The filings are also submitted to the Securities Investor Protection Corporation (SIPC). - Requirement - Rule 17a-19 and Form X-17A-19 apply to national securities exchanges and registered national securities associations. - These organizations must file the form with the SEC and SIPC within five business days after a member’s initiation, suspension, or termination. - When a membership is terminated, the member must also be notified of its financial reporting obligations. - Estimated reporting burden - 30 potential respondents and 206 filings per year. - Approximately 15 minutes per filing, or about 52 total reporting hours annually. - No OEMs, vendors, products, or procurement services are identified.

Description

The Securities and Exchange Commission submitted to the Office of Management and Budget a request to extend approval of the information collection requirements in Rule 17a-19 and Form X-17A-19. The rule requires national securities exchanges and registered national securities associations to file the form with the Commission and SIPC within five business days of a member’s initiation, suspension, or termination. It also requires notification to a member when its membership interest is terminated about the obligation to file financial reports. The notice estimates 206 filings annually, approximately 15 minutes per filing, and a total annual reporting burden of about 52 hours; comments were due by November 9, 2026.

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