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Please note that the OMB number and expiration date may not have been determined when this Information Collection Request and associated Information Collection forms were submitted to OMB. The approved OMB number and expiration date may be found by clicking on the Notice of Action link below.
View ICR - OIRA Conclusion
OMB Control No:
3235-0208
ICR Reference No:
201007-3235-003
Status:
Historical Active
Previous ICR Reference No:
200706-3235-005
Agency/Subagency:
SEC
Agency Tracking No:
TM-270-244
Title:
Rule 17a-1: Recordkeeping Rule for National Securities Exchanges, National Securities Associations, Registered Clearing Agencies, and the Municipal Securities Rulemaking Board.
Type of Information Collection:
Extension without change of a currently approved collection
Common Form ICR:
No
Type of Review Request:
Regular
OIRA Conclusion Action:
Approved without change
Conclusion Date:
10/29/2010
Retrieve Notice of Action (NOA)
Date Received in OIRA:
09/20/2010
Terms of Clearance:
Inventory as of this Action
Requested
Previously Approved
Expiration Date
10/31/2013
36 Months From Approved
02/28/2011
Responses
26
0
22
Time Burden (Hours)
1,104
0
69
Cost Burden (Dollars)
0
0
55,150
Abstract:
Rule 17a-1 requires that all national securities exchanges and associations, registered clearing agencies, and the Municipal Securities Rulemaking Board keep on file for a period of five, two years in an accessible place, all documents that they make or receive respecting their self-regulatory activities, and that such documents be made available for examination by the Commission.
Authorizing Statute(s):
US Code:
15 USC 78q(a)
Name of Law: Securities Exchange Act of 1934
Citations for New Statutory Requirements:
None
Associated Rulemaking Information
RIN:
Stage of Rulemaking:
Federal Register Citation:
Date:
Not associated with rulemaking
Federal Register Notices & Comments
60-day Notice:
Federal Register Citation:
Citation Date:
75 FR 43209
07/23/2010
30-day Notice:
Federal Register Citation:
Citation Date:
75 FR 57306
09/20/2010
Did the Agency receive public comments on this ICR?
No
Number of Information Collection (IC) in this ICR:
2
IC Title
Form No.
Form Name
Rule 17a-1: Recordkeeping Rule for National Securities Exchanges, National Securities Associations, Registered Clearing Agencies, and the Municipal Securities Rulemaking Board.
Rule 17a-1: Recordkeeping Rule for National Securities Exchanges, National Securities Associations, Registered Clearing Agencies and the Municipal Securities Rulemaking Board
ICR Summary of Burden
Total Approved
Previously Approved
Change Due to New Statute
Change Due to Agency Discretion
Change Due to Adjustment in Estimate
Change Due to Potential Violation of the PRA
Annual Number of Responses
26
22
0
0
4
0
Annual Time Burden (Hours)
1,104
69
0
0
1,035
0
Annual Cost Burden (Dollars)
0
55,150
0
0
-55,150
0
Burden increases because of Program Change due to Agency Discretion:
No
Burden Increase Due to:
Burden decreases because of Program Change due to Agency Discretion:
No
Burden Reduction Due to:
Short Statement:
The current approved time burden of 69 hours appears to be an error, as it does not coincide with numbers that are reflected in our 2007 records (with the exception of the 83-I), which indicate a total annual time burden of 1,103 hours. We believe that the numbers reflected in ROCIS and the 83-I to have been an error. Accordingly, the Commission has utilized the annual time burden previously approved in 2004 (and reflected in our 2007 notices and justification statement) to determine and explain the change in annual time burden. The number of registered clearing agencies has decreased from a previous figure of 10 to the current count of 6. The number of securities exchanges registered pursuant to Section 6(a) of the Act has increased from 10 to 14. The number of national exchanges notice-registered pursuant to Section 6(g) of the Act has increased from 3 to 4. These changes account for the change in the hours burden estimate from 1,103 hours to 1,104 hours. The estimate of total annualized cost burden has been reduced to zero, as the cost information previously included in this section in the Commissions 2007 request to extend the current collection of information for Rule 17a-1 actually reflected the cost of the burden measured in hours and was, therefore, being double counted.
Annual Cost to Federal Government:
$0
Does this IC contain surveys, censuses, or employ statistical methods?
No
Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002?
No
Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]?
No
Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]?
No
Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)?
No
Is this ICR related to the Pandemic Response?
Uncollected
Agency Contact:
Sarah Schandler 202 551-7145
Common Form ICR:
No
On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
(a) It is necessary for the proper performance of agency functions;
(b) It avoids unnecessary duplication;
(c) It reduces burden on small entities;
(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;
(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;
(f) It indicates the retention periods for recordkeeping requirements;
(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control number;
(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.
(i) It uses effective and efficient statistical survey methodology (if applicable); and
(j) It makes appropriate use of information technology.
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.
Certification Date:
09/20/2010
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