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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:
3235-0703
ICR Reference No:
201503-3235-004
Status:
Historical Active
Previous ICR Reference No:
201306-3235-001
Agency/Subagency:
SEC
Agency Tracking No:
TM-270-653
Title:
Regulation SCI and Form SCI
Type of Information Collection:
New collection (Request for a new OMB Control Number)
Common Form ICR:
No
Type of Review Request:
Regular
OIRA Conclusion Action:
Approved without change
Conclusion Date:
09/15/2015
Retrieve Notice of Action (NOA)
Date Received in OIRA:
05/21/2015
Terms of Clearance:
Inventory as of this Action
Requested
Previously Approved
Expiration Date
09/30/2018
36 Months From Approved
Responses
14,156
0
0
Time Burden (Hours)
302,019
0
0
Cost Burden (Dollars)
7,024,612
0
0
Abstract:
Regulation SCI would update and formalize a regulatory framework for ensuring that the U.S. securities trading markets develop and maintain systems with adequate capacity, integrity, resiliency, availability, and security, and reinforce the requirement that such systems operate in compliance with relevant laws and rules.
Authorizing Statute(s):
US Code:
15 USC 78a et seq
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:
3235-AL43
Final or interim final rulemaking
79 FR 72251
12/05/2014
Federal Register Notices & Comments
Did the Agency receive public comments on this ICR?
Yes
Number of Information Collection (IC) in this ICR:
15
IC Title
Form No.
Form Name
Access to EFFS - EAUF
Access to EFFS - digital ID
Corrective action required by Rule 1002(a)
Dissemination of information required by Rule 1002(c)
Identification of critical SCI systems, major SCI events, de minimis SCI events, and material systems changes
Mandate participation in certain testing for non-plan processors required by Rule 1004
Mandate participation in certain testing for plan processors required by Rule 1004
Material systems change notice required by Rule 1003(a)
Form SCI
Form SCi
Policies and procedures required by Rule 1001(a)
Policies and procedures required by Rule 1001(b)
Policies and procedures required by Rule 1001(c)
Recordkeeping required by Rules 1005 and 1007
SCI event notice required by Rule 1002(b)
Form SCI
Form SCI
SCI review required by Rule 1003(b)(1) and (b)(2)
Form SCI
Form SCI
SCI review required by Rule 1003(b)(3)
Form SCI
Form SCI
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
14,156
0
0
14,156
0
0
Annual Time Burden (Hours)
302,019
0
0
302,019
0
0
Annual Cost Burden (Dollars)
7,024,612
0
0
7,024,612
0
0
Burden increases because of Program Change due to Agency Discretion:
Yes
Burden Increase Due to:
Changing Regulations
Burden decreases because of Program Change due to Agency Discretion:
No
Burden Reduction Due to:
Short Statement:
As adopted, certain requirements of the rules were removed resulting in a decreased burden. However, an increase in burden for certain rules has also occurred upon consideration of commenters' suggestions that the Commission had underestimated the required burden hours in various provisions of the rules.
Annual Cost to Federal Government:
$420,000
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:
Dhawal Sharma 202 551-5779
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:
05/21/2015