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View ICR - OIRA Conclusion

OMB Control No: 3235-0610	ICR Reference No: 201603-3235-002
Status: Historical Active	Previous ICR Reference No: 201304-3235-016
Agency/Subagency: SEC	Agency Tracking No: IM-270-549
Title: Rule 248.30; 17 C.F.R Sec. 248.30, Procedures to safegard customer records and information; disposal of consumer report information.
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: 11/10/2016
Retrieve Notice of Action (NOA)	Date Received in OIRA: 09/14/2016
Terms of Clearance: The explanation entered into ROCIS addressed the decrease in the burden hours as being "from 87,460 hours to 42,750 hours," which conflicted with the data entered into the ROCIS form above it (reflecting a change from 42,750 to 34,200 hours). The burden hours described in detail in the supporting statement are 34,200, with a change from 42,750 to 34,200. This information collection approval is therefore based on the 42,750-34,200 change numbers and supporting rationale and data contained in the supporting statement.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	11/30/2019	36 Months From Approved	11/30/2016
Responses	20,173	0	20,556
Time Burden (Hours)	34,200	0	42,750
Cost Burden (Dollars)	0	0	0

ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to Adjustment in Estimate
Annual Number of Responses	20,173	20,556	-383
Annual Time Burden (Hours)	34,200	42,750	-8,550
Annual Cost Burden (Dollars)	0	0	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 decrease in estimated total annual burden hours from 87,460 hours to 42,750 hours reflects the elimination of the staff’s estimated hourly burden for entities that update their policies and procedures under the rule, because such updates are not considered to be part of the compliance burden of the rule. The decrease is also attributable to a decrease in the staff’s estimated hourly burden for entities that adopt new policies and procedures under the rule.