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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:
3235-0078
ICR Reference No:
202002-3235-019
Status:
Historical Active
Previous ICR Reference No:
201703-3235-007
Agency/Subagency:
SEC
Agency Tracking No:
TM-270-173
Title:
Rule 15c3-3; Customer Protection - Reserves and Custody of Securities (17 CFR 240.15c3-3)
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:
10/02/2020
Retrieve Notice of Action (NOA)
Date Received in OIRA:
08/07/2020
Terms of Clearance:
Inventory as of this Action
Requested
Previously Approved
Expiration Date
10/31/2023
36 Months From Approved
11/30/2020
Responses
8,725,358
0
7,864,762
Time Burden (Hours)
722,091
0
555,596
Cost Burden (Dollars)
1,505,847
0
1,848,464
Abstract:
Rule 15c3-3 provides for the protection of customer funds and securities in the custody of a broker-dealer. The Rule sets forth standards for (i) a broker-dealer's acceptance, custody, and use of customer securities, and (ii) the maintenance of reserves with respect to customer deposits and monies obtained from the use of customer securities. Rule 15c3-3 also contains requirements for broker-dealers that hold security futures products for customers.
Authorizing Statute(s):
US Code:
15 USC 78b, 78c, 78o, 78o-4, 78q, 78w
Name of Law: Sections 2, 3, 15, 15B, 17 and 23 of the 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:
85 FR 30759
05/20/2020
30-day Notice:
Federal Register Citation:
Citation Date:
85 FR 47991
08/07/2020
Did the Agency receive public comments on this ICR?
No
Number of Information Collection (IC) in this ICR:
30
IC Title
Form No.
Form Name
NEW - Rule 15c3-3(p)(1) Special Accounts (One-Time)
NEW - Rule 15c3-3(p)(1) Special Accounts (Ongoing)
NEW - Rule 15c3-3(p)(3)(iii) - Customer Reserve Computation
NEW - Rule 15c3-3(p)(4)(i) - Counterparty Notice (One-Time)
NEW - Rule 15c3-3(p)(4)(i) - Counterparty Notice (One-Time)
NEW - Rule 15c3-3(p)(4)(i) - Counterparty Notice (Ongoing)
NEW - Rule 15c3-3(p)(4)(ii) - Subordination Agreements
NEW - Rule 15c3-3(p)(4)(ii) - Subordination Agreements
NEW - Rule 15c3-3(p)(4)(ii) - Subordination Agreements
NEW - Rule 15c3-3(p)(4)(ii) - Subordination Agreements (One-Time)
Reference Removal - Note G (annual)
Reference Removal - Note G (initial)
Rule 15c3-3 - amend/update PAB agreement
Rule 15c3-3(a)(16)
Rule 15c3-3(b)(5) - draft/update notice
Rule 15c3-3(b)(5) - notices to affected customers
Rule 15c3-3(e) - daily
Rule 15c3-3(e) - monthly
Rule 15c3-3(e) - updates
Rule 15c3-3(e) - weekly computations
Rule 15c3-3(e)(3) - daily computations
Rule 15c3-3(e)(3) - monthly
Rule 15c3-3(e)(3) - weekly
Rule 15c3-3(f) - notice
Rule 15c3-3(f) - obtain new letter
Rule 15c3-3(j)(1) - annual
Rule 15c3-3(j)(2) - annual
Rule 15c3-3(j)(2) - initial
Rule 15c3-3(o)(3)
Rules 15c3-3(o)(2)
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
8,725,358
7,864,762
0
0
860,596
0
Annual Time Burden (Hours)
722,091
555,596
0
0
166,495
0
Annual Cost Burden (Dollars)
1,505,847
1,848,464
0
0
-342,617
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:
Changes in burden are due to a variety of factors including a change in the number of broker-dealers and customer accounts subject to particular burdens, amortization of certain one-time burdens not previously annualized over three years, and the addition of new burdens associated with the 2019 amendments to Rule 15c3-3.
Annual Cost to Federal Government:
$0
Does this IC contain surveys, censuses, or employ statistical methods?
No
Does this ICR request any personally identifiable information (see
OMB Circular No. A-130
for an explanation of this term)? Please consult with your agency's privacy program when making this determination.
No
Does this ICR include a form that requires a Privacy Act Statement (see
5 U.S.C. §552a(e)(3)
)? Please consult with your agency's privacy program when making this determination.
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?
No
Agency Contact:
Nina Kostyukovsky 202 551-8833
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:
08/07/2020
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