View Information Collection Request (ICR) Package
Skip to main content
An official website of the United States government
The .gov means it's official.
Federal government websites often end in .gov or .mil. Before sharing sensitive information, make sure you're on a federal government site.
The site is secure.
The https:// ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely.
Search:
Agenda
Reg Review
ICR
This script is used to control the display of information in this page.
Display additional information by clicking on the following:
All
Brief and OIRA conclusion
Abstract/Justification
Legal Statutes
Rulemaking
FR Notices/Comments
IC List
Burden
Misc.
Common Form Info.
Certification
View Information Collection (IC) List
View Supporting Statement and Other Documents
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:
3235-0540
ICR Reference No:
201904-3235-005
Status:
Historical Active
Previous ICR Reference No:
201512-3235-012
Agency/Subagency:
SEC
Agency Tracking No:
TM-270-482
Title:
Rule 17a-25, Electronic Submission of Securities Trading Data by Exchange Members, Brokers, and Dealers.
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 with change
Conclusion Date:
09/10/2019
Retrieve Notice of Action (NOA)
Date Received in OIRA:
05/17/2019
Terms of Clearance:
Inventory as of this Action
Requested
Previously Approved
Expiration Date
09/30/2022
36 Months From Approved
09/30/2019
Responses
254,205
0
60,046
Time Burden (Hours)
34,577
0
8,116
Cost Burden (Dollars)
0
0
0
Abstract:
Rule 17a-25 sets forth the obligations of registered broker-dealers to submit securities trading data in electronic format upon request by the Commission for enforcement and other regulatory purposes.
Authorizing Statute(s):
US Code:
15 USC 78a et. seq.
Name of Law: Securities Exchange Act
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:
84 FR 9403
03/14/2019
30-day Notice:
Federal Register Citation:
Citation Date:
84 FR 22549
05/17/2019
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-25: Contact Info
Rule 17a-25: Manual Reporting
Rule 17a-25: Electronic Reporting
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
254,205
60,046
0
0
194,159
0
Annual Time Burden (Hours)
34,577
8,116
0
0
26,461
0
Annual Cost Burden (Dollars)
0
0
0
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 increases in burden reflect an increase in (1) the number of electronic EBS requests sent (13,493 versus 7,697 from the prior comparable 25-month figure reported in 2015); (2) an increase in the number of electronic responses received (528,551 versus 124,912 from the prior comparable 25-month figure reported in 2015); and (3) an increase in the number of manual responses received (500 versus 80 from the prior annual figure reported in 2015). In addition, there was a decrease in the burden hours resulting from the elimination of the previously reported 2-hour burden (8 broker-dealers x 15 minutes per year) to supply and update contact information in response to a Commission request. The Commission now uses the BSS system operated by FINRA to manage its EBS requests. Because FINRA already collects firm contact information, the Commission has reduced the potential for duplication and no longer needs to request this information. Therefore, we have removed this information collection. Accounting for all of these changes, the annual aggregate hour reporting burden has increased from 8,116 in 2015 to 34,577 currently. This increase reflects additional regulatory and enforcement inquiries and investigations using the EBS system, as well as the increased complexity of some of the trading activity involved in those inquiries that are contained in a higher number of multiple responses to a single request.
Annual Cost to Federal Government:
$1,136,640
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.
Yes
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:
Richard Holley 202 551-5614 holleyr@sec.gov
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:
05/17/2019
An official website of the United States government
The .gov means it's official.
The site is secure.
