View Information Collection Request (ICR) Package

OMB Control No: 3235-0435	ICR Reference No: 202103-3235-006
Status: Historical Active	Previous ICR Reference No: 200402-3235-005
Agency/Subagency: SEC	Agency Tracking No:
Title: Customer Account Statements (17 CFR 242.607)
Type of Information Collection: Reinstatement with change of a previously approved collection	Common Form ICR: No
Type of Review Request: Emergency	Approval Requested By: 04/26/2021
OIRA Conclusion Action: Approved with change	Conclusion Date: 06/02/2021
	Date Received in OIRA: 04/14/2021
Terms of Clearance: Added information about public comment to emergency justification memo. Provided brief explanation for estimated number of burden hours per respondent.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	12/31/2021	6 Months From Approved
Responses	183,511,801	0	0
Time Burden (Hours)	144,679	0	0
Cost Burden (Dollars)	0	0	0

Abstract: Rule 607 requires disclosure on each new account and on a yearly basis thereafter, on the annual statement, the firm's policies regarding receipt of payment for order flow from any market makers, exchanges or exchange members to which it routes customers' orders in national market system securities for executions; and information regarding the aggregate amount of monetary payments, discounts, rebated or reduction in fees received by the firm over the past year. Regarding the emergency reinstatement: The Commission and staff participate in ongoing dialogue with representatives of various market participants through public conferences, meetings, and informal exchanges. However, because the Commission is requesting a reinstatement of a previously approved information collection on an emergency basis, the Commission has not yet specifically solicited comments on this information collection. If reinstatement is granted, the Commission will publish a notice soliciting comments in the Federal Register prior to seeking an extension of the term of the information collection.

Emergency Justfication: Commission staff inadvertently and mistakenly discontinued the OMB Control Number associated with these information collection requirements on October 31, 2006 following the re-numbering of the rule with the adoption of Regulation NMS – an error that was only recently discovered. An emergency reinstatement would prevent the disruption of normal collection efforts pursuant to Rule 607, which are still in force. We have attached a justification memo to this submission that provides additional details.

Authorizing Statute(s): US Code: 15 USC 78a et seq Name of Law: Securities and 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
Did the Agency receive public comments on this ICR? No

Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
Customer Account Statements (17 CFR 242.607)

ICR Summary of Burden

	Total Approved	Change Due to Potential Violation of the PRA
Annual Number of Responses	183,511,801	183,511,801
Annual Time Burden (Hours)	144,679	144,679
Annual Cost Burden (Dollars)	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:

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: Geoffrey Pemble 202 551-5628 pembleg@sec.gov

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