View Information Collection Request (ICR) Package
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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:
3235-0540
ICR Reference No:
202205-3235-014
Status:
Historical Active
Previous ICR Reference No:
201904-3235-005
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 without change
Conclusion Date:
10/27/2022
Retrieve Notice of Action (NOA)
Date Received in OIRA:
08/16/2022
Terms of Clearance:
Inventory as of this Action
Requested
Previously Approved
Expiration Date
10/31/2025
36 Months From Approved
10/31/2022
Responses
223,178
0
254,205
Time Burden (Hours)
29,924
0
34,577
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:
87 FR 35586
06/10/2022
30-day Notice:
Federal Register Citation:
Citation Date:
87 FR 50361
08/16/2022
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: 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
223,178
254,205
0
0
-31,027
0
Annual Time Burden (Hours)
29,924
34,577
0
0
-4,653
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:
Although the number of unique EBS requests sent increased slightly (6,779 annual average versus 6,477 annual average from the prior comparable 25-month figure reported in 2018), the annual aggregate hour reporting burden decreased overall. The decreases in burden reflect a decrease in (1) the number of electronic responses received (223,057 annual average versus 253,705 annual average from the prior comparable 25-month figure reported in 2018); and (2) the number of manual responses received (122 annual average versus 500 annual average from the prior annual figure reported in 2018). Accounting for all of these changes, the annual aggregate hour reporting burden has decreased from 34,577 in 2018 to 29,924 currently. This decrease reflects the changing regulatory and enforcement inquiries and investigations using the EBS system. The number of annual requests sent increased slightly, however, the number of responses decreased, indicating the nature of trading activity involved in those inquiries contained in a lower 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?
No
Agency Contact:
Kathleen Gross 202 551-5305
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:
08/16/2022
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