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View ICR - OIRA Conclusion

OMB Control No: 3235-0766	ICR Reference No: 202511-3235-004
Status: Active	Previous ICR Reference No: 202211-3235-002
Agency/Subagency: SEC	Agency Tracking No: TM
Title: Rule 17a-14 and Form CRS under the Exchange Act
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: 03/30/2026
	Date Received in OIRA: 01/30/2026
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	03/31/2029	36 Months From Approved	04/30/2026
Responses	9,075	0	2,550
Time Burden (Hours)	7,424,299	0	6,098,916
Cost Burden (Dollars)	142,554	0	181,194

Authorizing Statute(s): PL: Pub.L. 111 - 203 913(f) Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act
   US Code: 15 USC 78j Name of Law: Securities Exchange Act of 1934
   US Code: 15 USC 78q Name of Law: Securities Exchange Act of 1934
   US Code: 15 USC 78o Name of Law: Securities Exchange Act of 1934
   US Code: 15 USC 78c Name of Law: Securities Exchange Act of 1934
   US Code: 15 USC 78w Name of Law: Securities Exchange Act of 1934
   US Code: 15 USC 78mm Name of Law: Securities Exchange Act of 1934

Citations for New Statutory Requirements: US Code: 15 USC 80b Name of Law: Investment Advisers Act of 1940
US Code: 15 USC 78a Name of Law: Securities Exchange Act of 1934

ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to Adjustment in Estimate
Annual Number of Responses	9,075	2,550	6,525
Annual Time Burden (Hours)	7,424,299	6,098,916	1,325,383
Annual Cost Burden (Dollars)	142,554	181,194	-38,640

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: Even though the Commission has decreased its estimate of currently registered broker-dealers from 2,550 to 2,234 and each of these existing registered broker-dealers has already incurred its one-time initial hour burdens, the total burden has increased from 6,098,916 to 7,424,299. The increase in hour burden is due to growth in the customer base of broker-dealers with retail activity, as well as an increase in the number of retail customer accounts. The estimated annual cost burden decreased from $181,194 to $142,554 because the Commission estimates that only about 138 new registrants will incur initial start-up costs over the next three years. We zeroed out the old IC because it aggregated the burdens instead of breaking them out. We believe this version more accurately reflects the burden.

Annual Cost to Federal Government:

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: Daniel Fisher 202 551-5931

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