Rule 248.30; 17 C.F.R Sec. 248.30, Procedures to safegard customer records and information; disposal of consumer report information.

ICR 201603-3235-002

OMB: 3235-0610

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2016-09-14
ICR Details
3235-0610 201603-3235-002
Historical Active 201304-3235-016
SEC IM-270-549
Rule 248.30; 17 C.F.R Sec. 248.30, Procedures to safegard customer records and information; disposal of consumer report information.
Extension without change of a currently approved collection   No
Regular
Approved without change 11/10/2016
Retrieve Notice of Action (NOA) 09/14/2016
The explanation entered into ROCIS addressed the decrease in the burden hours as being "from 87,460 hours to 42,750 hours," which conflicted with the data entered into the ROCIS form above it (reflecting a change from 42,750 to 34,200 hours). The burden hours described in detail in the supporting statement are 34,200, with a change from 42,750 to 34,200. This information collection approval is therefore based on the 42,750-34,200 change numbers and supporting rationale and data contained in the supporting statement.
  Inventory as of this Action Requested Previously Approved
11/30/2019 36 Months From Approved 11/30/2016
20,173 0 20,556
34,200 0 42,750
0 0 0

Rule 248.30(a) requires broker-dealers, investment companies, and investment advisers registered with the Commission to document in writing policies and procedures to safeguard customer records and information.

US Code: 15 USC 6801 Name of Law: Gramm-Leach-Bliley Act
  
None

Not associated with rulemaking

  81 FR 14152 03/16/2016
81 FR 34387 05/31/2016
No

  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 20,173 20,556 0 0 -383 0
Annual Time Burden (Hours) 34,200 42,750 0 0 -8,550 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
The decrease in estimated total annual burden hours from 87,460 hours to 42,750 hours reflects the elimination of the staff’s estimated hourly burden for entities that update their policies and procedures under the rule, because such updates are not considered to be part of the compliance burden of the rule. The decrease is also attributable to a decrease in the staff’s estimated hourly burden for entities that adopt new policies and procedures under the rule.

$0
No
No
No
No
No
Uncollected
James Maclean 202 551-7794

  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:
 
 
 
 
 
 
 
    (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;
 
 
 
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.
09/14/2016


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