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
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.