Rule 15c2-1; Hypothecation of Customer Securities

ICR 201710-3235-009

OMB: 3235-0485

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2018-04-11
IC Document Collections
IC ID
Document
Title
Status
35226
Modified
ICR Details
3235-0485 201710-3235-009
Active 201409-3235-028
SEC TM-270-418
Rule 15c2-1; Hypothecation of Customer Securities
Extension without change of a currently approved collection   No
Regular
Approved without change 05/24/2018
Retrieve Notice of Action (NOA) 04/11/2018
  Inventory as of this Action Requested Previously Approved
05/31/2021 36 Months From Approved 05/31/2018
3,555 0 2,745
1,777 0 1,372
0 0 0

Rule 15c2-1 prohibits the commingling under the same lien of securities of margin customers (a) with other customers without their written consent and (b) with the broker or dealer. The rule also prohibits the rehypothecation of customer margin securities for a sum in excess of the customers' aggregate indebtedness.

US Code: 15 USC 78o(c)(3), 78w(a) Name of Law: Sections 15(c)(3) and 23(a) of the Securities Exchange Act of 1934
  
None

Not associated with rulemaking

  82 FR 50477 10/31/2017
83 FR 2283 01/16/2018
No

1
IC Title Form No. Form Name
Rule 15c2-1; Hypothecation of Customer Securities.

  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 3,555 2,745 0 0 810 0
Annual Time Burden (Hours) 1,777 1,372 0 0 405 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
The changes in burden are due to an increase in the estimated number of respondents from 61 to 79.

$0
No
    No
    No
No
No
No
Uncollected
Nina Kostyukovsky 202 551-8833

  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.
04/11/2018


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