Rule 17a-25, Electronic Submission of Securities Trading Data by Exchange Members, Brokers, and Dealers.

Forms and Documents

Document Name	Status
2019 Supporting Statement 17a-25 - revised.pdf Supporting Statement A	2019-09-09

IC Document Collections

IC ID	Document Title	Status
35354	Rule 17a-25: Electronic Reporting	Modified
190768	Rule 17a-25: Manual Reporting	Modified
190767	Rule 17a-25: Contact Info	Removed

ICR Details

OMB Control No: 3235-0540	ICR Reference No: 201904-3235-005
Status: Active	Previous ICR Reference No: 201512-3235-012
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 with change	Conclusion Date: 09/10/2019
	Date Received in OIRA: 05/17/2019
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	09/30/2022	36 Months From Approved	09/30/2019
Responses	254,205	0	60,046
Time Burden (Hours)	34,577	0	8,116
Cost Burden (Dollars)	0	0	0

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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.

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Authorizing Statute(s): US Code: 15 USC 78a et. seq. Name of Law: Securities Exchange Act
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	84 FR 9403	03/14/2019
30-day Notice:	Federal Register Citation:	Citation Date:
	84 FR 22549	05/17/2019
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 2

IC Title	Form No.	Form Name
Rule 17a-25: Electronic Reporting
Rule 17a-25: Manual Reporting
Rule 17a-25: Contact Info

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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	254,205	60,046	0	0	194,159	0
Annual Time Burden (Hours)	34,577	8,116	0	0	26,461	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: The increases in burden reflect an increase in (1) the number of electronic EBS requests sent (13,493 versus 7,697 from the prior comparable 25-month figure reported in 2015); (2) an increase in the number of electronic responses received (528,551 versus 124,912 from the prior comparable 25-month figure reported in 2015); and (3) an increase in the number of manual responses received (500 versus 80 from the prior annual figure reported in 2015). In addition, there was a decrease in the burden hours resulting from the elimination of the previously reported 2-hour burden (8 broker-dealers x 15 minutes per year) to supply and update contact information in response to a Commission request. The Commission now uses the BSS system operated by FINRA to manage its EBS requests. Because FINRA already collects firm contact information, the Commission has reduced the potential for duplication and no longer needs to request this information. Therefore, we have removed this information collection. Accounting for all of these changes, the annual aggregate hour reporting burden has increased from 8,116 in 2015 to 34,577 currently. This increase reflects additional regulatory and enforcement inquiries and investigations using the EBS system, as well as the increased complexity of some of the trading activity involved in those inquiries that are contained in a higher number of multiple responses to a single request.

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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? Uncollected

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Common Form ICR:  No

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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: 05/17/2019

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