Customer Account Statements (17 CFR 242.607)

ICR 202204-3235-009

OMB: 3235-0435

Federal Form Document

Forms and Documents
Document
Name
Status
Supplementary Document
2022-04-21
Supporting Statement A
2021-06-02
IC Document Collections
IC ID
Document
Title
Status
35112
Unchanged
ICR Details
3235-0435 202204-3235-009
Received in OIRA 202103-3235-006
SEC
Customer Account Statements (17 CFR 242.607)
Reinstatement without change of a previously approved collection   No
Emergency 04/28/2022
04/21/2022
  Requested Previously Approved
6 Months From Approved
183,511,801 0
144,679 0
0 0

Rule 607 requires disclosure on each new account and on a yearly basis thereafter, on the annual statement, the firm's policies regarding receipt of payment for order flow from any market makers, exchanges or exchange members to which it routes customers' orders in national market system securities for executions; and information regarding the aggregate amount of monetary payments, discounts, rebated or reduction in fees received by the firm over the past year. Regarding the emergency reinstatement: The Commission and staff participate in ongoing dialogue with representatives of various market participants through public conferences, meetings, and informal exchanges. However, because the Commission is requesting a reinstatement of a previously approved information collection on an emergency basis, the Commission has not yet specifically solicited comments on this information collection. If reinstatement is granted, the Commission will publish a notice soliciting comments in the Federal Register prior to seeking an extension of the term of the information collection.
This OMB number was previously reinstated just last year. However, due to an issue with our internal tracking system, it was inadvertently allowed to expire. We are requesting emergency approval so that the number may be reinstated while we work on the extension. We have reviewed the burden estimates and Supporting Statement that were previously submitted and we do not have any changes. In addition, we have attached a separate memo to request the emergency reinstatement.

US Code: 15 USC 78a et seq Name of Law: Securities and Exchange Act of 1934
  
None

Not associated with rulemaking

No

1
IC Title Form No. Form Name
Customer Account Statements (17 CFR 242.607)

  Total Request 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 183,511,801 0 0 0 0 183,511,801
Annual Time Burden (Hours) 144,679 0 0 0 0 144,679
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

$0
No
    No
    No
No
No
No
No
Geoffrey Pemble 202 551-5628 pembleg@sec.gov

  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.
04/21/2022


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