Rule 15c3-3; Customer Protection - Reserves and Custody of Securities (17 CFR 240.15c3-3)

Forms and Documents

Document Name	Status
3235-0078.pdf Supplementary Document	2023-09-01
3235-0078.pdf Supplementary Document	2023-09-01
Rule 15c3-3 2023 Supporting Statement - DGL REVISED.pdf Supporting Statement A	2023-06-21
3235-0078 30 Day Notice.pdf Supplementary Document	2020-08-07
3235-0078 60 Day Notice.pdf Supplementary Document	2020-08-07

IC Document Collections

IC ID	Document Title	Status
241783	NEW - Rule 15c3-3(p)(4)(ii) - Subordination Agreements (One-Time)	Modified
241782	NEW - Rule 15c3-3(p)(4)(i) - Counterparty Notice (One-Time)	Modified
241781	NEW - Rule 15c3-3(p)(4)(ii) - Subordination Agreements	Modified
241780	NEW - Rule 15c3-3(p)(4)(ii) - Subordination Agreements	Modified
241779	NEW - Rule 15c3-3(p)(4)(ii) - Subordination Agreements	Modified
241778	NEW - Rule 15c3-3(p)(4)(i) - Counterparty Notice (Ongoing)	Modified
241777	NEW - Rule 15c3-3(p)(4)(i) - Counterparty Notice (One-Time)	Modified
241776	NEW - Rule 15c3-3(p)(3)(iii) - Customer Reserve Computation	Modified
241775	NEW - Rule 15c3-3(p)(1) Special Accounts (Ongoing)	Modified
241774	NEW - Rule 15c3-3(p)(1) Special Accounts (One-Time)	Modified
226411	Rule 15c3-3(e) - daily	Modified
226410	Rule 15c3-3(e) - monthly	Modified
226409	Rule 15c3-3(e) - weekly computations	Modified
226408	Rule 15c3-3(e) - updates	Modified
226407	Rule 15c3-3(e)(3) - monthly	Modified
226406	Rule 15c3-3(e)(3) - weekly	Modified
226405	Rule 15c3-3(e)(3) - daily computations	Modified
226404	Rules 15c3-3(o)(2)	Modified
211253	Reference Removal - Note G (initial)	Modified
211252	Reference Removal - Note G (annual)	Modified
208490	Rule 15c3-3(j)(2) - initial	Modified
208489	Rule 15c3-3(j)(2) - annual	Modified
208487	Rule 15c3-3(j)(1) - annual	Modified
208483	Rule 15c3-3 - amend/update PAB agreement	Modified
208482	Rule 15c3-3(b)(5) - notices to affected customers	Modified
208481	Rule 15c3-3(b)(5) - draft/update notice	Modified
208480	Rule 15c3-3(a)(16)	Modified
208479	Rule 15c3-3(o)(3)	Modified
208478	Rule 15c3-3(f) - notice	Modified
208477	Rule 15c3-3(f) - obtain new letter	Modified

ICR Details

OMB Control No: 3235-0078	ICR Reference No: 202306-3235-015
Status: Received in OIRA	Previous ICR Reference No: 202002-3235-019
Agency/Subagency: SEC	Agency Tracking No: TM-270-173
Title: Rule 15c3-3; Customer Protection - Reserves and Custody of Securities (17 CFR 240.15c3-3)
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular	Date Submitted to OIRA: 09/01/2023

	Requested	Previously Approved
Expiration Date	36 Months From Approved	10/31/2023
Responses	16,596,965	8,725,358
Time Burden (Hours)	1,129,005	722,091
Cost Burden (Dollars)	3,530,101	1,505,847

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Abstract: Rule 15c3-3 provides for the protection of customer funds and securities in the custody of a broker-dealer. The Rule sets forth standards for (i) a broker-dealer's acceptance, custody, and use of customer securities, and (ii) the maintenance of reserves with respect to customer deposits and monies obtained from the use of customer securities. Rule 15c3-3 also contains requirements for broker-dealers that hold security futures products for customers.

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Authorizing Statute(s): US Code: 15 USC 78b, 78c, 78o, 78o-4, 78q, 78w Name of Law: Sections 2, 3, 15, 15B, 17 and 23 of the Securities Exchange Act of 1934.
  

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:
	88 FR 41692	06/27/2023
30-day Notice:	Federal Register Citation:	Citation Date:
	88 FR 60521	09/01/2023
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 30

IC Title	Form No.	Form Name
NEW - Rule 15c3-3(p)(1) Special Accounts (One-Time)
NEW - Rule 15c3-3(p)(1) Special Accounts (Ongoing)
NEW - Rule 15c3-3(p)(3)(iii) - Customer Reserve Computation
NEW - Rule 15c3-3(p)(4)(i) - Counterparty Notice (One-Time)
NEW - Rule 15c3-3(p)(4)(i) - Counterparty Notice (One-Time)
NEW - Rule 15c3-3(p)(4)(i) - Counterparty Notice (Ongoing)
NEW - Rule 15c3-3(p)(4)(ii) - Subordination Agreements
NEW - Rule 15c3-3(p)(4)(ii) - Subordination Agreements
NEW - Rule 15c3-3(p)(4)(ii) - Subordination Agreements
NEW - Rule 15c3-3(p)(4)(ii) - Subordination Agreements (One-Time)
Reference Removal - Note G (annual)
Reference Removal - Note G (initial)
Rule 15c3-3 - amend/update PAB agreement
Rule 15c3-3(a)(16)
Rule 15c3-3(b)(5) - draft/update notice
Rule 15c3-3(b)(5) - notices to affected customers
Rule 15c3-3(e) - daily
Rule 15c3-3(e) - monthly
Rule 15c3-3(e) - updates
Rule 15c3-3(e) - weekly computations
Rule 15c3-3(e)(3) - daily computations
Rule 15c3-3(e)(3) - monthly
Rule 15c3-3(e)(3) - weekly
Rule 15c3-3(f) - notice
Rule 15c3-3(f) - obtain new letter
Rule 15c3-3(j)(1) - annual
Rule 15c3-3(j)(2) - annual
Rule 15c3-3(j)(2) - initial
Rule 15c3-3(o)(3)
Rules 15c3-3(o)(2)

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ICR Summary of Burden

	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	16,596,965	8,725,358	0	0	7,871,607	0
Annual Time Burden (Hours)	1,129,005	722,091	0	0	406,914	0
Annual Cost Burden (Dollars)	3,530,101	1,505,847	0	0	2,024,254	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 changes in burden are due to a variety of factors including a change in the number of broker-dealers and customer accounts subject to particular burdens, elimination of certain amortization of certain initial one-time burdens, and an increase in the cost of postage and outside counsel. See supporting statement for more details.

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Annual Cost to Federal Government: $0

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.     No

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? No

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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: 09/01/2023

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