Rule 17a-4(b)(11); Records to be preserved by certain exchange members, brokers and dealers.

Forms and Documents

Document Name	Status
Rule 17a-4(b)(11) Justification.doc Supporting Statement A	2007-11-27

IC Document Collections

IC ID	Document Title	Status
35278	Rule 17a-4(b)(11); Records to be preserved by certain exchange members, brokers and dealers.	Modified

ICR Details

OMB Control No: 3235-0506	ICR Reference No: 200709-3235-009
Status: Historical Active	Previous ICR Reference No: 200409-3235-004
Agency/Subagency: SEC	Agency Tracking No: 270-449
Title: Rule 17a-4(b)(11); Records to be preserved by certain exchange members, brokers and dealers.
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 02/20/2008
	Date Received in OIRA: 11/27/2007
Terms of Clearance: In its next submission, the agency should remove the cost burdens because they are a monetization of the burden hours. The agency is reminded to avoid such double-counting of burden in the future.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	02/28/2011	36 Months From Approved	02/29/2008
Responses	105	0	105
Time Burden (Hours)	315	0	315
Cost Burden (Dollars)	28,350	0	0

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Abstract: Rule 17a-4, which took effect in 1940, requires broker-dealers to preserve certain books and records for prescribed periods of time. Rule 17a-4(b)(11) requires preservation of all notices relating to an internal broker-dealer system provided to the customers of the broker or dealer that sponsors such internal broker-dealer system.

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Authorizing Statute(s): US Code: 15 USC 78o(a), 78o(b), 78q(a), and 78 Name of Law: Sections 15(a), 15(b), 17(a) and 23(a) 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:
	72 FR 53609	09/19/2007
30-day Notice:	Federal Register Citation:	Citation Date:
	72 FR 66200	11/27/2007
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
Rule 17a-4(b)(11); Records to be preserved by certain exchange members, brokers and dealers.

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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	105	105	0	0	0	0
Annual Time Burden (Hours)	315	315	0	0	0	0
Annual Cost Burden (Dollars)	28,350	0	0	28,350	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:

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Annual Cost to Federal Government: $0

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? Uncollected

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? Uncollected

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? Uncollected

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: 11/27/2007

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