Rule 248.30; 17 C.F.R Sec. 248.30, Information security programs for personal information; records of compliance.

Forms and Documents

Document Name	Status
Form SEC 0000 Rule 248.30; 17 C.F.R Sec. 248.30, Information security programs for personal information; records of compliance Form	Modified
17cfr248.30.pdf Supplementary Document	2007-06-06
Rule 248.39 SS.doc Supporting Statement A	2007-06-06

IC Document Collections

IC ID	Document Title	Status
35473	Rule 248.30; 17 C.F.R Sec. 248.30, Information security programs for personal information; records of compliance Form	Modified

ICR Details

OMB Control No: 3235-0610	ICR Reference No: 200803-3235-016
Status: Historical Inactive	Previous ICR Reference No: 200703-3235-001
Agency/Subagency: SEC	Agency Tracking No: 270-549
Title: Rule 248.30; 17 C.F.R Sec. 248.30, Information security programs for personal information; records of compliance.
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Comment filed on proposed rule and continue	Conclusion Date: 06/06/2008
	Date Received in OIRA: 03/20/2008
Terms of Clearance: Pursuant to 5 CFR 1320.11(c), OMB files this comment on this information collection request (ICR). In accordance with 5 CFR 1320, OMB is withholding approval at this time. The agency shall examine public comment in response to the NPRM and will include in the supporting statement of the next ICR--to be submitted to OMB at the final rule stage--a description of how the agency has responded to any public comments on the ICR, including comments on maximizing the practical utility of the collection and minimizing the burden. This action has no effect on any current approvals.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	11/30/2010	36 Months From Approved	11/30/2010
Responses	2,529	0	2,529
Time Burden (Hours)	91,575	0	91,575
Cost Burden (Dollars)	0	0	0

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Abstract: Rule 248.30 under Regulation S-P requires covered institutions to develop, implement, and maintain a comprehensive information security program, including written policies and procedures that provide administrative, technical, and physical safeguards for protecting personal information, and for responding to unauthorized access to or use of personal information. The rule also requires that covered institutions that maintain or possess personal information for a business purpose to take reasonable measures to protect against unauthorized access to or use of the information in connection with its disposal.

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Authorizing Statute(s): US Code: 15 USC 1681w(a)(1) Name of Law: Fair Credit Reporting Act
   US Code: 15 USC 78q, 78q-1, 78w, 78mm Name of Law: Securities Exchange Act of 1934
   US Code: 15 USC 80a-30(a), 37 Name of Law: Investment Company Act of 1940
   US Code: 15 USC 6801-6809, 6825 Name of Law: Gramm-Leach-Bliley Act
   US Code: 15 USC 80b-4, 11 Name of Law: Investment Advisers Act
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
3235-AK08	Proposed rulemaking	73 FR 13692	03/13/2008

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Federal Register Notices & Comments

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 248.30; 17 C.F.R Sec. 248.30, Information security programs for personal information; records of compliance	SEC 0000	Form SP-30

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Burden increases because of Program Change due to Agency Discretion: Yes

Burden Increase Due to: Changing Regulations

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: The Commission proposed amendments to Regulation S-P that would set forth more specific requirements for safeguarding information and responding to information security breaches, and broaden the scope of the information covered by Regulation S-P’s safeguarding and disposal provisions.

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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: 03/20/2008

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