Rule 15Ba2-6T and Form MA-T-Temporary Registration of Municipal Advisors

Forms and Documents

Document Name	Status
Form Form MA-T Form MA-T Form	Modified
Form_MA-T_PRA_Extension_Supporting_Statement 11 2013.doc v2.pdf Supporting Statement A	2014-02-03

IC Document Collections

IC ID	Document Title	Status
194469	Form MA-T	Modified
194303	Form MA-T Form	Modified

ICR Details

OMB Control No: 3235-0659	ICR Reference No: 201312-3235-002
Status: Historical Active	Previous ICR Reference No: 201011-3235-008
Agency/Subagency: SEC	Agency Tracking No: TM-270-618
Title: Rule 15Ba2-6T and Form MA-T-Temporary Registration of Municipal Advisors
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 without change	Conclusion Date: 06/25/2014
	Date Received in OIRA: 03/06/2014
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	06/30/2017	36 Months From Approved	06/30/2014
Responses	1,350	0	2,000
Time Burden (Hours)	875	0	3,000
Cost Burden (Dollars)	37,900	0	400,000

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Abstract: The primary purpose of Rule 15Ba2-6T is to provide information about municipal advisors to investors and issuers, as well as the Commission pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act. Rule 15Ba2-6T requires municipal advisors, as defined in Section 15B(e)(4) of the Exchange Act (15 U.S.C. 78o-4(e)(4)), to electronically file with the Commission on the Commission's website, the information set forth in Form MA-T (17 CFR 249.1300T) to temporarily register or withdraw from temporary registration. The temporary rule will expire Dec. 31, 2014.

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Authorizing Statute(s): US Code: 15 USC 78o-4 Name of Law: Securities Exchange Act of 1934
  

Citations for New Statutory Requirements: PL: Pub.L. 111 - 203 975 Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act

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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:
	78 FR 77175	12/20/2013
30-day Notice:	Federal Register Citation:	Citation Date:
	79 FR 10210	02/24/2014
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
Form MA-T	Form MA-T	Form MA-T
Form MA-T

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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	1,350	2,000	0	0	-650	0
Annual Time Burden (Hours)	875	3,000	0	0	-2,125	0
Annual Cost Burden (Dollars)	37,900	400,000	0	0	-362,100	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 annual time burden has been reduced because Commission staff believes most municipal advisors have already registered using Form MA-T. Approximately 1,150 municipal advisors have already registered and Commission staff estimates that approximately 100 new municipal advisors will file Form MA-T during the period January 1, 2014 through December 31, 2014. Additionally, Commission staff estimates that each of these 1,250 municipal advisors will amend (or withdraw) their Form MA-T once during the period from January 1, 2014 through December 31, 2014.

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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]? No

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

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: 03/06/2014

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