Rules 15Ba1-1 to 15Ba1-8 - Registration of Municipal Advisors

Forms and Documents

Document Name	Status
Form Form MA-NR Form MA-NR: Designation of U.S. Agent for Service of Process Form	Modified
Form Form MA-W Form MA-W: Notice of Withdrawal from Registration as a Municipal Advisor Form	Modified
Form Form MA Rule 15Ba1-4: Amendments to Application for Registration and Self-Certification Form	Removed
Form Form MA-I Form MA-I: Application for Municipal Advisor Registration for Natural Persons Form	Modified
Form Form MA Form MA: Application for Municipal Advisor Registration Form	Modified
Rules_15Ba1-1_to_15Ba1-8_PRA_-_Supporting_Statement_1-31-14_FINAL.pdf Supporting Statement A	2014-02-05
EDGAR PIA_Redacted.pdf Supplementary Document	2014-02-04

IC Document Collections

IC ID	Document Title	Status
210288	Rule 15Ba1-1(m)(3): Exception to Definition of Proceeds of Municipal Securities	New
210287	Rule 15Ba1-1(h)(2): Exception to Definition of Municipal Escrow Investments	New
210286	Rule 15Ba1-1(d)(3)(vi): Exemption When a Municipal Entity or Obligated Person is Represented by an Independent Registered Municipal Advisor	New
210285	Consent to Service of Process from Certain Associated Persons	New
196939	Rule 15Ba1-8: Books and Records to be Made and Maintained by Municipal Advisors	Modified
196938	Form MA-NR: Designation of U.S. Agent for Service of Process Form	Modified
196937	Form MA-W: Notice of Withdrawal from Registration as a Municipal Advisor Form	Modified
196936	Rule 15Ba1-4: Amendments to Application for Registration and Self-Certification Form	Removed
196935	Form MA-I: Application for Municipal Advisor Registration for Natural Persons Form	Modified
196934	Form MA: Application for Municipal Advisor Registration Form	Modified

ICR Details

OMB Control No: 3235-0681	ICR Reference No: 201402-3235-004
Status: Historical Active	Previous ICR Reference No: 201103-3235-015
Agency/Subagency: SEC	Agency Tracking No: TM-270-638
Title: Rules 15Ba1-1 to 15Ba1-8 - Registration of Municipal Advisors
Type of Information Collection: New collection (Request for a new OMB Control Number)	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved with change	Conclusion Date: 02/05/2014
	Date Received in OIRA: 02/05/2014
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	02/28/2017	36 Months From Approved
Responses	6,062	0	0
Time Burden (Hours)	198,660	0	0
Cost Burden (Dollars)	149,200	0	0

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Abstract: The Securities and Exchange Commission ("Commission") is adopting new rules 15Ba1-1 through 15Ba1-8, new Rule 15Bc4-1, and new Forms MA, MA-I, MA-W, and MA-NR under the Securities Exchange Act of 1934. These rules and forms are designed to give effect to provisions of Title IX of the Dodd-Frank Act that, among other things, would establish a permanent registration regime with the Commission for municipal advisors and would impose certain record-keeping requirements on such advisors.

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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:
3235-AK86	Final or interim final rulemaking	78 FR 67468	11/12/2013

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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: 9

IC Title	Form No.	Form Name
Form MA-I: Application for Municipal Advisor Registration for Natural Persons	Form MA-I	Form MA-I
Form MA-W: Notice of Withdrawal from Registration as a Municipal Advisor	Form MA-W	Form MA-W
Form MA-NR: Designation of U.S. Agent for Service of Process	Form MA-NR	Form MA-NR
Rule 15Ba1-8: Books and Records to be Made and Maintained by Municipal Advisors
Form MA: Application for Municipal Advisor Registration	Form MA	Form MA
Consent to Service of Process from Certain Associated Persons
Rule 15Ba1-1(d)(3)(vi): Exemption When a Municipal Entity or Obligated Person is Represented by an Independent Registered Municipal Advisor
Rule 15Ba1-1(h)(2): Exception to Definition of Municipal Escrow Investments
Rule 15Ba1-4: Amendments to Application for Registration and Self-Certification	Form MA Execution Page, Form MA, Form MA-I	Form MA ,   Form MA-I ,   Form MA Execution Page
Rule 15Ba1-1(m)(3): Exception to Definition of Proceeds of Municipal Securities

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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	6,062	0	53,182	-24,320	-22,800	0
Annual Time Burden (Hours)	198,660	0	233,176	-10,816	-23,700	0
Annual Cost Burden (Dollars)	149,200	0	134,833	14,367	0	0

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

Burden Increase Due to: Miscellaneous Actions

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

Burden Reduction Due to: Cutting Redundancy

Short Statement: The number of respondents and estimated burden hours have changed as a result of updated data received by the staff since the proposal was released in December 2010. In addition, the structure of the registration regime has been modified since the proposal such that natural person municipal advisors who are not sole proprietors no longer need to register with the Commission on Form MA-I. Instead, it is the municipal advisory firms, not the individuals, that will be required to file Form MA-I with the Commission.

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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: 02/05/2014

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