Fingerprinting Plans of Self-Regulatory Organizations. (17 CFR 240.17f-2(c))

Forms and Documents

Document Name	Status
2014 Rule 17f-2(c) justification FINAL v2.docx Supporting Statement A	2014-12-17

IC Document Collections

IC ID	Document Title	Status
34080	Electronic Fingerprinting Plans	Modified
211829	Paper Fingerprint Submissions	New

ICR Details

OMB Control No: 3235-0029	ICR Reference No: 201406-3235-003
Status: Historical Active	Previous ICR Reference No: 201106-3235-005
Agency/Subagency: SEC	Agency Tracking No: TM-270-035
Title: Fingerprinting Plans of Self-Regulatory Organizations. (17 CFR 240.17f-2(c))
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: 12/22/2014
	Date Received in OIRA: 09/29/2014
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	12/31/2017	36 Months From Approved	12/31/2014
Responses	288,000	0	306,000
Time Burden (Hours)	72,000	0	76,500
Cost Burden (Dollars)	9,987,375	0	9,256,500

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Abstract: Rule 17f-2(c) allows persons required to be fingerprinted pursuant to Section 17(f)(2) of the Securities Exchange Act of 1934 to submit their fingerprints through a registered securities exchange or a national securities association in accordance with a plan submitted to and approved by the Commission.

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Authorizing Statute(s): US Code: 15 USC 78a et seq. Name of Law: 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:
	79 FR 42564	07/22/2014
30-day Notice:	Federal Register Citation:	Citation Date:
	79 FR 57990	09/26/2014
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
Electronic Fingerprinting Plans
Paper Fingerprint Submissions

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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	288,000	306,000	0	0	-18,000	0
Annual Time Burden (Hours)	72,000	76,500	0	0	-4,500	0
Annual Cost Burden (Dollars)	9,987,375	9,256,500	0	0	730,875	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 total reporting burden hours has decreased from 76,500 to 72,000 due to an average annual decrease in the number of fingerprint sets submitted by FINRA to the FBI over the past three years. The total costs burden has increased from $9,250,100 to $9,987,300 due to the increased cost of processing hard copy fingerprint cards submitted by FINRA to the FBI over the past three years.

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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]? No

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: 09/29/2014

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