Rule 17f-1(g), 17 CFR 240.17f-1(g): Recordkeeping Requirements for the Lost & Stolen Securities Program

Forms and Documents

Document Name	Status
2016 Rule 17f-1(g) Supporting Statement.pdf Supporting Statement A	2016-11-29

IC Document Collections

IC ID	Document Title	Status
34779	Rule 17f-1(g), 17 CFR 240.17f-1(g): Recordkeeping Requirements for the Lost & Stolen Securities Program	Modified

ICR Details

OMB Control No: 3235-0290	ICR Reference No: 201608-3235-010
Status: Historical Active	Previous ICR Reference No: 201306-3235-007
Agency/Subagency: SEC	Agency Tracking No: TM-270-30
Title: Rule 17f-1(g), 17 CFR 240.17f-1(g): Recordkeeping Requirements for the Lost & Stolen Securities Program
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: 01/23/2017
Retrieve Notice of Action (NOA)	Date Received in OIRA: 11/29/2016
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	01/31/2020	36 Months From Approved	03/31/2017
Responses	12,971	0	823,977
Time Burden (Hours)	7,134	0	13,733
Cost Burden (Dollars)	0	0	0

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Abstract: Rule 17f-1(g) requires that all reporting institutions (i.e., every national securities exchange, member thereof, registered securities association, broker, dealer, municipal securities dealer, registered transfer agent, registered clearing agency, participant therein, member of the Federal Reserve System, and bank insured by the FDIC) maintain and preserve a number of documents related to their participation in the Lost and Stolen Securities Program under Rule 17f-1.

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Authorizing Statute(s): US Code: 15 USC 78q(f) Name of Law: Section 17(f) 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:
	81 FR 63237	09/14/2016
30-day Notice:	Federal Register Citation:	Citation Date:
	81 FR 83901	11/22/2016
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 17f-1(g), 17 CFR 240.17f-1(g): Recordkeeping Requirements for the Lost & Stolen Securities Program

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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	12,971	823,977	0	0	-811,006	0
Annual Time Burden (Hours)	7,134	13,733	0	0	-6,599	0
Annual Cost Burden (Dollars)	0	0	0	0	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: Aggregate burden hours have decreased by 6,599 hours (13,733 – 7,134 = 6,599), due to the decrease by 11,998 in the number of reporting institutions that have registered in the Lost and Stolen Securities Program (year-end 2012 to year-end 2015). These 11,998 institutions chose to drop out of the Program either to avoid the costs involved or because of business closures.

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Annual Cost to Federal Government: $4,050

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: 11/29/2016

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