Rule 17f-2(a): Fingerprinting Requirements for Securities Professionals

Forms and Documents

Document Name	Status
30 day notice for Rule 17f-2(a).pdf Supplementary Document	2018-12-20
60 day notice for 17f-2(a).pdf Supplementary Document	2018-12-20
Revised PRA 17f-2(a) 2018 support statement clean (April 18 final).pdf Supporting Statement A	2019-04-19

IC Document Collections

IC ID	Document Title	Status
34097	Fingerprinting Requirements	Modified

ICR Details

OMB Control No: 3235-0034	ICR Reference No: 201810-3235-018
Status: Active	Previous ICR Reference No: 201509-3235-003
Agency/Subagency: SEC	Agency Tracking No: TM-3235-0034
Title: Rule 17f-2(a): Fingerprinting Requirements for Securities Professionals
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 with change	Conclusion Date: 04/19/2019
	Date Received in OIRA: 12/19/2018
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	04/30/2022	36 Months From Approved	04/30/2019
Responses	289,780	0	300,700
Time Burden (Hours)	144,890	0	150,350
Cost Burden (Dollars)	0	0	0

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Abstract: Rule 17f-2(a) requires that all securities personnel be fingerprinted. This requirement serves to: (1) identify security risk personnel; (2) allow employers to make fully informed employment decisions; and (3) deter possible wrongdoers from seeking employment in the securities industry. Partners, directors, officers, and employees of exchanges, broker-dealers, transfer agents, and clearing agencies are included.

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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:
	83 FR 21834	10/09/2018
30-day Notice:	Federal Register Citation:	Citation Date:
	83 FR 63962	12/12/2018
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
Fingerprinting Requirements

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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	289,780	300,700	0	0	-10,920	0
Annual Time Burden (Hours)	144,890	150,350	0	0	-5,460	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: The total annual hourly burden has been reduced from 150,350 hours to 144,890 hours due to a decrease in the estimate of number of fingerprints taken each year pursuant to Rule 17f-2(a).

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Annual Cost to Federal Government: $3,900

Does this IC contain surveys, censuses, or employ statistical methods? No

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination.     No

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination.     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: 12/19/2018

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