Rule 17a-5 under the Securities Exchange Act of 1934, 17 CFR 240. 17a-5, is a reporting rule for broker-dealers. The Commission recently amended Rule 17a-5 to require annual audited reports and related annual filings to be filed electronically in Inline XBRL through the Commission’s EDGAR system. The filings were previously made either in paper, via email, or voluntarily on the EDGAR system as PDF documents. The Commission is also allowing electronic signatures in Rule 17a-5 filings, which includes the FOCUS Report. The Commission is amending the instructions to Parts II, IIC, and IIA of the FOCUS Report to allow only one named officer’s signature when the signature belongs to the firm’s principal executive officer or principal financial officer (or their comparable officers). Finally, the Commission is making corrective and clarifying amendments to FOCUS Report Part II, technical amendments to FOCUS Report Part IIA and amendments to FOCUS Report Part IIC for consistency with FFIEC Form 031, which FOCUS Report Part IIC is modelled on. None of these amendments are expected to impact the ongoing burden of filing FOCUS Report Parts II, IIA or IIC.
US Code:
15 USC 78a
Name of Law: Securities Exchange Act of 1934
The Commission recently adopted a final rule related to electronic filing that would add new information collection requirements and that would remove one cost. These changes are discussed in more detail in the attached Supporting Statement.
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No
No
No
No
No
No
No
Valentina Deng 202 551-5778
No
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:
(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;
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.
Form SEC 1696 IC2 - Rule 17a-5; FOCUS Report Part IIA: Quarterly reports (Non-Model Non-Clearing Broker Dealers)
3235-0123 Supporting Statement (2025) Final.pdf
IC2 - Rule 17a-5; FOCUS Report Part IIA: Quarterly reports (Non-Model Non-Clearing Broker Dealers)