Proposed Collection; Comment Request, 32434 [2020-11593]
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32434
Federal Register / Vol. 85, No. 104 / Friday, May 29, 2020 / Notices
Notice is hereby given that pursuant
to the Paperwork Reduction Act of 1995
(44 U.S.C. 3501 et seq.) (‘‘PRA’’), the
Securities and Exchange Commission
(‘‘Commission’’) is soliciting comments
on the existing collection of information
provided for in Rule 17a–5 (17 CFR
240.17a–5), under the Securities
Exchange Act of 1934 (15 U.S.C. 78a et
seq.). The Commission plans to submit
this existing collection of information to
the Office of Management and Budget
(‘‘OMB’’) for extension and approval.
Rule 17a–5 is the basic financial
reporting rule for brokers and dealers.1
The rule requires the filing of Form X–
17A–5, the Financial and Operational
Combined Uniform Single Report
(‘‘FOCUS Report’’), which was the result
of years of study and comments by
representatives of the securities industry
through advisory committees and
through the normal rule proposal
methods. The FOCUS Report was
designed to eliminate the overlapping
regulatory reports required by various
self-regulatory organizations and the
Commission and to reduce reporting
burdens as much as possible. The rule
also requires the filing of an annual
audited report of financial statements.
The FOCUS Report consists of: (1)
Part I, which is a monthly report that
must be filed by brokers or dealers that
clear transactions or carry customer
securities; (2) one of three alternative
quarterly reports: Part II, which must be
filed by brokers or dealers that clear
transactions or carry customer
securities; Part IIA, which must be filed
by brokers or dealers that do not clear
transactions or carry customer
securities; and Part IIB, which must be
filed by specialized broker-dealers
registered with the Commission as OTC
derivatives dealers; 2 (3) supplemental
schedules, which must be filed
annually; and (4) a facing page, which
must be filed with the annual audited
report of financial statements. Under the
rule, a broker or dealer that computes
certain of its capital charges in
accordance with Appendix E to
Exchange Act Rule 15c3–1 must file
additional monthly, quarterly, and
annual reports with the Commission.
The Commission estimates that the
total hour burden under Rule 17a–5 is
approximately 328,746 hours per year
when annualized, and the total cost
burden under Rule 17a–5 is
approximately $35,287,127 per year.
Written comments are invited on: (a)
Whether the proposed collection of
information is necessary for the proper
performance of the functions of the
Commission, including whether the
information shall have practical utility;
(b) the accuracy of the Commission’s
estimate of the burden of the proposed
collection of information; (c) ways to
enhance the quality, utility, and clarity
of the information collected; and (d)
ways to minimize the burden of the
collection of information on
respondents, including through the use
of automated collection techniques or
other forms of information technology.
Consideration will be given to
comments and suggestions submitted in
writing within 60 days of this
publication.
An agency may not conduct or
sponsor, and a person is not required to
respond to, a collection of information
under the PRA unless it displays a
currently valid OMB control number.
1 Rule 17a–5(c) requires a broker or dealer to
furnish certain of its financial information to
customers and is subject to a separate PRA filing
(OMB Control Number 3235–0199).
2 Part IIB of Form X–17A–5 must be filed by OTC
derivatives dealers under Exchange Act Rule 17a–
12 and is subject to a separate PRA filing (OMB
control number 3235–0498).
(b) the accuracy of the agency’s estimate
of the burden of the collection of
information; (c) ways to enhance the
quality, utility, and clarity of the
information collected; and (d) ways to
minimize the burden of the collection of
information on respondents, including
through the use of automated collection
techniques or other forms of information
technology. Consideration will be given
to comments and suggestions submitted
in writing within 60 days of this
publication.
Please direct your written comments
to David Bottom, Director/Chief
Information Officer, Securities and
Exchange Commission, C/O Cynthia
Roscoe, 100 F Street NE, Washington,
DC 20549; or send an email to: PRA_
Mailbox@sec.gov.
Dated: May 26, 2020.
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2020–11596 Filed 5–28–20; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
Proposed Collection; Comment
Request
Upon Written Request, Copies Available
From: Securities and Exchange
Commission, Office of FOIA Services,
100 F Street NE, Washington, DC
20549–2736
jbell on DSKJLSW7X2PROD with NOTICES
Extension:
Rule 17a–5, SEC File No. 270–155, OMB
Control No. 3235–0123
VerDate Sep<11>2014
17:06 May 28, 2020
Jkt 250001
PO 00000
Frm 00079
Fmt 4703
Sfmt 4703
Please direct your written comments
to: David Bottom, Director/Chief
Information Officer, Securities and
Exchange Commission, c/o Cynthia
Roscoe, 100 F Street NE, Washington,
DC 20549, or send an email to PRA_
Mailbox@sec.gov.
Dated: May 26, 2020.
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2020–11593 Filed 5–28–20; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
Sunshine Act Meeting; Cancellation
FEDERAL REGISTER CITATION OF PREVIOUS
ANNOUNCEMENT: 85 FR 31564, May 26,
2020.
PREVIOUSLY ANNOUNCED TIME AND DATE OF
THE MEETING: Wednesday, May 27, 2020
at 2:00 p.m.
The Closed
Meeting scheduled for Wednesday, May
27, 2020 at 2:00 p.m., has been
cancelled.
CONTACT PERSON FOR MORE INFORMATION:
For further information; please contact
Vanessa A. Countryman from the Office
of the Secretary at (202) 551–5400.
CHANGES IN THE MEETING:
Dated: May 27, 2020.
Vanessa A. Countryman,
Secretary.
[FR Doc. 2020–11714 Filed 5–27–20; 4:15 pm]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
Submission for OMB Review;
Comment Request
Upon Written Request, Copies Available
From: Securities and Exchange
Commission, Office of FOIA Services,
100 F Street NE, Washington, DC
20549–2736
Extension: Rule 15c2–5, SEC File No. 270–
195; OMB Control No. 3235–0198
Notice is hereby given that pursuant
to the Paperwork Reduction Act of 1995
(‘‘PRA’’) (44 U.S.C. 3501 et seq.), the
Securities and Exchange Commission
(‘‘Commission’’) has submitted to the
Office of Management and Budget
(‘‘OMB’’) a request for approval of
extension of the previously approved
collection of information provided for in
Rule 15c2–5 (17 CFR 240.15c2–5),
under the Securities Exchange Act of
1934 (15 U.S.C. 78 et seq.) (‘‘Exchange
Act’’).
Rule 15c2–5 prohibits a broker-dealer
from arranging or extending certain
E:\FR\FM\29MYN1.SGM
29MYN1
]]>Agencies
[Federal Register Volume 85, Number 104 (Friday, May 29, 2020)]
[Notices]
[Page 32434]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-11593]
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SECURITIES AND EXCHANGE COMMISSION
Proposed Collection; Comment Request
Upon Written Request, Copies Available From: Securities and Exchange
Commission, Office of FOIA Services, 100 F Street NE, Washington, DC
20549-2736
Extension:
Rule 17a-5, SEC File No. 270-155, OMB Control No. 3235-0123
Notice is hereby given that pursuant to the Paperwork Reduction Act
of 1995 (44 U.S.C. 3501 et seq.) (``PRA''), the Securities and Exchange
Commission (``Commission'') is soliciting comments on the existing
collection of information provided for in Rule 17a-5 (17 CFR 240.17a-
5), under the Securities Exchange Act of 1934 (15 U.S.C. 78a et seq.).
The Commission plans to submit this existing collection of information
to the Office of Management and Budget (``OMB'') for extension and
approval.
Rule 17a-5 is the basic financial reporting rule for brokers and
dealers.\1\ The rule requires the filing of Form X-17A-5, the Financial
and Operational Combined Uniform Single Report (``FOCUS Report''),
which was the result of years of study and comments by representatives
of the securities industry through advisory committees and through the
normal rule proposal methods. The FOCUS Report was designed to
eliminate the overlapping regulatory reports required by various self-
regulatory organizations and the Commission and to reduce reporting
burdens as much as possible. The rule also requires the filing of an
annual audited report of financial statements.
---------------------------------------------------------------------------
\1\ Rule 17a-5(c) requires a broker or dealer to furnish certain
of its financial information to customers and is subject to a
separate PRA filing (OMB Control Number 3235-0199).
---------------------------------------------------------------------------
The FOCUS Report consists of: (1) Part I, which is a monthly report
that must be filed by brokers or dealers that clear transactions or
carry customer securities; (2) one of three alternative quarterly
reports: Part II, which must be filed by brokers or dealers that clear
transactions or carry customer securities; Part IIA, which must be
filed by brokers or dealers that do not clear transactions or carry
customer securities; and Part IIB, which must be filed by specialized
broker-dealers registered with the Commission as OTC derivatives
dealers; \2\ (3) supplemental schedules, which must be filed annually;
and (4) a facing page, which must be filed with the annual audited
report of financial statements. Under the rule, a broker or dealer that
computes certain of its capital charges in accordance with Appendix E
to Exchange Act Rule 15c3-1 must file additional monthly, quarterly,
and annual reports with the Commission.
---------------------------------------------------------------------------
\2\ Part IIB of Form X-17A-5 must be filed by OTC derivatives
dealers under Exchange Act Rule 17a-12 and is subject to a separate
PRA filing (OMB control number 3235-0498).
---------------------------------------------------------------------------
The Commission estimates that the total hour burden under Rule 17a-
5 is approximately 328,746 hours per year when annualized, and the
total cost burden under Rule 17a-5 is approximately $35,287,127 per
year.
Written comments are invited on: (a) Whether the proposed
collection of information is necessary for the proper performance of
the functions of the Commission, including whether the information
shall have practical utility; (b) the accuracy of the Commission's
estimate of the burden of the proposed collection of information; (c)
ways to enhance the quality, utility, and clarity of the information
collected; and (d) ways to minimize the burden of the collection of
information on respondents, including through the use of automated
collection techniques or other forms of information technology.
Consideration will be given to comments and suggestions submitted in
writing within 60 days of this publication.
An agency may not conduct or sponsor, and a person is not required
to respond to, a collection of information under the PRA unless it
displays a currently valid OMB control number.
Please direct your written comments to: David Bottom, Director/
Chief Information Officer, Securities and Exchange Commission, c/o
Cynthia Roscoe, 100 F Street NE, Washington, DC 20549, or send an email
to [email protected].
Dated: May 26, 2020.
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2020-11593 Filed 5-28-20; 8:45 am]
BILLING CODE 8011-01-P
