[Federal Register Volume 79, Number 131 (Wednesday, July 9, 2014)]
[Notices]
[Page 39000]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2014-15967]
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SECURITIES AND EXCHANGE COMMISSION
Proposed Collection; Comment Request
Upon Written Request, Copies Available From: Securities and Exchange
Commission, Office of Investor Education and Advocacy, Washington, DC
20549-0213.
Extension:
Rule 17a-10, SEC File No. 270-154, OMB Control No. 3235-0122.
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-10, Report of
Revenue and Expenses (17 CFR 240.17a-10), under the Securities Exchange
Act of 1934 (15 U.S.C. 78a et seq.) (``Exchange Act''). The Commission
plans to submit this existing collection of information to the Office
of Management and Budget (``OMB'') for extension and approval.
The primary purpose of Rule 17a-10 is to obtain the economic and
statistical data necessary for an ongoing analysis of the securities
industry. Paragraph (a)(1) of Rule 17a-10 generally requires broker-
dealers that are exempted from the requirement to file monthly and
quarterly reports pursuant to paragraph (a) of Exchange Act Rule 17a-5
(17 CFR 240.17a-5) to file with the Commission the Facing Page, a
Statement of Income (Loss), and balance sheet from Part IIA of Form X-
17A-5 \1\ (17 CFR 249.617), and Schedule I of Form X-17A-5 not later
than 17 business days after the end of each calendar year.
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\1\ Form X-17A-5 is the Financial and Operational Combined
Uniform Single Report (``FOCUS Report''), which is used by broker-
dealers to provide certain required information to the Commission.
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Paragraph (a)(2) of Rule 17a-10 requires a broker-dealer subject to
Rule 17a-5(a) to submit Schedule I of Form X-17A-5 with its Form X-17A-
5 for the calendar quarter ending December 31 of each year. The burden
associated with filing Schedule I of Form X-17A-5 is accounted for in
the PRA filing associated with Rule 17a-5.
Paragraph (b) of Rule 17a-10 provides that the provisions of
paragraph (a) do not apply to members of national securities exchanges
or registered national securities associations that maintain records
containing the information required by Form X-17A-5 and which transmit
to the Commission copies of the records pursuant to a plan which has
been declared effective by the Commission.
The Commission estimates that approximately 38 broker-dealers will
spend an average of 12 hours per year complying with Rule 17a-10. Thus,
the total compliance burden is estimated to be approximately 456 hours
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
estimates 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 Thomas Bayer, Director/Chief
Information Officer, Securities and Exchange Commission, c/o Remi
Pavlik-Simon, 100 F Street NE., Washington, DC 20549, or send an email
to: [email protected].
Dated: July 2, 2014.
Jill M. Peteson,
Assistant Secretary.
[FR Doc. 2014-15967 Filed 7-8-14; 8:45 am]
BILLING CODE 8011-01-P