[Federal Register Volume 81, Number 34 (Monday, February 22, 2016)]
[Notices]
[Pages 8796-8797]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-03516]
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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 17a-25.
SEC File No. 270-482, OMB Control No. 3235-0540.
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'') has submitted to the Office of
Management and Budget (``OMB'') a request for approval of extension of
the existing collection of information provided for in Rule 17a-25 (17
CFR 204.17a-25) under the Securities Exchange Act of 1934 (15 U.S.C.
78a et seq.).
Paragraph (a)(1) of Rule 17a-25 requires registered broker-dealers
to electronically submit securities transaction information, including
identifiers for prime brokerage arrangements, average price accounts,
and depository institutions, in a standardized format when requested by
the Commission staff. In addition, Paragraph (a)(3)(c) of Rule 17a-25
requires broker-dealers to submit, and keep current, contact person
information for electronic blue sheets (``EBS'') requests. The
Commission uses the information for enforcement inquiries or
investigations and trading reconstructions, as well as for inspections
and examinations.
The Commission estimates that it sends approximately 7,697
electronic blue sheet requests per year to clearing broker-dealers that
in turn submit an average 124,912 responses.\1\ It is
[[Page 8797]]
estimated that each broker-dealer that responds electronically will
take 8 minutes, and each broker-dealer that responds manually will take
1\1/2\ hours to prepare and submit the securities trading data
requested by the Commission. The annual aggregate hour burden for
electronic and manual response firms is estimated to be 8,114 (59,958 x
8 / 60 = 7,994 hours) + (80 x 1.5 = 120 hours), respectively.\2\ In
addition, the Commission estimates that it will request 8 broker-
dealers to supply the contact information identified in Rule 17a-25(c)
and estimates the total aggregate burden hours to be 2. Thus, the
annual aggregate burden for all respondents to the collection of
information requirements of Rule 17a-25 is estimated at 8,116 hours
(7,994 + 120 + 2).
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\1\ A single EBS request has a unique number assigned to each
request (e.g. ``0900001''). However, the number of broker-dealer
responses generated from one EBS request can range from one to
several thousand. EBS requests are sent directly to clearing firms,
as the clearing firm is the repository for trading data for
securities transactions information provided by itself and
correspondent firms. Clearing brokers respond for themselves and
other firms they clear for. There were 124,912 responses during the
25 month period for an average of 4,996.5 responses per month or an
average of 59,958 annual responses.
\2\ Few of respondents submit manual EBS responses. The small
percentage of respondents that submit manual responses do so by
hand, via email, spreadsheet, disk, or other electronic media. Thus,
the number of manual submissions (80) has minimal effect on the
total annual burden hours.
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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.
The public may view background documentation for this information
collection at the following Web site: www.reginfo.gov. Comments should
be directed to: (i) Desk Officer for the Securities and Exchange
Commission, Office of Information and Regulatory Affairs, Office of
Management and Budget, Room 10102, New Executive Office Building,
Washington, DC 20503 or by sending an email to:
[email protected]; and (ii) Pamela Dyson, Director/Chief
Information Officer, Securities and Exchange Commission, c/o Remi
Pavlik-Simon, 100 F Street NE., Washington, DC 20549, or by sending an
email to: [email protected]. Comments must be submitted to OMB within
30 days of this notice.
Dated: February 16, 2016.
Brent J. Fields,
Secretary.
[FR Doc. 2016-03516 Filed 2-19-16; 8:45 am]
BILLING CODE 8011-01-P