Document ID: SEC-2014-2037-0002
Agency: sec
Document Type: Notice
Title: Agency Information Collection Activities; Proposals, Submissions, and Approvals
Posted Date: 2018-01-16T05:00Z

[Federal Register Volume 83, Number 10 (Tuesday, January 16, 2018)]
[Notices]
[Page 2283]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-00490]

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SECURITIES AND EXCHANGE COMMISSION

[SEC File No. 270-418, OMB Control No. 3235-0485]

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 15c2-1.

    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 
15c2-1, (17 CFR 240.15c2-1), under the Securities Exchange Act of 1934 
(15 U.S.C. 78a et seq.).
    Rule 15c2-1 (17 CFR 240.15c2-1) prohibits the commingling under the 
same lien of securities of margin customers (a) with other customers 
without their written consent and (b) with the broker or dealer. The 
rule also prohibits the re-hypothecation of customers' margin 
securities for a sum in excess of the customer's aggregate 
indebtedness. Pursuant to Rule 15c2-1, respondents must collect 
information necessary to prevent the re-hypothecation of customer 
securities in contravention of the rule, issue and retain copies of 
notices of hypothecation of customer securities in accordance with the 
rule, and collect written consents from customers in accordance with 
the rule. The information is necessary to ensure compliance with the 
rule and to advise customers of the rule's protections.
    There are approximately 79 respondents (i.e., broker-dealers that 
conducted business with the public, filed Part II or Part IICSE of the 
FOCUS Report, did not claim an exemption from the Rule 15c3-3 reserve 
formula computation, and reported that they had a bank loan during at 
least one quarter of the current year) that require an aggregate total 
of 1,778 hours to comply with the rule. Each of these approximately 79 
registered broker-dealers makes an estimated 45 annual responses. Each 
response takes approximately 0.5 hours to complete. Thus, the total 
compliance burden per year is 1,778 burden hours.
    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 website: 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, Acting 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: January 9, 2018.
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2018-00490 Filed 1-12-18; 8:45 am]
 BILLING CODE 8011-01-P