Document ID: SEC-2014-2037-0004
Agency: sec
Document Type: Notice
Title: Agency Information Collection Activities; Proposals, Submissions, and Approvals
Posted Date: 2021-03-08T05:00Z

[Federal Register Volume 86, Number 43 (Monday, March 8, 2021)]
[Notices]
[Pages 13432-13433]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-04658]

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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-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 48 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 approximately 1,080 hours to comply with the rule. Each of these 
approximately 48 registered broker-dealers makes an estimated 45 annual 
responses. Each response takes approximately 0.5 hours to complete. 
Thus, the total burden per year is approximately 1,080 hours.
    The retention period for the recordkeeping requirement under Rule 
15c2-1 is not less than two years following the date the notice is 
submitted. The recordkeeping requirement under this rule is mandatory 
to assist the Commission in monitoring the respondent who fail to 
collect the information set by the Commission rule. This rule does not 
involve the collection of confidential information.
    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. Find this 
particular information collection by selecting ``Currently under 30-day 
Review--Open for Public Comments'' or by using the search function. 
Written comments and recommendations for the proposed information 
collection should be sent within 30 days of publication of this

[[Page 13433]]

notice to (i) www.reginfo.gov/public/do/PRAMain and (ii) David Bottom, 
Director/Chief Information Officer, Securities and Exchange Commission, 
c/o Cynthia Roscoe, 100 F Street NE, Washington, DC 20549, or by 
sending an email to: PRA_Mailbox@sec.gov.

    Dated: March 2, 2021.
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2021-04658 Filed 3-5-21; 8:45 am]
BILLING CODE 8011-01-P