Form Custody

Forms and Documents

Document Name	Status
Form Form Custody Form Custody Form and Instruction	Modified
2013 BD Custody PRA re Form Custody Version C.pdf Supporting Statement A	2014-02-05
Dodd-Frank Section 982.pdf Supplementary Document	2011-11-23

IC Document Collections

IC ID	Document Title	Status
200258	Form Custody Form and Instruction	Modified

ICR Details

OMB Control No: 3235-0691	ICR Reference No: 201402-3235-007
Status: Historical Active	Previous ICR Reference No: 201111-3235-036
Agency/Subagency: SEC	Agency Tracking No: TM-270-643
Title: Form Custody
Type of Information Collection: New collection (Request for a new OMB Control Number)	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 03/20/2014
	Date Received in OIRA: 02/07/2014
Terms of Clearance: SEC will make sure that the instrument contains a PRA statement along with the OMB control number as soon as possible.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	03/31/2017	36 Months From Approved
Responses	18,836	0	0
Time Burden (Hours)	226,032	0	0
Cost Burden (Dollars)	0	0	0

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Abstract: Form Custody elicits information about broker-dealer custody of customer assets.

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Authorizing Statute(s): US Code: 15 USC 78o(c)(3), 78q(a), 78(w)(a) Name of Law: Sections 15(c)(3), 17(a), and 23(a) of the Securities Exchange Act of 1934
  

Citations for New Statutory Requirements: US Code: 15 USC 78o(c)(3), 78q(a), 78(w)(a) Name of Law: Sections 15(c)(3), 17(a), and 23(a) of the Securities Exchange Act of 1934

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
3235-AK56	Final or interim final rulemaking	78 FR 51910	08/21/2013

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Federal Register Notices & Comments

Did the Agency receive public comments on this ICR? Yes

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Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
Form Custody	Form Custody	Form Custody

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ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to New Statute	Change Due to Agency Discretion	Change Due to Adjustment in Estimate	Change Due to Potential Violation of the PRA
Annual Number of Responses	18,836	0	20,228	-1,392	0	0
Annual Time Burden (Hours)	226,032	0	242,736	-16,704	0	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: Yes

Burden Reduction Due to: Changing Regulations

Short Statement: This is a new information collection designed to elicit information about the custodial activities of broker-dealers that can serve as a starting point for securities regulators to undertake more in-depth reviews of these activities as they deem appropriate.

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Annual Cost to Federal Government: $0

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? Uncollected

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Common Form ICR:  No

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On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).

The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(i) Why the information is being collected;

(ii) Use of information;

(iii) Burden estimate;

(iv) Nature of response (voluntary, required for a benefit, or mandatory);

(v) Nature and extent of confidentiality; and

(vi) Need to display currently valid OMB control number;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.

Certification Date: 02/07/2014

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