Fingerprinting Plans of Self-Regulatory Organizations. (17 CFR 240.17f-2(c))

Forms and Documents

Document Name	Status
2011 Rule 17f-2(c) justification.pdf Supporting Statement A	2011-08-26

IC Document Collections

IC ID	Document Title	Status
34080	Fingerprinting Plans of Self-Regulatory Organizations. (17 CFR 240.17f-2(c))	Modified

ICR Details

OMB Control No: 3235-0029	ICR Reference No: 201106-3235-005
Status: Historical Active	Previous ICR Reference No: 200807-3235-008
Agency/Subagency: SEC	Agency Tracking No: TM-270-35
Title: Fingerprinting Plans of Self-Regulatory Organizations. (17 CFR 240.17f-2(c))
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 09/29/2011
	Date Received in OIRA: 08/26/2011
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	09/30/2014	36 Months From Approved	10/31/2011
Responses	306,000	0	367,956
Time Burden (Hours)	76,500	0	91,989
Cost Burden (Dollars)	9,256,500	0	11,038,680

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Abstract: Rule 17f-2(c) allows persons required to be fingerprinted pursuant to Section 17(f)(2) of the Securities Exchange Act of 1934 to submit their fingerprints through a registered securities exchange or a national securities association in accordance with a plan submitted to and approved by the Commission.

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Authorizing Statute(s): US Code: 15 USC 78a et seq. Name of Law: Securities Exchange Act of 1934
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	76 FR 36939	06/23/2011
30-day Notice:	Federal Register Citation:	Citation Date:
	76 FR 53502	08/26/2011
Did the Agency receive public comments on this ICR? No

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

IC Title	Form No.	Form Name
Fingerprinting Plans of Self-Regulatory Organizations. (17 CFR 240.17f-2(c))

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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	306,000	367,956	0	0	-61,956	0
Annual Time Burden (Hours)	76,500	91,989	0	0	-15,489	0
Annual Cost Burden (Dollars)	9,256,500	11,038,680	0	0	-1,782,180	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: No

Burden Reduction Due to:

Short Statement: The decrease in time burden since 2008 is due to a change in Agency estimates, based on the average annual decrease in the number of fingerprint cards submitted by FINRA to the FBI over the past three years. In addition, more fingerprints are being provided electronically therefore reducing the annual time burden from 91,989 hours to 76,500 hours. There is a strong trend by the securities industry to take advantage of this as doing so greatly reduces the cost of compliance annually $1,782,180.00

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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: 08/26/2011

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