30 Jul 2025
📈SEC's Proposed Information Collection Rule 17a-3 for Broker-Dealers
Agency Information Collection Activities; Proposed Collection; Comment Request; Extension: Rule 17a-3
Summary
The Securities and Exchange Commission announces a proposed information collection request under Rule 17a-3, setting standards for business records that broker-dealers must maintain. This ensures compliance with regulatory requirements, aiding effective examinations by the SEC and other authorities, and highlights the significant record-keeping burden on registered broker-dealers.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The SEC's proposed collection of information requirements under Rule 17a-3 directly impacts broker-dealers by mandating record-keeping practices essential for compliance monitoring. The estimated total compliance cost of $138,852,510 annually will influence operational budgets.