📊SEC Rule 17a-25 OMB Review
Agency Information Collection Activities; Submission for OMB Review; Comment Request; Extension: Rule 17a-25
Summary
The Securities and Exchange Commission (SEC) seeks an extension for Rule 17a-25, requiring registered broker-dealers to electronically submit securities transaction data. This process is critical for enforcement inquiries and trading investigations, emphasizing the importance of standardized reporting formats and continued updates on contact information for compliance with regulatory audits.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The document outlines compliance and regulatory requirements under Rule 17a-25 for registered broker-dealers to submit electronic securities transaction information. This impacts business processes, data management, and potential costs related to compliance, making it essential for business owners and executives to understand the implications on operational workflows and regulatory adherence.