6 Aug 2025
📊SEC Notice on Information Collection Activities and Compliance Requirements
Agency Information Collection Activities; Submission for OMB Review; Comment Request; Extension: Rule 31 and Form R31
Summary
The SEC announces a request for an extension of information collection under Rule 31, requiring self-regulatory organizations to report securities transaction volumes. This step is part of the agency's ongoing regulatory efforts to ensure the proper collection of fees and assessments, crucial for maintaining oversight in the securities market.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The SEC’s notice relates to compliance and regulatory requirements under Rule 31 and Form R31 for self-regulatory organizations (SROs). This directly affects financial institutions by mandating monthly reporting of securities transaction volumes and calculating associated fees. Non-compliance could lead to financial penalties.