21 May 2025
📊SEC Proposed Collection for Broker-Dealers under Rule 17a-25
Proposed Collection; Comment Request; Extension: Rule 17a-25
Summary
The SEC has proposed a collection of information pursuant to Rule 17a-25, requiring broker-dealers to submit electronic securities transaction data in standardized formats. Comments are invited regarding the necessity and effectiveness of this collection for regulatory functions. The notice includes details on annual requests and time estimates for compliance.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
Rule 17a-25 mandates broker-dealers to electronically submit securities transaction data, impacting compliance costs and processes for these businesses. The burden of preparation time illustrates operational implications for firms responding to SEC requests.