24 Jun 2025
📄Compliance Reminder
Proposed Collection; Comment Request; Extension: Rule 17a-7
Summary
The Securities and Exchange Commission is seeking comments on a proposed information collection related to Rule 17a-7, which mandates non-resident broker-dealers to maintain and provide access to specific records within the U.S. This notice emphasizes the importance of compliance and solicits feedback on the burden of information collection.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The regulatory notice outlines compliance requirements for non-resident broker-dealers under Rule 17a-7, which may impact business operational costs and regulatory burden. Failing to maintain necessary records could lead to penalties, making it crucial for affected firms to proactively manage compliance.