Rule 15c3-1 PRA Collection Extension

Regs.gov: Securities and Exchange Commission

Published March 27th, 2026

Detected April 2nd, 2026

Summary

The SEC published a notice under the Paperwork Reduction Act seeking public comments on extending the existing information collection for Rule 15c3-1, which requires broker-dealers to maintain sufficient liquid assets to meet current liabilities and protect customer claims. Comments are due by June 1, 2026. The SEC estimates an aggregate annual burden of 67,773 hours and $133,867 in costs for broker-dealer respondents.

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What changed

The SEC is soliciting comments on the existing information collection requirements under Rule 15c3-1 (17 CFR 240.15c3-1), which mandates that broker-dealers maintain at all times sufficient liquid assets to meet current liabilities, particularly customer claims. This PRA collection extension applies to all broker-dealer respondents registered with the Commission. The SEC estimates respondents incur an aggregate annual time burden of approximately 67,773 hours and an aggregate annual cost burden of approximately $133,867.

Broker-dealers and industry stakeholders should review the burden estimates and consider submitting written comments to the SEC by June 1, 2026. Comments should address whether the collection is necessary, whether estimates are accurate, and ways to minimize burden. No new compliance obligations are being created—this is a routine administrative extension of an existing PRA collection. Failure to comment will not result in any penalty.

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Content

Upon Written Request, Copies Available From: Securities and Exchange Commission, Office of FOIA Services, 100 F Street NE, Washington, DC 20549-2736

Notice is hereby given that pursuant to the Paperwork Reduction Act of 1995 (44 U.S.C. 3501 et seq.) (“PRA”), the Securities and Exchange Commission (“Commission”) is soliciting comments on the existing collection of information
provided for in Rule 15c3-1 (17 CFR 240.15c3-1), under the Securities Exchange Act of 1934 (15 U.S.C. 78a et seq.). The Commission plans to submit this existing collection of information to the Office of Management and Budget (“OMB”) for
extension and approval.

Rule 15c3-1 requires brokers-dealers to have at all times sufficient liquid assets to meet their current liabilities, particularly
the claims of customers. The rule facilitates the monitoring of the financial condition of broker-dealers by the Commission
and the various self-regulatory organizations. It is estimated that broker-dealer respondents registered with the Commission
and subject to the collection of information requirements of Rule 15c3-1 incur an aggregate annual time burden of approximately
67,773 hours to comply with this rule and an aggregate annual cost burden of approximately $133,867.

An agency may not conduct or sponsor, and a person is not required to respond to, a collection of information unless it displays
a currently valid OMB Control Number.

Written comments are invited on: (a) whether this proposed collection of information is necessary for the proper performance of the functions of the SEC, including
whether the information will have practical utility; (b) the accuracy of the SEC's estimate of the burden imposed by the proposed
collection of information, including the validity of the methodology and the assumptions used; (c) ways to enhance the quality,
utility, and clarity of the information to be collected; and (d) ways to minimize the burden of the collection of information
on respondents, including through the use of automated, electronic collection techniques or other forms of information technology.

Please direct your written comment to Austin Gerig, Director/Chief Data Officer, Securities and Exchange Commission, c/o Tanya
Ruttenberg, 100 F Street NE, Washington, DC 20549 and send it by email to PaperworkReductionAct@sec.gov within 60 days of publication of this notice, by June 1, 2026.

Dated: March 27, 2026. Sherry R. Haywood, Assistant Secretary. [FR Doc. 2026-06236 Filed 3-31-26; 8:45 am] BILLING CODE 8011-01-P