Search Results for citation:"90 FR 10983"

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Search Results: citation:"90 FR 10983"

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  • 2025-03271 — Submission for OMB Review; Comment Request; Extension: Rule 15a-6
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    Type:Notice
    Citation:90 FR 10983
    Reading Time:about 4 minutes

    The Securities and Exchange Commission (SEC) has submitted a request to the Office of Management and Budget (OMB) for approval to extend a rule under the Paperwork Reduction Act. This rule, referred to as Rule 15a-6, allows foreign broker-dealers to perform certain activities with U.S. institutional investors without registering as broker-dealers, provided they meet specific requirements. The SEC estimates that complying with this rule will take U.S. broker-dealers about 6,000 hours annually and cost around $1,000,000 per year. The public can review and comment on this information collection request until March 31, 2025.

    Simple Explanation

    The Securities and Exchange Commission (SEC) wants permission to keep a rule that lets certain foreign helpers work with people in the U.S. without filling out all the usual forms, but they have to follow special rules. They think it will take a lot of time and money, and they want people to share their thoughts about it by the end of March 2025.

  • 2025-03278 — Submission for OMB Review; Comment Request; Extension: Rule 17Ad-11
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    Type:Notice
    Citation:90 FR 10983
    Reading Time:about 3 minutes

    The Securities and Exchange Commission (SEC) has requested approval from the Office of Management and Budget to continue collecting information under Rule 17Ad-11. This rule requires transfer agents to report specific discrepancies in securities records and other matters to the SEC and relevant regulatory bodies. The Commission estimates the industry-wide annual time burden is minimal, amounting to about 0.5 hours or a cost of $39 per report. Public comments on the necessity and burden of this information collection are invited until March 31, 2025.

    Simple Explanation

    The SEC wants to keep checking its records with helpers to make sure everything matches and is counted right. They want people to say what they think about how much work it takes to do this until the end of March 2025.