Federal Register 30-Day Notice

Federal Register / Vol. 90, No. 128 / Tuesday, July 8, 2025 / Notices
copying at the principal office of the
Exchange. Do not include personal
identifiable information in submissions;
you should submit only information
that you wish to make available
publicly. We may redact in part or
withhold entirely from publication
submitted material that is obscene or
subject to copyright protection. All
submissions should refer to file number
SR–MIAX–2025–27 and should be
submitted on or before July 29, 2025.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.23
J. Matthew DeLesDernier,
Deputy Secretary.
[FR Doc. 2025–12636 Filed 7–7–25; 8:45 am]
BILLING CODE 8011–01–P

SECURITIES AND EXCHANGE
COMMISSION
[OMB Control No. 3235–0691]

khammond on DSK9W7S144PROD with NOTICES

Submission for OMB Review;
Comment Request; Extension: Form
Custody
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 submitting to the
Office of Management and Budget
(‘‘OMB’’) this request for extension of
the proposed collection of information
provided for in Form Custody (17 CFR
249.639) under the Securities Exchange
Act of 1934 (15 U.S.C. 78a et seq.)
(‘‘Exchange Act’’).
Section 17(a)(1) of the Exchange Act
provides that broker-dealers registered
with the Commission must make and
keep records, furnish copies of the
records, and make and disseminate
reports as the Commission, by rule,
prescribes. Pursuant to this authority,
the Commission adopted Rule 17a–5 (17
CFR 240.17a–5), which is one of the
primary financial and operational
reporting rules for broker-dealers.1
Paragraph (a)(5) of Rule 17a–5 requires
every broker-dealer registered with the
Commission to file Form Custody (17
CFR 249.639) with its designated
examining authority (‘‘DEA’’) within 17
business days after the end of each
calendar quarter and within 17 business
days after the end of the broker-dealer’s
23 17

CFR 200.30–3(a)(12).
17a–5 is subject to a separate PRA filing
(OMB Control Number 3235–0123).
1 Rule

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fiscal year if that date is not the end of
a calendar quarter. Form Custody is
designed to elicit information about
whether a broker-dealer maintains
custody of customer and non-customer
assets, and, if so, how such assets are
maintained.
The Commission estimates that there
are approximately 3,470 broker-dealers
registered with the Commission. As
noted above, all broker-dealers
registered with the Commission are
required to file Form Custody with their
DEA once each calendar quarter. Based
on staff experience, the Commission
estimates that, on average, it would take
a broker-dealer approximately 12 hours
to complete and file Form Custody, for
an annual industry-wide reporting
burden of approximately 166,560
hours.2 Assuming an average cost per
hour of approximately $344 for a
compliance manager, the total internal
cost of compliance for the respondents
is approximately $57,296,640 per year.3
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.
The public may view and comment
on this information collection request
at: https://www.reginfo.gov/public/do/
PRAViewICR?ref_nbr=202504-3235-022
or email comment to
MBX.OMB.OIRA.SEC_desk_officer@
omb.eop.gov within 30 days of the day
after publication of this notice, by
August 8, 2025.
2 3,470 brokers-dealers × 4 times per year × 12
hours = 166,560 hours.
3 166,560 hours × $344 per hour = $57,296,640.
$344 per hour for a compliance manager is from
SIFMA’s Management & Professional Earnings in
the Securities Industry 2013, modified by
Commission staff for an 1800-hour work-year and
to account for bonuses, firm size, employee
benefits, and overhead, and adjusted for inflation.

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Dated: July 3, 2025.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2025–12687 Filed 7–7–25; 8:45 am]
BILLING CODE 8011–01–P

SECURITIES AND EXCHANGE
COMMISSION
Sunshine Act Meetings
TIME AND DATE:

2:00 p.m. on Thursday,

July 10, 2025.
The meeting will be held via
remote means and at the Commission’s
headquarters, 100 F Street NE,
Washington, DC 20549.

PLACE:

This meeting will be closed to
the public.

STATUS:

MATTERS TO BE CONSIDERED:
Commissioners, Counsel to the
Commissioners, the Secretary to the
Commission, and recording secretaries
will attend the closed meeting. Certain
staff members who have an interest in
the matters also may be present.
In the event that the time, date, or
location of this meeting changes, an
announcement of the change, along with
the new time, date, and/or place of the
meeting will be posted on the
Commission’s website at https://
www.sec.gov.
The General Counsel of the
Commission, or his designee, has
certified that, in his opinion, one or
more of the exemptions set forth in 5
U.S.C. 552b(c)(3), (5), (6), (7), (8), 9(B)
and (10) and 17 CFR 200.402(a)(3),
(a)(5), (a)(6), (a)(7), (a)(8), (a)(9)(ii) and
(a)(10), permit consideration of the
scheduled matters at the closed meeting.
The subject matter of the closed
meeting will consist of the following
topics:
Institution and settlement of
injunctive actions;
Institution and settlement of
administrative proceedings;
Resolution of litigation claims; and
Other matters relating to examinations
and enforcement proceedings.
At times, changes in Commission
priorities require alterations in the
scheduling of meeting agenda items that
may consist of adjudicatory,
examination, litigation, or regulatory
matters.
CONTACT PERSON FOR MORE INFORMATION:

For further information, please contact
Vanessa A. Countryman from the Office
of the Secretary at (202) 551–5400.
(Authority: 5 U.S.C. 552b.)

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