SEC Extends Information Collection for Broker-Dealer Notification Rule

The Securities and Exchange Commission has submitted to the Office of Management and Budget a request to extend the previously approved collection of information under Rule 17a-11, Notification Provisions for Brokers and Dealers (17 CFR 240.17a-11). The request is identified by OMB Control No. 3235-0085 and appears in FR Doc No. 2026-20055, published September 30, 2026.

Rule 17a-11 obligates broker-dealers experiencing financial or operational difficulties to provide notice to the Commission, the broker-dealer's designated examining authority, and the Commodity Futures Trading Commission when the broker-dealer is also a futures commission merchant. The rule also requires over-the-counter derivatives dealers and broker-dealers that compute net capital under Appendix E to Rule 15c3-1 to notify the Commission when tentative net capital falls below prescribed thresholds. Additionally, every national securities exchange or association must inform the Commission when a member broker-dealer fails to submit a required notice or report.

Compliance with the rule is mandatory, and the Commission generally does not publish or make available the notices or reports received. The information is used by the Commission, other federal authorities, and self-regulatory organizations responsible for supervising financial institutions.

The Commission estimates the total annual burden of the collection at approximately 201 hours. The public may review and comment on the request at https://www.reginfo.gov/public/do/PRAViewICR?ref_nbr=202607-3235-013 or by email to the address provided, with comments due within 30 days of publication, by November 2, 2026.

The notice is signed by Sherry R. Haywood, Assistant Secretary, and reiterates that an agency may not conduct a collection without a currently valid OMB control number.