SEC seeks OMB extension for Rule 15c3-3 information collection
Broker-dealers must continue to report segregation and reserve data under Rule 15c3-3; comments are due by Oct 26 2026.
The Securities and Exchange Commission (SEC) has submitted to the Office of Management and Budget (OMB) a request to extend the previously approved collection of information for Rule 15c3-3, 17 CFR 240.15c3-3, under the Securities Exchange Act of 1934. The request is identified by OMB Control No. 3235-0078.
Rule 15c3-3 requires broker-dealers that hold customer securities to obtain and maintain possession and control of fully-paid and excess margin securities. It also mandates weekly or monthly reserve computations for customer funds, written notifications from banks holding Special Reserve Bank Accounts, and immediate reporting to the Commission of any failure to make required deposits. Additional obligations apply to broker-dealers selling securities futures and to those engaged in security-based swap activity.
In 2024 the Commission adopted amendments that require carrying broker-dealers with average total credits above a minimum threshold to compute the reserve on a daily basis rather than weekly.
The Commission staff estimates the aggregate annual information-collection burden for Rule 15c3-3 at approximately 1,459,681 hours and $5,076,465.
Comments on the collection request may be submitted online at https://www.reginfo.gov/public/do/PRAViewICR?ref_nbr=202608-3235-006 or by email to the address provided in the notice. The comment period closes on October 26 2026, the day after publication of this notice in the Federal Register.
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