SEC Prepares Backup Forms for Gov't Securities Traders
Published Date: 7/8/2025
Notice
Summary
The SEC is asking for a new approval number to collect info from certain financial institutions using Forms G-FIN, G-FINW, G-FIN-4, and G-FIN-5. These banks and dealers haven’t had to file these forms before, but the SEC wants to be ready just in case. This won’t cost much or happen often, but it keeps things clear and ready for the future.
Analyzed Economic Effects
3 provisions identified: 0 benefits, 2 costs, 1 mixed.
New OMB Number Enables Possible Filings
The SEC is requesting a new OMB control number so Forms G-FIN, G-FINW, G-FIN-4, and G-FIN-5 could be collected if certain financial institutions engage in government securities activities. The staff estimates one respondent per year per form and annual burdens of 1.25 hours (Form G-FIN), 0.5 hours (Form G-FINW), 2.25 hours (Form G-FIN-4), and 1.25 hours (Form G-FIN-5). The filings would be mandatory if a covered institution is required to file them.
Which Filings Are Public or Confidential
Information filed on Form G-FIN and Form G-FINW would be available to the public. Information provided on Form G-FIN-4 and Form G-FIN-5 would be regarded as confidential for each respondent.
Which Institutions Could Be Required to File
The Commission is the appropriate regulatory authority (ARA) for state‑chartered banks or state‑chartered trust companies that are not members of the Federal Reserve System and whose deposits are not insured by the FDIC. The Commission is also the ARA for any other financial institutions for which the OCC, the Board of Governors of the Federal Reserve System, or the FDIC is not the ARA, and those institutions could be required to file these forms if they engage in government securities activities.
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