Agency Information Collection Activities; Submission for OMB Review; Comment Request; Extension: Rule 17a-14 and Form CRS
Published Date: 1/30/2026
Notice
Summary
The SEC is asking to keep collecting info from broker-dealers who work with everyday investors. These firms must keep sharing easy-to-understand summaries about their services, fees, and any conflicts, helping investors make smart choices. This update keeps the rules going with no big changes, and it costs firms about $142,554 yearly while taking over 7 million hours combined to comply.
Analyzed Economic Effects
2 provisions identified: 1 benefits, 1 costs, 0 mixed.
Broker-Dealer Compliance Burden Estimate
The SEC estimates the aggregate annual time burden for respondents to comply with Rule 17a-14 and Form CRS is approximately 7,424,299 hours per year and an aggregate annual initial cost burden of approximately $142,554 per year. Firms that must prepare, file, post, and deliver relationship summaries will bear the compliance time and cost reflected in these totals.
Required Investor Relationship Summaries
Broker-dealers that offer services to retail investors must prepare and file a relationship summary through WebCRD, post it on their website (if they have one), and deliver it to retail investors. The summary must describe services, fees and costs, specific conflicts of interest, legal or disciplinary history, and how to get more information so investors can make informed choices.
Your PRIA Score
Personalized for You
How does this regulation affect your finances?
Sign up for a PRIA Policy Scan to see your personalized alignment score for this federal register document and every other regulation we track. We analyze your financial profile against policy provisions to show you exactly what matters to your wallet.
Key Dates
Department and Agencies
Take It Personal
Get Your Personalized Policy View
Start a Free Government Policy Watch to see how policy affects your household, then upgrade to PRIA Full Coverage for year-round monitoring.
Already have an account? Sign in