# 2025-09143: Broker-Dealers Stick to SEC's Digital Data Drill

2025-09143, Proposed Collection; Comment Request; Extension: Rule 17a-25, is a Federal Register notice from Securities and Exchange Commission published 2025-05-21, effective Written comments due by July 21, 2025. (as of 2026-06-08).

- Canonical: https://policyrisk.com/federal-register/2025-09143
- As of: 2026-06-08
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Document number: 2025-09143
- Title: Proposed Collection; Comment Request; Extension: Rule 17a-25
- Type: Notice
- Agencies: Securities and Exchange Commission
- Citation: 90 FR 21814
- Published: 2025-05-21
- Effective: Written comments due by July 21, 2025.
- Comments close: not stated
- Significant: no
- Touches household money: no
- Regulation identifier numbers: none
- Last updated: 2026-06-08

## In one line

Broker-Dealers Stick to SEC's Digital Data Drill

## Summary

The SEC wants to keep collecting electronic trading info from broker-dealers to help with investigations and inspections. Most brokers submit data online, which takes about 8 minutes each, while a few still do it manually, taking longer. This proposal asks for comments on continuing this process, which affects clearing firms and keeps things running smoothly without adding new costs or deadlines.

## Effects PRIA read

- Mandatory Electronic Trading Data Submissions: cost, medium. If you are a broker-dealer registered with the SEC, Rule 17a-25(a)(1) requires you to submit securities transaction information electronically when the Commission requests it. The required data include identifiers for prime brokerage arrangements, average price accounts, and depository institutions…
- Estimated Submission Volume and Time Burden: cost, medium. The SEC estimates it sends about 10,807 EBS requests per year to clearing broker-dealers, producing an average of 213,233 annual responses. The Commission estimates each electronic response takes about 8 minutes and each manual response takes about 1.5 hours, for an aggregate annual burden of 28,56…
- Manual Submissions Are a Small Share: benefit, low. Only a small number of respondents submit EBS responses manually (approximately 96 manual submissions per year), and the SEC states these manual submissions have a minimal effect on total annual burden hours.
- Opportunity to Comment by July 21, 2025: mixed, low. The SEC is soliciting written comments on the Rule 17a-25 information collection and requests comments be sent by July 21, 2025. The Commission seeks feedback on the necessity of the collection, its estimated burden, ways to improve the information collected, and ways to minimize respondent burden.

## Related documents

- [2026-20466](https://policyrisk.com/federal-register/2026-20466): Adviser and Regulated Fund Custody Rules; Crypto Custody Rules, 2026-10-06
- [2026-19260](https://policyrisk.com/federal-register/2026-19260): Rescission of Rule 14a-8's Federal Regulation of Shareholder Proposals and Amendments to Rule 14a-4, 2026-09-21
- [2026-18424](https://policyrisk.com/federal-register/2026-18424): Political Contributions by Certain Investment Advisers, 2026-09-10
- [2026-18190](https://policyrisk.com/federal-register/2026-18190): Transfer Agent Rules, 2026-09-04
- [2026-17183](https://policyrisk.com/federal-register/2026-17183): Regulation Crypto Assets, 2026-08-21
- [2026-12163](https://policyrisk.com/federal-register/2026-12163): The Trade-Through Rule and Locked and Crossed Markets Provisions of Regulation NMS, 2026-06-17

## Sources
- [2025-09143 on federalregister.gov](https://www.federalregister.gov/documents/2025/05/21/2025-09143/proposed-collection-comment-request-extension-rule-17a-25)
- [2025-09143 as published (PDF)](https://www.govinfo.gov/content/pkg/FR-2025-05-21/pdf/2025-09143.pdf)

## Related
- [Previous: 2025-09142, Submission for OMB Review; Comment Request; Extension: Rule 6h-1](https://policyrisk.com/federal-register/2025-09142)
- [Next: 2025-09144, Agency Information Collection Activities: Submission for OMB Review; Comment Re…](https://policyrisk.com/federal-register/2025-09144)
- [All Federal Register documents](https://policyrisk.com/federal-register)

Source: PRIA, https://policyrisk.com/federal-register/2025-09143 (as of 2026-06-08).