Regulation S-ID, Identity Theft Red Flags Rules

Forms and Documents

Document Name	Status
20250801_3235-0692_2025-14551_90 FR 36227_30-Day Submission Notice.pdf.pdf Supplementary Document	2025-08-01
2025 03 27_90 FR 13936_3235-0692_60-Day Collection Notice.pdf Supplementary Document	2025-03-27
Supporting Statement_Reg S-ID.pdf Supporting Statement A	2025-03-20

IC Document Collections

IC ID	Document Title	Status
201690	Regulation S-ID: Identity Theft Red Flags	Modified

ICR Details

OMB Control No: 3235-0692	ICR Reference No: 202503-3235-008
Status: Received in OIRA	Previous ICR Reference No: 202202-3235-014
Agency/Subagency: SEC	Agency Tracking No: IM
Title: Regulation S-ID, Identity Theft Red Flags Rules
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular	Date Submitted to OIRA: 08/01/2025

	Requested	Previously Approved
Expiration Date	36 Months From Approved	10/31/2025
Responses	10,594	10,486
Time Burden (Hours)	111,173	110,741
Cost Burden (Dollars)	0	0

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Abstract: Regulation S-ID: Identity Theft Red Flags (17 CFR Part 248, Subpart C) requires SEC-regulated financial institutions and creditors (including brokers, dealers, investment companies, and investment advisors) that offer or maintain covered accounts to develop and implement a written Identity Theft Protection Program designed to detect, prevent, and mitigate identity theft risks in connection with covered accounts, while card issuers must establish and implement written procedures to assess the validity of address changes when followed by requests for additional or replacement cards in a short period of time. Regulation S-ID, including the information collection requirements thereunder, is designed to better protect investors from the risks of identity theft by ensuring that SEC-regulated financial institutions maintain effective safeguards against identity theft that could harm consumers and threaten the safety and soundness of financial institutions. The SEC has used this information to examine compliance with identity theft prevention requirements during regulatory examinations. This collection fulfills recordkeeping and internal governance requirements where SEC-regulated entities must document their policies and procedures, but the documentation is maintained internally rather than reported directly to the SEC, though the SEC reviews these records during examinations to assess compliance with the regulation.

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Authorizing Statute(s): US Code: 15 USC 80a-30 Name of Law: Investment Company Act of 1940
  

Citations for New Statutory Requirements: PL: Pub.L. 111 - 203 1088(a)(8) Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	90 FR 13936	03/27/2025
30-day Notice:	Federal Register Citation:	Citation Date:
	90 FR 36227	08/01/2025
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
Regulation S-ID: Identity Theft Red Flags

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ICR Summary of Burden

	Total Request	Previously Approved	Change Due to New Statute	Change Due to Agency Discretion	Change Due to Adjustment in Estimate	Change Due to Potential Violation of the PRA
Annual Number of Responses	10,594	10,486	0	0	108	0
Annual Time Burden (Hours)	111,173	110,741	0	0	432	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: The estimated total annual burden hours increased 432 hours, from 110,741 hours to 111,173 hours. This change in burden hours is primarily attributable to changes in the staff’s estimates of the number of entities that could be financial institutions or creditors.

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Annual Cost to Federal Government: $0

Does this IC contain surveys, censuses, or employ statistical methods? No

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination.     No

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination.     No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? Yes

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? No

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Common Form ICR:  No

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On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).

The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(i) Why the information is being collected;

(ii) Use of information;

(iii) Burden estimate;

(iv) Nature of response (voluntary, required for a benefit, or mandatory);

(v) Nature and extent of confidentiality; and

(vi) Need to display currently valid OMB control number;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.

Certification Date: 08/01/2025

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