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Please note that the OMB number and expiration date may not have been determined when this Information Collection Request and associated Information Collection forms were submitted to OMB. The approved OMB number and expiration date may be found by clicking on the Notice of Action link below.
View ICR - OIRA Conclusion
OMB Control No:
3235-0480
ICR Reference No:
201111-3235-021
Status:
Historical Active
Previous ICR Reference No:
200812-3235-008
Agency/Subagency:
SEC
Agency Tracking No:
TM-270-429
Title:
Exchange Act Rule 9b-1 (17 CFR 240.9b-1): Options Disclosure Document
Type of Information Collection:
Extension without change of a currently approved collection
Common Form ICR:
No
Type of Review Request:
Regular
OIRA Conclusion Action:
Approved without change
Conclusion Date:
04/04/2012
Retrieve Notice of Action (NOA)
Date Received in OIRA:
01/26/2012
Terms of Clearance:
Inventory as of this Action
Requested
Previously Approved
Expiration Date
04/30/2015
36 Months From Approved
04/30/2012
Responses
234,027
0
234,018
Time Burden (Hours)
2,166
0
2,094
Cost Burden (Dollars)
0
0
0
Abstract:
An options disclosure document ("ODD") contains information concerning standardized options and options trading. An options market must file the ODD with the Commission prior to furnishing the ODD to customers, and must file amendments to the ODD if the information becomes materially inaccurate or incomplete. In addition, Rule 9b-1 requires a broker-dealer to furnish to each customer, and keep current, an ODD, prior to accepting an order to purchase or sell an option on behalf of that customer.
Authorizing Statute(s):
US Code:
15 USC 78i, 78o, 78w(a)
Name of Law: Sections 9, 15, and 23(a) of the Securities Exchange Act of 1934
US Code:
15 USC 77b, 77g, 77j, 77s(a)
Name of Law: Sections 2, 7, 10 and 19(a) of the Securities Act of 1933
Citations for New Statutory Requirements:
None
Associated Rulemaking Information
RIN:
Stage of Rulemaking:
Federal Register Citation:
Date:
Not associated with rulemaking
Federal Register Notices & Comments
60-day Notice:
Federal Register Citation:
Citation Date:
76 FR 72461
11/23/2011
30-day Notice:
Federal Register Citation:
Citation Date:
77 FR 4064
01/26/2012
Did the Agency receive public comments on this ICR?
No
Number of Information Collection (IC) in this ICR:
2
IC Title
Form No.
Form Name
Exchange Act Rule 9b-1 (17 CFR 240.9b-1): Options Disclosure Document
Exchange Act Rule 9b-1 (17 CFR 240.9b-1): Options Disclosure Document
ICR Summary of Burden
Total Approved
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
234,027
234,018
0
0
9
0
Annual Time Burden (Hours)
2,166
2,094
0
0
72
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 revision to the estimate is based on a revised estimated number of respondents. The number of options markets that must comply with Rule 9b-1 increased from 8 to 9. It is estimated that each options market will spend approximately eight hours on the preparation and filing of each amendment. The previous compliance burden estimate was 192 hours (8 options markets x 8 hours per amendment x 3 amendments per year). This compliance burden has increased by 24 hours to a total compliance burden of 216 hours (9 options markets x 8 hours per amendment x 3 amendments per year). The third party disclosure party burden decreased by 144 hours because the number of respondents decreased, which netted a change of 72 hours annually.
Annual Cost to Federal Government:
$8,250
Does this IC contain surveys, censuses, or employ statistical methods?
No
Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002?
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]?
No
Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)?
No
Is this ICR related to the Pandemic Response?
Uncollected
Agency Contact:
Steve Kuan 2025515624
Common Form ICR:
No
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:
01/26/2012
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