View Information Collection Request (ICR) Package
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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:
3235-0556
ICR Reference No:
200708-3235-022
Status:
Historical Active
Previous ICR Reference No:
200408-3235-014
Agency/Subagency:
SEC
Agency Tracking No:
270-498
Title:
Form BD-N/Rule 15b11-1. Application for registration as a notice registered broker-dealer.
Type of Information Collection:
Revision of a currently approved collection
Common Form ICR:
No
Type of Review Request:
Regular
OIRA Conclusion Action:
Approved with change
Conclusion Date:
02/20/2008
Retrieve Notice of Action (NOA)
Date Received in OIRA:
11/05/2007
Terms of Clearance:
The agency improperly classified the burden change as due to agency discretion, because the change in burden was due to a decrease in the number of notice-registered broker-dealers filing these forms. Accordingly, OMB reclassified the change as an adjustment.
Inventory as of this Action
Requested
Previously Approved
Expiration Date
02/28/2011
36 Months From Approved
02/29/2008
Responses
16
0
79
Time Burden (Hours)
8
0
36
Cost Burden (Dollars)
0
0
0
Abstract:
Form BD-N is used to apply to the Commission for registration as a notice registered broker-dealer and to amend such applications.
Authorizing Statute(s):
US Code:
15 USC 78o(a), 78o(b), 78q(a), and 78
Name of Law: Sections 15(a), 15(b), 17(a) and 23(a) of the Securities Exchange Act of 1934.
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:
72 FR 49746
08/29/2007
30-day Notice:
Federal Register Citation:
Citation Date:
72 FR 62499
11/03/2007
Did the Agency receive public comments on this ICR?
No
Number of Information Collection (IC) in this ICR:
1
IC Title
Form No.
Form Name
Form BD-N/Rule 15b11-1. Application for registration as a notice registered broker-dealer.
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
16
79
0
0
-63
0
Annual Time Burden (Hours)
8
36
0
0
-28
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:
Yes
Burden Reduction Due to:
Miscellaneous Actions
Short Statement:
The Commission staff previously estimated the total annual filing burden for Form BD-N and Form BD-N amendments to be 36 hours. Because of the estimated decline in the total number of responses, Commission staff now estimates that the total annual filing burden for Form BD-N and Form BD-N amendments is 8 hours (8 + 0). The Commission staff previously estimated 579 respondents. Based on the number of initial applications on Form BD-N the NFA received in fiscal year 2006, Commission staff estimates that the total number of initial applications that the NFA will receive on Form BD-N will be approximately 16.
Annual Cost to Federal Government:
$0
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]?
Uncollected
Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]?
Uncollected
Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)?
Uncollected
Is this ICR related to the Pandemic Response?
Uncollected
Agency Contact:
Haimera Workie 202 551-5550 workieh@sec.gov
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:
11/05/2007
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