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:
3235-0012
ICR Reference No:
201006-3235-011
Status:
Historical Active
Previous ICR Reference No:
200705-3235-005
Agency/Subagency:
SEC
Agency Tracking No:
TM-270-19
Title:
Form BD/Rule 15b1-1. Application for registration as a broker- dealer.
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:
08/27/2010
Retrieve Notice of Action (NOA)
Date Received in OIRA:
07/08/2010
Terms of Clearance:
Inventory as of this Action
Requested
Previously Approved
Expiration Date
08/31/2013
36 Months From Approved
11/30/2010
Responses
18,105
0
20,600
Time Burden (Hours)
6,800
0
8,250
Cost Burden (Dollars)
0
0
0
Abstract:
Form BD is used to apply to the Commission for registration as a broker-dealer, non-bank municipal securities dealer, non-bank government securities broker-dealer, and to amend such applications.
Authorizing Statute(s):
US Code:
15 USC 78a et seq.
Name of Law: 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:
75 FR 22688
04/29/2010
30-day Notice:
Federal Register Citation:
Citation Date:
75 FR 39290
07/08/2010
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
Form BD/Rule 15b1-1. Application for registration as a broker- dealer (Amendments).
Form BD/Rule 15b1-1. Application for registration as a broker- dealer.
Form BD
Uniform Application for Broker-Dealer Registration
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
18,105
20,600
0
0
-2,495
0
Annual Time Burden (Hours)
6,800
8,250
0
0
-1,450
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 staff understands that although the Justification filed in 2007 included changes to the burden hour estimates, the related information submitted at the same time failed to include those changes. Consequently, the number of respondents, hour burden, and cost burden presently approved reflect the data provided in 2004 and not 2007. Thus, the changes in the number of respondents, hour burden, and cost burden described above, reflect both a correction of the numbers to reflect the changes that should have been made in 2007, along with changes that reflect adjustments in the agency's estimates from 2007 to 2010. From 2004 to 2007, the Commission staffs estimated total annual filing burden for applications filed on Form BD and Form BD amendments decreased by 1,442 hours (8,250 - 6,808 hours) due to a decrease in the estimated number of applications and amendments the staff projected broker-dealers would file on Form BD. Further, the Commission staffs estimated total annualized cost to the Federal government associated with reviewing and processing applications and amendments filed by broker-dealers on Form BD decreased by approximately $201,825 ($1,590,000 - $1,388,175) due to a change in the estimated number of applications and amendments the staff projected broker-dealers would file on Form BD. From 2007 to 2010, the Commission staffs estimated total annual filing burden for applications filed on Form BD and Form BD amendments decreased by approximately 8 hours (6,808 - 6,800 hours) due to a change in the estimated number of applications and amendments the staff projects broker-dealers will file on Form BD. Further, the Commission staffs estimated total annualized cost to the Federal government associated with reviewing and processing applications and amendments filed by broker-dealers on Form BD decreased by approximately $4,725 ($1,388,175 - $1,383,450) due to a change in the estimated number of applications and amendments the staff projects broker-dealers will file on Form BD. In sum, the Commission staff estimates that the change in the total annual filing burden for Form BD and Form BD amendments from the burden currently approved to the staff's current estimates is approximately 1,450 hours (8,250 - 6,800). Further, the Commission staff estimates that the change in total annualized cost to the Federal government associated with reviewing and processing applications and amendments filed by broker-dealers on Form BD from the cost currently approved to the staff's current estimates is approximately $206,550 ($1,590,000 - $1,383,450).
Annual Cost to Federal Government:
$1,383,450
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]?
Uncollected
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:
Bonnie Gauch 202 942-0765
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:
07/08/2010
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