Form BD/Rule 15b1-1. Application for registration as a broker- dealer.

Forms and Documents

Document Name	Status
Form Form BD Form BD/Rule 15b1-1. Application for registration as a broker- dealer. Form and Instruction	Modified
2010 Rule 15b1-1 Justification.doc Supporting Statement A	2010-06-22

IC Document Collections

IC ID	Document Title	Status
34042	Form BD/Rule 15b1-1. Application for registration as a broker- dealer. Form and Instruction	Modified
193354	Form BD/Rule 15b1-1. Application for registration as a broker- dealer (Amendments).	New

ICR Details

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
	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

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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.

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Authorizing Statute(s): US Code: 15 USC 78a et seq. Name of Law: Securities Exchange Act of 1934
  

Citations for New Statutory Requirements: None

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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:
	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

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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.	Form BD	Uniform Application for Broker-Dealer Registration
Form BD/Rule 15b1-1. Application for registration as a broker- dealer (Amendments).

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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 staff’s 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 staff’s 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 staff’s 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 staff’s 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).

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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

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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: 07/08/2010

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