Form BD-N/Rule 15b11-1 Application for registration as a notice registered broker-dealer

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
Form SEC 1500 Amendments for Form BD-N	Form and Instruction	Modified	Available
Form SEC 1500 Form BD-N Initial Applications	Form and Instruction	Unchanged	Available
3235-0556 60 Day Notice.pdf	Supplementary Document	Uploaded 2020-02-25	Available
OMB 3235-0556 30 Day Notice.pdf	Supplementary Document	Uploaded 2020-02-25	Available
DGL REVISED 2019 Justification Rule 15b11-1 and Form BDN PRA renewal (new).pdf	Supporting Statement A	Uploaded 2019-11-26	Available

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
35386	Amendments for Form BD-N	Form and Instruction	Modified
194765	Form BD-N Initial Applications	Form and Instruction	Unchanged

ICR Details

OMB Control No: 3235-0556	ICR Reference No: 201911-3235-010
Status: Active	Previous ICR Reference No: 201610-3235-040
Agency/Subagency: SEC	Agency Tracking No: TM-270-498
Title: Form BD-N/Rule 15b11-1 Application for registration as a notice registered 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: 04/08/2020
	Date Received in OIRA: 02/25/2020
Terms of Clearance:

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	04/30/2023	36 Months From Approved	06/30/2020
Responses	5	0	11
Time Burden (Hours)	2	0	3
Cost Burden (Dollars)	0	0	0

---

Abstract: Form BD-N is used to elicit basic identification information as well as information that allows the Commission staff to ensure that the futures commission merchants and introducing brokers meet the statutory conditions to register by notice pursuant to Section 15(b)(11) of the Exchange Act. Form BD-N is (a) used by futures commission merchants (FCMs), (b) used by introducing brokers (IBs)that are registered with the Commodity Futures Trading Commission to register with the SEC as broker-dealers for the purpose of effecting transactions in security futures products, and (c) used to amend a previously filed Form BD-N.

---

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:
	84 FR 67763	12/11/2019
30-day Notice:	Federal Register Citation:	Citation Date:
	85 FR 10201	02/21/2020
Did the Agency receive public comments on this ICR? No

---

Number of Information Collection (IC) in this ICR: 2

table that charts list of burden

IC Title	Form No.	Form Name
Amendments for Form BD-N	SEC 1500	BD-N
Form BD-N Initial Applications	SEC 1500	Form BD-N

---

ICR Summary of Burden

table that charts list 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	5	11	0	0	-6	0
Annual Time Burden (Hours)	2	3	0	0	-1	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 total annual reporting burden associated with Rule 15b11-1 and Form BD-N decreased by approximately one hour due to the estimated number of amendments filed on Form BD-N falling from 9 to 3.

---

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]? 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

---

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: 02/25/2020

---