Exchange Act Rule 9b-1 (17 CFR 240.9b-1): Options Disclosure Document

Forms and Documents

Document Name	Status
3235-0480 60 Day Notice.pdf Supplementary Document	2021-05-17
3235-0480 30 Day Notice.pdf Supplementary Document	2021-05-17
DGL REVISED 2021 9b-1 Justification DGL.doc DGL REVISED.pdf Supporting Statement A	2021-02-26

IC Document Collections

IC ID	Document Title	Status
35213	Exchange Act Rule 9b-1 (17 CFR 240.9b-1): Options Disclosure Document	Modified
200186	Exchange Act Rule 9b-1 (17 CFR 240.9b-1): Options Disclosure Document	Modified

ICR Details

OMB Control No: 3235-0480	ICR Reference No: 202101-3235-018
Status: Received in OIRA	Previous ICR Reference No: 201712-3235-007
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	Date Submitted to OIRA: 05/17/2021

	Requested	Previously Approved
Expiration Date	36 Months From Approved	05/31/2021
Responses	159,168	178,509
Time Burden (Hours)	1,710	1,847
Cost Burden (Dollars)	0	0

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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.

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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

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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:
	86 FR 13410	03/08/2021
30-day Notice:	Federal Register Citation:	Citation Date:
	86 FR 26744	05/17/2021
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
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

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ICR Summary of Burden

	Total Request	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	159,168	178,509	0	0	-19,341	0
Annual Time Burden (Hours)	1,710	1,847	0	0	-137	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 estimated net decrease in the time burden is the result of two factors: an increase in the reporting burden for the options exchanges and a decrease in the broker-dealers’ burden of furnishing the ODD to customers. The increase in the reporting burden for the options exchanges is due to an increase in the estimated number of options markets that must comply with Rule 9b-1 from 15 to 16. The burden for furnishing the ODD to customers decreased because the number of broker-dealers that must comply with Rule 9b-1 decreased from 1,144 to 1,020.

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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? No

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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: 05/17/2021

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