Rule 15b9-1 – Exemption for Certain Exchange Members

ICR 202209-3235-013

OMB: 3235-0743

Federal Form Document

Forms and Documents
Supporting Statement A
ICR Details
3235-0743 202209-3235-013
Received in OIRA 201602-3235-003
SEC TM-270-665
Rule 15b9-1 – Exemption for Certain Exchange Members
New collection (Request for a new OMB Control Number)   No
Regular 09/18/2022
  Requested Previously Approved
36 Months From Approved
14 0
355 0
0 0

Rule 15b9-1 provides an exemption for certain broker-dealers from the Securities Exchange Act of 1934 requirement to become a member of a national securities association. Under the proposed amendments to this Rule, a broker-dealer relying on the Rule would be permitted to effect securities transactions otherwise than on a national securities exchange of which it is a member if the transactions are solely for the purpose of executing the stock leg of a stock-option order, and the broker-dealer establishes, maintains and enforces written policies and procedures reasonably designed to ensure and demonstrate that such transactions are solely for such purpose. NOTE: This rule was first proposed in 2016; the Commission recently re-proposed it and is submitting a new PRA package for OMB's review.

US Code: 15 USC 78o(b)(9) Name of Law: Securities Exchange Act of 1934

3235-AN17 Proposed rulemaking 87 FR 49930 08/12/2022


  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 14 0 0 14 0 0
Annual Time Burden (Hours) 355 0 0 355 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
Changing Regulations
The Commission recently re-proposed amendments to Rule 15b9-1 that would result in certain collections of information. These are discussed in more detail in the attached Supporting Statement.

Michael Bradley 202 551-5594


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:
    (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;
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.

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