Rule 15b9-1 – Exemption for Certain Exchange Members

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
3235-0743_30-Day Submission Notice.pdf.pdf	Supplementary Document	Uploaded 2026-09-14	Available
3235-0743_60-Day Collection Notice.pdf	Supplementary Document	Uploaded 2026-07-09	Available
2026 Rule 15b9-1 Supporting Statement.pdf	Supporting Statement A	Uploaded 2026-06-23	Available

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
255974	Maintaining and Enforcing Written Policies and Procedures		Modified
255973	Establishing Written Policies and Procedures		Modified

ICR Details

OMB Control No: 3235-0743	ICR Reference No: 202606-3235-015
Status: Received in OIRA	Previous ICR Reference No: 202308-3235-022
Agency/Subagency: SEC	Agency Tracking No: TM
Title: Rule 15b9-1 – Exemption for Certain Exchange Members
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: 09/14/2026

table that charts list comparision

	Requested	Previously Approved
Expiration Date	36 Months From Approved	10/31/2026
Responses	6	34
Time Burden (Hours)	152	861
Cost Burden (Dollars)	0	0

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Abstract: 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 amendments adopted in August 2023, a broker-dealer relying on Rule 15b9-1 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.

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Authorizing Statute(s): US Code: 15 USC 78o(b)(9) 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:
	91 FR 42570	07/09/2026
30-day Notice:	Federal Register Citation:	Citation Date:
	91 FR 58236	09/14/2026
Did the Agency receive public comments on this ICR? No

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

table that charts list of burden

IC Title	Form No.	Form Name
Establishing Written Policies and Procedures
Maintaining and Enforcing Written Policies and Procedures

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ICR Summary of Burden

table that charts list 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	6	34	0	0	-28	0
Annual Time Burden (Hours)	152	861	0	0	-709	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 total annual hour burden represents a decrease from the burden estimate previously submitted to OMB for the 2023 Adopted Amendments. The change in estimated burden is a result of a decrease in the estimated number of non-FINRA brokers or dealers that rely on the stock-option order exemption, from 17 to 3. As a result, the estimated total annual industry hourly burden changed from 816.39 hours to 152.01 hours, a decrease of 664.38 hours.

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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: 09/14/2026

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