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

Forms and Documents

Document Name	Status
Rule 15b11-1 Form BDN Justification.doc Supporting Statement A	2007-09-06

IC Document Collections

IC ID	Document Title	Status
35386	Form BD-N/Rule 15b11-1. Application for registration as a notice registered broker-dealer.	Modified

ICR Details

OMB Control No: 3235-0556	ICR Reference No: 200708-3235-022
Status: Historical Active	Previous ICR Reference No: 200408-3235-014
Agency/Subagency: SEC	Agency Tracking No: 270-498
Title: Form BD-N/Rule 15b11-1. Application for registration as a notice registered broker-dealer.
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved with change	Conclusion Date: 02/20/2008
	Date Received in OIRA: 11/05/2007
Terms of Clearance: The agency improperly classified the burden change as due to agency discretion, because the change in burden was due to a decrease in the number of notice-registered broker-dealers filing these forms. Accordingly, OMB reclassified the change as an adjustment.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	02/28/2011	36 Months From Approved	02/29/2008
Responses	16	0	79
Time Burden (Hours)	8	0	36
Cost Burden (Dollars)	0	0	0

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Abstract: Form BD-N is used to apply to the Commission for registration as a notice registered broker-dealer and to amend such applications.

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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

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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:
	72 FR 49746	08/29/2007
30-day Notice:	Federal Register Citation:	Citation Date:
	72 FR 62499	11/03/2007
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
Form BD-N/Rule 15b11-1. Application for registration as a notice registered broker-dealer.

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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	16	79	0	0	-63	0
Annual Time Burden (Hours)	8	36	0	0	-28	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: Yes

Burden Reduction Due to: Miscellaneous Actions

Short Statement: The Commission staff previously estimated the total annual filing burden for Form BD-N and Form BD-N amendments to be 36 hours. Because of the estimated decline in the total number of responses, Commission staff now estimates that the total annual filing burden for Form BD-N and Form BD-N amendments is 8 hours (8 + 0). The Commission staff previously estimated 579 respondents. Based on the number of initial applications on Form BD-N the NFA received in fiscal year 2006, Commission staff estimates that the total number of initial applications that the NFA will receive on Form BD-N will be approximately 16.

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Annual Cost to Federal Government: $0

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]? Uncollected

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)? Uncollected

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: 11/05/2007

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