Form BD and Rule 15b1-1. Application for registration as a broker- dealer

Forms and Documents

Document Name	Status
Form Form BD Form BD/Rule 15b1-1. Application for registration as a broker- dealer. Form and Instruction	Modified
Rule 15b1-1 Supporting Statement.pdf Supporting Statement A	2019-08-07

IC Document Collections

IC ID	Document Title	Status
34042	Form BD/Rule 15b1-1. Application for registration as a broker- dealer. Form and Instruction	Modified
193354	Form BD/Rule 15b1-1. Application for registration as a broker- dealer (Amendments).	Modified

ICR Details

OMB Control No: 3235-0012	ICR Reference No: 201905-3235-016
Status: Active	Previous ICR Reference No: 201601-3235-003
Agency/Subagency: SEC	Agency Tracking No: TM-270-019
Title: Form BD and Rule 15b1-1. Application for registration as a 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: 10/04/2019
	Date Received in OIRA: 08/07/2019
Terms of Clearance: In the future for this collection, please add the annual number of responses received in the burden table for response 12 (so that the public can easily track the number in ROCIS to the supporting statement; the 11,137 number is not currently listed anywhere in the supporting statement). Additionally, please update response 17 to add that authorization to omit the expiration date was approved in previous collections.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	10/31/2022	36 Months From Approved	10/31/2019
Responses	11,137	0	13,730
Time Burden (Hours)	4,118	0	4,998
Cost Burden (Dollars)	0	0	0

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Abstract: Form BD is used to apply to the Commission for registration as a broker-dealer, non-bank municipal securities dealer, or non-bank government securities broker-dealer, and to amend such applications.

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Authorizing Statute(s): US Code: 15 USC 78a et seq. 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:
	84 FR 25596	06/03/2019
30-day Notice:	Federal Register Citation:	Citation Date:
	84 FR 38086	08/05/2019
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
Form BD/Rule 15b1-1. Application for registration as a broker- dealer (Amendments).
Form BD/Rule 15b1-1. Application for registration as a broker- dealer.	Form BD	Uniform Application for Broker-Dealer Registration

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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	11,137	13,730	0	0	-2,593	0
Annual Time Burden (Hours)	4,118	4,998	0	0	-880	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 reduction in the respondents’ annual time burden (from 4,999 hours to 4,118 hours) is due to a reduction in the estimated number of applications and amendments the staff expects broker-dealers to file on Form BD.

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Annual Cost to Federal Government: $928,240

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

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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: 08/07/2019

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