Notice2023-00666
Submission for OMB Review; Comment Request; Extension: Rule 15b11-1/Form BD-N
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
January 17, 2023
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 88 Issue 10 (Tuesday, January 17, 2023)</title>
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[Federal Register Volume 88, Number 10 (Tuesday, January 17, 2023)]
[Notices]
[Pages 2696-2697]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-00666]
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SECURITIES AND EXCHANGE COMMISSION
[SEC File No. 270-498, OMB Control No. 3235-0556
Submission for OMB Review; Comment Request; Extension: Rule
15b11-1/Form BD-N
Upon Written Request, Copies Available From: Securities and Exchange
Commission, Office of FOIA Services, 100 F Street NE, Washington, DC
20549-2736
Notice is hereby given that, pursuant to the Paperwork Reduction
Act of 1995 (``PRA'') (44 U.S.C. 3501 et seq.), the Securities and
Exchange Commission (``Commission'') has submitted to the Office of
Management and Budget (``OMB'') a request for approval of extension of
the previously approved collection of information provided for in Rule
15b11-1 (17 CFR 240.15b11-1) under the Securities Exchange Act of 1934
(``Exchange Act'') (15 U.S.C. 78a et seq.) and Form BD-N (17 CFR
249.501b).
Rule 15b11-1 provides that a broker or dealer may register by
notice pursuant to section 15(b)(11)(A) of the Exchange Act (15 U.S.C.
78o(b)(11)(A)) if it: (1) is registered with the Commodity Futures
Trading Commission as a futures commission merchant or an introducing
broker, as those terms are defined in the Commodity Exchange Act (7
U.S.C. 1, et seq.); (2) is a member of the National Futures Association
or another national securities association registered under section
15A(k) of the Exchange Act (15 U.S.C. 78o-3(k)); and (3) is not
required to register as a broker or dealer in connection with
transactions in securities other than security futures
[[Page 2697]]
products. The rule also requires a broker or dealer registering by
notice to do so by filing Form BD-N in accordance with the instructions
to the form. In addition, the rule provides that if the information
provided by filing the form is or becomes inaccurate for any reason,
the broker or dealer shall promptly file an amendment on the form
correcting such information.
The Commission staff estimates that the total annual reporting
burden associated with Rule 15b11-1 and Form BD-N is approximately
three hours, based on an average of zero initial notice registrations
per year that each take approximately 30 minutes to complete, for zero
hours, plus an average of eleven amendments per year that each take
approximately fifteen minutes to complete, for 2.75 hours, rounded up
to three hours, for a total of three hours.
An agency may not conduct or sponsor, and a person is not required
to respond to, a collection of information under the PRA unless it
displays a currently valid OMB control number.
The public may view background documentation for this information
collection at the following website: <a href="http://www.reginfo.gov">www.reginfo.gov</a>. Find this
particular information collection by selecting ``Currently under 30-day
Review--Open for Public Comments'' or by using the search function.
Written comments and recommendations for the proposed information
collection should be sent by February 16, 2023 to (i) <a href="http://www.reginfo.gov/public/do/PRAMain">www.reginfo.gov/public/do/PRAMain</a> and (ii) David Bottom, Director/Chief Information
Officer, Securities and Exchange Commission, c/o John Pezzullo, 100 F
Street NE, Washington, DC 20549, or by sending an email to:
<a href="/cdn-cgi/l/email-protection#633331223c2e020a0f010c1b231006004d040c15"><span class="__cf_email__" data-cfemail="b6e6e4f7e9fbd7dfdad4d9cef6c5d3d598d1d9c0">[email protected]</span></a>.
Dated: January 9, 2023.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2023-00666 Filed 1-13-23; 8:45 am]
BILLING CODE 8011-01-P
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