Notice2023-12570
Submission for OMB Review; Comment Request; Extension: Rule 15b6-1 and Form BDW
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
June 13, 2023
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 88 Issue 113 (Tuesday, June 13, 2023)</title>
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[Federal Register Volume 88, Number 113 (Tuesday, June 13, 2023)]
[Notices]
[Page 38572]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-12570]
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SECURITIES AND EXCHANGE COMMISSION
[SEC File No. 270-17, OMB Control No. 3235-0018]
Submission for OMB Review; Comment Request; Extension: Rule 15b6-
1 and Form BDW
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
15b6-1 (17 CFR 240.15b6-1), under the Securities Exchange Act of 1934
(15 U.S.C. 78a et seq.).
Registered broker-dealers use Form BDW (17 CFR 249.501a) to
withdraw from registration with the Commission, the self-regulatory
organizations, and the states. On average, the Commission estimates
that it would take a broker-dealer approximately one hour to complete
and file a Form BDW to withdraw from Commission registration as
required by Rule 15b6-1. The Commission estimates that approximately
411 broker-dealers withdraw from Commission registration annually \1\
and, therefore, file a Form BDW via the internet with the Central
Registration Depository, a computer system operated by the Financial
Industry Regulatory Authority, Inc. that maintains information
regarding registered broker-dealers and their registered personnel. The
411 broker-dealers that withdraw from registration by filing Form BDW
would incur an aggregate annual reporting burden of approximately 411
hours.\2\
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\1\ This estimate is based on Form BDW data collected over the
past three years for fully registered broker-dealers. This estimate
is based on the numbers of forms filed; therefore, the number may
include multiple forms per broker-dealer if the broker-dealer's
initial filing was incomplete. In fiscal year (from 10/1 through 9/
30) 2020, 499 broker-dealers withdrew from registration. In fiscal
year 2021, 417 broker-dealers withdrew from registration. In fiscal
year 2022, 318 broker-dealers withdrew from registration. (499 + 417
+ 318)/3 = 411 (rounded down from 411.33).
\2\ (411 x 1 hour) = 411 hours.
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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 July 13, 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#ecbcbeadb3a18d85808e8394ac9f898fc28b839a"><span class="__cf_email__" data-cfemail="8ddddfccd2c0ece4e1efe2f5cdfee8eea3eae2fb">[email protected]</span></a>.
Dated: June 7, 2023.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2023-12570 Filed 6-12-23; 8:45 am]
BILLING CODE 8011-01-P
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