Notice2026-02864
Agency Information Collection Activities; Submission for OMB Review; Comment Request; Extension: Rule 15b11-1 and 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
February 12, 2026
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 91 Issue 29 (Thursday, February 12, 2026)</title>
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[Federal Register Volume 91, Number 29 (Thursday, February 12, 2026)]
[Notices]
[Page 6720]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2026-02864]
[[Page 6720]]
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SECURITIES AND EXCHANGE COMMISSION
[OMB Control No. 3235-0556]
Agency Information Collection Activities; Submission for OMB
Review; Comment Request; Extension: Rule 15b11-1 and 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 (44 U.S.C. 3501 et seq.), the Securities and Exchange
Commission (``SEC'' or ``Commission'') is submitting to the Office of
Management and Budget (``OMB'') this request for extension of the
proposed 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 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 contained in any
notice of registration filed on Form BD-N is or becomes inaccurate for
any reason, the broker or dealer shall promptly file an amendment on
the form correcting such information.
The total industry-wide annual time burden imposed by Form BD-N is
approximately 2.25 hours, based on approximately 9 responses (0 initial
filings + 9 amendments). Each initial application filed on Form BD-N
requires approximately 0.5 hours to complete and each amended Form BD-N
requires approximately 0.25 hours to complete. (0 x 0.5 hours = 0
hours; 9 x 0.25 hours = 2.25 hours; 0 hours + 2.25 hours = 2.25 hours).
The staff believes that a notice-registered broker-dealer would have a
Compliance Manager complete and file amendments on Form BD-N at a cost
of $385/hour. Consequently, the staff estimates that the total
monetized internal cost of compliance associated with the annual time
burden is approximately $866.25 per year ($385/hour x 2.25 hours).
An agency may not conduct or sponsor, and a person is not required
to respond to, a collection of information unless it displays a
currently valid OMB Control Number.
The public may view and comment on this information collection
request at: <a href="https://www.reginfo.gov/public/do/PRAViewICR?ref_nbr=202512-3235-005">https://www.reginfo.gov/public/do/PRAViewICR?ref_nbr=202512-3235-005</a> or email comment to
<a href="/cdn-cgi/l/email-protection#602d22384e2f2d224e2f2932214e3325233f0405130b3f0f060609030512200f0d024e050f104e070f16"><span class="__cf_email__" data-cfemail="5f121d077110121d7110160d1e710c1a1c003b3a2c3400303939363c3a2d1f30323d713a302f71383029">[email protected]</span></a> within 30 days of the day
after publication of this notice, by March 16, 2026.
Dated: February 10, 2026.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2026-02864 Filed 2-11-26; 8:45 am]
BILLING CODE 8011-01-P
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