[Federal Register Volume 84, Number 238 (Wednesday, December 11, 2019)]
[Notices]
[Page 67763]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-26629]
[[Page 67763]]
=======================================================================
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[SEC File No. 270-498, OMB Control No. 3235-0556]
Proposed Collection; Comment Request
Upon Written Request, Copies Available From: Securities and Exchange
Commission, Office of FOIA Services, 100 F Street NE, Washington, DC
20549-2736.
Extension:
Rule 15b11-1/Form BD-N.
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'') is soliciting comments on the
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). The
Commission plans to submit this existing collection of information to
the Office of Management and Budget (``OMB'') for extension and
approval.
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 (17 CFR 249.501b) 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 two
hours, based on an average of two initial notice registrations per year
that each take approximately 30 minutes to complete, for one hour, plus
an average of three amendments per year that each take approximately
fifteen minutes to complete, for 0.75 hours, rounded up to one hour,
for a total of two hours.
Written comments are invited on: (a) Whether the proposed
collection of information is necessary for the proper performance of
the functions of the Commission, including whether the information
shall have practical utility; (b) the accuracy of the Commission's
estimates of the burden of the proposed collection of information; (c)
ways to enhance the quality, utility, and clarity of the information
collected; and (d) ways to minimize the burden of the collection of
information on respondents, including through the use of automated
collection techniques or other forms of information technology.
Consideration will be given to comments and suggestions submitted in
writing within 60 days of this publication.
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.
Please direct your written comments to: Charles Riddle, Acting
Director/Chief Information Officer, Securities and Exchange Commission,
c/o Cynthia Roscoe, 100 F Street NE, Washington, DC 20549, or send an
email to: [email protected].
Dated: December 5, 2019.
Jill M. Peterson,
Assistant Secretary.
[FR Doc. 2019-26629 Filed 12-10-19; 8:45 am]
BILLING CODE 8011-01-P