Document ID: SEC-2011-0622-0001
Agency: sec
Document Type: Notice
Title: Agency Information Collection Activities; Proposals, Submissions, and Approvals
Posted Date: 2011-05-04T04:00Z

[Federal Register Volume 76, Number 86 (Wednesday, May 4, 2011)]
[Notices]
[Pages 25381-25382]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2011-10852]

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SECURITIES AND EXCHANGE COMMISSION

Proposed Collection; Comment Request

Upon Written Request, Copies Available From: U.S. Securities and 
Exchange Commission, Office of Investor Education and Advocacy, 
Washington, DC 20549-0213.

    Rule 15b6-1 and Form BDW; OMB Control No. 3235-0018; SEC File 
No. 270-17.

    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 
(``Commission'') has submitted to the Office of Management and Budget a 
request to revise the collection of information discussed below. The 
Code of Federal Regulations citation to this collection of information 
is 17 CFR 240.15b6-1.
    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 
515 broker-dealers withdraw from Commission registration annually \1\ 
and, therefore, file a Form BDW via the Internet with Web CRD, a 
computer system operated by the Financial Industry Regulatory 
Authority, Inc. that maintains

[[Page 25382]]

information regarding registered broker-dealers and their registered 
personnel. Therefore, the 515 broker-dealers that withdraw from 
registration by filing Form BDW would incur an aggregate annual 
reporting burden of approximately 515 hours.\2\
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    \1\ This estimate is based on Form BDW data collected over the 
past three years. In fiscal year (from 10/1 through 9/30) 2008, 503 
broker-dealers withdrew from registration. In fiscal year 2009, 533 
broker-dealers withdrew from registration. In fiscal year 2010, 510 
broker-dealers withdrew from registration. (503 + 533 + 510)/3 = 
515.
    \2\ (515 x 1 hour) = 515 hours.
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    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 to 
be 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.
    The Commission may not conduct or sponsor a collection of 
information unless it displays a currently valid control number. No 
person shall be subject to any penalty for failing to comply with a 
collection of information subject to the PRA that does not display a 
valid Office of Management and Budget (OMB) control number.
    Please direct your written comments to: Thomas Bayer, Chief 
Information Officer, Securities and Exchange Commission, c/o Remi 
Pavlik-Simon, 6432 General Green Way, Alexandria, VA 22312 or send an 
e-mail to: PRA_Mailbox@sec.gov.

     Dated: April 28, 2011.
Cathy H. Ahn,
Deputy Secretary.
[FR Doc. 2011-10852 Filed 5-3-11; 8:45 am]
BILLING CODE 8011-01-P