Document ID: SEC-2008-0754-0001
Agency: sec
Document Type: Notice
Title: Agency Information Collection Activities; Proposals, Submissions, and Approvals
Posted Date: 2008-05-30T04:00Z

[Federal Register: May 30, 2008 (Volume 73, Number 105)]
[Notices]               
[Page 31156]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr30my08-89]                         

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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

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'') intends to submit 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. It is estimated that approximately 737 
broker-dealers withdraw from registration annually 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 
information regarding registered broker-dealers and their registered 
personnel. However, the Commission estimates that approximately 127 of 
these 737 withdrawing broker-dealers would employ third-party filers to 
file Form BDW. The broker-dealers that employ third-parties would not 
incur an hour burden and, therefore, do not incur a reporting burden. 
As discussed below, however, these broker-dealers would incur a cost 
burden with respect to Form BDW. Therefore, the 610 broker-dealers that 
withdraw from registration by filing Form BDW themselves would incur an 
aggregate annual reporting burden of 152.5 hours (610 x 0.25 hours).
    Broker-dealers that employ third-parties to file Form BDW would not 
incur a reporting burden, but would incur a cost burden in filing Form 
BDW. The Commission estimates that 127 broker-dealers would employ 
third-parties to file Form BDW. These broker-dealers would be billed by 
third-party filers at an estimated average compensation rate of $44.00 
per hour. Therefore, the total annual cost burden to broker-dealers 
that employ third-party filers to file Form BDW would be approximately 
$1,397 (i.e., 127 x 0.25 hours x $44 per hour) or $11 per withdrawing 
broker-dealer.
    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.
    Comments should be directed to: R. Corey Booth, Director/Chief 
Information Officer, Securities and Exchange Commission, C/O Shirley 
Martinson, 6432 General Green Way, Alexandria, Virginia 22312 or send 
an e-mail to: PRA_Mailbox@sec.gov. Comments must be submitted within 
60 days of this notice.

    May 21, 2008.
Nancy M. Morris,
Secretary.
[FR Doc. E8-11981 Filed 5-29-08; 8:45 am]

BILLING CODE 8010-01-P