Document ID: SEC-2008-1160-0001
Agency: sec
Document Type: Notice
Title: Agency Information Collection Activities; Proposals, Submissions, and Approvals
Posted Date: 2008-08-20T04:00Z

[Federal Register: August 20, 2008 (Volume 73, Number 162)]
[Notices]               
[Page 49224]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr20au08-91]                         

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SECURITIES AND EXCHANGE COMMISSION

 
Submission for OMB Review; 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 the following rule: 17 CFR 240.15b6-1.
    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.
    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 control number. Rule 15b6-1 does not have a retention 
of records requirement.
    Comments should be directed to (i) Desk Officer for the Securities 
and Exchange Commission, Office of Information and Regulatory Affairs, 
Office of Management and Budget, Room 10102, New Executive Office 
Building, Washington, DC 20503 or by sending an e-mail to: Alexander_
T._Hunt@omb.eop.gov; and (ii) Lewis W. Walker, Acting CIO/Chief 
Information Officer, Securities and Exchange Commission, c/o Shirley 
Martinson, 6432 General Green Way, Alexandria, VA 22312 or send an e-
mail to: PRA_Mailbox@sec.gov. Comments must be submitted within 30 
days of this notice.

    Dated: August 13, 2008,
Florence E. Harmon,
Acting Secretary.
[FR Doc. E8-19230 Filed 8-19-08; 8:45 am]

BILLING CODE 8010-01-P