Document ID: SEC-2020-0768-0003
Agency: sec
Document Type: Notice
Title: Agency Information Collection Activities; Proposals, Submissions, and Approvals
Posted Date: 2023-06-13T04:00Z

[Federal Register Volume 88, Number 113 (Tuesday, June 13, 2023)]
[Notices]
[Page 38572]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-12570]

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SECURITIES AND EXCHANGE COMMISSION

[SEC File No. 270-17, OMB Control No. 3235-0018]

Submission for OMB Review; Comment Request; Extension: Rule 15b6-
1 and Form BDW

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 (``PRA'') (44 U.S.C. 3501 et seq.), the Securities and 
Exchange Commission (``Commission'') has submitted to the Office of 
Management and Budget (``OMB'') a request for approval of extension of 
the previously approved collection of information provided for in Rule 
15b6-1 (17 CFR 240.15b6-1), under the Securities Exchange Act of 1934 
(15 U.S.C. 78a et seq.).
    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 
411 broker-dealers withdraw from Commission registration annually \1\ 
and, therefore, file a Form BDW via the internet with the Central 
Registration Depository, a computer system operated by the Financial 
Industry Regulatory Authority, Inc. that maintains information 
regarding registered broker-dealers and their registered personnel. The 
411 broker-dealers that withdraw from registration by filing Form BDW 
would incur an aggregate annual reporting burden of approximately 411 
hours.\2\
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    \1\ This estimate is based on Form BDW data collected over the 
past three years for fully registered broker-dealers. This estimate 
is based on the numbers of forms filed; therefore, the number may 
include multiple forms per broker-dealer if the broker-dealer's 
initial filing was incomplete. In fiscal year (from 10/1 through 9/
30) 2020, 499 broker-dealers withdrew from registration. In fiscal 
year 2021, 417 broker-dealers withdrew from registration. In fiscal 
year 2022, 318 broker-dealers withdrew from registration. (499 + 417 
+ 318)/3 = 411 (rounded down from 411.33).
    \2\ (411 x 1 hour) = 411 hours.
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    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.
    The public may view background documentation for this information 
collection at the following website: www.reginfo.gov. Find this 
particular information collection by selecting ``Currently under 30-day 
Review--Open for Public Comments'' or by using the search function. 
Written comments and recommendations for the proposed information 
collection should be sent by July 13, 2023 to (i) www.reginfo.gov/public/do/PRAMain and (ii) David Bottom, Director/Chief Information 
Officer, Securities and Exchange Commission, c/o John Pezzullo, 100 F 
Street NE, Washington, DC 20549, or by sending an email to: 
[email protected].

    Dated: June 7, 2023.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2023-12570 Filed 6-12-23; 8:45 am]
BILLING CODE 8011-01-P