[Federal Register Volume 69, Number 167 (Monday, August 30, 2004)]
[Notices]
[Pages 52946-52947]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E4-1967]


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SECURITIES AND EXCHANGE COMMISSION


Submission for OMB Review; Comment Request

Upon Written Request, Copies Available From: Securities and Exchange 
Commission, Office of Filings and Information Services, Washington, DC 
20549

Extension:

    Form BD/Rule 15b1-1; SEC File No. 270-19; OMB Control No. 3235-
0012

    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 for extension of the previously approved 
collection of information discussed below.

[[Page 52947]]

    Form BD (17 CFR 249.501) under the Securities Exchange Act of 1934 
(the ``Exchange Act'') is the application form used by firms to apply 
to the Commission for registration as a broker-dealer. Form BD also is 
used by firms other than banks and registered broker-dealers to apply 
to the Commission for registration as a municipal securities dealer or 
a government securities broker-dealer. In addition, Form BD is used to 
change information contained in a previous Form BD filing that becomes 
inaccurate.
    The total annual burden imposed by Form BD is approximately 8,250 
hours, based on approximately 20,600 responses (600 initial filings + 
20,000 amendments). Each initial filing requires approximately 2.75 
hours to complete and each amendment requires approximately 20 minutes 
to complete. There is no annual cost burden.
    The Commission uses the information disclosed by applicants in Form 
BD: (1) To determine whether the applicant meets the standards for 
registration set forth in the provisions of the Exchange Act; (2) to 
develop a central information resource where members of the public may 
obtain relevant, up-to-date information about broker-dealers, municipal 
securities dealers and government securities broker-dealers, and where 
the Commission, other regulators and SROs may obtain information for 
investigatory purposes in connection with securities litigation; and 
(3) to develop statistical information about broker-dealers, municipal 
securities dealers and government securities broker-dealers. Without 
the information disclosed in Form BD, the Commission could not 
effectively implement policy objectives of the Exchange Act with 
respect to its investor protection function.
    Completing and filing Form BD is mandatory in order to engage in 
broker-dealer activity. Compliance with Rule 15b1-1 does not involve 
the collection of confidential information. Please note that 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.
    General comments regarding the above information should be directed 
to the following persons: (a) Desk Officer for the Securities and 
Exchange Commission by sending an e-mail to: [email protected], and (b) R. Corey Booth, Director/Chief Information 
Officer, Office of Information Technology, Securities and Exchange 
Commission, 450 Fifth Street, NW., Washington, DC 20549. Comments must 
be submitted to OMB within 30 days of this notice.

    August 23, 2004.
Jill M. Peterson,
Assistant Secretary.
 [FR Doc. E4-1967 Filed 8-27-04; 8:45 am]
BILLING CODE 8010-01-P