Rule 15b11-1 and Form BD-N: Application for Registration as a Notice Registered Broker-Dealer

Forms and Documents

Document Name	Status

No forms / supporting documents in this ICR. Check IC Document Collections.

IC Document Collections

IC ID	Document Title	Status
35386	Amendments to Form BD-N Form and Instruction	Modified
194765	Form BD-N Initial Applications Form and Instruction	Modified

ICR Details

OMB Control No: 3235-0556	ICR Reference No: 202512-3235-005
Status: Received in OIRA	Previous ICR Reference No: 202211-3235-003
Agency/Subagency: SEC	Agency Tracking No: TM
Title: Rule 15b11-1 and Form BD-N: Application for Registration as a Notice Registered Broker-Dealer
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular	Date Submitted to OIRA: 02/12/2026

	Requested	Previously Approved
Expiration Date	36 Months From Approved	04/30/2026
Responses	10	12
Time Burden (Hours)	2	3
Cost Burden (Dollars)	0	0

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Abstract: Form BD-N is used by futures commission merchants (FCMs) and introducing brokers (IBs) that are registered with the Commodity Futures Trading Commission to register by notice with the Securities and Exchange Commission (Commission) as broker-dealers for the purpose of effecting transactions in security futures products. Form BD-N is used to elicit basic identification information, as well as information that allows the Commission staff to ensure that the FCMs and IBs meet the statutory conditions to register by notice pursuant to Section 15(b)(11) of the Exchange Act. Form BD-N is also used to amend a previously filed Forms BD-N.

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Authorizing Statute(s): US Code: 15 USC 78o(a), 78o(b), 78q(a), and 78 Name of Law: Sections 15(a), 15(b), 17(a) and 23(a) of the Securities Exchange Act of 1934
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	90 FR 57236	12/10/2025
30-day Notice:	Federal Register Citation:	Citation Date:
	91 FR 6720	02/12/2026
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 2

IC Title	Form No.	Form Name
Amendments to Form BD-N	SEC 1500	BD-N
Form BD-N Initial Applications	SEC 1500	Form BD-N

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ICR Summary of Burden

	Total Request	Previously Approved	Change Due to New Statute	Change Due to Agency Discretion	Change Due to Adjustment in Estimate	Change Due to Potential Violation of the PRA
Annual Number of Responses	10	12	0	0	-2	0
Annual Time Burden (Hours)	2	3	0	0	-1	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: The total annual reporting burden associated with Rule 15b11-1 and Form BD-N decreased by approximately 0.75 hours because the estimated number of amendments filed on Form BD-N decreased from eleven to approximately nine while the estimated number of initial filings stayed the same. In 2022, Commission staff estimated that the total annual reporting burden associated with Form BD-N and Form BD-N amendments was approximately 3 burden hours. Currently, in 2025, Commission staff estimates that the total annual reporting burden associated with Rule 15b11-1 and Form BD-N is approximately 2.25 burden hours. As the estimated average number of initial applications filed on Form BD-N remained at zero filings annually, and the estimated average annual number of amendments filed on Form BD-N decreased from eleven to approximately nine since the last filing with OMB, Commission staff estimates that the total annual reporting burden associated with Rule 15b11-1 and Form BD-N has decreased from approximately 3 burden hours to approximately 2.25 burden hours, for an decrease in burden of approximately 0.75 hours.

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Annual Cost to Federal Government:

Does this IC contain surveys, censuses, or employ statistical methods? No

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination.     No

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination.     No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? No

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Common Form ICR:  No

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On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).

The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(i) Why the information is being collected;

(ii) Use of information;

(iii) Burden estimate;

(iv) Nature of response (voluntary, required for a benefit, or mandatory);

(v) Nature and extent of confidentiality; and

(vi) Need to display currently valid OMB control number;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.

Certification Date: 02/12/2026

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