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Please note that the OMB number and expiration date may not have been determined when this Information Collection Request and associated Information Collection forms were submitted to OMB. The approved OMB number and expiration date may be found by clicking on the Notice of Action link below.
View ICR - OIRA Conclusion
OMB Control No:
3235-0695
ICR Reference No:
202401-3235-014
Status:
Active
Previous ICR Reference No:
202306-3235-027
Agency/Subagency:
SEC
Agency Tracking No:
TM-270-646
Title:
Rule 17Ad-22 Clearing Agency Standards for Operation and Governance
Type of Information Collection:
Revision of a currently approved collection
Common Form ICR:
No
Type of Review Request:
Regular
OIRA Conclusion Action:
Approved without change
Conclusion Date:
03/15/2024
Retrieve Notice of Action (NOA)
Date Received in OIRA:
01/18/2024
Terms of Clearance:
Inventory as of this Action
Requested
Previously Approved
Expiration Date
03/31/2027
04/30/2026
04/30/2026
Responses
251
0
247
Time Burden (Hours)
9,131
0
8,532
Cost Burden (Dollars)
14,041,280
0
14,041,280
Abstract:
Rule 17Ad-22 establishes minimum standards for the governance, operations, and risk management of registered clearing agencies and "covered clearing agencies" (which are registered clearing agencies that provide central counterparty or central securities depository services). Specifically, Rule 17Ad-22(e) includes requirements for covered clearing agencies, as defined in Rule 17Ad-22(a)(5); Rule 17Ad-22(d) includes requirements for all registered clearing agencies that are not covered clearing agencies; and Rules 17Ad-22(b) and (c) include certain other requirements for registered clearing agencies that perform central counterparty services. This submission is a revision of the previous approved collection. This submission adds two new information collections ("17Ad-22(e)(6) (Treasury Clearing)" and "17Ad-22(e)(18) (Treasury Clearing)") to the previous approved collection. This submission makes no other changes to the previous approved collection.
Authorizing Statute(s):
US Code:
15 USC 78c-3
Name of Law: Securities Exchange Act of 1934
US Code:
15 USC 78q-1
Name of Law: Securities Exchange Act of 1934
US Code:
15 USC 5464(a)(2)
Name of Law: Wall Street Reform and Consumer Protection Act
Citations for New Statutory Requirements:
US Code: 12 USC 5464(a)(2) Name of Law: Wall Street Reform and Consumer Protection Act
Associated Rulemaking Information
RIN:
Stage of Rulemaking:
Federal Register Citation:
Date:
3235-AN09
Final or interim final rulemaking
89 FR 2714
01/16/2024
Federal Register Notices & Comments
Did the Agency receive public comments on this ICR?
No
Number of Information Collection (IC) in this ICR:
54
IC Title
Form No.
Form Name
IC 35 - 17Ad-22(e)(15) (for respondents already registered)
IC 37 - 17Ad-22(e)(16) (for respondents already registered)
IC 53 - 17Ad-22(e)(18) (Treasury Clearing)
IC 54 - 17Ad-22(e)(6) (Treasury Clearing)
IC1 - Rules 17Ad-22(b)(1)-(3)
IC10 - 17Ad-22(e)(2) (for respondents already registered)
IC11 - 17Ad-22(e)(2) (for respondent not registered)
IC12 - 17Ad-22(e)(3) (for respondents already registered)
IC13 - 17Ad-22(e)(3) (for respondent not registered)
IC14 - 17Ad-22(e)(4) (for respondents already registered)
IC15 - 17Ad-22(e)(4) (for respondent not registered)
IC16 - 17Ad-22(e)(5) (for respondents already registered)
IC17 - 17Ad-22(e)(5) (for respondent not registered)
IC18 - 17Ad-22(e)(6) (for respondents already registered)
IC19 - 17Ad-22(e)(6) (for respondent not registered)
IC2 - Rule 17Ad-22(b)(4) - Model Validation
IC20 - 17Ad-22(e)(7) (for respondents already registered)
IC21 - 17Ad-22(e)(7) (for respondent not registered)
IC22 - 17Ad-22(e)(8) (for respondents already registered)
IC23 - 17Ad-22(e)(8) (for respondent not registered)
IC24 - 17Ad-22(e)(9) (for respondents already registered)
IC25 - 17Ad-22(e)(9) (for respondent not registered)
IC26 - 17Ad-22(e)(10) (for respondents already registered)
IC27 - 17Ad-22(e)(10) (for respondent not registered)
IC28 - Rule 17Ad-22(e)(11)
IC29 - 17Ad-22(e)(12) (for respondents already registered)
IC3 - Rules 17Ad-22(b)(5)-(7)
IC30 - 17Ad-22(e)(12) (for respondents not registered)
IC31 - 17Ad-22(e)(13) (for respondents already registered)
IC32 - 17Ad-22(e)(13) (for respondent not registered)
IC33 - 17Ad-22(e)(14) (for respondents already registered)
IC34 - 17Ad-22(e)(14) (for respondent not registered)
IC36 - 17Ad-22(e)(15) (for respondent not registered)
IC38 - 17Ad-22(e)(16) (for respondent not registered)
IC39 - 17Ad-22(e)(17) (for respondents already registered
IC4 - Rule 17Ad-22(c)(1) - Record of Financial Resources
IC40 - 17Ad-22(e)(17) (for respondent not registered)
IC41 - 17Ad-22(e)(18) (for respondents already registered)
IC42 - 17Ad-22(e)(18) (for respondent not registered)
IC43 - 17Ad-22(e)(19) (for respondents already registered)
IC44 - 17Ad-22(e)(19) (for respondent not registered)
IC45 - 17Ad-22(e)(20) (for respondents already registered)
IC46 - 7Ad-22(e)(20) (for respondent not registered)
IC47 - 17Ad-22(e)(21) (for respondents already registered)
IC48 - 17Ad-22(e)(21) (for respondent not registered)
IC49 - 17Ad-22(e)(22) (for respondents already registered)
IC5 - Rule 17Ad-22(c)(2) (for respondents already registered)
IC50 - 17Ad-22(e)(22) (for respondent not registered)
IC51 - 17Ad-22(e)(23) (for respondents already registered)
IC52 - 17Ad-22(e)(23) (for respondent not registered)
IC6 - Rule 17Ad-22(c)(2) (for respondents not registered)
IC7 - Rules 17Ad-22(d)(1)-(15)
IC9 - 17Ad-22(e)(1) (for respondent not registered)
Rule 17Ad-22(e)(1)
ICR Summary of Burden
Total Approved
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
251
247
0
4
0
0
Annual Time Burden (Hours)
9,131
8,532
0
599
0
0
Annual Cost Burden (Dollars)
14,041,280
14,041,280
0
0
0
0
Burden increases because of Program Change due to Agency Discretion:
Yes
Burden Increase Due to:
Changing Regulations
Burden decreases because of Program Change due to Agency Discretion:
No
Burden Reduction Due to:
Short Statement:
The Commission recently adopted amendments to the rule that would add new collections of information related to Treasury Clearing. There is no change in the estimated burdens from the proposing stage. The revised information collection is discussed in more detail in the attached Supporting Statement.
Annual Cost to Federal Government:
$0
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]?
Yes
Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)?
No
Is this ICR related to the Pandemic Response?
No
Agency Contact:
Robert Zak 202 551-5965
Common Form ICR:
No
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:
01/18/2024