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View ICR - OIRA Conclusion

OMB Control No: 3235-0497	ICR Reference No: 200911-3235-001
Status: Historical Active	Previous ICR Reference No: 200610-3235-004
Agency/Subagency: SEC	Agency Tracking No: TM-270-441
Title: Rule 15c3-4; Internal Risk Management Control Systems.
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR: No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 03/23/2010
	Date Received in OIRA: 01/13/2010
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	03/31/2013	36 Months From Approved	03/31/2010
Responses	5	0	6
Time Burden (Hours)	1,567	0	1,200
Cost Burden (Dollars)	404,200	0	136,698

ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to Adjustment in Estimate
Annual Number of Responses	5	6	-1
Annual Time Burden (Hours)	1,567	1,200	367
Annual Cost Burden (Dollars)	404,200	136,698	267,502

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 number of respondents decreased by one, from six OTC derivatives dealers to five. The Commission also has adjusted the cost, based on updated salary information, from $205 per hour to $285 per hour. Finally, this PRA includes in the Total Annualized Cost Burden the costs associated with the burden to maintain the system incurred by registered OTC derivatives dealers. While the last PRA did estimate the burden hours associated with the annual maintenance of an OTC derivatives dealer's risk management control system, it did not include that estimate when calculating the Total Annualized Cost Burden (instead only the burden relative to the establishing and documenting the risk management control system were included in the cost estimate.

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