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View ICR - OIRA Conclusion

OMB Control No: 3235-0696	ICR Reference No: 201505-3235-011
Status: Historical Active	Previous ICR Reference No: 201406-3235-008
Agency/Subagency: SEC	Agency Tracking No: TM-270-642
Title: Registration Requirements for Security-based Swap Dealers and Major Security-based Swap Participants
Type of Information Collection: New collection (Request for a new OMB Control Number)	Common Form ICR: No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 01/06/2016
	Date Received in OIRA: 08/20/2015
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	01/31/2019	36 Months From Approved
Responses	411	0	0
Time Burden (Hours)	9,812	0	0
Cost Burden (Dollars)	212,271	0	0

ICR Summary of Burden

	Total Approved	Change Due to New Statute	Change Due to Agency Discretion
Annual Number of Responses	411	2,216	-1,805
Annual Time Burden (Hours)	9,812	16,509	-6,697
Annual Cost Burden (Dollars)	212,271	16,412,601	-16,200,330

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: Yes

Burden Reduction Due to: Changing Regulations

Short Statement: The increase in the hour burden was caused by three factors. First, we added questions to the forms and increased the associated burden accordingly. Second, to address a comment received, we significantly increased our estimate of the number of associated persons employed by each respondent. Third, we had not previously included any burden associated with amending Schedule F. The decrease in the cost burden was caused by our change to the senior officer certification, which eliminated the need for applicants to obtain an internal control report from a third party provider. This decrease was partially offset by increases in our estimate regarding the cost to obtain the services of an agent for service of process increased and our inclusion of the cost associated with the requirement to obtain a new opinion of counsel to address any changes in foreign law (which had not previously been included).

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