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View ICR - OIRA Conclusion

OMB Control No: 3235-0732	ICR Reference No: 201812-3235-004
Status: Historical Active	Previous ICR Reference No: 201605-3235-009
Agency/Subagency: SEC	Agency Tracking No: TM-270-779
Title: Business Conduct Standards for Security-Based Swap Dealers and Major Security-Based Swap Participants
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: 09/30/2019
Retrieve Notice of Action (NOA)	Date Received in OIRA: 07/24/2019
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	09/30/2022	36 Months From Approved	09/30/2019
Responses	234,034	0	456,255
Time Burden (Hours)	554,823	0	1,260,260
Cost Burden (Dollars)	2,138,000	0	10,973,333

ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to Adjustment in Estimate
Annual Number of Responses	234,034	456,255	-222,221
Annual Time Burden (Hours)	554,823	1,260,260	-705,437
Annual Cost Burden (Dollars)	2,138,000	10,973,333	-8,835,333

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 estimated annual hour burden has decreased from 1,260,260 hours to 554,823 hours and the estimated annual cost burden has decreased from $10,973,333 to $2,138,000, a decrease of approximately 705,437 hours and $8,835,333 respectively. The primary reason for the reduction in burdens is the elimination of one-time initial hour and cost burdens. All one-time initial burdens have already been incurred and all current burden estimates reflect only ongoing hour and cost burdens. A decrease in the estimate of the number of certain entities and transactions and the amount of certain costs has also contributed to the reduction in burdens.

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]? Yes

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

Is this ICR related to the Pandemic Response? Uncollected

Agency Contact: Denise Landers 202 551-5544 landersd@sec.gov