View Information Collection Request (ICR) Package
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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:
3235-0777
ICR Reference No:
202406-3235-014
Status:
Active
Previous ICR Reference No:
202108-3235-011
Agency/Subagency:
SEC
Agency Tracking No:
TM-270-822
Title:
Rules 15Fi-3 through 15Fi-5 – Risk Mitigation Techniques for Uncleared Security-Based Swaps
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:
11/01/2024
Retrieve Notice of Action (NOA)
Date Received in OIRA:
09/06/2024
Terms of Clearance:
Inventory as of this Action
Requested
Previously Approved
Expiration Date
11/30/2027
36 Months From Approved
01/31/2025
Responses
134,966
0
128,590
Time Burden (Hours)
464,836
0
440,382
Cost Burden (Dollars)
0
0
0
Abstract:
The SEC has adopted rules prescribing standards for security-based swap dealers and major security-based swap participants related to the timely and accurate confirmation, processing, netting, documentation, and valuation of all security-based swaps.
Authorizing Statute(s):
US Code:
15 USC 78o-10(i)
Name of Law: Securities Exchange Act of 1934 (section 15F(i)(2))
Citations for New Statutory Requirements:
None
Associated Rulemaking Information
RIN:
Stage of Rulemaking:
Federal Register Citation:
Date:
Not associated with rulemaking
Federal Register Notices & Comments
60-day Notice:
Federal Register Citation:
Citation Date:
89 FR 54894
07/02/2024
30-day Notice:
Federal Register Citation:
Citation Date:
89 FR 72916
09/06/2024
Did the Agency receive public comments on this ICR?
No
Number of Information Collection (IC) in this ICR:
18
IC Title
Form No.
Form Name
Audit of Documentation
Compression Policies and Procedures (Dual SEC/CFTC) (Initial Burden)
Compression Policies and Procedures (Dual SEC/CFTC) (Ongoing Burden)
Compression Policies and Procedures (SEC Only) (Initial Burden)
Compression Policies and Procedures (SEC Only) (Ongoing Burden)
Compression and Offsets with All Counterparties
Documentation Policies and Procedures (Dual SEC/CFTC) (Initial Burden)
Documentation Policies and Procedures (SEC Only) (Initial Burden)
Documentation Policies and Procedures (SEC Only) (Ongoing Burden)
Documentation Policies and Procedures Dual SEC/CFTC) (Ongoing Burden)
Prepare and Negotiate Documentation
Reconciliation Policies and Procedures (Dual SEC/CFTC) (Initial Burden)
Reconciliation Policies and Procedures (Dual SEC/CFTC) (Ongoing Burden)
Reconciliation Policies and Procedures (SEC Only) (Initial Burden)
Reconciliation Policies and Procedures (SEC Only) (Ongoing Burden)
Reconciliation with non-SBS Entities
Reconciliation with other SBS Entities
Valuation Dispute Notices
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
134,966
128,590
0
0
6,376
0
Annual Time Burden (Hours)
464,836
440,382
0
0
24,454
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:
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.
Yes
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:
Damla Ozger 202 714-4823 ozgerd@sec.gov
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:
09/06/2024
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