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View ICR - OIRA Conclusion

OMB Control No: 3235-0732	ICR Reference No: 202505-3235-012
Status: Active	Previous ICR Reference No: 202201-3235-011
Agency/Subagency: SEC	Agency Tracking No: TM
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 with change	Conclusion Date: 11/14/2025
Retrieve Notice of Action (NOA)	Date Received in OIRA: 08/07/2025
Terms of Clearance: OMB understands that SEC is in the process of revising its methodologies to estimate annualized costs to the Federal government for all its relevant collections of information. OMB anticipates that future extensions of this OMB control number will reflect the revised methodologies. Supporting statement updated during OMB review.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	11/30/2028	36 Months From Approved	11/30/2025
Responses	486	0	233,126
Time Burden (Hours)	535,595	0	486,535
Cost Burden (Dollars)	2,522,058	0	1,812,800

ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to Adjustment in Estimate
Annual Number of Responses	486	233,126	-232,640
Annual Time Burden (Hours)	535,595	486,535	49,060
Annual Cost Burden (Dollars)	2,522,058	1,812,800	709,258

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 increased from 486,535 hours to 535,595 hours and the estimated annual cost burden has increased from $1,812,800 to $2,522,058, an increase of approximately 49,060 hours and $709,258 respectively. The primary reason for the increase in burdens is the increase in the estimated number of respondents (e.g., the estimated number of SBS Entities increased from 44 to 53). An increase in the number of transactions (e.g., the number of trades requiring disclosures) have also contributed to the increase in burdens. As discussed above, all one-time initial burdens have already been incurred and all current burden estimates reflect only ongoing hour and cost 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? No

Agency Contact: Patrick Bloomstine 202 551-4453