Notice2022-22854
Proposed Collection; Comment Request; Extension: Rule 15Fi-2
Primary source
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Published
October 21, 2022
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 87 Issue 203 (Friday, October 21, 2022)</title>
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[Federal Register Volume 87, Number 203 (Friday, October 21, 2022)]
[Notices]
[Pages 64122-64123]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-22854]
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SECURITIES AND EXCHANGE COMMISSION
[SEC File No. 270-633, OMB Control No. 3235-0713]
Proposed Collection; Comment Request; Extension: Rule 15Fi-2
Upon Written Request, Copies Available From: Securities and Exchange
Commission, Office of FOIA Services, 100 F Street NE, Washington, DC
20549-2736
Notice is hereby given that pursuant to the Paperwork Reduction Act
of 1995 (``PRA'') (44 U.S.C. 3501 et seq.), the Securities and Exchange
Commission (``Commission'') is soliciting comments on the existing
collection of information provided for in Rule 15Fi-2 (17 CFR 240.15Fi-
2) under the Securities Exchange Act of 1934 (``Exchange Act'') (15
U.S.C. 78a et seq.). The Commission plans to submit this existing
collection of information to the Office of Management and Budget
(``OMB'') for extension and approval.
Rule 15Fi-2 requires security-based swaps (``SBS'') dealers and
major SBS participants (collectively, ``SBS Entities'') to provide to
their counterparties a trade acknowledgment, to provide prompt
verification of the terms provided in a trade acknowledgment of
transactions from other SBS Entities, and to have written policies and
procedures that are reasonably designed to obtain prompt verification
of the terms provided in a trade acknowledgment. The Rule promotes the
efficient operation of the SBS market and facilitate market
participants' management of their SBS-related risk.
[[Page 64123]]
The Commission estimates that approximately 48 entities fit within
the definition of SBS dealer, and zero entities fit within the
definition of major SBS participant. Thus, we expect that approximately
48 entities will be required to register with the Commission as SBS
Entities and will be subject to the trade acknowledgment provision and
verification requirements of Rule 15Fi-2. The total estimated annual
time burden of Rule 15Fi-2 is 22,848 hours.
Written comments are invited on: (a) whether the proposed
collection of information is necessary for the proper performance of
the functions of the Commission, including whether the information
shall have practical utility; (b) the accuracy of the Commission's
estimates of the burden of the proposed collection of information; (c)
ways to enhance the quality, utility, and clarity of the information
collected; and (d) ways to minimize the burden of the collection of
information on respondents, including through the use of automated
collection techniques or other forms of information technology.
Consideration will be given to comments and suggestions submitted by
December 20, 2022.
An agency may not conduct or sponsor, and a person is not required
to respond to, a collection of information under the PRA unless it
displays a currently valid OMB control number.
Please direct your written comments to: David Bottom, Director/
Chief Information Officer, Securities and Exchange Commission, c/o John
Pezzullo, 100 F Street NE, Washington, DC 20549, or send an email to:
<a href="/cdn-cgi/l/email-protection#356567746a78545c59575a4d754650561b525a43"><span class="__cf_email__" data-cfemail="134341524c5e727a7f717c6b536076703d747c65">[email protected]</span></a>.
Dated: October 17, 2022.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2022-22854 Filed 10-20-22; 8:45 am]
BILLING CODE 8011-01-P
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