Notice2022-25102
Submission for OMB Review; Comment Request; Extension: Rule 17Ab2-2
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
November 18, 2022
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 87 Issue 222 (Friday, November 18, 2022)</title>
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[Federal Register Volume 87, Number 222 (Friday, November 18, 2022)]
[Notices]
[Pages 69378-69379]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-25102]
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SECURITIES AND EXCHANGE COMMISSION
[SEC File No. 270-617, OMB Control No. 3235-0728]
Submission for OMB Review; Comment Request; Extension: Rule
17Ab2-2
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'') has submitted to the Office of Management
and Budget (``OMB'') a request for approval of extension of the
previously approved collection of information provided for in Rule
17Ab2-2 (17 CFR 240.17Ab2-2) under the Securities Exchange Act of 1934
(15 U.S.C. 78a et seq.).
Exchange Act Rule 17Ab2-2 establishes procedures for the Commission
to make a determination, either of its own initiative or upon
application by any clearing agency or member of a clearing agency,
whether a covered clearing agency is systemically important in multiple
jurisdictions and procedures to determine, if the Commission deems
appropriate, whether any of the activities of a clearing agency
providing central counterparty services, in addition to clearing
agencies registered with the Commission for the purpose of clearing
security-based swaps, have a more complex risk profile. In addition,
Exchange Act Rule 17Ab2-2 provides a procedure for the Commission to
determine whether to rescind any such determinations previously made by
the Commission.
Because determinations made by the Commission pursuant to Exchange
Act Rule 17Ab2-2 may be made upon the request of a clearing agency,
respondent clearing agencies would have the burden of preparing such
requests for submission to the Commission.
Commission staff estimates that Rule 17Ab2-2 will impose a PRA
burden on registered clearing agencies that seek a determination from
the Commission regarding the covered clearing agency's status as
systemically important in multiple jurisdictions. Commission staff
estimates that two registered clearing agencies or their members on
their behalf will apply for a Commission determination, or may be
subject to a Commission-initiated determination, regarding whether a
registered clearing agency is involved in activities with a more
complex risk profile or whether a covered clearing agency is
systemically important in multiple jurisdictions.
Commission staff estimates that each respondent clearing agency
incurs a one-time burden of 10 hours and a one-time cost of $2,000 to
draft and review a determination request submitted to the Commission,
for a total of 20 hours and $4,000 for all respondents. The total
annualized burden and cost for all respondents are 6.66 hours and
$1,333.33.
Any 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 valid OMB control number.
The public may view background documentation for this information
collection at the following website: ><a href="http://www.reginfo.gov">www.reginfo.gov</a><. Find this
particular information collection by selecting ``Currently under 30-day
Review--Open for Public Comments'' or by using the search function.
Written comments and recommendations for the proposed information
collection should be sent by December 19, 2022 to (i)
><a href="/cdn-cgi/l/email-protection#a0ede2f88eefede28eefe9f2e18ef3e5e3ffc4c5d3cbffcfc6c6c9c3c5d2e0cfcdc28ec5cfd08ec7cfd6"><span class="__cf_email__" data-cfemail="3f727d671170727d1170766d7e116c7a7c605b5a4c5460505959565c5a4d7f50525d115a504f11585049">[email protected]</span></a>< and (ii) David Bottom,
Director/Chief Information Officer,
[[Page 69379]]
Securities and Exchange Commission, c/o John Pezzullo, 100 F Street NE,
Washington, DC 20549, or by sending an email to: <a href="/cdn-cgi/l/email-protection#a6f6f4e7f9ebc7cfcac4c9dee6d5c3c588c1c9d0"><span class="__cf_email__" data-cfemail="e9b9bba8b6a48880858b8691a99a8c8ac78e869f">[email protected]</span></a>.
Dated: November 14, 2022.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2022-25102 Filed 11-17-22; 8:45 am]
BILLING CODE 8011-01-P
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