Notice2023-00133
Submission for OMB Review; Comment Request; Extension: Rule 17Ad-22
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
January 9, 2023
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 88 Issue 5 (Monday, January 9, 2023)</title>
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[Federal Register Volume 88, Number 5 (Monday, January 9, 2023)]
[Notices]
[Pages 1302-1303]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-00133]
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SECURITIES AND EXCHANGE COMMISSION
[SEC File No. 270-646, OMB Control No. 3235-0695]
Submission for OMB Review; Comment Request; Extension: Rule 17Ad-
22
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
17Ad-22 (17 CFR 240.17Ad-22) under the Securities Exchange Act of 1934
(``Exchange Act'') (15 U.S.C. 78a et seq.).
Rule 17Ad-22 was adopted to strengthen the substantive regulation
of clearing agencies, promote the safe and reliable operation of
covered clearing agencies, and improve efficiency, transparency, and
access to covered clearing agencies.\1\ Rule 17Ad-22, which consists of
paragraphs (a)(1) through (e)(23), requires a registered clearing
agency to establish, implement, maintain and enforce written policies
and procedures reasonably designed to address a number of topics,
including governance, operations, and risk management. In particular,
Rule 17Ad-22(e) includes requirements for covered clearing agencies,
defined as registered clearing agencies that provide the services of a
central counterparty or central securities depository; Rule 17Ad-22(d)
includes requirements for all registered clearing agencies that are not
covered clearing agencies; and Rules 17Ad-22(b) and (c) include certain
other requirements for clearing agencies that perform central
counterparty services. There are a number of collections of information
contained in Rules 17Ad-22(b) through (e). The information collected in
these provisions is necessary to assist the Commission in monitoring
clearing agencies and carrying out the mandates of the Exchange Act, as
amended by the Dodd-Frank Act, as well as the Clearing Supervision Act.
The total estimated annual time burden of Rule 17Ad-22 is
[[Page 1303]]
8,532 hours, and the total estimated annual cost burden is $14,041,280.
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\1\ See 17 CFR 240.17Ad-22; see also Exchange Act Release No.
34-68080 (Oct. 22, 2012), 77 FR 66219, 66225-26 (Nov. 2, 2012).
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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.
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 February 8, 2023 to (i) <a href="http://www.reginfo.gov/public/do/PRAMain">www.reginfo.gov/public/do/PRAMain</a> and (ii) David Bottom, Director/Chief Information
Officer, 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#abfbf9eaf4e6cac2c7c9c4d3ebd8cec885ccc4dd"><span class="__cf_email__" data-cfemail="6a3a382b35270b03060805122a190f09440d051c">[email protected]</span></a>.
Dated: January 3, 2023.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2023-00133 Filed 1-6-23; 8:45 am]
BILLING CODE 8011-01-P
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