Notice2023-02830
Submission for OMB Review; Comment Request; Extension: Regulation SBSR
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
February 10, 2023
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 88 Issue 28 (Friday, February 10, 2023)</title>
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[Federal Register Volume 88, Number 28 (Friday, February 10, 2023)]
[Notices]
[Page 8949]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-02830]
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SECURITIES AND EXCHANGE COMMISSION
[SEC File No. 270-629, OMB Control No. 3235-0718]
Submission for OMB Review; Comment Request; Extension: Regulation
SBSR
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 Rules
901, 902, 903(a), 904, 905, 906, 907, and 908 of Regulation SBSR (17
CFR 242.901, 902, 903(a), 904, 905, 906, 907, and 908) under the
Securities Exchange Act of 1934 (15 U.S.C. 78a et seq.).
Regulation SBSR consists of ten rules, Rules 900 to 909 under the
Exchange Act. Regulation SBSR provides generally for the reporting of
security-based swap information to a registered security-based swap
data repository (``registered SDRs'') or to the Commission, and for the
public dissemination of security-based swap transaction, volume, and
pricing information by registered SDRs. Rule 901 specifies, with
respect to each reportable event pertaining to covered transactions,
who is required to report, what data must be reported, when it must be
reported, where it must be reported, and how it must be reported. Rule
901(a)(1) of Regulation SBSR requires a platform to report to a
registered SDR a security-based swap executed on such platform that
will be submitted to clearing. Rule 901(a)(2)(i) of Regulation SBSR
requires a registered clearing agency to report to a registered SDR any
security-based swap to which it is a counterparty. Rules 902 to 909 of
Regulation SBSR provide additional details as to how such reporting and
public dissemination is to occur.
The Commission estimates that a total of approximately 30,348
entities will be impacted by Regulation SBSR, including registered
SDRs, registered security-based swap dealers, registered major
securities-based swap participants, registered clearing agencies,
platforms, and reporting sides and other market participants. The
Commission estimates that the total annual hour burden for Regulation
SBSR, for all respondents, is approximately 3,539,483 hours per year.
In addition, the Commission estimates that the total annual cost burden
for Regulation SBSR for all respondents is approximately $47,728,783
per year. A detailed break-down of the burdens applicable to each type
of entity is provided in the supporting statement.
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 March 13, 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#b3e3e1f2ecfed2dadfd1dccbf3c0d6d09dd4dcc5"><span class="__cf_email__" data-cfemail="8adad8cbd5c7ebe3e6e8e5f2caf9efe9a4ede5fc">[email protected]</span></a>.
Dated: February 6, 2023.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2023-02830 Filed 2-9-23; 8:45 am]
BILLING CODE 8011-01-P
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