Notice2024-11470
Proposed Collection; Comment Request; Extension: Rule 3a71-6
Primary source
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Published
May 24, 2024
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 89 Issue 102 (Friday, May 24, 2024)</title>
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[Federal Register Volume 89, Number 102 (Friday, May 24, 2024)]
[Notices]
[Pages 45929-45930]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-11470]
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SECURITIES AND EXCHANGE COMMISSION
[SEC File No. 270-656, OMB Control No. 3235-0715]
Proposed Collection; Comment Request; Extension: Rule 3a71-6
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 3a71-6 (17 CFR 240.3a71-
6), under the Securities Exchange Act of 1934 (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.
[[Page 45930]]
Rule 3a71-6 provides that non-U.S. security-based swap dealers and
major security-based swap participants may comply with certain Exchange
Act requirements via compliance with requirements of a foreign
financial regulatory system that the Commission has determined by order
to be comparable to those Exchange Act requirements, taking into
account the scope and objectives of the relevant foreign requirements,
and the effectiveness of supervision and enforcement under the foreign
regulatory regime.
Requests for substituted compliance may come from parties or groups
of parties that may rely on substituted compliance, or from foreign
financial authorities supervising such parties or their security-based
swap activities. In practice, the Commission continues to expect that
the greater portion of any such substituted compliance requests will be
submitted by foreign financial authorities. For purposes of the PRA,
the Commission continues to estimate that three security-based swap
dealers or major security-based swap participants will submit
substituted compliance applications.
The Commission staff estimates that the total annual time burden
associated with Rule 3a71-6 is 240 hours per year and the total annual
cost burden associated with Rule 3a71-6 is $350,400 per year.
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
July 23, 2024.
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#77272536283a161e1b15180f3704121459101801"><span class="__cf_email__" data-cfemail="ffafadbea0b29e96939d9087bf8c9a9cd1989089">[email protected]</span></a>.
Dated: May 21, 2024.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2024-11470 Filed 5-23-24; 8:45 am]
BILLING CODE 8011-01-P
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