Notice2024-15026
Proposed Collection; Comment Request; Extension: Rules 13n-1-13n-12; Form SDR
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
July 9, 2024
Issuing agencies
Securities and Exchange Commission
Full Text
<html>
<head>
<title>Federal Register, Volume 89 Issue 131 (Tuesday, July 9, 2024)</title>
</head>
<body><pre>
[Federal Register Volume 89, Number 131 (Tuesday, July 9, 2024)]
[Notices]
[Page 56456]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-15026]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[SEC File No. 270-629, OMB Control No. 3235-0719]
Proposed Collection; Comment Request; Extension: Rules 13n-1-13n-
12; Form SDR
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 Rules 13n-1 through 13n-12
(17 CFR 240.13n-1 through 240.13n-12) and Form SDR (``Rules''), under
the Securities Exchange Act of 1934 (15 U.S.C. 78m(n)(3) et seq.). The
Commission plans to submit this existing collection of information to
the Office of Management and Budget (``OMB'') for extension and
approval.
Under the Rules, security-based swap data repositories (``SDRs'')
are required to register with the Commission by filing a completed Form
SDR (the filing of a completed Form SDR also constitutes an application
for registration as a securities information processor (``SIP'')). SDRs
are also required to abide by certain minimum standards set out in the
Rules, including a requirement to update Form SDR, abide by certain
duties and core principles, maintain data in accordance with the rules,
keep systems in accordance with the Rules, keep records, provide
reports to the Commission, maintain the privacy of security-based swaps
(``SBSs'') data, make certain disclosures, and designate a Chief
Compliance Officer. In addition, there are a number of collections of
information contained in the Rules. The information collected pursuant
to the Rules is necessary to carry out the mandates of the Dodd-Frank
Act and help ensure an orderly and transparent market for SBSs.
Assuming a maximum of three SDRs, the Commission estimates that the
total burden for the Rules and Form SDR for all respondents is 127,505
hours annually and approximately 382,511 burden hours for all
respondents over three years. In addition, the Commission estimates
that the total cost of the Rules and Form SDR for all respondents is
approximately $29,905,416 annually and approximately $89,716,248 for
all respondents over three years.
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
September 9, 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: Austin Gerig, Director/
Chief Data Officer, Securities and Exchange Commission, c/o Oluwaseun
Ajayi, 100 F Street NE, Washington, DC 20549, or send an email to:
<a href="/cdn-cgi/l/email-protection#38686a7967755951545a5740784b5d5b165f574e"><span class="__cf_email__" data-cfemail="c19193809e8ca0a8ada3aeb981b2a4a2efa6aeb7">[email protected]</span></a>.
Dated: July 3, 2024.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2024-15026 Filed 7-8-24; 8:45 am]
BILLING CODE 8011-01-P
</pre><script data-cfasync="false" src="/cdn-cgi/scripts/5c5dd728/cloudflare-static/email-decode.min.js"></script></body>
</html>Indexed from Federal Register on July 9, 2024.
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.