Notice2024-16226
Proposed Collection; Comment Request; Extension: Rule 17a-12
Primary source
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Published
July 24, 2024
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 89 Issue 142 (Wednesday, July 24, 2024)</title>
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[Federal Register Volume 89, Number 142 (Wednesday, July 24, 2024)]
[Notices]
[Page 59945]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-16226]
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SECURITIES AND EXCHANGE COMMISSION
[SEC File No. 270-442, OMB Control No. 3235-0498]
Proposed Collection; Comment Request; Extension: Rule 17a-12
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 17a-12 (17 CFR 240.17a-
12) and Part II of Form X-17A-5 (17 CFR 249.617) 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.
Rule 17a-12 is the reporting rule tailored specifically for over-
the-counter (``OTC'') derivatives dealers registered with the
Commission, and Part II of Form X-17A-5, the Financial and Operational
Combined Uniform Single (``FOCUS'') Report, is the basic document for
reporting the financial and operational condition of OTC derivatives
dealers. Rule 17a-12 requires registered OTC derivatives dealers to
file Part II of the FOCUS Report quarterly. Rule 17a-12 also requires
that OTC derivatives dealers file audited reports annually.
The reports required under Rule 17a-12 provide the Commission with
information used to monitor the operations of OTC derivatives dealers
and to enforce their compliance with the Commission's rules. These
reports also enable the Commission to review the business activities of
OTC derivatives dealers and to anticipate, where possible, how these
dealers may be affected by significant economic events.
The Commission estimates that the total hour burden under Rule 17a-
12 is approximately 540 hours per year, and the total cost burden is
approximately $138,900 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
estimate of the burden of the proposed collection of information; (c)
ways to enhance the quality, utility, and clarity of the information to
be 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 23, 2024.
An agency may not conduct or sponsor, and a person is not required
to respond to, a collection of information 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#bbebe9fae4f6dad2d7d9d4c3fbc8ded895dcd4cd"><span class="__cf_email__" data-cfemail="dc8c8e9d8391bdb5b0beb3a49cafb9bff2bbb3aa">[email protected]</span></a>.
Dated: July 18, 2024.
J. Matthew DeLesDernier,
Deputy Secretary.
[FR Doc. 2024-16226 Filed 7-23-24; 8:45 am]
BILLING CODE 8011-01-P
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