Notice2024-16610
Submission for OMB Review; Comment Request; Extension: Rule 3a71-6
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 29, 2024
Issuing agencies
Securities and Exchange Commission
Full Text
<html>
<head>
<title>Federal Register, Volume 89 Issue 145 (Monday, July 29, 2024)</title>
</head>
<body><pre>
[Federal Register Volume 89, Number 145 (Monday, July 29, 2024)]
[Notices]
[Page 60953]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-16610]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[SEC File No. 270-656, OMB Control No. 3235-0715]
Submission for OMB Review; 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'') 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
3a71-6 (17 CFR 240.3a71-6), under the Securities Exchange Act of 1934
(15 U.S.C. 78a et seq.).
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 time burden
associated with Rule 3a71-6 is 240 hours per year and the total cost
burden associated with Rule 3a71-6 is $350,400 per year.
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 August 28, 2024 to (i) <a href="http://www.reginfo.gov/public/do/PRAMain">www.reginfo.gov/public/do/PRAMain</a> and (ii) Austin Gerig, Director/Chief Data Officer,
Securities and Exchange Commission, c/o Oluwaseun Ajayi, 100 F Street
NE, Washington, DC 20549, or by sending an email to:
<a href="/cdn-cgi/l/email-protection#de8e8c9f8193bfb7b2bcb1a69eadbbbdf0b9b1a8"><span class="__cf_email__" data-cfemail="441416051b09252d28262b3c043721276a232b32">[email protected]</span></a>.
Dated: July 24, 2024.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2024-16610 Filed 7-26-24; 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 29, 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.