Notice2024-20695
Submission for OMB Review; Comment Request; Extension: Rule 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
September 12, 2024
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 89 Issue 177 (Thursday, September 12, 2024)</title>
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[Federal Register Volume 89, Number 177 (Thursday, September 12, 2024)]
[Notices]
[Page 74317]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-20695]
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SECURITIES AND EXCHANGE COMMISSION
[SEC File No. 270-629, OMB Control No. 3235-0719]
Submission for OMB Review; Comment Request; Extension: Rule 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'') 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
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.).
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 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.
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 October 15, 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 Information
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#8bdbd9cad4c6eae2e7e9e4f3cbf8eee8a5ece4fd"><span class="__cf_email__" data-cfemail="451517041a08242c29272a3d053620266b222a33">[email protected]</span></a>.
Dated: September 9, 2024.
Vanessa A. Countryman,
Secretary.
[FR Doc. 2024-20695 Filed 9-11-24; 8:45 am]
BILLING CODE 8011-01-P
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