Notice2025-20679
Agency Information Collection Activities; Proposed Collection; Comment Request; Extension: Rule 17ab2-2
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
November 24, 2025
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 90 Issue 224 (Monday, November 24, 2025)</title>
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[Federal Register Volume 90, Number 224 (Monday, November 24, 2025)]
[Notices]
[Pages 53012-53013]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2025-20679]
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SECURITIES AND EXCHANGE COMMISSION
[OMB Control No. 3235-0728]
Agency Information Collection Activities; Proposed Collection;
Comment Request; Extension: Rule 17ab2-2
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 (44 U.S.C. 3501 et seq.), the Securities and Exchange
Commission (SEC or ``Commission'') is soliciting comments on the
proposed collection of information provided for in Rule 17ab2-2 (17 CFR
240.17ab2-2) 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.
Exchange Act Rule 17ab2-2 establishes procedures for making
determinations affecting covered clearing agencies in certain defined
circumstances. Exchange Act Rule 17ab2-2(a) establishes procedures for
the Commission to make a determination, either of its own initiative or
upon application by any clearing agency or member of a clearing agency,
whether a covered clearing agency is systemically important in multiple
jurisdictions. Exchange Act
[[Page 53013]]
Rule 17ab2-2(b) establishes procedures to determine, if the Commission
deems appropriate, whether any of the activities of a clearing agency
providing central counterparty services, in addition to clearing
agencies registered with the Commission for the purpose of clearing
security-based swaps, have a more complex risk profile. Exchange Act
Rule 17ab2-2(c) provides a procedure for the Commission to determine,
either of its own initiative or upon application by any clearing agency
or member of a clearing agency, whether to rescind any such
determinations previously made by the Commission.
A clearing agency or one of its members that seeks a determination
from the Commission under Rule 17ab2- or rescission of any
determination previously made by the Commission under Rule 17ab2-2 must
submit an application to the Commission. A respondent would have the
burden of preparing such application for submission to the Commission.
The Commission would use the information in the collection to
facilitate its determination regarding systemic importance in multiple
jurisdictions or a recission of a determination. It is unlikely that
confidential information would be included in the collection of
information, but such information received would be kept confidential
subject to provisions of the Freedom of Information Act.
Commission staff believes that Rule 17ab2-2 would impose a PRA
burden on a clearing agency that applies for a determination from the
Commission under the rule. Commission staff estimate that two
respondent clearing agencies (or a member of a clearing agency) could
submit an application for such a determination.
Commission staff estimates that each respondent clearing agency
incurs a one-time burden of 10 hours and a one-time cost of $2,190 to
draft and review a determination request submitted to the Commission,
for a total of 20 hours and $4,380 for all respondents. The total
annualized burden and cost for all respondents are 6.66 hours and
$1,460.
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.
Written comments are invited on: (a) whether this proposed
collection of information is necessary for the proper performance of
the functions of the SEC, including whether the information will have
practical utility; (b) the accuracy of the SEC's estimate of the burden
imposed by the proposed collection of information, including the
validity of the methodology and the assumptions used; (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,
electronic collection techniques or other forms of information
technology.
Please direct your written comments on this 60-Day Collection
Notice to Austin Gerig, Director/Chief Data Officer, Securities and
Exchange Commission, c/o Tanya Ruttenberg via email to
<a href="/cdn-cgi/l/email-protection#1646776673646179647d4473726375627f79785775625665737538717960"><span class="__cf_email__" data-cfemail="9eceffeefbece9f1ecf5ccfbfaebfdeaf7f1f0dffdeadeedfbfdb0f9f1e8">[email protected]</span></a> by January 23, 2026. There will be a
second opportunity to comment on this SEC request following the Federal
Register publishing a 30-Day Submission Notice.
Dated: November 19, 2025.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2025-20679 Filed 11-21-25; 8:45 am]
BILLING CODE 8011-01-P
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