Notice2025-24019
Agency Information Collection Activities; Proposed Collection; Comment Request; Extension: Regulation SBSR
Primary source
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Published
December 31, 2025
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 90 Issue 247 (Wednesday, December 31, 2025)</title>
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[Federal Register Volume 90, Number 247 (Wednesday, December 31, 2025)]
[Notices]
[Pages 61462-61463]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2025-24019]
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SECURITIES AND EXCHANGE COMMISSION
[OMB Control No. 3235-0718]
Agency Information Collection Activities; Proposed Collection;
Comment Request; Extension: Regulation SBSR
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. Sec. 3501 et seq.), the Securities and Exchange
Commission (SEC or ``Commission'') is soliciting comments on the
proposed collection of information.
Regulation SBSR consists of ten rules, Rules 900 to 909 under the
Exchange Act. Regulation SBSR provides generally for the reporting of
security-based swap information to a registered security-based swap
data repository (``registered SDRs'') or to the Commission, and for the
public dissemination of security-based swap transaction, volume, and
pricing information by registered SDRs. Rule 901 specifies, with
respect to each reportable event pertaining to covered transactions,
who is required to report, what data must be reported, when it must be
reported, where it must be reported, and how it must be reported.
[[Page 61463]]
Rule 901(a)(1) of Regulation SBSR requires a platform to report to a
registered SDR a security-based swap executed on such platform that
will be submitted to clearing. Rule 901(a)(2)(i) of Regulation SBSR
requires a registered clearing agency to report to a registered SDR any
security-based swap to which it is a counterparty. Rules 902 to 909 of
Regulation SBSR provide additional details as to how such reporting and
public dissemination is to occur.
The Commission estimates that a total of approximately 27,000
entities will be impacted by Regulation SBSR, including registered
SDRs, registered security-based swap dealers, registered major
securities-based swap participants, registered clearing agencies,
platforms, and reporting sides and other market participants. The
Commission estimates that the total annual hour burden for Regulation
SBSR, for all respondents, is approximately 3,173,444 hours per year.
In addition, the Commission estimates that the total annual cost burden
for Regulation SBSR for all respondents is approximately $51,162,200
per year. A detailed break-down of the burdens applicable to each type
of entity is provided in the supporting statement.
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#752514051007021a071e2710110016011c1a1b341601350610165b121a03"><span class="__cf_email__" data-cfemail="4c1c2d3c293e3b233e271e2928392f382523220d2f380c3f292f622b233a">[email protected]</span></a> by March 2, 2026. There will be a second
opportunity to comment on this SEC request following the Federal
Register publishing a 30-Day Submission Notice.
Dated: December 23, 2025.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2025-24019 Filed 12-30-25; 8:45 am]
BILLING CODE 8011-01-P
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