Submission for OMB Review; Comment Request

• Published date: 04 December 2019
• Record Number: 2019-26223
• Section: Notices
• Court: Securities And Exchange Commission

Federal Register, Volume 84 Issue 233 (Wednesday, December 4, 2019)

[Federal Register Volume 84, Number 233 (Wednesday, December 4, 2019)]
                [Notices]
                [Pages 66436-66437]
                From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
                [FR Doc No: 2019-26223]
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                SECURITIES AND EXCHANGE COMMISSION
                [SEC File No. 270-617, OMB Control No. 3235-0728]
                Submission for OMB Review; Comment Request
                Upon Written Request, Copies Available From: Securities and Exchange
                Commission, Office of FOIA Services, 100 F Street NE, Washington, DC
                20549-2736
                Extension:
                 Rule 17Ab2-2
                 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
                17Ab2-2 (17 CFR 240.17Ab2-2) under the Securities Exchange Act of 1934
                (15 U.S.C. 78a et seq.).
                 Exchange Act Rule 17Ab2-2 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 and 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
                [[Page 66437]]
                security-based swaps, have a more complex risk profile. In addition,
                Exchange Act Rule 17Ab2-2 provides a procedure for the Commission to
                determine whether to rescind any such determinations previously made by
                the Commission.
                 Because determinations made by the Commission pursuant to Exchange
                Act Rule 17Ab2-2 may be made upon the request of a clearing agency,
                respondent clearing agencies have the burden of preparing such requests
                for submission to the Commission.
                 Commission staff estimates that Rule 17Ab2-2 imposes a PRA burden
                on registered clearing agencies that seek a determination from the
                Commission regarding the covered clearing agency's status as
                systemically important in multiple jurisdictions. Commission staff
                estimates that two registered clearing agencies or their members on
                their behalf will apply for a Commission determination, or may be
                subject to a Commission-initiated determination, regarding whether a
                registered clearing agency is involved in activities with a more
                complex risk profile or whether a covered clearing agency is
                systemically important in multiple jurisdictions.
                 Commission staff estimates that each respondent clearing agency
                incurs a one-time burden of 10 hours and a one-time cost of $2,000 to
                draft and review a determination request submitted to the Commission,
                for a total of 20 hours and $4,000 for all respondents. The total
                annualized burden and cost for all respondents are 6.66 hours and
                $1,333.33.
                 Any 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 valid OMB control number.
                 The public may view background documentation for this information
                collection at the following website: www.reginfo.gov. Comments should
                be directed to: (i) Desk Officer for the Securities and Exchange
                Commission, Office of Information and Regulatory Affairs, Office of
                Management and Budget, Room 10102, New Executive Office Building,
                Washington, DC 20503, or by sending an email to:
                [email protected] and (ii) Charles Riddle, Acting Director/
                Chief Information Officer, Securities and Exchange Commission, c/o
                Cynthia Roscoe, 100 F Street NE, Washington, DC 20549, or by sending an
                email to: [email protected]. Comments must be submitted to OMB within
                30 days of this notice.
                 Dated: November 29, 2019.
                Jill M. Peterson,
                Assistant Secretary.
                [FR Doc. 2019-26223 Filed 12-3-19; 8:45 am]
                BILLING CODE 8011-01-P