[Federal Register Volume 84, Number 173 (Friday, September 6, 2019)]
[Notices]
[Pages 46985-46986]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-19241]


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SECURITIES AND EXCHANGE COMMISSION


Proposed Collection; 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:
Rules 901, 902, 903(a), 904, 905, 906, 907, and 908 of Regulation 
SBSR, SEC File No. 270-629, OMB Control No. 3235-0718

    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'') is soliciting comments on the existing 
collection of information provided for in Rules 901, 902, 903(a), 904, 
905, 906, 907, and 908 of Regulation SBSR (17 CFR 242.901, 902, 903(a), 
904, 905, 906, 907, and 908), 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.
    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 the Commission, and 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. Rule 
901(a)(1) of Regulation SBSR requires a platform to report to a 
registered security-based swap data repository (``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 4900 
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 reporting burden for Regulation 
SBSR, for all respondents, is approximately 538,257.60 hours initially 
(which equates to approximately 179,419.20 hours per year when 
annualized over three years), with a total ongoing burden thereafter of 
approximately 1,887,021.07 hours per year. Thus, the aggregate yearly 
burden is approximately 2,066,441 hours (2,066,440.27 rounded up). In 
addition, the Commission estimates that the total cost for all of 
Regulation SBSR for all respondents is approximately $21,264,300 
initially (which equates to approximately $7,088,100 per year when 
annualized over three years), with a total ongoing cost thereafter of 
approximately $80,331,371 per year. Thus, the aggregate annual cost for 
all respondents is approximately $87,419,472 ($87,419,471.30 rounded 
up). A detailed break-down of the burdens applicable to each type of 
entity is provided in the supporting statement.
    Written comments are invited on: (a) Whether the proposed 
collection of information is necessary for the proper performance of 
the functions of the Commission, including whether the information 
shall have practical utility; (b) the accuracy of the Commission's 
estimates of the burden of the proposed collection of information; (c) 
ways to enhance the quality, utility, and clarity of the information 
collected; and (d) ways to minimize the burden of the collection of 
information on respondents, including through the use of automated 
collection techniques or other forms of information technology. 
Consideration will be given to comments and suggestions submitted in 
writing within 60 days of this publication.
    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.
    Please direct your written comments to: Charles Riddle, Acting 
Director/Chief Information Officer, Securities and Exchange Commission, 
c/o Candace Kenner, 100 F Street NE, Washington,

[[Page 46986]]

DC 20549, or send an email to: [email protected].

    Dated: September 3, 2019.
Jill M. Peterson,
Assistant Secretary.
[FR Doc. 2019-19241 Filed 9-5-19; 8:45 am]
 BILLING CODE 8011-01-P