[Federal Register Volume 84, Number 223 (Tuesday, November 19, 2019)]
[Notices]
[Pages 63926-63927]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-25001]


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SECURITIES AND EXCHANGE COMMISSION


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:
    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'') 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 
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.).
    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

[[Page 63927]]

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.
    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: 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 
Candace Kenner,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 8, 2019.
Jill M. Peterson,
Assistant Secretary.
[FR Doc. 2019-25001 Filed 11-18-19; 8:45 am]
 BILLING CODE 8011-01-P