[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