[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]
=======================================================================
-----------------------------------------------------------------------
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