[Federal Register Volume 87, Number 212 (Thursday, November 3, 2022)]
[Notices]
[Page 66334]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-23874]


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SECURITIES AND EXCHANGE COMMISSION

[SEC File No. 270-646, OMB Control No. 3235-0695]


Proposed Collection; Comment Request; Extension: Rule 17Ad-22

Upon Written Request, Copies Available From: Securities and Exchange 
Commission, Office of FOIA Services, 100 F Street NE, Washington, DC 
20549-2736

    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 Rule 17Ad-22 (17 CFR 
240.17Ad-22) under the Securities Exchange Act of 1934 (``Exchange 
Act'') (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.
    Rule 17Ad-22 was adopted to strengthen the substantive regulation 
of clearing agencies, promote the safe and reliable operation of 
covered clearing agencies, and improve efficiency, transparency, and 
access to covered clearing agencies.\1\ Rule 17Ad-22, which consists of 
paragraphs (a)(1) through (e)(23), requires a registered clearing 
agency to establish, implement, maintain and enforce written policies 
and procedures reasonably designed to address a number of topics, 
including governance, operations, and risk management. In particular, 
Rule 17Ad-22(e) includes requirements for covered clearing agencies, 
defined as registered clearing agencies that provide the services of a 
central counterparty or central securities depository; Rule 17Ad-22(d) 
includes requirements for all registered clearing agencies that are not 
covered clearing agencies; and Rules 17Ad-22(b) and (c) include certain 
other requirements for clearing agencies that perform central 
counterparty services. The total estimated annual time burden of Rule 
17Ad-22 is 8,532 hours, and the total estimated annual cost burden is 
$14,041,280.
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    \1\ See 17 CFR 240.17Ad-22; see also Exchange Act Release No. 
34-68080 (Oct. 22, 2012), 77 FR 66219, 66225-26 (Nov. 2, 2012).
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    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 will 
have practical utility; (b) the accuracy of the Commission staff'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 by 
January 3, 2023.
    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: David Bottom, Director/
Chief Information Officer, Securities and Exchange Commission, c/o John 
Pezzullo, 100 F Street NE, Washington, DC 20549, or send an email to: 
[email protected].

    Dated: October 28, 2022.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2022-23874 Filed 11-2-22; 8:45 am]
BILLING CODE 8011-01-P