[Federal Register Volume 87, Number 233 (Tuesday, December 6, 2022)]
[Notices]
[Pages 74689-74690]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-26425]


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SECURITIES AND EXCHANGE COMMISSION

[SEC File No. 270-629, OMB Control No. 3235-0718]


Proposed Collection; Comment Request; Extension: Regulation SBSR

Upon Written Request, Copies Available From: Securities and Exchange

[[Page 74690]]

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 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 to the Commission, and for 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 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 30,348 
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 annual hour burden for Regulation 
SBSR, for all respondents, is approximately 3,539,483 hours per year. 
In addition, the Commission estimates that the total annual cost burden 
for Regulation SBSR for all respondents is approximately $47,728,783 
per year. 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 by February 6, 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: November 30, 2022.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2022-26425 Filed 12-5-22; 8:45 am]
BILLING CODE 8011-01-P