83 FR 28295 - Submission for OMB Review; Comment Request

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 83, Issue 117 (June 18, 2018)

Page Range		28295-28295
FR Document		2018-12982
Federal Register, Volume 83 Issue 117 (Monday, June 18, 2018)
[Federal Register Volume 83, Number 117 (Monday, June 18, 2018)]
[Notices]
[Page 28295]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-12982]


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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:
    Exchange Act Rules 13n-1--13n-12; Form SDR, SEC File No. 270-
629, OMB Control No. 3235-0719

    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 
13n-1 through 13n-12 (17 CFR 240.13n-1 through 240.13n-12) and Form SDR 
(``Rules''), under the Securities Exchange Act of 1934 (15 U.S.C. 
78m(n)(3) et seq.).
    Under the Rules, security-based swap data repositories (``SDRs'') 
are required to register with the Commission by filing a completed Form 
SDR (the filing of a completed Form SDR also constitutes an application 
for registration as a securities information processor (``SIP'')). SDRs 
are also required to abide by certain minimum standards set out in the 
Rules, including a requirement to update Form SDR, abide by certain 
duties and core principles, maintain data in accordance with the rules, 
keep systems in accordance with the Rules, keep records, provide 
reports to the Commission, maintain the privacy of security-based swaps 
(``SBSs'') data, make certain disclosures, and designate a Chief 
Compliance Officer. In addition, there are a number of collections of 
information contained in the Rules. The information collected pursuant 
to the Rules is necessary to carry out the mandates of the Dodd-Frank 
Act and help ensure an orderly and transparent market for SBSs.
    The Commission staff estimates that it will take an SDR 
approximately 481 hours to complete the initial Form SDR and any 
amendments thereto. This burden is composed of a one-time reporting 
burden that reflects the applicant's staff time (i.e. internal labor 
costs) to prepare and submit the Form to the Commission and includes 
the burden of responding to additional provisions incorporated from 
Form SIP and finally includes responding to the revised disclosure of 
business affiliations burden. Assuming a maximum of ten SDRs, the 
aggregate one-time estimated dollar cost to complete Form SDR and any 
amendments thereto will be $793,840 ((Compliance Attorney at $334 per 
hour for 180 hours) + (Compliance Clerk at $64 per hour for 301 hours) 
x (10 registrants)) and the aggregate ongoing cost per year will be 
$55,440 to comply with the rule.
    The Commission staff estimates that the average initial paperwork 
cost of filing a Form SDR to withdraw from registration will be 12 
hours per SDR with an estimated dollar cost of $4,008 to comply with 
the rule. The Commission estimates that an SDR will assign these 
responsibilities to a Compliance Attorney, calculated as follows: 
(Compliance Attorney at $334 per hour for 12 hours) x (1 SDR 
withdrawing) = $4,008.
    In addition, the Commission staff estimates that the average 
initial paperwork cost for each non-resident SDR to comply with Rule 
13n-1(f) will be 1 hour and $900 per SDR. Assuming a maximum of three 
non-resident SDRs, the aggregate one-time estimated dollar cost to 
comply with the rule will be $3,840, calculated as follows: ($900 for 
outside legal services + (Attorney at $380 per for 1 hour)) x (3 non-
resident registrants). Finally, the Commission believes that the costs 
of filing Form SDR in a tagged data format beyond the costs of 
collecting the required information will be minimal.
    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) Pamela Dyson, 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: June 13, 2018.
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2018-12982 Filed 6-15-18; 8:45 am]
 BILLING CODE 8011-01-P
Federal Register / Vol. 83, No. 117 / Monday, June 18, 2018 / Notices 28295

• Send an email to rule-comments@ Commission, Office of FOIA Services, for 180 hours) + (Compliance Clerk at
sec.gov. Please include File Number SR– 100 F Street NE, Washington, DC $64 per hour for 301 hours) × (10
ISE–2018–53 on the subject line. 20549–2736. registrants)) and the aggregate ongoing
Paper Comments Extension: cost per year will be $55,440 to comply
Exchange Act Rules 13n–1—13n–12; Form with the rule.
• Send paper comments in triplicate SDR, SEC File No. 270–629, OMB
to Brent J. Fields, Secretary, Securities The Commission staff estimates that
Control No. 3235–0719
and Exchange Commission, 100 F Street the average initial paperwork cost of
NE, Washington, DC 20549–1090. Notice is hereby given that pursuant filing a Form SDR to withdraw from
to the Paperwork Reduction Act of 1995 registration will be 12 hours per SDR
All submissions should refer to File (‘‘PRA’’) (44 U.S.C. 3501 et seq.), the
Number SR–ISE–2018–53. This file with an estimated dollar cost of $4,008
Securities and Exchange Commission to comply with the rule. The
number should be included on the (‘‘Commission’’) has submitted to the
subject line if email is used. To help the Commission estimates that an SDR will
Office of Management and Budget assign these responsibilities to a
Commission process and review your (‘‘OMB’’) a request for approval of
comments more efficiently, please use Compliance Attorney, calculated as
extension of the previously approved follows: (Compliance Attorney at $334
only one method. The Commission will collection of information provided for in
post all comments on the Commission’s per hour for 12 hours) × (1 SDR
Rules 13n–1 through 13n–12 (17 CFR
internet website (http://www.sec.gov/ withdrawing) = $4,008.
240.13n–1 through 240.13n–12) and
rules/sro.shtml). Copies of the Form SDR (‘‘Rules’’), under the In addition, the Commission staff
submission, all subsequent Securities Exchange Act of 1934 (15 estimates that the average initial
amendments, all written statements U.S.C. 78m(n)(3) et seq.). paperwork cost for each non-resident
with respect to the proposed rule
Under the Rules, security-based swap SDR to comply with Rule 13n–1(f) will
change that are filed with the
data repositories (‘‘SDRs’’) are required be 1 hour and $900 per SDR. Assuming
Commission, and all written
to register with the Commission by a maximum of three non-resident SDRs,
communications relating to the
filing a completed Form SDR (the filing the aggregate one-time estimated dollar
proposed rule change between the
of a completed Form SDR also cost to comply with the rule will be
Commission and any person, other than
constitutes an application for $3,840, calculated as follows: ($900 for
those that may be withheld from the
registration as a securities information outside legal services + (Attorney at
public in accordance with the
processor (‘‘SIP’’)). SDRs are also $380 per for 1 hour)) × (3 non-resident
provisions of 5 U.S.C. 552, will be
required to abide by certain minimum registrants). Finally, the Commission
available for website viewing and
standards set out in the Rules, including believes that the costs of filing Form
printing in the Commission’s Public
a requirement to update Form SDR, SDR in a tagged data format beyond the
Reference Room, 100 F Street NE,
abide by certain duties and core costs of collecting the required
Washington, DC 20549, on official
principles, maintain data in accordance
business days between the hours of information will be minimal.
with the rules, keep systems in
10:00 a.m. and 3:00 p.m. Copies of the An agency may not conduct or
accordance with the Rules, keep
filing also will be available for sponsor, and a person is not required to
records, provide reports to the
inspection and copying at the principal respond to, a collection of information
Commission, maintain the privacy of
office of the Exchange. All comments under the PRA unless it displays a
security-based swaps (‘‘SBSs’’) data,
received will be posted without change.
make certain disclosures, and designate currently valid OMB control number.
Persons submitting comments are
a Chief Compliance Officer. In addition, The public may view background
cautioned that we do not redact or edit
there are a number of collections of documentation for this information
personal identifying information from
information contained in the Rules. The
comment submissions. You should collection at the following website:
information collected pursuant to the
submit only information that you wish www.reginfo.gov. Comments should be
Rules is necessary to carry out the
to make available publicly. All directed to: (i) Desk Officer for the
mandates of the Dodd-Frank Act and
submissions should refer to File Securities and Exchange Commission,
help ensure an orderly and transparent
Number SR–ISE–2018–53 and should be Office of Information and Regulatory
market for SBSs.
submitted on or before July 9, 2018. Affairs, Office of Management and
The Commission staff estimates that it
For the Commission, by the Division of will take an SDR approximately 481 Budget, Room 10102, New Executive
Trading and Markets, pursuant to delegated hours to complete the initial Form SDR Office Building, Washington, DC 20503,
authority.23 or by sending an email to: Shagufta_
and any amendments thereto. This
Eduardo A. Aleman, burden is composed of a one-time Ahmed@omb.eop.gov; and (ii) Pamela
Assistant Secretary. reporting burden that reflects the Dyson, Director/Chief Information
[FR Doc. 2018–12932 Filed 6–15–18; 8:45 am] applicant’s staff time (i.e. internal labor Officer, Securities and Exchange
BILLING CODE 8011–01–P costs) to prepare and submit the Form Commission, c/o Candace Kenner, 100 F
to the Commission and includes the Street NE, Washington, DC 20549, or by
burden of responding to additional sending an email to: PRA_Mailbox@
SECURITIES AND EXCHANGE provisions incorporated from Form SIP sec.gov. Comments must be submitted to
COMMISSION and finally includes responding to the OMB within 30 days of this notice.
amozie on DSK3GDR082PROD with NOTICES1

revised disclosure of business
Submission for OMB Review; Dated: June 13, 2018.
affiliations burden. Assuming a
Comment Request Eduardo A. Aleman,
maximum of ten SDRs, the aggregate
Upon Written Request, Copies Available one-time estimated dollar cost to Assistant Secretary.
From: Securities and Exchange complete Form SDR and any [FR Doc. 2018–12982 Filed 6–15–18; 8:45 am]
amendments thereto will be $793,840 BILLING CODE 8011–01–P
23 17 CFR 200.30–3(a)(12). ((Compliance Attorney at $334 per hour

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Document Created: 2018-06-18 15:50:26
Document Modified: 2018-06-18 15:50:26
Category		Regulatory Information
Collection		Federal Register
sudoc Class		AE 2.7: GS 4.107: AE 2.106:
Publisher		Office of the Federal Register, National Archives and Records Administration
Section		Notices
FR Citation		83 FR 28295