Regulation SBSR (Rules 900 - 912) Reporting and Dissemination of Security-Based Swap Information
Extension without change of a currently approved collection
No
Regular
Approved without change
04/27/2023
02/10/2023
Inventory as of this Action
Requested
Previously Approved
04/30/2026
36 Months From Approved
04/30/2023
27,600,667
0
5,706,477
3,539,483
0
2,066,441
47,728,783
0
87,419,472
The Dodd-Frank Act amends the Exchange Act to require the Commission to adopt rules providing for, among other things (i) the reporting of security-based swaps (SBSs) to a registered security-based swap data repository (SDR) or to the Commission; and (ii) real-time public dissemination of SBS transaction, volume, and pricing information. Pursuant to Sections 763 and 766 of Title VII of the Dodd-Frank Act, the Commission is adopting Regulation SBSR to fulfill these requirements.
The total annual hour burden increased from 2,066,411 hours to 3,539,483 hours. Although the total initial hour burden decreased mainly due to a decrease in the estimated number of reporting sides from 300 to 134, the overall burden increased mainly because the estimated number of participants increased from 4,800 to 15,082. The total annual cost burden decreased from $87,419,472 to $47,728,783. Even though the Commission uniformly revised its cost estimates upward by 15% to account for inflation from 2019 to 2022, the total costs decreased despite the upward adjustment for inflation due to the magnitude of the reduction in the estimated number of respondents, especially reporting sides.
$0
No
No
No
No
Yes
No
No
Michou Hai Minh Nguyen 202 551-5634 nguyenm@sec.gov
No
On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control number;
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.
02/10/2023
Something went wrong when downloading this file. If you have any questions, please send an email to risc@gsa.gov.
3235-0718.pdf
905 - Clearing Agencies