Rule 13Aa-2T: Reporting of Security-Based Swap Transaction Data

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
Supporting Statement SBS Interim Final Rule.docx	Supporting Statement A	Uploaded 2010-10-14	Available
Section 766 of Dodd-Frank Act.doc	Supplementary Document	Uploaded 2010-10-12	Available

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
194846	Report pre-enactment security-based swap transactions		New
194839	Retain information and documents		New
194831	Reports to the Commission		New

ICR Details

OMB Control No: 3235-0668	ICR Reference No: 201010-3235-007
Status: Historical Active	Previous ICR Reference No:
Agency/Subagency: SEC	Agency Tracking No: TM-270-619
Title: Rule 13Aa-2T: Reporting of Security-Based Swap Transaction Data
Type of Information Collection: New collection (Request for a new OMB Control Number)	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 01/10/2011
Retrieve Notice of Action (NOA)	Date Received in OIRA: 10/21/2010
Terms of Clearance: We are limiting approval to a year two-year period so that the agency can reevaluate, and revise as needed, the burden associated with this collection based upon any feedback received from the public and/or Commission findings.

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	01/31/2013	36 Months From Approved
Responses	3,000	0	0
Time Burden (Hours)	552,000	0	0
Cost Burden (Dollars)	25,000,000	0	0

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Abstract: A new collection to implement Section 766 of the Dodd-Frank Wall Street Reform and Consumer Protection Act, the Commission is adopting an interim final temporary rule that requires specified counterparties to security-based swap transactions entered into on or before July 22, 2010 to (1) report certain information relating to those transactions to a registered security-based swap data repository or to the Commission and (2) report information relating to those transactions to the Commission upon request.

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Authorizing Statute(s): PL: Pub.L. 111 - 203 766 Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
3235-AK73	Final or interim final rulemaking	75 FR 64643	10/20/2010

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	75 FR 64645	10/20/2010
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 3

table that charts list of burden

IC Title	Form No.	Form Name
Report pre-enactment security-based swap transactions
Reports to the Commission
Retain information and documents

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ICR Summary of Burden

table that charts list of burden

	Total Approved	Previously Approved	Change Due to New Statute	Change Due to Agency Discretion	Change Due to Adjustment in Estimate	Change Due to Potential Violation of the PRA
Annual Number of Responses	3,000	0	0	3,000	0	0
Annual Time Burden (Hours)	552,000	0	0	552,000	0	0
Annual Cost Burden (Dollars)	25,000,000	0	0	25,000,000	0	0

Burden increases because of Program Change due to Agency Discretion: Yes

Burden Increase Due to: Changing Regulations

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: A new collection to implement Section 766 of the Dodd-Frank Wall Street Reform and Consumer Protection Act, the Commission is adopting an interim final temporary rule that requires specified counterparties to security-based swap transactions entered into on or before July 22, 2010 to (1) report certain information relating to those transactions to a registered security-based swap data repository or to the Commission and (2) report information relating to those transactions to the Commission upon request.

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Annual Cost to Federal Government: $0

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? Yes

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? Uncollected

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Common Form ICR:  No

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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:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(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;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

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.

Certification Date: 10/21/2010

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