Clearing Agency Standards for Operation and Governance

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
PRA Supporting Statement - 17Ad-22 - Final - 4-30-15.docx	Supporting Statement A	Uploaded 2015-04-30	Available

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
216497	Rule 17Ad-22(e)(23)		New
216496	Rule 17Ad-22(e)(22)		New
216495	Rule 17Ad-22(e)(21)		New
216494	Rule 17Ad-22(e)(20)		New
216492	Rule 17Ad-22(e)(19)		New
216491	Rule 17Ad-22(e)(18)		New
216488	Rule 17Ad-22(e)(17)		New
216487	Rule 17Ad-22(e)(16)		New
216484	Rule 17Ad-22(e)(15)		New
216483	Rule 17Ad-22(e)(14)		New
216482	Rule 17Ad-22(e)(13)		New
216481	Rule 17Ad-22(e)(12)		New
216480	Rule 17Ad-22(e)(11)		New
216479	Rule 17Ad-22(e)(10)		New
216477	Rule 17Ad-22(e)(9)		New
216476	Rule 17Ad-22(e)(8)		New
216416	Rule 17Ad-22(e)(7)		New
216414	Rule 17Ad-22(e)(6)		New
216413	Rule 17Ad-22(e)(5)		New
216411	Rule 17Ad-22(e)(4)		New
216410	Rule 17Ad-22(e)(3)		New
216376	Rule 17Ad-22(e)(2)		New
216375	Rule 17Ad-22(e)(1)		New
216367	Rules 17Ad-22(d)(1)-(15)		New
204630	Rule 17Ad-22(c)		Modified
203049	Rule 17Ad-22(c)(2)		Modified
203048	Rule 17Ad-22(c)(1) - Record of Financial Resources		Modified
203044	Rules 17Ad-22(b)(5)-(7)		Modified
203043	Rule 17Ad-22(b)(4) - Model Validation		Modified
203040	Rules 17Ad-22(b)(1)-(3)		Modified

ICR Details

OMB Control No: 3235-0695	ICR Reference No: 201504-3235-015
Status: Historical Inactive	Previous ICR Reference No: 201210-3235-008
Agency/Subagency: SEC	Agency Tracking No: TM-270-646
Title: Clearing Agency Standards for Operation and Governance
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Comment filed on proposed rule and continue	Conclusion Date: 09/15/2015
Retrieve Notice of Action (NOA)	Date Received in OIRA: 05/07/2015
Terms of Clearance: Pursuant to 5 CFR 1320.11(c), OMB files this comment on this information collection request (ICR. The agency shall examine public comment in response to the NPRM and will describe in the supporting statement of its next collection any public comments received regarding the collection as well as why (or why it did not) incorporate the commenter’s recommendation. The next submission to OMB must include the draft final rule.

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	02/29/2016	36 Months From Approved	05/31/2016
Responses	57	0	57
Time Burden (Hours)	8,029	0	8,029
Cost Burden (Dollars)	8,888,000	0	8,888,000

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Abstract: In accordance with Section 763 of Title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, Section 805 of Title VIII of the Dodd-Frank Act, and Section 17A of the Securities Exchange Act of 1934, the Securities and Exchange Commission is adopting rules regarding registration of clearing agencies and standards for the operation and governance of clearing agencies.

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Authorizing Statute(s): US Code: 15 USC 78c-3 Name of Law: Securities Exchange Act of 1934
   US Code: 15 USC 78q-1 Name of Law: Securities Exchange Act of 1934
   US Code: 15 USC 5464(a)(2) Name of Law: Wall Street Reform and Consumer Protection Act
  

Citations for New Statutory Requirements: US Code: 12 USC 5464(a)(2) Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
3235-AL48	Proposed rulemaking	79 FR 29507	05/22/2014

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Federal Register Notices & Comments

Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 30

table that charts list of burden

IC Title	Form No.	Form Name
Rule 17Ad-22(b)(4) - Model Validation
Rule 17Ad-22(c)
Rule 17Ad-22(c)(1) - Record of Financial Resources
Rule 17Ad-22(c)(2)
Rule 17Ad-22(e)(1)
Rule 17Ad-22(e)(10)
Rule 17Ad-22(e)(11)
Rule 17Ad-22(e)(12)
Rule 17Ad-22(e)(13)
Rule 17Ad-22(e)(14)
Rule 17Ad-22(e)(15)
Rule 17Ad-22(e)(16)
Rule 17Ad-22(e)(17)
Rule 17Ad-22(e)(18)
Rule 17Ad-22(e)(19)
Rule 17Ad-22(e)(2)
Rule 17Ad-22(e)(20)
Rule 17Ad-22(e)(21)
Rule 17Ad-22(e)(22)
Rule 17Ad-22(e)(23)
Rule 17Ad-22(e)(3)
Rule 17Ad-22(e)(4)
Rule 17Ad-22(e)(5)
Rule 17Ad-22(e)(6)
Rule 17Ad-22(e)(7)
Rule 17Ad-22(e)(8)
Rule 17Ad-22(e)(9)
Rules 17Ad-22(b)(1)-(3)
Rules 17Ad-22(b)(5)-(7)
Rules 17Ad-22(d)(1)-(15)

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

Burden Increase Due to:

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

Burden Reduction Due to:

Short Statement: Some of the estimated PRA burdens will change as a result of the proposal of new Rule 17Ad-22(e). Specifically, the PRA burdens associated with portions of Rule 17Ad-22(d) have been reduced to reflect a decrease in the number of respondents that would be subject to the provisions of those rules. Prior to the proposal of Rule 17Ad-22(e), the Commission estimated that seven respondent clearing agencies would be subject to the PRA burdens associated with Rule 17Ad-22(d). The Commission believes that only four respondent clearing agencies will remain subject to the PRA burdens of certain portions of Rule 17Ad-22(d) after the proposal of Rule 17Ad-22(e) and the estimated burdens have been adjusted accordingly.

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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: 05/07/2015

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