Rules 15Fb1-1 through 15Fb6-1 are designed to provide security-based swap dealers and major security-based swap participants with a method by which they can register with the Commission. Forms SBSE, SBSE-A, SBSE-BD, and SBSE-C are designed to provide the Commission with information necessary to determine whether to grant registration. Form SBSE-W is designed to provide the Commission with information necessary to determine whether it is appropriate to allow an entity to withdraw from registration.
US Code:
15 USC 78dd
Name of Law: Securities Exchange Act of 1934
US Code:
15 USC 78o-10(a) through (d)
Name of Law: Securities Exchange Act of 1934
US Code:
15 USC 78q
Name of Law: Securities Exchange Act of 1934
US Code:
15 USC 78w(a)
Name of Law: Securities Exchange Act of 1934
US Code: 15 USC 78o-10(a) through (d) Name of Law: Securities Exchange Act of 1934
The increase in the hour burden was caused by three factors. First, we added questions to the forms and increased the associated burden accordingly. Second, to address a comment received, we significantly increased our estimate of the number of associated persons employed by each respondent. Third, we had not previously included any burden associated with amending Schedule F.
The decrease in the cost burden was caused by our change to the senior officer certification, which eliminated the need for applicants to obtain an internal control report from a third party provider. This decrease was partially offset by increases in our estimate regarding the cost to obtain the services of an agent for service of process increased and our inclusion of the cost associated with the requirement to obtain a new opinion of counsel to address any changes in foreign law (which had not previously been included).
$20,625
No
No
No
Yes
No
Uncollected
Bonnie Gauch 202 942-0765
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.
Rule 15Fb2-4 and Schedule F: Amendments by Nonresident SBS Entities for changes to Foreign Law