Regulation SBSR (Rules 900 - 912) – Reporting and Dissemination of Security-Based Swap Information

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
Supporting Statement Regulation SBSR Adopting Release - Final - 8-15-16.pdf	Supporting Statement A	Uploaded 2016-08-15	Available

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
222483	905 - Clearing Agencies		New
221243	906(c) - Registered Broker-Dealer Participants		Modified
221242	905 - Reporting Sides - New Respondents		Modified
221241	901 - Reporting Sides - New Respondents		Modified
221240	906(c) - Registered Clearing Agencies and Platforms		Modified
221239	901 - Clearing Agencies		Modified
221238	905 - Platforms		Modified
221237	901 - Platforms		Unchanged
214964	Rule 908(c) - Requesting Entities		Unchanged
214963	Rule 903(a) - Participants with LEIs		Unchanged
214962	Rule 903(a) - Participants without LEIs		Modified
195791	Rule 907 - SDR		Modified
195790	Rule 906(c) - Security-Based Swap Dealers and Major Security-Based Swap Participants		Unchanged
195789	Rule 906(b) - Participants		Modified
195788	Rule 906(a) - Participants		Modified
195787	Rule 906 - SDR		Unchanged
195786	Rule 905 - SDR		Modified
195785	Rule 905 - Participants		Unchanged
195784	Rule 905 - Reporting Sides		Modified
195783	Rule 904 - SDRs		Unchanged
195782	Rule 902 - SDRs		Unchanged
195781	Rule 901 - SDRs		Unchanged
195780	Rule 901 - Reporting Sides		Unchanged

ICR Details

OMB Control No: 3235-0718	ICR Reference No: 201607-3235-004
Status: Historical Active	Previous ICR Reference No: 201604-3235-014
Agency/Subagency: SEC	Agency Tracking No: TM-270-629
Title: Regulation SBSR (Rules 900 - 912) – Reporting and Dissemination of Security-Based Swap Information
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 01/12/2017
Retrieve Notice of Action (NOA)	Date Received in OIRA: 08/15/2016
Terms of Clearance:

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	01/31/2020	36 Months From Approved	05/31/2018
Responses	5,706,477	0	5,473,719
Time Burden (Hours)	2,066,441	0	1,963,729
Cost Burden (Dollars)	87,453,334	0	79,958,904

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Abstract: 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.

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Authorizing Statute(s): PL: Pub.L. 111 - 203 763, 766 Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act
  

Citations for New Statutory Requirements: PL: Pub.L. 111 - 203 763, 766 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-AL71	Final or interim final rulemaking	81 FR 53545	08/12/2016

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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: 23

table that charts list of burden

IC Title	Form No.	Form Name
901 - Clearing Agencies
901 - Platforms
901 - Reporting Sides - New Respondents
905 - Clearing Agencies
905 - Platforms
905 - Reporting Sides - New Respondents
906(c) - Registered Broker-Dealer Participants
906(c) - Registered Clearing Agencies and Platforms
Rule 901 - Reporting Sides
Rule 901 - SDRs
Rule 902 - SDRs
Rule 903(a) - Participants with LEIs
Rule 903(a) - Participants without LEIs
Rule 904 - SDRs
Rule 905 - Participants
Rule 905 - Reporting Sides
Rule 905 - SDR
Rule 906 - SDR
Rule 906(a) - Participants
Rule 906(b) - Participants
Rule 906(c) - Security-Based Swap Dealers and Major Security-Based Swap Participants
Rule 907 - SDR
Rule 908(c) - Requesting Entities

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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	5,706,477	5,473,719	232,758	0	0	0
Annual Time Burden (Hours)	2,066,441	1,963,729	102,712	0	0	0
Annual Cost Burden (Dollars)	87,453,334	79,958,904	7,494,430	0	0	0

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: Regulation SBSR was adopted in the Regulation SBSR Adopting Release and amended in the Regulation SBSR Amendments Adopting Release. The Commission adopted the amendments substantially as proposed.

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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: 08/15/2016

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