Rule 17ad-22 Clearing Agency Standards for Operation and Governance

ICR 202004-3235-009

OMB: 3235-0695

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2020-05-20
IC Document Collections
IC ID
Document
Title
Status
238130
Modified
238128
Modified
238127
Modified
238126
Modified
238125
Modified
238124
Modified
238123
Modified
238122
Modified
238121
Modified
238120
Unchanged
238119
Modified
238118
Modified
238117
Modified
238116
Modified
238115
Modified
238114
Modified
238113
Modified
238112
Modified
238111
Modified
238110
Modified
238109
Modified
238107
Modified
238106
Unchanged
238102
Unchanged
223780
Unchanged
223779
Unchanged
223778
Unchanged
223777
Unchanged
223776
Unchanged
223775
Unchanged
223774
Unchanged
223773
Unchanged
223772
Unchanged
223771
Unchanged
223770
Unchanged
223769
Unchanged
223768
Unchanged
223767
Unchanged
223766
Unchanged
223765
Unchanged
223764
Unchanged
223763
Unchanged
223762
Unchanged
223761
Unchanged
223760
Unchanged
223759
Unchanged
223758
Unchanged
203049
Unchanged
203048
Unchanged
203044
Unchanged
203043
Unchanged
203040
Unchanged
ICR Details
3235-0695 202004-3235-009
Active 201910-3235-005
SEC TM-270-646
Rule 17ad-22 Clearing Agency Standards for Operation and Governance
Revision of a currently approved collection   No
Regular
Approved without change 06/23/2020
Retrieve Notice of Action (NOA) 05/20/2020
  Inventory as of this Action Requested Previously Approved
03/31/2023 03/31/2023 03/31/2023
247 0 226
9,102 0 8,093
14,041,280 0 13,397,120

Rule 17Ad-22 sets standards for the operation and governance of “covered clearing agencies” (which consist of designated clearing agencies, clearing agencies involved in activities with a more complex risk profile for which the Commodity Futures Trading Commission is not the Supervisory Agency, and any clearing agency determined to be a covered clearing agency by the Commission). Specifically, Rule 17Ad-22 requires covered clearing agencies to establish, implement, maintain and enforce written policies and procedures designed to promote effective risk management procedures and controls as well as meet the statutory requirements under the Exchange Act on an ongoing basis. This PRA submission is being filed in connection with an amendment to certain rules that modify the definition of "covered clearing agency" to include central counterparties and central securities depositories. This submission updates the number of respondents that will be subject to the covered clearing agency standards in paragraph (e) of Rule 17Ad-22 due to the amendment.

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
   US Code: 15 USC 78c-3 Name of Law: Securities Exchange Act of 1934
  
US Code: 12 USC 5464(a)(2) Name of Law: Wall Street Reform and Consumer Protection Act

3235-AL48 Final or interim final rulemaking 85 FR 28553 05/14/2020

No

52
IC Title Form No. Form Name
IC44 - 17Ad-22(e)(19) (for respondent not registered)
IC46 - 7Ad-22(e)(20) (for respondent not registered)
IC50 - 17Ad-22(e)(22) (for respondent not registered)
IC52 - 17Ad-22(e)(23) (for respondent not registered)
IC3 - Rules 17Ad-22(b)(5)-(7)
IC41 - 17Ad-22(e)(18) (for respondents already registered)
Rule 17Ad-22(e)(1)
IC10 - 17Ad-22(e)(2) (for respondents already registered)
IC12 - 17Ad-22(e)(3) (for respondents already registered)
IC20 - 17Ad-22(e)(7) (for respondents already registered)
IC14 - 17Ad-22(e)(4) (for respondents already registered)
IC16 - 17Ad-22(e)(5) (for respondents already registered)
IC22 - 17Ad-22(e)(8) (for respondents already registered)
IC24 - 17Ad-22(e)(9) (for respondents already registered)
IC26 - 17Ad-22(e)(10) (for respondents already registered)
IC29 - 17Ad-22(e)(12) (for respondents already registered)
IC31 - 17Ad-22(e)(13) (for respondents already registered)
IC33 - 17Ad-22(e)(14) (for respondents already registered)
IC 35 - 17Ad-22(e)(15) (for respondents already registered)
IC18 - 17Ad-22(e)(6) (for respondents already registered)
IC 37 - 17Ad-22(e)(16) (for respondents already registered)
IC39 - 17Ad-22(e)(17) (for respondents already registered
IC43 - 17Ad-22(e)(19) (for respondents already registered)
IC47 - 17Ad-22(e)(21) (for respondents already registered)
IC49 - 17Ad-22(e)(22) (for respondents already registered)
IC51 - 17Ad-22(e)(23) (for respondents already registered)
IC2 - Rule 17Ad-22(b)(4) - Model Validation
IC4 - Rule 17Ad-22(c)(1) - Record of Financial Resources
IC1 - Rules 17Ad-22(b)(1)-(3)
IC5 - Rule 17Ad-22(c)(2) (for respondents already registered)
IC28 - Rule 17Ad-22(e)(11)
IC45 - 17Ad-22(e)(20) (for respondents already registered)
IC7 - Rules 17Ad-22(d)(1)-(15)
IC6 - Rule 17Ad-22(c)(2) (for respondents not registered)
IC11 - 17Ad-22(e)(2) (for respondent not registered)
IC13 - 17Ad-22(e)(3) (for respondent not registered)
IC19 - 17Ad-22(e)(6) (for respondent not registered)
IC25 - 17Ad-22(e)(9) (for respondent not registered)
IC36 - 17Ad-22(e)(15) (for respondent not registered)
IC9 - 17Ad-22(e)(1) (for respondent not registered)
IC17 - 17Ad-22(e)(5) (for respondent not registered)
IC15 - 17Ad-22(e)(4) (for respondent not registered)
IC21 - 17Ad-22(e)(7) (for respondent not registered)
IC30 - 17Ad-22(e)(12) (for respondents not registered)
IC32 - 17Ad-22(e)(13) (for respondent not registered)
IC34 - 17Ad-22(e)(14) (for respondent not registered)
IC40 - 17Ad-22(e)(17) (for respondent not registered)
IC23 - 17Ad-22(e)(8) (for respondent not registered)
IC27 - 17Ad-22(e)(10) (for respondent not registered)
IC38 - 17Ad-22(e)(16) (for respondent not registered)
IC42 - 17Ad-22(e)(18) (for respondent not registered)
IC48 - 17Ad-22(e)(21) (for respondent not registered)

  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 247 226 0 21 0 0
Annual Time Burden (Hours) 9,102 8,093 0 1,009 0 0
Annual Cost Burden (Dollars) 14,041,280 13,397,120 0 644,160 0 0
Yes
Changing Regulations
No
The Commission adopted amendments to existing Rule 17Ad-22(e) that increase the number of respondent, and therefore the overall burdens and costs for paragraph (e). The information collections in the other paragraphs of Rule 17Ad-22 are not changed.

$0
No
    No
    No
No
Yes
No
No
Jesse Capelle 202 551-6468

  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.
05/20/2020


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