Rule 18a-6 – Records to be
preserved by certain security-based swap dealers and major
security-based swap participants
New
collection (Request for a new OMB Control Number)
No
Regular
05/05/2021
Requested
Previously Approved
36 Months From Approved
88
0
12,664
0
184,840
0
The SBS Recordkeeping Release adopted
new Exchange Act Rule 18a-6 (in conjunction with the new Exchange
Act Rule 18a-5) which establishes recordkeeping requirements
applicable to stand-alone SBSDs, stand-alone MSBSPs, bank SBSDs,
and bank MSBSPs. Rule 18a-6 is modeled on Exchange Act Rule 17a-4,
which applies to broker-dealers, but Rule 18a-6 does not include a
parallel requirement for every requirement in Rule 17a-4 because
some of the requirements in Rule 17a-4 relate to activities that
are not expected or permitted of stand-alone SBSDs, stand-alone
MSBSPs, bank SBSDs, and bank MSBSPs.
US Code:
15
USC 78o-10 Name of Law: Securities Exchange Act of 1934
PL:
Pub.L. 111 - 203 764 Name of Law: Dodd-Frank Wall Street Reform
and Consumer Protection Act of 2010
PL: Pub.L. 111 - 203 764 Name of Law:
Dodd-Frank Wall Street Reform and Consumer Protection Act of
2010
The Commission estimates that
the annual burdens in the final rule will decrease in comparison
with the proposal because the burden estimate has been revised to
reflect a reduction in the number of respondents. The Commission
has reduced the number of estimated respondents from the number
estimated in the proposal because of certain amendments to related
Rule 18a-10. These are discussed in more detail in Item 15 of the
Supporting Statement.
No
No
No
No
Yes
No
No
Abraham Jacob 202
551-5583
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.