30 Day Notice

Federal Register / Vol. 87, No. 137 / Tuesday, July 19, 2022 / Notices
promotes efficiency, competition, and
capital formation.
There are approximately 2,683
respondents that must comply with
Rule 15l–1. The aggregate annual
burden for all respondents is estimated
to be 2,568,434 hours, or 957 hours per
respondent (2,568,434 hours/2,683
respondents). Under Rule 15l–1,
respondents will also incur cost
burdens. The aggregate annual cost
burden for all respondents is estimated
to be $12,085,860, or $4,505 per
respondent ($12,085,860/2,681
respondents).
Written comments are invited on: (a)
whether the proposed collection of
information is necessary for the proper
performance of the functions of the
Commission, including whether the
information will have practical utility;
(b) the accuracy of the Commission’s
estimate of the burden of the collection
of information; (c) ways to enhance the
quality, utility, and clarity of the
information collected; and (d) ways to
minimize the burden of the collection of
information on respondents, including
through the use of automated collection
techniques or other forms of information
technology. Consideration will be given
to comments and suggestions submitted
in writing by September 19, 2022.
An agency may not conduct or
sponsor, and a person is not required to
respond to, a collection of information
under the PRA unless it displays a
currently valid OMB control number.
Please direct your written comments
to: David Bottom, Director/Chief
Information Officer, Securities and
Exchange Commission, c/o John
Pezzullo, 100 F Street NE, Washington,
DC 20549, or send an email to: PRA_
[email protected].
Dated: July 13, 2022.
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2022–15314 Filed 7–18–22; 8:45 am]
BILLING CODE 8011–01–P

SECURITIES AND EXCHANGE
COMMISSION
[SEC File No. 270–651, OMB Control No.
3235–0702]

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Submission for OMB Review;
Comment Request: Extension: Rule
18a–3
Upon Written Request, Copies Available
From: Securities and Exchange
Commission, Office of FOIA Services,
100 F Street NE, Washington, DC
20549–2736
Notice is hereby given that pursuant
to the Paperwork Reduction Act of 1995

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(‘‘PRA’’) (44 U.S.C. 3501 et seq.), the
Securities and Exchange Commission
(‘‘Commission’’) has submitted to the
Office of Management and Budget
(‘‘OMB’’) a request for approval of
extension of the previously approved
collection of information provided for in
Rule 18a–3 (17 CFR 240.18a–3), under
the Securities Exchange Act of 1934 (15
U.S.C. 78a et seq.) (‘‘Exchange Act’’).
Rule 18a–3 establishes minimum
margin requirements for nonbank
security-based swap dealers (‘‘SBSDs’’)
and nonbank major security-based swap
participants (‘‘MSBSPs’’) for noncleared security-based swaps. Under
paragraph (e) of Rule 18a–3 nonbank
SBSDs are required to monitor the risk
of each account that holds non-cleared
security based swaps for a counterparty
and to establish, maintain, and
document procedures and guidelines for
monitoring the risk of accounts as part
of its risk management control system
required under Exchange Act Rule
15c3–4. In addition, paragraph (d)(2) of
Rule 18a–3 provides that a nonbank
SBSD seeking approval to use a model
to calculate initial margin will be
subject to an application process
consistent with Exchange Act Rule
15c3–1e and paragraph (d) of Exchange
Act Rule 18a–1, as applicable, governing
the use of internal models to compute
net capital.1
The total annual hour burden
associated with Rule 18a–3 is
approximately 2,243 hours calculated as
follows:
The Commission staff estimates that
there are 7 nonbank SBSDs that are
subject to Rule 18a–3. The staff further
estimates that each would spend an
average of approximately 210 hours
establishing and documenting their Rule
18a–3 counterparty risk monitoring
procedures, for a one-time industrywide hour burden of approximately
1,470 recordkeeping hours or 490 hours
per year when annualized over three
years.2 In addition, the staff estimates
that each nonbank SBSD would spend
an average of approximately 60 hours
per year reviewing risks associated with
its counterparties, for an annual
industry-wide burden of approximately
420 recordkeeping hours.3 Taken
together, the annual industry-wide hour
burden is approximately 910 hours.4
1 While Rule 18a–3 contains requirements that
apply to both nonbank SBSDs and MSBSPs, the
particular requirements that constitute a collection
of information relate only to nonbank SBSDs.
2 7 nonbank SBSDs × 210 hours = 1,470 hours.
These amounts are annualized over three years
resulting in 70 (210 hours/3 years) hours per
nonbank SBSD per year and an industry wide
annual burden of 490 recordkeeping hours.
3 7 nonbank SBSDs × 60 hours = 420 hours.
4 490 hours + 420 hours = 910 hours.

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43099

The Commission estimates it will take
a nonbank SBSD approximately 50
hours to prepare and submit an
application to the Commission to seek
authorization to use an internal model
to calculate initial margin. The staff
estimates that five non-bank SBSDs
have sought Commission approval to
use an internal model to calculate initial
margin, resulting in a total industrywide one-time hour burden of
approximately 250 hours or
approximately 83 hours per year when
annualized over three years.5 The
Commission also estimates that each
nonbank SBSD will spend
approximately 250 hours per year
reviewing, updating, and back testing
their initial margin model, resulting in
a total industry-wide annual hour
burden of approximately 1,250
recordkeeping hours.6 Taken together,
the Commission estimates an annual
industry-wide hour burden of
approximately 1,333 hours.7
The total annual hour burden
associated with Rule 18a–3 is thus
approximately 2,243 hours (910 hours +
1,333 hours).
The total annual cost burden
associated with Rule 18a–3 is
approximately $3,333 calculated as
follows:
The 7 respondents subject to the
collection of information may incur
start-up costs in order to comply with
this collection of information. These
costs may vary depending on the size
and complexity of the nonbank SBSD.
In addition, the start-up costs may be
less for the 2 nonbank SBSD
respondents also registered as brokerdealers because these firms may already
be subject to similar requirements with
respect to other margin rules. For the
remaining 5 nonbank SBSDs, because
these written procedures may be novel
undertakings for these firms, the
Commission staff assumes these
nonbank SBSDs will have their written
risk analysis methodology reviewed by
outside counsel. Therefore, the staff
estimates that these 5 nonbank SBSDs
will engage an outside counsel to review
their written risk analysis methodology,
at a rate of approximately $400 per hour
for 5 hours (i.e., $2,000 in legal costs).
This will result in a one-time industrywide external recordkeeping cost of
approximately $10,000, or
5 5 nonbank SBSDs × 50 hours = 250 hours. These
amounts are annualized over three years resulting
in 16.67 (50 hours/3 years) hours per nonbank
SBSD per year and an industry wide annual burden
of 83.33 recordkeeping hours, rounded down to 83
hours.
6 5 nonbank SBSDs × 250 hours = 1,250 hours.
7 (250 hours/3 years) + 1,250 hours = 1,333.33
hours, rounded down to 1,333 hours.

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Federal Register / Vol. 87, No. 137 / Tuesday, July 19, 2022 / Notices

approximately $3,333 8 annualized over
3 years.
An agency may not conduct or
sponsor, and a person is not required to
respond to, a collection of information
under the PRA unless it displays a
currently valid OMB control number.
The public may view background
documentation for this information
collection at the following website:
www.reginfo.gov. Find this particular
information collection by selecting
‘‘Currently under 30-day Review—Open
for Public Comments’’ or by using the
search function. Written comments and
recommendations for the proposed
information collection should be sent by
August 18, 2022 to (i) www.reginfo.gov/
public/do/PRAMain and (ii) David
Bottom, Director/Chief Information
Officer, Securities and Exchange
Commission, c/o John Pezzullo, 100 F
Street NE, Washington, DC 20549, or by
sending an email to: PRA_Mailbox@
sec.gov.
Dated: July 13, 2022.
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2022–15316 Filed 7–18–22; 8:45 am]
BILLING CODE 8011–01–P

DEPARTMENT OF STATE
[Public Notice 11790]

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Review of the Designations as Foreign
Terrorist Organizations of Communist
Party of the Philippines New People’s
Army and Jaish-e-Mohammed (and
Other Aliases)
Based on a review of the
Administrative Record assembled
pursuant to Section 219(a)(4)(C) of the
Immigration and Nationality Act,
amended (8 U.S.C.
1189(a)(4)(C))(‘‘INA’’), and in
consultation with the Attorney General
and the Secretary of the Treasury, I
conclude that the circumstances that
were the bases for the designations of
the aforementioned organizations as
Foreign Terrorist Organizations have not
changed in such a manner as to warrant
revocation of the designations and that
the national security of the United
States does not warrant a revocation of
the designations.
Therefore, I hereby determine that the
designation of the aforementioned
organizations as Foreign Terrorist
Organizations, pursuant to Section 219
of the INA (8 U.S.C. 1189), shall be
maintained.
8 5 nonbank SBSDs × $400/hour × 5 hours =
$10,000. This amount annualized is $3,333.33 per
nonbank SBSD, rounded down to $3,333.

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This determination shall be published
in the Federal Register.
Dated: July 6, 2022.
Antony J. Blinken,
Secretary of State.
[FR Doc. 2022–15383 Filed 7–18–22; 8:45 am]
BILLING CODE 4710–AD–P

Mattys at [email protected] or (202) 647–
5205, or (202) 878–2010.
Authority: 5 U.S.C. Appendix; 22
U.S.C. 2656.
Kevin E. Bryant,
Acting Director, Office of Directives
Management, Department of State.
[FR Doc. 2022–15341 Filed 7–18–22; 8:45 am]
BILLING CODE 4710–10–P

DEPARTMENT OF STATE
[Public Notice 11788]

DEPARTMENT OF TRANSPORTATION

Notice: International Digital Economy
and Telecommunication (IDET)
Advisory Committee Charter Renewal

Federal Railroad Administration

ACTION:

Notice of charter renewal—

IDET.
In accordance with the provisions of
the Federal Advisory Committee Act
(FACA) and the general authority of the
Secretary of State and the Department of
State, the charter of the International
Digital Economy and
Telecommunication (IDET) Advisory
Committee has been renewed for two
years.
The IDET consists of members of the
telecommunications industry, including
network operators and service
providers, equipment vendors, members
of academia; members of organizations,
institutions, or entities with specific
interest in digital economy, digital
connectivity, economic aspects of
emerging digital technologies,
telecommunications, and
communications and information policy
matters; members of civil society; and
officials of interested government
agencies. The IDET provides views and
advice to the Department of State on
positions concerning international
digital economy, telecommunications,
and information policy matters. This
advice has been a major factor in
ensuring that the United States was well
prepared to participate effectively in the
international telecommunications and
information policy arena, including the
International Telecommunication Union
(ITU), the Organization of American
States Inter-American
Telecommunication Commission
(CITEL), the Organization for Economic
Cooperation and Development (OECD),
the Asia Pacific Economic Cooperation
Forum Telecommunications and
Information Working Group (APEC
TELWG), the Group of Seven (G&), the
Group of Twenty (G20) Digital Economy
Task Force, and relevant standards
setting bodies.
FOR FURTHER INFORMATION CONTACT:
Please contact the Designated Federal
Officer (DFO) Daniel Oates, or Brian

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[Docket Number FRA–2022–0057]

Petition for Waiver of Compliance
Under part 211 of title 49 Code of
Federal Regulations (CFR), this
document provides the public notice
that by letter dated May 17, 2022,
Symans Enterprises (Symans) petitioned
the Federal Railroad Administration
(FRA) for a waiver of compliance from
certain provisions of the Federal
railroad safety regulations contained at
49 CFR 230.17, One thousand four
hundred seventy-two (1472) service day
inspection. FRA assigned the petition
Docket Number FRA–2022–0057.
Specifically, Symans requests relief
for steam locomotive VC 6, which is
used in public tourist excursions.
Regarding the locomotive’s 1472 service
day inspection, Symans requests to
extend the period in which the
inspection is due from July 7, 2022, to
December 31, 2023. Symans states that
the annual inspection of VC 6 was
completed in October 2021, and the
extension would allow Symans to
recover from revenue losses caused by
the COVID–19 pandemic. In support of
its request, Symans states that the
locomotive has been stored inside and
has operated without incident.
A copy of the petition, as well as any
written communications concerning the
petition, is available for review online at
www.regulations.gov.
Interested parties are invited to
participate in these proceedings by
submitting written views, data, or
comments. FRA does not anticipate
scheduling a public hearing in
connection with these proceedings since
the facts do not appear to warrant a
hearing. If any interested party desires
an opportunity for oral comment and a
public hearing, they should notify FRA,
in writing, before the end of the
comment period and specify the basis
for their request.
All communications concerning these
proceedings should identify the
appropriate docket number and may be
submitted at http://

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