Rule 18a-6 – Records to be
preserved by certain security-based swap dealers and major
security-based swap participants
Revision of a currently approved collection
No
Regular
06/29/2022
Requested
Previously Approved
07/31/2024
07/31/2024
140
88
12,708
12,664
819,506
184,840
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. Proposed Partial Revision-- In
November 2021, the Commission proposed amendments to the electronic
recordkeeping requirements of security in Rule 18a-6. This proposed
partial revision addresses only the collections of information that
are proposed to be revised or added as a result of the rule
amendments proposed in November 2021 regarding the electronic
recordkeeping requirements of SBS Entities.
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 proposed amendments to the
rule would result in new information collections related to
electronic recordkeeping and would increase the burdens in this
ICR.
No
No
No
No
Yes
No
No
Timothy Fox 202
551-5687
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.