Rule 15Fi-2 Trade Acknowledgment and Verification of Security-Based Swap Transactions

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
3235-0713.pdf	Supplementary Document	Uploaded 2023-01-27	Repair queued
3235-0713.pdf	Supplementary Document	Uploaded 2023-01-27	Repair queued
DGL REVISED 2022 Rule 15Fi-2 Supporting Statement.pdf	Supporting Statement A	Uploaded 2022-10-12	Repair queued
3235-0713 30 Day Notice.pdf	Supplementary Document	Uploaded 2020-01-16	Repair queued
3235-0713 60 Day Notice.pdf	Supplementary Document	Uploaded 2020-01-16	Repair queued
Exchange_Act_Sec._15F.pdf	Supplementary Document	Uploaded 2014-03-24	Repair queued

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
238283	IC4 - Policies and Procedures - Ongoing Burden		Modified
238282	IC2 - Ongoing Support of OMSs		Modified
210892	IC3 - Policies and Procedures - Initial Burden		Modified
210891	IC1 - Initial Modification of OMSs		Modified

ICR Details

OMB Control No: 3235-0713	ICR Reference No: 202210-3235-019
Status: Historical Active	Previous ICR Reference No: 201909-3235-010
Agency/Subagency: SEC	Agency Tracking No: TM-270-633
Title: Rule 15Fi-2 Trade Acknowledgment and Verification of Security-Based Swap Transactions
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 04/26/2023
Retrieve Notice of Action (NOA)	Date Received in OIRA: 01/27/2023
Terms of Clearance:

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	04/30/2026	36 Months From Approved	04/30/2023
Responses	98	0	220
Time Burden (Hours)	22,848	0	34,155
Cost Burden (Dollars)	0	0	0

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Abstract: Rule 15Fi-2 prescribes documentation standards for the timely and accurate acknowledgment and verification of SBS transactions by SBS Entities. The rule contains seven paragraphs: (a) the trade acknowledgment obligations of specific SBS Entities; (b) the prescribed time frames under which a trade acknowledgment must be provided; (c) the form and content requirements of the trade acknowledgment; (d) SBS Entities’ verification obligations; (e) a limited exception from the requirement to provide a clearing agency a trade acknowledgment in a clearing transaction; (f) a limited exception from the requirement to provide a trade acknowledgment for certain transactions executed on a security-based swap execution facility or a national securities exchange or accepted for clearing by a clearing agency; and (g) a limited exemption from the requirements of Exchange Act Rule 10b-10 for a broker-dealer acting as principal for its own account in a security-based swap transaction.

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Authorizing Statute(s): US Code: 15 USC 78o-8(i) Name of Law: Securities Exchange Act of 1934
  

Citations for New Statutory Requirements: US Code: 15 USC 78o-8(i) Name of Law: Securities Exchange Act of 1934

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	87 FR 64122	10/21/2022
30-day Notice:	Federal Register Citation:	Citation Date:
	88 FR 5387	01/27/2023
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 4

table that charts list of burden

IC Title	Form No.	Form Name
IC1 - Initial Modification of OMSs
IC2 - Ongoing Support of OMSs
IC3 - Policies and Procedures - Initial Burden
IC4 - Policies and Procedures - Ongoing Burden

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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	98	220	0	0	-122	0
Annual Time Burden (Hours)	22,848	34,155	0	0	-11,307	0
Annual Cost Burden (Dollars)	0	0	0	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: The decrease in the estimated annual hour burden from 34,155 hours to 22,848 hours is due to a reduction in the estimated number of respondents from 55 to 48 and the fact that the initial one-time burdens associated with modifying OMSs and creating policies and procedures (IC1 and IC3) have already been incurred by each of these respondents.

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Annual Cost to Federal Government: $0

Does this IC contain surveys, censuses, or employ statistical methods? No

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination.     No

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination.     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? No

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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: 01/27/2023

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