Regulation SBSR (Rules 900 - 912) – Reporting and Dissemination of Security-Based Swap Information

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
3235-0718.pdf	Supplementary Document	Uploaded 2023-02-10	Repair queued
3235-0718.pdf	Supplementary Document	Uploaded 2023-02-10	Repair queued
DGL FINAL REVISED 2022 Supporting Statement Regulation SBSR PRA Renewal.pdf	Supporting Statement A	Uploaded 2022-11-29	Repair queued
3235-0718 30 Day Notice.pdf	Supplementary Document	Uploaded 2019-12-16	Repair queued
3235-0718 60 Day Notice.pdf	Supplementary Document	Uploaded 2019-12-16	Repair queued

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
222483	905 - Clearing Agencies		Modified
221243	906(c) - Registered Broker-Dealer Participants		Unchanged
221242	905 - Reporting Sides - New Respondents		Unchanged
221241	901 - Reporting Sides - New Respondents		Modified
221240	906(c) - Registered Clearing Agencies and Platforms		Modified
221239	901 - Clearing Agencies		Modified
221238	905 - Platforms		Unchanged
221237	901 - Platforms		Modified
214964	Rule 908(c) - Requesting Entities		Modified
214963	Rule 903(a) - Participants with LEIs		Modified
214962	Rule 903(a) - Participants without LEIs		Modified
195791	Rule 907 - SDR		Modified
195790	Rule 906(c) - Security-Based Swap Dealers and Major Security-Based Swap Participants		Modified
195789	Rule 906(b) - Participants		Modified
195788	Rule 906(a) - Participants		Modified
195787	Rule 906 - SDR		Modified
195786	Rule 905 - SDR		Modified
195785	Rule 905 - Participants		Modified
195784	Rule 905 - Reporting Sides		Modified
195783	Rule 904 - SDRs		Modified
195782	Rule 902 - SDRs		Modified
195781	Rule 901 - SDRs		Modified
195780	Rule 901 - Reporting Sides		Modified

ICR Details

OMB Control No: 3235-0718	ICR Reference No: 202210-3235-032
Status: Active	Previous ICR Reference No: 201905-3235-030
Agency/Subagency: SEC	Agency Tracking No: TM-270-629
Title: Regulation SBSR (Rules 900 - 912) – Reporting and Dissemination of Security-Based Swap Information
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: 04/27/2023
Retrieve Notice of Action (NOA)	Date Received in OIRA: 02/10/2023
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	27,600,667	0	5,706,477
Time Burden (Hours)	3,539,483	0	2,066,441
Cost Burden (Dollars)	47,728,783	0	87,419,472

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Abstract: The Dodd-Frank Act amends the Exchange Act to require the Commission to adopt rules providing for, among other things (i) the reporting of security-based swaps (“SBSs”) to a registered security-based swap data repository (“SDR”) or to the Commission; and (ii) real-time public dissemination of SBS transaction, volume, and pricing information. Pursuant to Sections 763 and 766 of Title VII of the Dodd-Frank Act, the Commission is adopting Regulation SBSR to fulfill these requirements.

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Authorizing Statute(s): PL: Pub.L. 111 - 203 763, 766 Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act
  

Citations for New Statutory Requirements: PL: Pub.L. 111 - 203 763, 766 Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act

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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 74689	12/06/2022
30-day Notice:	Federal Register Citation:	Citation Date:
	88 FR 8949	02/10/2023
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 23

table that charts list of burden

IC Title	Form No.	Form Name
901 - Clearing Agencies
901 - Platforms
901 - Reporting Sides - New Respondents
905 - Clearing Agencies
905 - Platforms
905 - Reporting Sides - New Respondents
906(c) - Registered Broker-Dealer Participants
906(c) - Registered Clearing Agencies and Platforms
Rule 901 - Reporting Sides
Rule 901 - SDRs
Rule 902 - SDRs
Rule 903(a) - Participants with LEIs
Rule 903(a) - Participants without LEIs
Rule 904 - SDRs
Rule 905 - Participants
Rule 905 - Reporting Sides
Rule 905 - SDR
Rule 906 - SDR
Rule 906(a) - Participants
Rule 906(b) - Participants
Rule 906(c) - Security-Based Swap Dealers and Major Security-Based Swap Participants
Rule 907 - SDR
Rule 908(c) - Requesting Entities

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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	27,600,667	5,706,477	0	0	21,894,190	0
Annual Time Burden (Hours)	3,539,483	2,066,441	0	0	1,473,042	0
Annual Cost Burden (Dollars)	47,728,783	87,419,472	0	0	-39,690,689	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 total annual hour burden increased from 2,066,411 hours to 3,539,483 hours. Although the total initial hour burden decreased mainly due to a decrease in the estimated number of reporting sides from 300 to 134, the overall burden increased mainly because the estimated number of participants increased from 4,800 to 15,082. The total annual cost burden decreased from $87,419,472 to $47,728,783. Even though the Commission uniformly revised its cost estimates upward by 15% to account for inflation from 2019 to 2022, the total costs decreased despite the upward adjustment for inflation due to the magnitude of the reduction in the estimated number of respondents, especially reporting sides.

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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: 02/10/2023

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