30 Day Notice

89 FR 72916 (OMB 3235-0777).pdf

Rules 15Fi-3 through 15Fi-5 – Risk Mitigation Techniques for Uncleared Security-Based Swaps

30 Day Notice

OMB: 3235-0777

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72916

Federal Register / Vol. 89, No. 173 / Friday, September 6, 2024 / Notices

3642 and 3632(b)(3), on August 30,
2024, it filed with the Postal Regulatory
Commission a USPS Request to Add
Priority Mail & USPS Ground
Advantage® Contract 325 to
Competitive Product List. Documents
are available at www.prc.gov, Docket
Nos. MC2024–600, CP2024–608.
Sean Robinson,
Attorney, Corporate and Postal Business Law.
[FR Doc. 2024–20059 Filed 9–5–24; 8:45 am]
BILLING CODE 7710–12–P

POSTAL SERVICE
Product Change—Priority Mail
Express, Priority Mail, and USPS
Ground Advantage® Negotiated
Service Agreement
Postal ServiceTM.
Notice.

AGENCY:
ACTION:

The Postal Service gives
notice of filing a request with the Postal
Regulatory Commission to add a
domestic shipping services contract to
the list of Negotiated Service
Agreements in the Mail Classification
Schedule’s Competitive Products List.
DATES: Date of required notice:
September 6, 2024.
FOR FURTHER INFORMATION CONTACT:
Sean C. Robinson, 202–268–8405.
SUPPLEMENTARY INFORMATION: The
United States Postal Service® hereby
gives notice that, pursuant to 39 U.S.C.
3642 and 3632(b)(3), on August 29,
2024, it filed with the Postal Regulatory
Commission a USPS Request to Add
Priority Mail Express, Priority Mail &
USPS Ground Advantage® Contract 280
to Competitive Product List. Documents
are available at www.prc.gov, Docket
Nos. MC2024–595, CP2024–603.
SUMMARY:

Sean C. Robinson,
Attorney, Corporate and Postal Business Law.
[FR Doc. 2024–20053 Filed 9–5–24; 8:45 am]
BILLING CODE 7710–12–P

SECURITIES AND EXCHANGE
COMMISSION
[SEC File No. 270–822, OMB Control No.
3235–0777]

lotter on DSK11XQN23PROD with NOTICES1

Submission for OMB Review;
Comment Request; Extension: Rules
15Fi–3 through 15Fi–5
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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16:42 Sep 05, 2024

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(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 extension of the
previously approved collection of
information discussed below.
Rules 15Fi–3 through 15Fi–5 (17 CFR
240.15Fi–3 through 240.15Fi–5) under
the Securities Exchange Act of 1934 (15
U.S.C. 78a et seq.) require registered
security-based swap dealers (‘‘SBS
dealer’’) and registered major securitybased swap participants (‘‘major SBS
participant’’) (each SBS dealer and each
major SBS participant hereafter referred
to as an ‘‘SBS Entity’’) to apply specific
risk mitigation techniques to portfolios
of security-based swaps not submitted
for clearing. Rules 15Fi–3 through 15Fi–
5 impose a collection of information
requirements on SBS Entities.
Specifically, Rule 15Fi–3 requires SBS
Entities to reconcile outstanding
security-based swaps with applicable
counterparties on a periodic basis. Rule
15Fi–4 requires SBS Entities to engage
in certain forms of portfolio
compression exercises with their
counterparties, as appropriate. Rule
15Fi–5 requires SBS Entities to execute
written security-based swap trading
relationship documentation with each
of its counterparties prior to, or
contemporaneously with, executing a
security-based swap transaction, and to
periodically audit the policies and
procedures governing such
documentation.
Rules 15Fi–3 through 15Fi–5 have
been promulgated pursuant to Section
15F(i)(2) of the Exchange Act, which
requires that the Commission ‘‘adopt
rules governing documentation
standards for security-based swap
dealers and major security-based swap
participants.’’ Accordingly, the
collections of information are at the
heart of each of the underlying
documentation requirements of the
rules, such that not conducting them (or
reducing the frequency of collection)
would not be consistent with the
statutory provisions. Moreover, the
policies and procedures required to be
established, maintained, and followed
pursuant to Rules 15Fi–3 through 15Fi–
5 are instrumental in focusing and
assessing compliance with the
underlying rules, consistent with how
similar requirements are used in
numerous other Commission rules.
Thus, eliminating such collections (or
reducing the frequency of collection)
also would be inconsistent with the
applicable statutory provisions and the
intended effects of the rules.
The Commission estimated that
approximately 53 entities may fit within

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the definition of SBS dealer, and up to
five entities may fit within the
definition of major SBS participant.
Thus, the Commission estimated that
approximately 58 entities would be
required to register with the
Commission as SBS Entities and would
be subject to Rules 15Fi–3 through
15Fi–5. Of the 58 entities that would be
required to register with the
Commission as SBS Entities, the
Commission estimated that
approximately 20 would be duallyregistered with the Commodity Futures
Trading Commission (‘‘CFTC’’) as swap
dealers or major swap participants. As
the Rules 15Fi–3 through 15Fi–5 are
largely similar to those adopted by the
CFTC, dually-registered entities may
have procedures and systems in place to
collect the information, thereby
minimizing compliance burdens. The
Commission estimated that the total
annual industry burden under 15Fi–3
through 15Fi–5 is approximately
464,836 hours per year.
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
October 7, 2024 to (i) www.reginfo.gov/
public/do/PRAMain and (ii) Austin
Gerig, Director/Chief Data Officer,
Securities and Exchange Commission, c/
o Oluwaseun Ajayi, 100 F Street NE,
Washington, DC 20549, or by sending an
email to: [email protected].
Dated: September 3, 2024.
Vanessa A. Countryman,
Secretary.
[FR Doc. 2024–20133 Filed 9–5–24; 8:45 am]
BILLING CODE 8011–01–P

SECURITIES AND EXCHANGE
COMMISSION
[SEC File No. 270–480, OMB Control No.
3235–0537]

Submission for OMB Review;
Comment Request; Extension:
Regulation S–P
Upon Written Request, Copies Available
From: Securities and Exchange
Commission, Office of FOIA Services,

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