Rules 13n-1 to 13n-11 and Form SDR

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
Form SDR Registration on Form SDR: 13n-1(b) and 13n-3(a) and Form SDR	Form and Instruction	Modified	Repair queued
89 FR 74317 (OMB 3235-0719).pdf	Supplementary Document	Uploaded 2024-09-12	Missing upstream
89 FR 56456 (OMB 3235-0719).pdf	Supplementary Document	Uploaded 2024-09-12	Repair queued
Supporting Statement SDR Rules and Form SDR FNL 7.1.24.pdf	Supporting Statement A	Uploaded 2024-07-01	Repair queued
3235-0719 60 Day Notice.pdf	Supplementary Document	Uploaded 2021-08-24	Repair queued
3235-0719 30 Day Notice.pdf	Supplementary Document	Uploaded 2021-08-24	Repair queued

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
215673	Privacy Requirements: 13n-9(b)(2)		Modified
215672	Privacy Requirements: 13n-9(b)(1) and 13n-4(b)(8)		Modified
215671	Procedures and Facilities to Resolve Disputes: 13n-5(b)(6)		Modified
215670	Conflict of Interest Controls: 13n-4(c)(3)		Modified
215669	Written Policies and Procedures for Board and Senior Management; 13n-4(c)(2)(iv)		Modified
215668	Policies and procedures to review any prohibition or limitation: 13n-4(c)(1)(iv)		Modified
215667	Establish and Enforce Objective Criteria: 13n-4(c)(1)(iii)		Modified
215666	Tagging Financial Reports: 13n-11(d) and (f)		Modified
215665	Annual Financial Reports: 13n-11(f) and (g)		Modified
215664	Prepare and Submit Annual Compliance Report: 13n-11(d), (e), and (h)		Modified
215663	Establish Procedures for Remediation of Compliance Issues: 13n-11(c)(6) and (7)		Modified
215660	Disclosure: 13n-10		Modified
215659	Reports: 13n-8		Modified
215658	Storage of Records: 13n-7(b)		Modified
215657	Make and Keep Records of Persons at Each Office: 13n-7(a)(1)		Modified
215634	Policies and Procedures: 13n-5(b)(1), (2), (3), and (5) and 13n-6		Modified
215633	IT Systems: 13n-4(b)(2) and (4) and 13n-5		Modified
215632	Withdrawal from Registration: 13n-2		Modified
215630	Amendments to Form SDR: 13n-1(d)		Modified
195313	Certification and Opinion of Counsel for Non-Resident SDRs: 13n-1(f)		Modified
195295	Registration on Form SDR: 13n-1(b) and 13n-3(a) and Form SDR	Form and Instruction	Modified

ICR Details

OMB Control No: 3235-0719	ICR Reference No: 202406-3235-017
Status: Received in OIRA	Previous ICR Reference No: 202105-3235-025
Agency/Subagency: SEC	Agency Tracking No: TM-270-622
Title: Rules 13n-1 to 13n-11 and Form SDR
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular	Date Submitted to OIRA: 09/13/2024

table that charts list comparision

	Requested	Previously Approved
Expiration Date	36 Months From Approved	11/30/2024
Responses	63	203
Time Burden (Hours)	127,505	425,009
Cost Burden (Dollars)	29,905,416	99,682,619

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Abstract: Title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act authorizes the Securities and Exchange Commission (the Commission) to regulate security-based swaps and to take steps to encourage accountability and transparency in this market. In an effort to enhance such transparency, section 763(i) of the Act establishes centralized recordkeeping facilities, known as security-based swap data repositories (SDRs), to retain complete records of security-based swap transactions, maintain the integrity of those records, and provide effective access to those records to relevant authorities. Pursuant to sections 763(i) and 766(a) of the Act, transactions in securities-based swaps must be reported to an SDR or the Commission. Rules 13n-1 to 13n-11 (“Rules”), as well as Form SDR, create a structure to register SDRs in accordance with this statutory mandate. Under the Rules, an SDR are required to register by filing a Form SDR. SDRs are also required to abide by certain minimum standards set out in the Rules, including a requirement to update Form SDR, abide by certain duties and core principles, maintain data in accordance with the Rules, keep their systems in accordance with the Rules, keep records, provide reports to the Commission, maintain privacy, make certain disclosures, and designate a Chief Compliance Officer (“CCO”).

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Authorizing Statute(s): US Code: 15 USC 78w(a) Name of Law: Section 23(a) of the Securities Exchange Act of 1934
   PL: Pub.L. 111 - 203 763(i) Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act
   US Code: 15 USC 78m(n) Name of Law: Section 13(n) of the Securities Exchange Act of 1934
  

Citations for New Statutory Requirements: PL: Pub.L. 111 - 203 763(i) 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:
	89 FR 56456	07/09/2024
30-day Notice:	Federal Register Citation:	Citation Date:
	89 FR 74317	09/12/2024
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 21

table that charts list of burden

IC Title	Form No.	Form Name
Amendments to Form SDR: 13n-1(d)
Annual Financial Reports: 13n-11(f) and (g)
Certification and Opinion of Counsel for Non-Resident SDRs: 13n-1(f)
Conflict of Interest Controls: 13n-4(c)(3)
Disclosure: 13n-10
Establish Procedures for Remediation of Compliance Issues: 13n-11(c)(6) and (7)
Establish and Enforce Objective Criteria: 13n-4(c)(1)(iii)
IT Systems: 13n-4(b)(2) and (4) and 13n-5
Make and Keep Records of Persons at Each Office: 13n-7(a)(1)
Policies and Procedures: 13n-5(b)(1), (2), (3), and (5) and 13n-6
Policies and procedures to review any prohibition or limitation: 13n-4(c)(1)(iv)
Prepare and Submit Annual Compliance Report: 13n-11(d), (e), and (h)
Privacy Requirements: 13n-9(b)(1) and 13n-4(b)(8)
Privacy Requirements: 13n-9(b)(2)
Procedures and Facilities to Resolve Disputes: 13n-5(b)(6)
Registration on Form SDR: 13n-1(b) and 13n-3(a) and Form SDR	SDR	Form SDR: Application or Amendment to Application for Registration or Withdrawal from Registration As Security-Based Swap Data Repository Under the Securities Exchange Act of 1934
Reports: 13n-8
Storage of Records: 13n-7(b)
Tagging Financial Reports: 13n-11(d) and (f)
Withdrawal from Registration: 13n-2
Written Policies and Procedures for Board and Senior Management; 13n-4(c)(2)(iv)

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ICR Summary of Burden

table that charts list of burden

	Total Request	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	63	203	0	0	-140	0
Annual Time Burden (Hours)	127,505	425,009	0	0	-297,504	0
Annual Cost Burden (Dollars)	29,905,416	99,682,619	0	0	-69,777,203	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:

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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: 09/13/2024

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