Rule 18a-7 – Reports to be Made by Certain Security-Based Swap Dealers and Major Security-Based Swap Participants

Forms and Documents

Document	Type	Status	Availability
Form Form X-17A-5 Part 2024 Amendments – Aligning FOCUS Report Part IIC with FFIEC Form 031(initial burden)	Form	New	Missing upstream
Form Form X-17A-5 Part 2024 Amendments – Corrective and clarifying amendments to FOCUS Report Part II (initial burden)	Form	New	Repair queued
Form X-17A-5 FOCUS Report Part IIC for Bank SBSDs	Form and Instruction	Unchanged	Repair queued
Form X-17A-5 FOCUS Report Part II for Stand-Alone MSBSPs	Form and Instruction	Unchanged	Repair queued
Form X-17A-5 FOCUS Report Part II for Stand-Alone SBSDs	Form and Instruction	Unchanged	Repair queued
3235-0749 Supporting Statement (2025) Final.pdf	Supporting Statement A	Uploaded 2025-06-11	Repair queued

IC Document Collections

IC ID	Collection	Type	Status	Form
273865	2024 Amendments – Removal of oath or affirmation notarization requirement (initial burden)		New
273864	2024 Amendments – Amendments to FOCUS report signature requirement (initial burden)		New
273863	2024 Amendments – Aligning FOCUS Report Part IIC with FFIEC Form 031(initial burden)	Form	New
273862	2024 Amendments – Corrective and clarifying amendments to FOCUS Report Part II (initial burden)	Form	New
273861	2024 Amendments – Filing annual audit in Inline XBRL (ongoing burden)		New
273859	2024 Amendments – Filing annual audit in Inline XBRL (initial burden)		New
223468	Engagement of Accountant for Stand-Alone SBSDs Exempt from 18a-4		Unchanged
223466	Engagement of Accountant for Stand-Alone MSBSPs		Unchanged
223465	FOCUS Report Part IIC for Bank SBSDs	Form and Instruction	Unchanged
223464	FOCUS Report Part II for Stand-Alone MSBSPs	Form and Instruction	Unchanged
223463	FOCUS Report Part II for Stand-Alone SBSDs	Form and Instruction	Unchanged
223462	Notice of Change in Fiscal Year		Unchanged
223461	Statement Regarding Independent Public Accountant		Unchanged
223460	Annual Reports for Stand-Alone SBSDs Exempt from Rule 18a-4		Unchanged
223459	Annual Reports for Stand-Alone MSBSPs		Unchanged
223457	Customer Statements		Unchanged
223455	Reports for Model Stand-Alone SBSDs		Unchanged

ICR Details

OMB Control No: 3235-0749	ICR Reference No: 202408-3235-020
Status: Received in OIRA	Previous ICR Reference No: 202403-3235-002
Agency/Subagency: SEC	Agency Tracking No: TM
Title: Rule 18a-7 – Reports to be Made by Certain Security-Based Swap Dealers and Major Security-Based Swap Participants
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular	Date Submitted to OIRA: 06/11/2025

	Requested	Previously Approved
Expiration Date	36 Months From Approved	07/31/2027
Responses	413	263
Time Burden (Hours)	3,045	2,796
Cost Burden (Dollars)	2,451,674	2,424,074

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Abstract: Exchange Act Rule 18a-7, 17 CFR 18a-7, establishes reporting requirements applicable to stand-alone SBSDs, stand-alone MSBSPs, bank SBSDs, and bank MSBSPs. Rule 18a-7 is modeled on Exchange Act Rule 17a-5, which applies to broker-dealers, but it does not include a parallel requirement for every requirement in Rule 17a-5 because some of the requirements in Rule 17a-5 relate to activities that are not expected or permitted of SBSDs and MSBSPs. 2025 PARTIAL REVISION: The Commission recently amended Rule 18a-7 to require annual audited reports and related annual filings to be filed electronically in Inline eXtensible Business Reporting Language (“Inline XBRL”) through the Commission’s Electronic Data Gathering and Retrieval (“EDGAR”) system and is revising this information collection request in accordance with those amendments.

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Authorizing Statute(s): PL: Pub.L. 111 - 203 764 Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010
   US Code: 15 USC 78o-10 Name of Law: Securities Exchange Act of 1934
  

Citations for New Statutory Requirements: PL: Pub.L. 111 - 203 764 Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
3235-AL85	Final or interim final rulemaking	90 FR 7250	01/21/2025

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Federal Register Notices & Comments

Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 17

IC Title	Form No.	Form Name
2024 Amendments – Aligning FOCUS Report Part IIC with FFIEC Form 031(initial burden)	Form X-17A-5 Part IIC	Form X-17A-5 Part IIC
2024 Amendments – Amendments to FOCUS report signature requirement (initial burden)
2024 Amendments – Corrective and clarifying amendments to FOCUS Report Part II (initial burden)	Form X-17A-5 Part II	Form X-17A-5 Part II
2024 Amendments – Filing annual audit in Inline XBRL (initial burden)
2024 Amendments – Filing annual audit in Inline XBRL (ongoing burden)
2024 Amendments – Removal of oath or affirmation notarization requirement (initial burden)
Annual Reports for Stand-Alone MSBSPs
Annual Reports for Stand-Alone SBSDs Exempt from Rule 18a-4
Customer Statements
Engagement of Accountant for Stand-Alone MSBSPs
Engagement of Accountant for Stand-Alone SBSDs Exempt from 18a-4
FOCUS Report Part II for Stand-Alone MSBSPs	X-17A-5	Annual Reports
FOCUS Report Part II for Stand-Alone SBSDs	X-17A-5	Annual Reports
FOCUS Report Part IIC for Bank SBSDs	X-17A-5	Annual Reports
Notice of Change in Fiscal Year
Reports for Model Stand-Alone SBSDs
Statement Regarding Independent Public Accountant

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ICR Summary 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	413	263	0	150	0	0
Annual Time Burden (Hours)	3,045	2,796	0	249	0	0
Annual Cost Burden (Dollars)	2,451,674	2,424,074	0	27,600	0	0

Burden increases because of Program Change due to Agency Discretion: Yes

Burden Increase Due to: Changing Regulations

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: The Commission has adopted amendments to Rule 18a-7 that would revise the burdens estimates for the existing collections of information and add new ones. These are described in more detail in the attached Supporting Statement.

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Annual Cost to Federal Government:

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: 06/11/2025

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