Rule 18a-10 - Alternative compliance mechanism for security-based swap dealers that are registered as swap dealers and have limited security-based swap activities

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
2024 12 20_89 FR 104252_3235-0785_30-Day Submission Notice.pdf.pdf	Supplementary Document	Uploaded 2024-12-20	Available
2024 12 20_89 FR 104252_3235-0785_30-Day Submission Notice.pdf.pdf	Supplementary Document	Uploaded 2024-12-20	Repair queued
89 FR 83059 (OMB 3235–0785).pdf	Supplementary Document	Uploaded 2024-12-16	Available
89 FR 83059 (OMB 3235–0785).pdf	Supplementary Document	Uploaded 2024-12-16	Missing upstream
2024 Rule 18a-10 Supporting Statement.pdf	Supporting Statement A	Uploaded 2024-09-07	Available
2024 Rule 18a-10 Supporting Statement.pdf	Supporting Statement A	Uploaded 2024-09-07	Repair queued

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
247151	Rule 18a-10 - Simultaneous Notification		Unchanged
247150	Rule 18a-10 - Notices		Modified
247121	Rule 18a-10 - Update Disclosures		Modified
247052	Rule 18a-10 - Incorporate Disclosure Language		Modified
247051	Rule 18a-10 - Develop Disclosure Language		Modified

ICR Details

OMB Control No: 3235-0785	ICR Reference No: 202409-3235-002
Status: Active	Previous ICR Reference No: 202108-3235-004
Agency/Subagency: SEC	Agency Tracking No:
Title: Rule 18a-10 - Alternative compliance mechanism for security-based swap dealers that are registered as swap dealers and have limited security-based swap activities
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: 03/18/2025
Retrieve Notice of Action (NOA)	Date Received in OIRA: 12/20/2024
Terms of Clearance:

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	03/31/2028	36 Months From Approved	03/31/2025
Responses	2,006	0	3,008
Time Burden (Hours)	11	0	10,021
Cost Burden (Dollars)	0	0	0

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Abstract: Rule 18a-10 establishes an alternative compliance mechanism under which a stand-alone security-based swap dealer that is also registered as a swap dealer and that predominantly engages in a swaps business may elect to comply with the capital, margin, segregation and recordkeeping requirements of the Commodity Exchange Act and the rules thereunder applicable to swap dealers in lieu of complying with Rules 18a-1, and 18a-3 through 18a-9.

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Authorizing Statute(s): US Code: 15 USC 78a et seq Name of Law: Securities Exchange Act of 1934
  

Citations for New Statutory Requirements: None

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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 83059	10/15/2024
30-day Notice:	Federal Register Citation:	Citation Date:
	89 FR 104252	12/20/2024
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 5

table that charts list of burden

IC Title	Form No.	Form Name
Rule 18a-10 - Develop Disclosure Language
Rule 18a-10 - Incorporate Disclosure Language
Rule 18a-10 - Notices
Rule 18a-10 - Simultaneous Notification
Rule 18a-10 - Update Disclosures

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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	2,006	3,008	0	0	-1,002	0
Annual Time Burden (Hours)	11	10,021	0	0	-10,010	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: Rule 18a-10(b)(2) (Develop Disclosure Language): The burden was largely expected to be experienced during the first year after the adoption of the rule. Therefore, the burden has already been incurred and is no longer applicable. Rule 18a-10(b)(2) (Incorporate Disclosure Language): The burden was largely expected to be experienced during the first year after the adoption of the rule. Therefore, the burden has already been incurred and is no longer applicable. Rule 18a-10(b)(2) (Update Disclosures): Reduction in the number of respondents from 3 to 2.

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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: 12/20/2024

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