Rule of Practice 194

Forms and Documents

Document	Type	Status	Availability
20250919_3235-0733_2025-18119_90 FR 45297_30-Day Submission Notice.pdf.pdf	Supplementary Document	Uploaded 2025-09-19	Available
20250919_3235-0733_2025-18119_90 FR 45297_30-Day Submission Notice.pdf.pdf	Supplementary Document	Uploaded 2025-09-19	Repair queued
Rule 194 Supporting Statement.pdf	Supporting Statement A	Uploaded 2025-09-15	Available
Rule 194 Supporting Statement.pdf	Supporting Statement A	Uploaded 2025-09-15	Repair queued
20250716_3235-0733_2025-13312_90 FR 32050_60-Day Collection Notice.pdf	Supplementary Document	Uploaded 2025-07-16	Available
20250716_3235-0733_2025-13312_90 FR 32050_60-Day Collection Notice.pdf	Supplementary Document	Uploaded 2025-07-16	Repair queued

IC Document Collections

IC ID	Collection	Type	Status	Form
218701	Notices		Modified
218699	Applications		Modified

ICR Details

OMB Control No: 3235-0733	ICR Reference No: 202507-3235-004
Status: Active	Previous ICR Reference No: 202206-3235-013
Agency/Subagency: SEC	Agency Tracking No: TM
Title: Rule of Practice 194
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: 01/16/2026
Retrieve Notice of Action (NOA)	Date Received in OIRA: 09/19/2025
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	01/31/2029	36 Months From Approved	01/31/2026
Responses	4	0	10
Time Burden (Hours)	48	0	180
Cost Burden (Dollars)	0	0	0

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Abstract: Rule of Practice 194 (17 CFR 201.194) provides a process for a registered security-based swap dealer or major security-based swap participant to make an application to the Commission for an order permitting an associated person that is a natural person who is subject to a statutory disqualification to effect or be involved in effecting security-based swaps on behalf of the security-based swap dealer or major security-based swap participant.

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Authorizing Statute(s): US Code: 15 USC 78o-10(b)(6) Name of Law: Securities Exchange Act of 1934
   US Code: 15 USC 78o-10(b)(4) Name of Law: Securities Exchange Act of 1934
   PL: Pub.L. 111 - 203 764(a) Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act
  

Citations for New Statutory Requirements: US Code: 15 USC 78o-10(b)(4) Name of Law: Securities Exchange Act of 1934
US Code: 15 USC 78o-10(b)(6) Name of Law: Securities Exchange Act of 1934

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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:
	90 FR 32050	07/16/2025
30-day Notice:	Federal Register Citation:	Citation Date:
	90 FR 45297	09/19/2025
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 2

IC Title	Form No.	Form Name
Applications
Notices

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ICR Summary 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	4	10	0	-6	0	0
Annual Time Burden (Hours)	48	180	0	-132	0	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: Yes

Burden Reduction Due to: Miscellaneous Actions

Short Statement: The estimated burden has decreased due to a decrease in the estimated number of respondents.

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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.     Yes

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: 09/19/2025

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