Federal Register / Vol. 83, No. 117 / Monday, June 18, 2018 / Notices 28295 

23 17 CFR 200.30–3(a)(12). 

• Send an email to rule-comments@

sec.gov. Please include File Number SR– 

ISE–2018–53 on the subject line. 

Paper Comments 

• Send paper comments in triplicate 

to Brent J. Fields, Secretary, Securities 

and Exchange Commission, 100 F Street 

NE, Washington, DC 20549–1090. 

All submissions should refer to File 

Number SR–ISE–2018–53. This file 

number should be included on the 

subject line if email is used. To help the 

Commission process and review your 

comments more efficiently, please use 

only one method. The Commission will 

post all comments on the Commission’s 

internet website (http://www.sec.gov/ 

rules/sro.shtml). Copies of the 

submission, all subsequent 

amendments, all written statements 

with respect to the proposed rule 

change that are filed with the 

Commission, and all written 

communications relating to the 

proposed rule change between the 

Commission and any person, other than 

those that may be withheld from the 

public in accordance with the 

provisions of 5 U.S.C. 552, will be 

available for website viewing and 

printing in the Commission’s Public 

Reference Room, 100 F Street NE, 

Washington, DC 20549, on official 

business days between the hours of 

10:00 a.m. and 3:00 p.m. Copies of the 

filing also will be available for 

inspection and copying at the principal 

office of the Exchange. All comments 

received will be posted without change. 

Persons submitting comments are 

cautioned that we do not redact or edit 

personal identifying information from 

comment submissions. You should 

submit only information that you wish 

to make available publicly. All 

submissions should refer to File 

Number SR–ISE–2018–53 and should be 

submitted on or before July 9, 2018. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.23

Eduardo A. Aleman, 

Assistant Secretary. 

[FR Doc. 2018–12932 Filed 6–15–18; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

Submission for OMB Review; 

Comment Request 

Upon Written Request, Copies Available 

From: Securities and Exchange 

Commission, Office of FOIA Services, 

100 F Street NE, Washington, DC 

20549–2736. 

Extension: 

Exchange Act Rules 13n–1—13n–12; Form 

SDR, SEC File No. 270–629, OMB 

Control No. 3235–0719 

Notice is hereby given that pursuant 

to the Paperwork Reduction Act of 1995 

(‘‘PRA’’) (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 approval of 

extension of the previously approved 

collection of information provided for in 

Rules 13n–1 through 13n–12 (17 CFR 

240.13n–1 through 240.13n–12) and 

Form SDR (‘‘Rules’’), under the 

Securities Exchange Act of 1934 (15 

U.S.C. 78m(n)(3) et seq.). 

Under the Rules, security-based swap 

data repositories (‘‘SDRs’’) are required 

to register with the Commission by 

filing a completed Form SDR (the filing 

of a completed Form SDR also 

constitutes an application for 

registration as a securities information 

processor (‘‘SIP’’)). 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 systems in 

accordance with the Rules, keep 

records, provide reports to the 

Commission, maintain the privacy of 

security-based swaps (‘‘SBSs’’) data, 

make certain disclosures, and designate 

a Chief Compliance Officer. In addition, 

there are a number of collections of 

information contained in the Rules. The 

information collected pursuant to the 

Rules is necessary to carry out the 

mandates of the Dodd-Frank Act and 

help ensure an orderly and transparent 

market for SBSs. 

The Commission staff estimates that it 

will take an SDR approximately 481 

hours to complete the initial Form SDR 

and any amendments thereto. This 

burden is composed of a one-time 

reporting burden that reflects the 

applicant’s staff time (i.e. internal labor 

costs) to prepare and submit the Form 

to the Commission and includes the 

burden of responding to additional 

provisions incorporated from Form SIP 

and finally includes responding to the 

revised disclosure of business 

affiliations burden. Assuming a 

maximum of ten SDRs, the aggregate 

one-time estimated dollar cost to 

complete Form SDR and any 

amendments thereto will be $793,840 

((Compliance Attorney at $334 per hour 

for 180 hours) + (Compliance Clerk at 

$64 per hour for 301 hours) × (10 

registrants)) and the aggregate ongoing 

cost per year will be $55,440 to comply 

with the rule. 

The Commission staff estimates that 

the average initial paperwork cost of 

filing a Form SDR to withdraw from 

registration will be 12 hours per SDR 

with an estimated dollar cost of $4,008 

to comply with the rule. The 

Commission estimates that an SDR will 

assign these responsibilities to a 

Compliance Attorney, calculated as 

follows: (Compliance Attorney at $334 

per hour for 12 hours) × (1 SDR 

withdrawing) = $4,008. 

In addition, the Commission staff 

estimates that the average initial 

paperwork cost for each non-resident 

SDR to comply with Rule 13n–1(f) will 

be 1 hour and $900 per SDR. Assuming 

a maximum of three non-resident SDRs, 

the aggregate one-time estimated dollar 

cost to comply with the rule will be 

$3,840, calculated as follows: ($900 for 

outside legal services + (Attorney at 

$380 per for 1 hour)) × (3 non-resident 

registrants). Finally, the Commission 

believes that the costs of filing Form 

SDR in a tagged data format beyond the 

costs of collecting the required 

information will be minimal. 

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. Comments should be 

directed to: (i) Desk Officer for the 

Securities and Exchange Commission, 

Office of Information and Regulatory 

Affairs, Office of Management and 

Budget, Room 10102, New Executive 

Office Building, Washington, DC 20503, 

or by sending an email to: Shagufta_

Ahmed@omb.eop.gov; and (ii) Pamela 

Dyson, Director/Chief Information 

Officer, Securities and Exchange 

Commission, c/o Candace Kenner, 100 F 

Street NE, Washington, DC 20549, or by 

sending an email to: PRA_Mailbox@

sec.gov. Comments must be submitted to 

OMB within 30 days of this notice. 

Dated: June 13, 2018. 

Eduardo A. Aleman, 

Assistant Secretary. 

[FR Doc. 2018–12982 Filed 6–15–18; 8:45 am] 

BILLING CODE 8011–01–P 


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