Federal Register / Vol. 87, No. 137 / Tuesday, July 19, 2022 / Notices 43099 

1While Rule 18a–3 contains requirements that 

apply to both nonbank SBSDs and MSBSPs, the 

particular requirements that constitute a collection 

of information relate only to nonbank SBSDs. 2 7 nonbank SBSDs × 210 hours = 1,470 hours. 

These amounts are annualized over three years 

resulting in 70 (210 hours/3 years) hours per 

nonbank SBSD per year and an industry wide 

annual burden of 490 recordkeeping hours. 3 7 nonbank SBSDs × 60 hours = 420 hours. 4 490 hours + 420 hours = 910 hours. 

5 5 nonbank SBSDs × 50 hours = 250 hours. These 

amounts are annualized over three years resulting 

in 16.67 (50 hours/3 years) hours per nonbank 

SBSD per year and an industry wide annual burden 

of 83.33 recordkeeping hours, rounded down to 83 

hours. 

6 5 nonbank SBSDs × 250 hours = 1,250 hours. 

7 (250 hours/3 years) + 1,250 hours = 1,333.33 

hours, rounded down to 1,333 hours. 

promotes efficiency, competition, and 

capital formation. 

There are approximately 2,683 

respondents that must comply with 

Rule 15l–1. The aggregate annual 

burden for all respondents is estimated 

to be 2,568,434 hours, or 957 hours per 

respondent (2,568,434 hours/2,683 

respondents). Under Rule 15l–1, 

respondents will also incur cost 

burdens. The aggregate annual cost 

burden for all respondents is estimated 

to be $12,085,860, or $4,505 per 

respondent ($12,085,860/2,681 

respondents). 

Written comments are invited on: (a) 

whether the proposed collection of 

information is necessary for the proper 

performance of the functions of the 

Commission, including whether the 

information will have practical utility; 

(b) the accuracy of the Commission’s 

estimate of the burden of the collection 

of information; (c) ways to enhance the 

quality, utility, and clarity of the 

information collected; and (d) ways to 

minimize the burden of the collection of 

information on respondents, including 

through the use of automated collection 

techniques or other forms of information 

technology. Consideration will be given 

to comments and suggestions submitted 

in writing by September 19, 2022. 

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. 

Please direct your written comments 

to: David Bottom, Director/Chief 

Information Officer, Securities and 

Exchange Commission, c/o John 

Pezzullo, 100 F Street NE, Washington, 

DC 20549, or send an email to: PRA_

Mailbox@sec.gov. 

Dated: July 13, 2022. 

J. Matthew DeLesDernier, 

Assistant Secretary. 

[FR Doc. 2022–15314 Filed 7–18–22; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[SEC File No. 270–651, OMB Control No. 

3235–0702] 

Submission for OMB Review; 

Comment Request: Extension: Rule 

18a–3 

Upon Written Request, Copies Available 

From: Securities and Exchange 

Commission, Office of FOIA Services, 

100 F Street NE, Washington, DC 

20549–2736 

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 

Rule 18a–3 (17 CFR 240.18a–3), under 

the Securities Exchange Act of 1934 (15 

U.S.C. 78a et seq.) (‘‘Exchange Act’’). 

Rule 18a–3 establishes minimum 

margin requirements for nonbank 

security-based swap dealers (‘‘SBSDs’’) 

and nonbank major security-based swap 

participants (‘‘MSBSPs’’) for noncleared security-based swaps. Under 

paragraph (e) of Rule 18a–3 nonbank 

SBSDs are required to monitor the risk 

of each account that holds non-cleared 

security based swaps for a counterparty 

and to establish, maintain, and 

document procedures and guidelines for 

monitoring the risk of accounts as part 

of its risk management control system 

required under Exchange Act Rule 

15c3–4. In addition, paragraph (d)(2) of 

Rule 18a–3 provides that a nonbank 

SBSD seeking approval to use a model 

to calculate initial margin will be 

subject to an application process 

consistent with Exchange Act Rule 

15c3–1e and paragraph (d) of Exchange 

Act Rule 18a–1, as applicable, governing 

the use of internal models to compute 

net capital.1

The total annual hour burden 

associated with Rule 18a–3 is 

approximately 2,243 hours calculated as 

follows: 

The Commission staff estimates that 

there are 7 nonbank SBSDs that are 

subject to Rule 18a–3. The staff further 

estimates that each would spend an 

average of approximately 210 hours 

establishing and documenting their Rule 

18a–3 counterparty risk monitoring 

procedures, for a one-time industrywide hour burden of approximately 

1,470 recordkeeping hours or 490 hours 

per year when annualized over three 

years.2 In addition, the staff estimates 

that each nonbank SBSD would spend 

an average of approximately 60 hours 

per year reviewing risks associated with 

its counterparties, for an annual 

industry-wide burden of approximately 

420 recordkeeping hours.3 Taken 

together, the annual industry-wide hour 

burden is approximately 910 hours.4

The Commission estimates it will take 

a nonbank SBSD approximately 50 

hours to prepare and submit an 

application to the Commission to seek 

authorization to use an internal model 

to calculate initial margin. The staff 

estimates that five non-bank SBSDs 

have sought Commission approval to 

use an internal model to calculate initial 

margin, resulting in a total industrywide one-time hour burden of 

approximately 250 hours or 

approximately 83 hours per year when 

annualized over three years.5 The 

Commission also estimates that each 

nonbank SBSD will spend 

approximately 250 hours per year 

reviewing, updating, and back testing 

their initial margin model, resulting in 

a total industry-wide annual hour 

burden of approximately 1,250 

recordkeeping hours.6 Taken together, 

the Commission estimates an annual 

industry-wide hour burden of 

approximately 1,333 hours.7

The total annual hour burden 

associated with Rule 18a–3 is thus 

approximately 2,243 hours (910 hours + 

1,333 hours). 

The total annual cost burden 

associated with Rule 18a–3 is 

approximately $3,333 calculated as 

follows: 

The 7 respondents subject to the 

collection of information may incur 

start-up costs in order to comply with 

this collection of information. These 

costs may vary depending on the size 

and complexity of the nonbank SBSD. 

In addition, the start-up costs may be 

less for the 2 nonbank SBSD 

respondents also registered as brokerdealers because these firms may already 

be subject to similar requirements with 

respect to other margin rules. For the 

remaining 5 nonbank SBSDs, because 

these written procedures may be novel 

undertakings for these firms, the 

Commission staff assumes these 

nonbank SBSDs will have their written 

risk analysis methodology reviewed by 

outside counsel. Therefore, the staff 

estimates that these 5 nonbank SBSDs 

will engage an outside counsel to review 

their written risk analysis methodology, 

at a rate of approximately $400 per hour 

for 5 hours (i.e., $2,000 in legal costs). 

This will result in a one-time industrywide external recordkeeping cost of 

approximately $10,000, or 


jspears on DSKJM1Z7X2PROD with NOTICES
43100 Federal Register / Vol. 87, No. 137 / Tuesday, July 19, 2022 / Notices 

8 5 nonbank SBSDs × $400/hour × 5 hours = 

$10,000. This amount annualized is $3,333.33 per 

nonbank SBSD, rounded down to $3,333. 

approximately $3,333 8 annualized over 

3 years. 

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. Find this particular 

information collection by selecting 

‘‘Currently under 30-day Review—Open 

for Public Comments’’ or by using the 

search function. Written comments and 

recommendations for the proposed 

information collection should be sent by 

August 18, 2022 to (i) www.reginfo.gov/ 

public/do/PRAMain and (ii) David 

Bottom, Director/Chief Information 

Officer, Securities and Exchange 

Commission, c/o John Pezzullo, 100 F 

Street NE, Washington, DC 20549, or by 

sending an email to: PRA_Mailbox@

sec.gov. 

Dated: July 13, 2022. 

J. Matthew DeLesDernier, 

Assistant Secretary. 

[FR Doc. 2022–15316 Filed 7–18–22; 8:45 am] 

BILLING CODE 8011–01–P 

DEPARTMENT OF STATE 

[Public Notice 11790] 

Review of the Designations as Foreign 

Terrorist Organizations of Communist 

Party of the Philippines New People’s 

Army and Jaish-e-Mohammed (and 

Other Aliases) 

Based on a review of the 

Administrative Record assembled 

pursuant to Section 219(a)(4)(C) of the 

Immigration and Nationality Act, 

amended (8 U.S.C. 

1189(a)(4)(C))(‘‘INA’’), and in 

consultation with the Attorney General 

and the Secretary of the Treasury, I 

conclude that the circumstances that 

were the bases for the designations of 

the aforementioned organizations as 

Foreign Terrorist Organizations have not 

changed in such a manner as to warrant 

revocation of the designations and that 

the national security of the United 

States does not warrant a revocation of 

the designations. 

Therefore, I hereby determine that the 

designation of the aforementioned 

organizations as Foreign Terrorist 

Organizations, pursuant to Section 219 

of the INA (8 U.S.C. 1189), shall be 

maintained. 

This determination shall be published 

in the Federal Register. 

Dated: July 6, 2022. 

Antony J. Blinken, 

Secretary of State. 

[FR Doc. 2022–15383 Filed 7–18–22; 8:45 am] 

BILLING CODE 4710–AD–P 

DEPARTMENT OF STATE 

[Public Notice 11788] 

Notice: International Digital Economy 

and Telecommunication (IDET) 

Advisory Committee Charter Renewal 

ACTION: Notice of charter renewal— 

IDET. 

In accordance with the provisions of 

the Federal Advisory Committee Act 

(FACA) and the general authority of the 

Secretary of State and the Department of 

State, the charter of the International 

Digital Economy and 

Telecommunication (IDET) Advisory 

Committee has been renewed for two 

years. 

The IDET consists of members of the 

telecommunications industry, including 

network operators and service 

providers, equipment vendors, members 

of academia; members of organizations, 

institutions, or entities with specific 

interest in digital economy, digital 

connectivity, economic aspects of 

emerging digital technologies, 

telecommunications, and 

communications and information policy 

matters; members of civil society; and 

officials of interested government 

agencies. The IDET provides views and 

advice to the Department of State on 

positions concerning international 

digital economy, telecommunications, 

and information policy matters. This 

advice has been a major factor in 

ensuring that the United States was well 

prepared to participate effectively in the 

international telecommunications and 

information policy arena, including the 

International Telecommunication Union 

(ITU), the Organization of American 

States Inter-American 

Telecommunication Commission 

(CITEL), the Organization for Economic 

Cooperation and Development (OECD), 

the Asia Pacific Economic Cooperation 

Forum Telecommunications and 

Information Working Group (APEC 

TELWG), the Group of Seven (G&), the 

Group of Twenty (G20) Digital Economy 

Task Force, and relevant standards 

setting bodies. 

FOR FURTHER INFORMATION CONTACT: 

Please contact the Designated Federal 

Officer (DFO) Daniel Oates, or Brian 

Mattys at IDET@state.gov or (202) 647– 

5205, or (202) 878–2010. 

Authority: 5 U.S.C. Appendix; 22 

U.S.C. 2656. 

Kevin E. Bryant, 

Acting Director, Office of Directives 

Management, Department of State. 

[FR Doc. 2022–15341 Filed 7–18–22; 8:45 am] 

BILLING CODE 4710–10–P 

DEPARTMENT OF TRANSPORTATION 

Federal Railroad Administration 

[Docket Number FRA–2022–0057] 

Petition for Waiver of Compliance 

Under part 211 of title 49 Code of 

Federal Regulations (CFR), this 

document provides the public notice 

that by letter dated May 17, 2022, 

Symans Enterprises (Symans) petitioned 

the Federal Railroad Administration 

(FRA) for a waiver of compliance from 

certain provisions of the Federal 

railroad safety regulations contained at 

49 CFR 230.17, One thousand four 

hundred seventy-two (1472) service day 

inspection. FRA assigned the petition 

Docket Number FRA–2022–0057. 

Specifically, Symans requests relief 

for steam locomotive VC 6, which is 

used in public tourist excursions. 

Regarding the locomotive’s 1472 service 

day inspection, Symans requests to 

extend the period in which the 

inspection is due from July 7, 2022, to 

December 31, 2023. Symans states that 

the annual inspection of VC 6 was 

completed in October 2021, and the 

extension would allow Symans to 

recover from revenue losses caused by 

the COVID–19 pandemic. In support of 

its request, Symans states that the 

locomotive has been stored inside and 

has operated without incident. 

A copy of the petition, as well as any 

written communications concerning the 

petition, is available for review online at 

www.regulations.gov. 

Interested parties are invited to 

participate in these proceedings by 

submitting written views, data, or 

comments. FRA does not anticipate 

scheduling a public hearing in 

connection with these proceedings since 

the facts do not appear to warrant a 

hearing. If any interested party desires 

an opportunity for oral comment and a 

public hearing, they should notify FRA, 

in writing, before the end of the 

comment period and specify the basis 

for their request. 

All communications concerning these 

proceedings should identify the 

appropriate docket number and may be 

submitted at http:// 


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