42218 Federal Register / Vol. 87, No. 134 / Thursday, July 14, 2022 / Notices 

1 15 U.S.C. 78s(b)(1). 

2 17 CFR 240.19b–4. 

3Securities Exchange Act Release No. 94972 (May 

24, 2022), 87 FR 32489 (May 31, 2022) (SR–FICC– 

2022–003) (‘‘Notice of Filing’’). 

ESTIMATE OF ANNUAL RESPONDENT BURDEN—Continued 

Form No. Annual 

responses 

Time 

(minutes) 

Burden 

(hours) 

Total ...................................................................................................................................... 5,450 ........................ 959 

3. Title and purpose of information 

collection: Request for Medicare 

Payment; OMB 3220–0131. Under 

Section 7(d) of the Railroad Retirement 

Act (45 U.S.C. 231f), the RRB 

administers the Medicare program for 

persons covered by the railroad 

retirement system. The collection 

obtains the information needed by 

Palmetto GBA, the Medicare carrier for 

railroad retirement beneficiaries, to pay 

claims for payments under Part B of the 

Medicare program. Authority for 

collecting the information is prescribed 

in 42 CFR 424.32. 

The RRB currently utilizes Forms G– 

740S, Patient’s Request for Medicare 

Payment, along with Centers for 

Medicare & Medicaid Services Form 

CMS–1500, to secure the information 

necessary to pay Part B Medicare 

Claims. One response is completed for 

each claim. Completion is required to 

obtain a benefit. The RRB proposes no 

changes to Form G–740S. 

ESTIMATE OF ANNUAL RESPONDENT BURDEN

Form No. Annual 

responses 

Time 

(minutes) 

Burden 

(hours) 

G–740S ........................................................................................................................................ 1 0 1 

4. Title and purpose of information 

collection: Employer’s Deemed Service 

Month Questionnaire; OMB 3220–0156. 

Section 3 (i) of the Railroad Retirement 

Act (RRA) (45 U.S.C. 231b), as amended 

by Public Law 98–76, provides that the 

Railroad Retirement Board (RRB), under 

certain circumstances, may deem 

additional months of service in cases 

where an employee does not actually 

work in every month of the year, 

provided the employee satisfies certain 

eligibility requirements, including the 

existence of an employment relation 

between the employee and his or her 

employer. The procedures pertaining to 

the deeming of additional months of 

service are found in the RRB’s 

regulations at 20 CFR 210, Creditable 

Railroad Service. 

The RRB utilizes Form GL–99, 

Employer’s Deemed Service Months 

Questionnaire, to obtain service and 

compensation information from railroad 

employers to determine if an employee 

can be credited with additional deemed 

months of railroad service. Completion 

is mandatory. One response is required 

for each RRB inquiry. The RRB proposes 

no changes to Form GL–99. 

ESTIMATE OF ANNUAL RESPONDENT BURDEN

Form No. Annual 

responses 

Time 

(minutes) 

Burden 

(hours) 

GL–99 .......................................................................................................................................... 2,000 2 67 

Additional Information or Comments: 

To request more information or to 

obtain a copy of the information 

collection justification, forms, and/or 

supporting material, contact Kennisha 

Tucker at (312) 469–2591 or 

Kennisha.Tucker@rrb.gov. Comments 

regarding the information collection 

should be addressed to Brian Foster, 

Railroad Retirement Board, 844 North 

Rush Street, Chicago, Illinois 60611– 

1275 or emailed to Brian.Foster@rrb.gov. 

Written comments should be received 

within 60 days of this notice. 

Brian Foster, 

Clearance Officer. 

[FR Doc. 2022–14985 Filed 7–13–22; 8:45 am] 

BILLING CODE 7905–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–95233; File No. SR–FICC– 

2022–003] 

Self-Regulatory Organizations; Fixed 

Income Clearing Corporation; Order 

Approving a Proposed Rule Change To 

Require Applicants and Members To 

Maintain or Upgrade Their Network or 

Communications Technology 

July 8, 2022. 

I. Introduction 

On May 20, 2022, Fixed Income 

Clearing Corporation (‘‘FICC’’) filed 

with the Securities and Exchange 

Commission (‘‘Commission’’) proposed 

rule change SR–FICC–2022–003 

(‘‘Proposed Rule Change’’) pursuant to 

Section 19(b)(1) of the Securities 

Exchange Act of 1934 (‘‘Act’’) 1 and Rule 

19b–4 thereunder.2 The Proposed Rule 

Change was published for comment in 

the Federal Register on May 31, 2022.3

The Commission did not receive any 

comment letters on the proposed rule 

change. For the reasons discussed 

below, the Commission is approving the 

Proposed Rule Change. 

II. Description of the Proposed Rule 

Change 

A. Background 

FICC proposes to modify its 

Government Securities Division 

Rulebook (‘‘GSD Rules’’), MortgageBacked Securities Division Clearing 

Rules (‘‘MBSD Rules’’), and Electronic 

Pool Notification Rules of MBSD (‘‘EPN 

Rules,’’ and, together with the GSD 

Rules and the MBSD Rules, the 


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4FICC’s Rules are available at https://

www.dtcc.com/∼/media/Files/Downloads/legal/ 

rules/ficc_gov_rules.pdf; https://www.dtcc.com/∼/ 

media/Files/Downloads/legal/rules/ficc_mbsd_

rules.pdf; https://www.dtcc.com/∼/media/Files/ 

Downloads/legal/rules/ficc_mbsd_epnrules.pdf. 

5See Financial Stability Oversight Counsel 2012 

Annual Report, Appendix A (‘‘FSOC 2012 Report’’), 

available at http://www.treasury.gov/initiatives/ 

fsoc/Documents/2012-20Annual-20Report.pdf. 

6 Id. 

7 Id. 

8 12 U.S.C. 5465(e)(1). See FSOC 2012 Report, 

supra note 5. 

9See FSOC 2012 Report, Appendix A, supra note 

5. 

10Notice of Filing, supra note 3, at 32490. 

11 Id. 12 Id. 13 Id. 14 Id. 15 Id. 16 Id., at 32490–91. 17 Id. NIST is part of the U.S. Department of 

Commerce. The IETF is an open standards 

organization that develops and promotes voluntary 

internet standards, in particular, the technical 

standards that comprise the internet protocol suite 

(TCP/IP). For example, NIST Special Publication 

800–52 revision 2, specifies servers that support 

government-only applications shall be configured to 

use Transport Layer Security (‘‘TLS’’) 1.2 and 

should be configured to use TLS 1.3 as well. See 

https://nvlpubs.nist.gov/nistpubs/ 

SpecialPublications/NIST.SP.800-52r2.pdf. (TLS, 

the successor of the now-deprecated Secure Sockets 

Layer (‘‘SSL’’), is a cryptographic protocol designed 

to provide communications security over a 

computer network.) These servers should not be 

configured to use TLS 1.1 and shall not use TLS 1.0, 

SSL 3.0, or SSL 2.0. Additionally, the IETF formally 

deprecated TLS versions 1.0 and 1.1 in March of 

2021, stating that ‘‘[t]hese versions lack support for 

current and recommended cryptographic algorithms 

and mechanisms, and various government and 

industry profiles of applications using TLS now 

mandate avoiding these old TLS versions. . . . 

Removing support for older versions from 

implementations reduces the attack surface, reduces 

opportunity for misconfiguration, and streamlines 

library and product maintenance.’’ See https://

datatracker.ietf.org/doc/rfc8996/. FICC would also 

require members to discontinue using File Transfer 

Protocol (‘‘FTP’’), which FICC believes to be an 

insecure protocol because it transfers user 

authentication data (username and password) and 

file data as plain-text (not encrypted) over the 

network. Notice of Filing, supra note 3, at 32490– 

91. 

18Notice of Filing, supra note 3, at 32490–91. 

19 Id. 

20 Id. 

21Notice of Filing, supra note 3, at 32490–91. 

22 15 U.S.C. 78s(b)(2)(C). 

23 15 U.S.C. 78q–1(b)(3)(F). 

24 15 U.S.C. 78q–1(b)(3)(G). 

25 17 CFR 240.17Ad–22(e)(17)(i) and (ii). 

26 17 CFR 240.17Ad–22(e)(21)(iv). 

27 15 U.S.C. 78q–1(b)(3)(F). 

‘‘Rules’’) 4 to require its Members and 

applicants for membership (collectively, 

‘‘members’’) to upgrade and maintain 

their network technology, and 

communications technology or 

protocols, to meet standards that FICC 

would identify and publish via 

Important Notice on its website, as 

described more fully below. 

FICC is made up of two divisions, the 

Government Securities Division (FICC/ 

GSD) and the Mortgage Backed 

Securities Division (FICC/MBSD), each 

providing clearing services in a different 

portion of the fixed income market.5

FICC/GSD provides clearing, settlement, 

risk management, central counterparty 

services, and a guarantee of trade 

completion for U.S. government and 

agency securities.6 FICC/MBSD 

provides clearing, netting, settlement, 

risk management, and pool notification 

services to major market participants 

trading in pass-through MBS issued by 

the Ginnie Mae, Freddie Mac, and 

Fannie Mae.7 In light of its critical role 

in the marketplace, FICC was designated 

a Systemically Important Financial 

Market Utility (‘‘SIFMU’’) under Title 

VIII of the Dodd-Frank Wall Street 

Reform and Consumer Protection Act of 

2010.8 Due to FICC’s unique position in 

the marketplace, a failure or a 

disruption at FICC could, among other 

things, increase the risk of significant 

liquidity problems spreading among 

financial institutions or markets, and 

thereby threaten the stability of the 

financial system in the United States.9

FICC’s Rules currently do not require, 

either as part of an application for 

membership or as an ongoing 

membership requirement, any level or 

version for network technology, such as 

a web browser or other technology, or 

any level or version of communications 

technology or protocols, such as email 

encryption, secure messaging, or file 

transfers, that members may use to 

connect to or communicate with FICC.10

Therefore, FICC currently maintains 

multiple network and communications 

methods and protocols to interact with 

its members.11 This includes some 

outdated communication technologies 

in order to support members that 

continue to use such older 

technologies.12 FICC believes that 

continuing to use such outdated 

technologies could render 

communications between FICC and 

some of its members vulnerable to cyber 

risks.13 Additionally, members’ use of 

outdated technology delays FICC’s 

implementation of its own internal 

system upgrades, which by doing so, 

risks losing connectivity between FICC 

and a number of its members.14 Finally, 

FICC states that it currently expends 

additional resources, both in personnel 

and equipment, to maintain outdated 

communications channels.15

To mitigate the foregoing security 

concerns and resource inefficiencies, 

FICC proposes to require its members to 

upgrade and maintain network 

technology, communication technology, 

and protocol standards, in accordance 

with applicable technology standards 

that FICC would identify and publish 

via Important Notice on its website from 

time to time.16 FICC would base these 

requirements on standards set forth by 

widely accepted organizations such as 

the National Institute of Standards and 

Technology (‘‘NIST’’) and the internet 

Engineer Task Force (‘‘IETF’’).17

To implement the proposed changes, 

FICC would revise its Rules to require 

members to maintain or upgrade their 

network technology, communications 

technology, or protocols on the systems 

that connect to FICC, to the version 

FICC requires, within the time period 

FICC requires.18 Consistent with the 

guidance from NIST and other standards 

organizations, FICC would require the 

use of TLS 1.2, Secure FTP (‘‘SFTP’’), 

and other modern technology and 

communication standards and 

protocols, by its members for 

communication with FICC.19 FICC 

would publish such requirements via 

Important Notice on its website.20 FICC 

also proposes to amend its Rules to 

provide that failure to perform a 

necessary technology upgrade within 

the required timeframe would subject 

members to a monetary fine.21

III. Discussion and Commission 

Findings 

Section 19(b)(2)(C) of the Act 22

directs the Commission to approve a 

proposed rule change of a selfregulatory organization if it finds that 

such proposed rule change is consistent 

with the requirements of the Act and the 

rules and regulations thereunder 

applicable to such organization. After 

careful consideration, the Commission 

finds that the Proposed Rule Change is 

consistent with the requirements of the 

Act and the rules and regulations 

applicable to FICC. In particular, the 

Commission finds that the Proposed 

Rule Change is consistent with Sections 

17A(b)(3)(F) 23 and (b)(3)(G) 24 of the Act 

and Rules 17Ad–22(e)(17) 25 and 

(e)(21) 26 thereunder. 

A. Consistency With Section 

17A(b)(3)(F) of the Act 

Section 17A(b)(3)(F) of the Act 

requires that the rules of a clearing 

agency be designed to, among other 

things, promote the prompt and 

accurate clearance and settlement of 

securities transactions and assure the 

safeguarding of securities and funds 

which are in the custody or control of 

the clearing agency or for which it is 

responsible.27

As described above, FICC proposes to 

require its members to upgrade and 

maintain network technology, and 


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28 Id. 

29 15 U.S.C. 78q–1(b)(3)(G). 

30 Id. Additionally, by including the monetary 

fine provision in its Rules, FICC would enable its 

members to better identify and evaluate the material 

costs they might incur by participating in FICC, 

consistent with Rule 17Ad–22(e)(23)(ii). under the 

Act, which requires a covered clearing agency to 

establish, implement, maintain, and enforce written 

policies and procedures reasonably designed to 

provide sufficient information to enable 

participants to identify and evaluate the risks, fees, 

and other material costs they incur by participating 

in the covered clearing agency. See 17 CFR 

240.17Ad–22(e)(23)(ii). 

31 17 CFR 240.17Ad–22(e)(17)(i). 

32 Id. 

33 17 CFR 240.17Ad–22(e)(17)(ii). 

34 Id. 

communication technology and protocol 

standards, that meet the standards 

identified by FICC and published via 

Important Notice to FICC’s website from 

time to time. FICC would use standards 

set forth by widely accepted 

organizations such as NIST and the 

IETF as the requirements. The proposed 

requirements would enable FICC to 

avoid communicating with its members 

using outdated technologies that present 

security vulnerabilities to FICC. 

Specifically, as an initial matter, the 

proposed requirements would enable 

FICC to discontinue using 

communication technologies such as 

TLS 1.0, TLS 1.1, SSL 2.0, SSL 3.0, and 

FTP, which have been deemed not 

secure by organizations such as NIST 

and/or the IETF. Removing support for 

such outdated technologies would 

reduce FICC’s potential exposure to 

cyberattacks and other cyber 

vulnerabilities. 

If not adequately addressed, the risk 

of cyberattacks and other cyber 

vulnerabilities could affect FICC’s 

network and, in turn, FICC’s ability to 

clear and settle securities transactions, 

or to safeguard the securities and funds 

which are in FICC’s custody or control, 

or for which it is responsible. FICC 

designed the proposed requirements for 

members to upgrade their 

communications technology to address 

those risks, as described above. 

Accordingly, the Commission finds the 

proposed technology requirements on 

FICC’s members would promote the 

prompt and accurate clearance and 

settlement of securities transactions and 

assure the safeguarding of securities and 

funds which are in the custody or 

control of FICC or for which it is 

responsible, consistent with the 

requirements of Section 17A(b)(3)(F) of 

the Act.28

B. Consistency With Section 

17A(b)(3)(G) of the Act 

Section 17A(b)(3)(G) of the Act 

requires the rules of a clearing agency to 

provide that its participants shall be 

appropriately disciplined for violation 

of any provision of the rules of the 

clearing agency by fine or other fitting 

sanction.29 As noted above, FICC 

proposes to require its members to 

upgrade and maintain network 

technology, communication technology, 

and protocol standards, in accordance 

with applicable technology standards 

that FICC would identify and publish 

via Important Notice on its website. The 

proposed requirements would enable 

FICC to avoid communicating with its 

members using outdated technologies 

that present security vulnerabilities to 

FICC. If not adequately addressed, such 

vulnerabilities could affect FICC’s 

network and its ability to operate. FICC 

also proposes to amend its Rules to 

provide that failure to perform a 

necessary technology upgrade within 

the required timeframe would subject 

members to a monetary fine. Because 

the proposed monetary fine should 

incentivize FICC’s members to upgrade 

and maintain secure communications 

technology, thereby reducing FICC’s 

operational risks, the Commission finds 

the proposed rule change is consistent 

with the requirements of Section 

17A(b)(3)(G) of the Act.30

C. Consistency With Rule 17Ad– 

22(e)(17) Under the Act 

Rule 17Ad–22(e)(17)(i) under the Act 

requires that each covered clearing 

agency establish, implement, maintain 

and enforce written policies and 

procedures reasonably designed to 

manage the covered clearing agency’s 

operational risks by identifying the 

plausible sources of operational risk, 

both internal and external, and 

mitigating their impact through the use 

of appropriate systems, policies, 

procedures, and controls.31 FICC’s 

operational risks include cyber risks to 

its electronic systems. 

As described above, FICC and its 

members connect electronically to 

communicate with one another. 

However, FICC’s Rules currently do not 

require any level or version for network 

technology, such as a web browser or 

other technology, or any level or version 

of communications technology or 

protocols, such as email encryption, 

secure messaging, or file transfers, that 

members may use to connect to or 

communicate with FICC. As a result, 

FICC maintains some outdated 

communication technologies in order to 

support members that continue to use 

such older technologies. Continuing to 

use such outdated technologies could 

render communications between FICC 

and some of its members vulnerable to 

cyber risks. 

To mitigate the foregoing cyber risks, 

FICC proposes to require its members to 

upgrade and maintain network 

technology, and communication 

technology and protocol standards that 

meet the standards identified by FICC 

from time to time. The proposed 

technology requirements should reduce 

FICC’s cyber risk by requiring members 

to upgrade and maintain 

communications technology based on 

standards set forth by widely accepted 

organizations such as NIST and the 

IETF, thereby decreasing the operational 

risks presented to FICC. Because the 

proposed technology requirements 

would help FICC mitigate plausible 

sources of external operational risk, the 

Commission finds the proposed changes 

are consistent with the requirements of 

Rule 17Ad–22(e)(17)(i) under the Act.32

Rule 17Ad–22(e)(17)(ii) under the Act 

requires that each covered clearing 

agency establish, implement, maintain 

and enforce written policies and 

procedures reasonably designed to 

manage the covered clearing agency’s 

operational risks by ensuring, in part, 

that systems have a high degree of 

security, resiliency, and operational 

reliability.33 As noted above, FICC’s 

operational risks include cyber risks. 

As described above, FICC’s Rules 

currently do not require any level or 

version for network technology, such as 

a web browser or other technology, or 

any level or version of communications 

technology or protocols, such as email 

encryption, secure messaging, or file 

transfers, that members may use to 

connect to or communicate with FICC. 

FICC designed the proposed technology 

requirements to reduce cyber risks by 

requiring its members to upgrade and 

maintain communications technology 

based on standards set forth by widely 

accepted organizations such as NIST 

and the IETF. Requiring FICC’s 

members to use only secure 

communications technology would 

reduce FICC’s cyber risks and thereby 

strengthen the security, resiliency, and 

operational reliability of FICC’s network 

and other systems. Because the 

proposed technology requirements 

would enhance FICC’s ability to ensure 

that its systems have a high degree of 

security, resiliency, and operational 

reliability, the Commission finds the 

Proposed Rule Change is consistent 

with the requirements of Rule 17Ad– 

22(e)(17)(ii) under the Act.34


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35 17 CFR 240.17Ad–22(e)(21)(iv). 

36 Id. 

37 15 U.S.C. 78q–1. 

38 15 U.S.C. 78s(b)(2). 

39 In approving the Proposed Rule Change, the 

Commission considered the proposals’ impact on 

efficiency, competition, and capital formation. 15 

U.S.C. 78c(f). 

40 17 CFR 200.30–3(a)(12). 

D. Consistency With Rule 17Ad– 

22(e)(21) Under the Act 

Rule 17Ad–22(e)(21)(iv) under the Act 

requires that each covered clearing 

agency establish, implement, maintain 

and enforce written policies and 

procedures reasonably designed to have 

the covered clearing agency’s 

management regularly review the 

efficiency and effectiveness of its use of 

technology and communication 

procedures.35

As mentioned above, FICC maintains 

multiple network and communication 

methods to interact with its members, 

including certain outdated 

communication technologies necessary 

to support members that continue to use 

such older technologies. FICC believes 

that continuing to use such outdated 

technologies could render 

communications between FICC and 

some of its members vulnerable to cyber 

risks. Additionally, members’ use of 

outdated technology delays FICC’s 

implementation of its own internal 

system upgrades, which by doing so, 

risks losing connectivity between FICC 

and a number of its members. Finally, 

FICC states that it currently expends 

unnecessary resources to maintain 

outdated communications channels. In 

other words, FICC has subjected its 

network communication methods to 

review for efficiency and effectiveness. 

As a result, to enhance the efficiency 

and effectiveness of its technology and 

communication procedures, FICC 

proposes to require its members to 

upgrade and maintain network 

technology, communication technology, 

and protocol standards, in accordance 

with applicable technology standards 

that FICC would identify and publish 

via Important Notice on its website. 

Because the Proposed Rule Change is an 

outgrowth of FICC’s review of the 

efficiency and effectiveness of its 

technology and communication 

procedures, the Commission finds the 

Proposed Rule Change is consistent 

with the requirements of Rule 17Ad– 

22(e)(21)(iv) under the Act.36

IV. Conclusion 

On the basis of the foregoing, the 

Commission finds that the Proposed 

Rule Change is consistent with the 

requirements of the Act and in 

particular with the requirements of 

Section 17A of the Act 37 and the rules 

and regulations promulgated 

thereunder. 

It is therefore ordered, pursuant to 

Section 19(b)(2) of the Act 38 that 

Proposed Rule Change SR–FICC–2022– 

003, be, and hereby is, approved.39

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.40

J. Matthew DeLesDernier, 

Assistant Secretary. 

[FR Doc. 2022–15004 Filed 7–13–22; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[SEC File No. 270–780, OMB Control No. 

3235–0733] 

Proposed Collection; Comment 

Request; Extension: Rule 194 

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’’) is soliciting comments 

on the existing collection of information 

provided for in Commission Rule of 

Practice 194, (17 CFR 240.194), under 

the Securities Exchange Act of 1934 (15 

U.S.C. 78a et seq.). The Commission 

plans to submit this existing collection 

of information to the Office of 

Management and Budget (‘‘OMB’’) for 

extension and approval. 

Rule of Practice 194 provides a 

process for security-based swap dealers 

and major security-based swap 

participants (collectively, ‘‘SBS Entity’’) 

to make an application to the 

Commission for an order permitting an 

associated person who is subject to a 

statutory disqualification to effect or be 

involved in effecting security-based 

swaps on behalf of the SBS Entity. Rule 

of Practice 194 specifies the process for 

obtaining relief from the statutory 

prohibition in Exchange Act Section 

15F(b)(6), including by setting forth the 

required showing, the form of 

application and the items to be 

addressed with respect to associated 

persons that are natural persons. An 

SBS Entity is not required to file an 

application under Rule of Practice 194 

with respect to certain associated 

persons that are subject to a statutory 

disqualification, as provided for in 

paragraph (h) of Rule of Practice 194. To 

meet those requirements, however, the 

SBS Entity is required to file a notice 

with the Commission. 

It is estimated that approximately 50 

entities may fit within the definition of 

security-based swap dealer and up to 

five entities may fit within the 

definition of major security-based swap 

participant—55 SBS Entities in total. 

The Commission anticipates that, on an 

average annual basis, only a small 

fraction of the natural persons at an SBS 

Entity would be subject to a statutory 

disqualification. Accordingly, based on 

available data, the Commission 

estimates that, on an average annual 

basis, the Commission would receive up 

to five applications in accordance with 

Rule of Practice 194 with respect to 

associated persons that are natural 

persons, and five notices pursuant to 

proposed Rule of Practice 194(h) with 

respect to associated persons that are 

natural persons. The Commission 

estimates that the average time 

necessary for an SBS Entity to research 

the questions, and complete and file an 

application under Rule of Practice 194 

with respect to associated persons that 

are natural persons is approximately 30 

hours, for a total of approximately 150 

burden hours per year for all SBS 

Entities. The Commission estimates that 

approximately five SBS Entities will 

provide notices pursuant to Rule of 

Practice 194(h) for one natural person 

each on an average annual basis taking 

approximately 6 hours per notice, for a 

total of approximately 30 burden hours 

per year for all SBS Entities providing 

the notices for an estimated five natural 

persons. As such, the combined 

estimated annual hour burden for all 

SBS Entities to complete applications 

and notices pursuant to Rule of Practice 

194 is approximately 180 hours per year 

(150 + 30). 

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 shall have practical utility; 

(b) the accuracy of the Commission’s 

estimates of the burden of the proposed 

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 by 

September 12, 2022. 


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