Document ID: SEC-2016-0056-0005
Agency: sec
Document Type: Notice
Title: Agency Information Collection Activities; Proposals, Submissions, and Approvals
Posted Date: 2022-04-13T04:00Z

[Federal Register Volume 87, Number 71 (Wednesday, April 13, 2022)]
[Notices]
[Page 21984]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-07834]

-----------------------------------------------------------------------

SECURITIES AND EXCHANGE COMMISSION

[SEC File No. 270-440, OMB Control No. 3235-0496]

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:
    Appendix F to Rule 15c3-1

    Notice is hereby given that pursuant to the Paperwork Reduction Act 
of 1995 (44 U.S.C. 3501 et seq.) (``PRA''), the Securities and Exchange 
Commission (``Commission'') is soliciting comments on the existing 
collection of information provided for in Appendix F to Rule 15c3-1 
(``Appendix F'' or ``Rule 15c3-1f'') (17 CFR 240.15c3-1f) under the 
Securities Exchange Act of 1934 (15 U.S.C. 78a et seq.) (``Exchange 
Act'').
    Appendix F applies to certain members of a class of broker-dealers 
known as over-the-counter (``OTC'') derivatives dealers. Exchange Act 
Rule 15c3-1 is the Commission's net capital rule for broker-dealers.\1\ 
Under Appendix F, an OTC derivatives dealer that is not a security-
based swap dealer may apply to the Commission for authorization to 
compute net capital charges for market and credit risk in accordance 
with Appendix F in lieu of computing securities haircuts under 
paragraph (c)(2)(vi) of Exchange Act Rule 15c3-1.\2\
---------------------------------------------------------------------------

    \1\ 17 CFR 240.15c3-1. An OTC derivatives dealer that is also 
registered as a security-based swap dealer is subject to the net 
capital provisions of Exchange Act Rule 18a-1 (17 CFR 240.18a-1).
    \2\ An OTC derivatives dealer that is also registered as a 
security-based swap dealer may apply to the Commission for 
authorization to compute deductions for market and credit risk using 
models under paragraph (d) of Rule 18a-1.
---------------------------------------------------------------------------

    At present, three OTC derivatives dealers have been approved to use 
Appendix F. No additional OTC derivatives dealers have applied to use 
Appendix F, and the staff does not expect that any additional OTC 
derivatives dealers will apply to use Appendix F during the next three 
years. The Commission estimates that the three approved OTC derivatives 
dealers will spend an average of approximately 1,000 hours each per 
year reporting information concerning their value-at-risk (``VAR'') 
models and internal risk management systems, for a total annual burden 
of approximately 3,000 hours.
    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 within 30 days May 13, 2022 of publication of 
this notice 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: [email protected].

    Dated: April 7, 2022.
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2022-07834 Filed 4-12-22; 8:45 am]
BILLING CODE 8011-01-P