Document ID: SEC-2016-0056-0004
Agency: sec
Document Type: Notice
Title: Agency Information Collection Activities; Proposals, Submissions, and Approvals
Posted Date: 2022-02-07T05:00Z

[Federal Register Volume 87, Number 25 (Monday, February 7, 2022)]
[Notices]
[Page 6917]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-02505]

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

SECURITIES AND EXCHANGE COMMISSION

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

Proposed Collection; 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''). The Commission plans to submit this existing collection of 
information to the Office of Management and Budget (``OMB'') for 
extension and approval.
    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.
    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 in 
writing within 60 days of this publication.
    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: 
[email protected].

    Dated: February 2, 2022.
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2022-02505 Filed 2-4-22; 8:45 am]
BILLING CODE 8011-01-P