Document ID: SEC-2020-0065-0001
Agency: sec
Document Type: Notice
Title: Agency Information Collection Activities; Proposals, Submissions, and Approvals
Posted Date: 2020-01-16T05:00Z

[Federal Register Volume 85, Number 11 (Thursday, January 16, 2020)]
[Notices]
[Pages 2762-2763]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-00559]

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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:
    Rule 15Fi-2--Trade Acknowledgment and Verification of Security-
Based Swap Transactions, SEC File No. 270-633, OMB Control No. 3235-
0713

    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 
15Fi-2 (17 CFR 240.15Fi-2) under the Securities Exchange Act of 1934 
(``Exchange Act'') (15 U.S.C. 78a et seq.).
    Rule 15Fi-2 requires security-based swaps (``SBS'') dealers and 
major SBS participants (collectively, ``SBS Entities'') to provide to 
their counterparties a trade acknowledgment, to provide prompt 
verification of the terms provided in a trade acknowledgment of 
transactions from other SBS Entities, and to have written policies and 
procedures that are reasonably designed to obtain prompt verification 
of the terms provided in a trade acknowledgment. The Rule promotes the 
efficient operation of the SBS market and facilitate market 
participants' management of their SBS-related risk.
    The Commission estimates that approximately 50 entities fit within 
the definition of SBS dealer, and up to five entities fit within the 
definition of major SBS participant. Thus, we expect that approximately 
55 entities will be required to register with the Commission as SBS 
Entities and will be subject to the trade acknowledgment provision and 
verification requirements of Rule 15Fi-2. The total estimated annual 
burden of Rule 15Fi-2 is 34,155 hours.
    An agency may not conduct or sponsor, and a person is not required 
to respond to, a collection of information

[[Page 2763]]

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: 
Lindsay.M.Abate@omb.eop.gov; and (ii) David Bottom, Director/Chief 
Information Officer, Securities and Exchange Commission, c/o Cynthia 
Roscoe, 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: January 10, 2020.
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2020-00559 Filed 1-15-20; 8:45 am]
BILLING CODE 8011-01-P