Document ID: SEC-2016-0056-0003
Agency: sec
Document Type: Notice
Title: Agency Information Collection Activities; Proposals, Submissions, and Approvals
Posted Date: 2019-05-07T04:00Z

[Federal Register Volume 84, Number 88 (Tuesday, May 7, 2019)]
[Notices]
[Pages 19985-19986]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-09282]

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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.).
    Under appendix F, a class of broker-dealers known as over-the 
counter (``OTC'') derivatives dealers 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.
    At present, three OTC derivatives dealers have been approved to use 
appendix F. Two OTC derivatives dealers have applied to use appendix F, 
and the staff expects that one additional OTC derivatives dealer will 
apply to use appendix F during the next three years. The Commission 
estimates that the three approved OTC derivatives dealers and two OTC 
derivatives dealers with pending applications (if approved) will spend 
an average of approximately 1,000 hours each per year reporting 
information concerning their VAR models and internal risk management 
systems, for an annual burden of 5,000 hours. The Commission estimates 
that, on average, a firm initially will take approximately 1,000 hours 
to prepare an application to use appendix F. For the one firm expected 
to apply, this would result in an annual burden of 333 hours per year 
amortized over three years. For the two years after it registers, the 
new registrant would spend an average of approximately 1,000 hours each 
year reporting information concerning its VAR model and internal risk 
management system, for an annual burden of 667 hours per year amortized 
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. 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) Charles Riddle, Acting Director/
Chief Information Officer, Securities and Exchange Commission, c/o 
Candace Kenner, 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.

[[Page 19986]]

    Dated: May 2, 2019.
Vanessa A. Countryman,
Acting Secretary.
[FR Doc. 2019-09282 Filed 5-6-19; 8:45 am]
 BILLING CODE 8011-01-P