
[Federal Register Volume 84, Number 39 (Wednesday, February 27, 2019)]
[Notices]
[Pages 6450-6451]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-03393]


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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.). The Commission 
plans to submit this existing collection of information to the Office 
of Management and Budget (``OMB'') for extension and approval.
    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

[[Page 6451]]

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.
    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: Charles Riddle, Acting 
Director/Chief Information Officer, Securities and Exchange Commission, 
c/o Candace Kenner, 100 F Street NE, Washington, DC 20549, or send an 
email to: PRA_Mailbox@sec.gov.

    Dated: February 22, 2019.
Eduardo A. Aleman,
Deputy Secretary.
[FR Doc. 2019-03393 Filed 2-26-19; 8:45 am]
 BILLING CODE 8011-01-P


