[Federal Register Volume 84, Number 189 (Monday, September 30, 2019)]
[Notices]
[Pages 51685-51686]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-21082]


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SECURITIES AND EXCHANGE COMMISSION


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:
    Rule 17Ab2-2, SEC File No. 270-617, OMB Control No. 3235-0728

    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'') is soliciting comments on the existing 
collection of information provided for in Rule 17Ab2-2 (17 CFR 
240.17Ab2-2) 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.
    Exchange Act Rule 17Ab2-2 establishes procedures for the Commission 
to make a determination, either of its own initiative or upon 
application by any clearing agency or member of a clearing agency, 
whether a covered clearing agency is systemically important in multiple 
jurisdictions and procedures to determine, if the Commission deems 
appropriate, whether any of the activities of a clearing agency 
providing central counterparty services, in addition to clearing 
agencies registered with the Commission for the purpose of clearing 
security-based swaps, have a more complex risk profile. In addition, 
Exchange Act Rule 17Ab2-2 provides a procedure for the Commission to 
determine whether to rescind any such determinations previously made by 
the Commission.
    Because determinations made by the Commission pursuant to Exchange 
Act Rule 17Ab2-2 may be made upon the request of a clearing agency, 
respondent clearing agencies have the burden of preparing such requests 
for submission to the Commission.
    Commission staff estimates that Rule 17Ab2-2 imposes a PRA burden 
on registered clearing agencies that seek a determination from the 
Commission regarding the covered clearing agency's status as 
systemically important in multiple jurisdictions. Commission staff 
estimates that two registered clearing agencies or their members on 
their behalf will apply for a Commission determination, or may be 
subject to a Commission-initiated determination, regarding whether a 
registered clearing

[[Page 51686]]

agency is involved in activities with a more complex risk profile or 
whether a covered clearing agency is systemically important in multiple 
jurisdictions.
    Commission staff estimates that each respondent clearing agency 
incurs a one-time burden of 10 hours and a one-time cost of $2,000 to 
draft and review a determination request submitted to the Commission, 
for a total of 20 hours and $4,000 for all respondents. The total 
annualized burden and cost for all respondents are 6.66 hours and 
$1,333.33.
    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 will 
have practical utility; (b) the accuracy of the Commission staff's 
estimates of the burden of the proposed collection of information; (c) 
the 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.
    Any 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 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: September 24, 2019.
Jill M. Peterson,
Assistant Secretary.
[FR Doc. 2019-21082 Filed 9-27-19; 8:45 am]
BILLING CODE 8011-01-P


