[Federal Register Volume 87, Number 203 (Friday, October 21, 2022)]
[Notices]
[Pages 64122-64123]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-22854]


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SECURITIES AND EXCHANGE COMMISSION

[SEC File No. 270-633, OMB Control No. 3235-0713]


Proposed Collection; Comment Request; Extension: Rule 15Fi-2

Upon Written Request, Copies Available From: Securities and Exchange 
Commission, Office of FOIA Services, 100 F Street NE, Washington, DC 
20549-2736

    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 15Fi-2 (17 CFR 240.15Fi-
2) under the Securities Exchange Act of 1934 (``Exchange Act'') (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.
    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.

[[Page 64123]]

    The Commission estimates that approximately 48 entities fit within 
the definition of SBS dealer, and zero entities fit within the 
definition of major SBS participant. Thus, we expect that approximately 
48 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 
time burden of Rule 15Fi-2 is 22,848 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 by 
December 20, 2022.
    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: October 17, 2022.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2022-22854 Filed 10-20-22; 8:45 am]
BILLING CODE 8011-01-P


