SEC Alert! SEC has request for approval of extension of the previously approved collection of information provided for in Rules 901, 902, 903(a), 904, 905, 906, 907, and 908 of Regulation SBSR.
Regulation SBSR provides generally for the reporting of security-based swap information. OPEN for comment!
Source: https://public-inspection.federalregister.gov/2023-02830.pdf
- Regulation SBSR consists of ten rules, Rules 900 to 909 under the Exchange Act. Regulation SBSR provides generally for the reporting of security-based swap information to a registered security-based swap data repository (โregistered SDRsโ) or to the Commission, and for the public dissemination of security-based swap transaction, volume, and pricing information by registered SDRs.
- Rule 901 specifies, with respect to each reportable event pertaining to covered transactions, who is required to report, what data must be reported, when it must be reported, where it must be reported, and how it must be reported.
- Rule 901(a)(1) of Regulation SBSR requires a platform to report to a registered SDR a security-based swap executed on such platform that will be submitted to clearing.
- Rule 901(a)(2)(i) of Regulation SBSR requires a registered clearing agency to report to a registered SDR any security-based swap to which it is a counterparty. Rules 902 to 909 of Regulation SBSR provide additional details as to how such reporting and public dissemination is to occur.
The Commission estimates that a total of approximately 30,348 entities will be impacted by Regulation SBSR, including registered SDRs, registered security-based swap dealers, registered major securities-based swap participants, registered clearing agencies, platforms, and reporting sides and other market participants. The Commission estimates that the total annual hour burden for Regulation SBSR, for all respondents, is approximately 3,539,483 hours per year. In addition, the Commission estimates that the total annual cost burden for Regulation SBSR for all respondents is approximately $47,728,783 per year.
The public may view background documentation for this information collection at the following website: www.reginfo.gov. Find this particular information collection by selecting "Currently under 30-day Review โ Open for Public Comments" or by using the search function.Written comments and recommendations for the proposed information collection should be sent by [INSERT DATE 30 DAYS AFTER DATE OF PUBLICATION OF THIS NOTICE IN THE FEDERAL REGISTER] to (i) www.reginfo.gov/public/do/PRAMain and (ii) David Bottom, Director/Chief Information Officer, Securities and Exchange Commission, c/o John Pezzullo, 100 F Street, NE, Washington, DC 20549,or by sending an e-mail to: [email protected]. subject: [SEC File No. 270-448, OMB Control No. 3235-0507]
[email protected]
subject: [SEC File No. 270-448, OMB Control No. 3235-0507]
iofhua in the comments with an assist on commenting:
In case anyone else plans to email. There is an underscore _ in the email address which is hidden by the underline.
EDIT, while I have you here:
The entire Exhibit 5 (DTC), Exhibit 5 (NSCC), and Exhibit 5 (FICC) for the Notice of Filing and Immediate Effectiveness of Proposed Rule Change to Amend the Clearing Agency Risk Management Framework ARE REDACTED:
The proposed rules themselves are viewable AND OPEN for comment:
NSCC: https://www.sec.gov/rules/sro/nscc/2023/34-96801.pdf
DTC: https://www.sec.gov/rules/sro/dtc/2023/34-96799.pdf
FICC: https://www.sec.gov/rules/sro/ficc/2023/34-96800.pdf
Does this REDACTION upset you? Please consider using your voice on the OFFICIAL record and sharing so! Learn more here:
