Rule 18a-4 – Segregation requirements for security-based swap dealers and major security-based swap participants.

ICR 201907-3235-018

OMB: 3235-0700

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2019-10-29
ICR Details
3235-0700 201907-3235-018
Active 201305-3235-002
SEC TM-270-650
Rule 18a-4 – Segregation requirements for security-based swap dealers and major security-based swap participants.
New collection (Request for a new OMB Control Number)   No
Regular
Approved with change 11/06/2019
Retrieve Notice of Action (NOA) 08/26/2019
  Inventory as of this Action Requested Previously Approved
11/30/2022 36 Months From Approved
80,465 0 0
128,849 0 0
58,667 0 0

Rule 18a-4 establishes customer protection and segregation requirements for all firms required to register with the SEC under the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 as security-based swap dealers and major security-based swap participants. Customer protection and segregation standards ensure that firms do not misappropriate customer assets for their own or other unauthorized uses.

US Code: 15 USC 78a et seq Name of Law: Securities Exchange Act of 1934
   PL: Pub.L. 111 - 203 763-764 Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act
  
PL: Pub.L. 111 - 203 763-764 Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act

3235-AL12 Final or interim final rulemaking 84 FR 43872 08/22/2019

No

  Total Approved Previously Approved Change Due to New Statute Change Due to Agency Discretion Change Due to Adjustment in Estimate Change Due to Potential Violation of the PRA
Annual Number of Responses 80,465 0 41,933 38,532 0 0
Annual Time Burden (Hours) 128,849 0 310,309 -181,460 0 0
Annual Cost Burden (Dollars) 58,667 0 206,667 -148,000 0 0
Yes
Changing Regulations
Yes
Changing Regulations
The ICs previously entered for Rule 18a-4- Special Accounts, Rule 18a-4- Counterparty Notice, and Rule 18a-4- Subordination Agreements, were removed and re-entered in order to more clearly present the initial, one-time costs and on-going costs for each burden. In addition, the burdens for each of these has decreased from the proposed rule because the requirements applicable to some respondents has been adopted under a different OMB number (Rule 15c3-3 (OMB No. 3235-0033)), and we have submitted revised burden estimates for that OMB number. Rule 18a-4(f)- Exemptions is new and is based on comments received on the rule when it was proposed. This rule has three distinct ICs-- two for initial, one-time burdens (with different numbers of annual responses), and one for ongoing costs.

$0
No
    No
    No
No
Yes
No
Uncollected
Nina Kostyukovsky 202 551-8833

  No

On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
 
 
 
 
 
 
 
    (i) Why the information is being collected;
    (ii) Use of information;
    (iii) Burden estimate;
    (iv) Nature of response (voluntary, required for a benefit, or mandatory);
    (v) Nature and extent of confidentiality; and
    (vi) Need to display currently valid OMB control number;
 
 
 
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.
08/26/2019


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