Search Results for citation:"89 FR 104252"

The Securities and Exchange Commission (SEC) has requested approval from the Office of Management and Budget (OMB) to extend an information collection under Rule 18a-10 of the Securities Exchange Act of 1934. This rule allows certain security-based swap dealers to follow the Commodity Exchange Act rules instead of some SEC requirements, provided they meet specific conditions. Currently, there are two such swap dealers, and the estimated annual effort required by these firms totals around 11 hours due to decreased respondent numbers and certain tasks no longer being necessary. The public can submit comments on this request until January 21, 2025.

The Securities and Exchange Commission (SEC) is seeking approval from the Office of Management and Budget (OMB) to extend the collection of information required under Rule 15c3-4. This rule demands that certain broker-dealers and security-based swap dealers create and maintain a system of internal risk management controls. It is estimated that currently 17 firms must comply with this rule, with an additional 6 firms expected to join in the next three years, resulting in an annual burden of approximately 8,600 hours. The SEC is also inviting public comments on this information collection until January 21, 2025.