Search Results for keywords:"Appendix F"

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Search Results: keywords:"Appendix F"

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  • 2025-06128 — Submission for OMB Review; Comment Request; Extension: Appendix F to Rule 15c3-1
    Type:Notice
    Citation:90 FR 15380
    Reading Time:about 2 minutes

    The Securities and Exchange Commission (SEC) is asking for public comments on the continuation of a rule under the Paperwork Reduction Act. This rule relates to how certain broker-dealers, called OTC derivatives dealers, calculate their financial risks. Currently, two such dealers use this method, spending about 1,000 hours each year reporting on their risk models. The SEC invites comments on whether the rule is useful, the burden it imposes, and ways to improve information collection.

    Simple Explanation

    The SEC wants to know what people think about a rule that helps some special finance companies, called OTC derivatives dealers, figure out their money risks. Only two companies do this now, and it takes them a lot of time, 1,000 hours each year, to report what they find.

  • 2025-02165 — Proposed Collection; Comment Request; Extension: Appendix F to Rule 15c3-1
    Type:Notice
    Citation:90 FR 8960
    Reading Time:about 2 minutes

    The Securities and Exchange Commission (SEC) is seeking public comments on the existing information collection under Appendix F to Rule 15c3-1 concerning OTC derivatives dealers. Appendix F allows certain derivatives dealers to use specific models for calculating their net capital charges instead of standard methods. Currently, only two dealers are authorized to use Appendix F, and the SEC estimates each will spend around 1,000 hours a year on related reporting. Comments on this collection are invited until April 7, 2025, focusing on its necessity, the SEC's burden estimates, and ways to improve the data collection process.

    Simple Explanation

    The SEC is asking people to share their thoughts about some special rules for two companies who trade in complicated money deals called OTC derivatives. They want to know if the rules are helpful and if the work it takes to follow them is fair.