Submission for OMB Review; Comment Request; Extension: Rule 15Ga-2 and Form ABS-15G, 99949 [2024-29120]

Download as PDF Federal Register / Vol. 89, No. 238 / Wednesday, December 11, 2024 / Notices will be available for inspection and copying at the principal office of the Exchange. Do not include personal identifiable information in submissions; you should submit only information that you wish to make available publicly. We may redact in part or withhold entirely from publication submitted material that is obscene or subject to copyright protection. All submissions should refer to file number SR–CboeBYX–2024–047 and should be submitted on or before December 31, 2024. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.25 Sherry R. Haywood, Assistant Secretary. [FR Doc. 2024–29045 Filed 12–10–24; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [SEC File No. 270–620, OMB Control No. 3235–0675] lotter on DSK11XQN23PROD with NOTICES1 Submission for OMB Review; Comment Request; Extension: Rule 15Ga–2 and Form ABS–15G 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 (44 U.S.C. 3501 et seq.), the Securities and Exchange Commission (‘‘Commission’’) has submitted to the Office of Management and Budget this request for extension of the previously approved collection of information discussed below. Rule 15Ga–2 and Form ABS–15G (17 CFR 249.1400) is used for reports of information required under Rule 15Ga– 1 and Rule 15Ga–2 (17 CFR 240.15Ga– 1) (17 CFR 240.15Ga–2) of the Exchange Act of 1934 (‘‘Exchange Act’’). Exchange Act Rule 15Ga–1 requires asset-backed securitizers to provide disclosure regarding fulfilled an unfulfilled repurchase requests with respect to asset-backed securities. The purpose of the information collected on Form ABS– 15G is to implement the disclosure requirements of Section 943 of the Dodd-Frank Wall Street Reform and Consumer Protection Act to provide information regarding the use of representations and warranties in the asset-backed securities markets. Form ABS–15G is a collection of information required by Rules 15Ga–1 25 17 and 15Ga–2 under the Exchange Act. For just Rule 15Ga–1, Form ABS–15G takes approximately 27.2234 hours per response and is filed by approximately 1,142 respondents. We estimate that 75% of the 27.2234 hours per response (20.4176 hours) is prepared by the filer for a total annual reporting burden of 23,317 hours (20.4176 hours per response × 1,142 responses). For just Rule 15Ga–2, Form ABS–15G takes approximately 2.1279 hours per response and is filed by approximately 864 respondents. We estimate that 100% of the 2.1279 hours per response (2.1279 hours) is prepared by the filer for a total annual reporting burden of 1,839 hours (2.1279 hours per response × 864 responses). Rule 15Ga–1 and Rule 15Ga–2 combined filing on Form ABS–15G we estimate that approximately 2006 securitizers will file Form ABS–15G annually at estimated (16.7205 hours) burden hours per response. In addition, we estimate that 75% of the 16.7205 hours per response (12.5403 hours) is carried internally by the securitizers for a total annual reporting burden of 25,156 hours (12.5403 hours per response × 2006 responses). An agency may not conduct or sponsor, and a person is not required to respond to, a collection of information unless it displays a currently valid control number. Public Comment Instructions: The 30day public comment period for this information collection request opens on December 12, 2024 and closes at the end of the day on January 13, 2025. The public may view the full information request and submit comments at https:// www.reginfo.gov/public/do/ PRAViewICR?ref_nbr=202411-3235-012 or email comments to MBX.OMB.OIRA.SEC_desk_officer@ omb.eop.gov. Dated: December 6, 2024. Sherry R. Haywood, Assistant Secretary. [FR Doc. 2024–29120 Filed 12–10–24; 8:45 am] BILLING CODE 8011–01–P 18:17 Dec 10, 2024 Jkt 265001 PO 00000 SECURITIES AND EXCHANGE COMMISSION [Release No. 34–101819; File No. SR–ICC– 2024–011] Self-Regulatory Organizations; ICE Clear Credit LLC; Order Granting Accelerated Approval of Proposed Rule Change Relating to the ICC Operational Risk Management Framework December 5, 2024. I. Introduction On November 13, 2024, ICE Clear Credit LLC (‘‘ICC’’) filed with the Securities and Exchange Commission (the ‘‘Commission’’), pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (the ‘‘Act’’) 1 and Rule 19b–4 thereunder,2 a proposed rule change (hereafter, ‘‘Proposed Rule Change’’) to revise the Operational Risk Management Framework (‘‘ORMF’’). The Proposed Rule Change was published for comment in the Federal Register on November 19, 2024.3 The Commission has not received comments regarding the Proposed Rule Change. For the reasons discussed below, the Commission is approving the Proposed Rule Change on an accelerated basis. II. Description of the Proposed Rule Change ICC is registered with the Commission as a clearing agency for the purpose of clearing Credit Default Swap (‘‘CDS’’) contracts.4 In its role as a CDS clearing agency, ICC faces operational risks stemming from the breakdown of systems and processes that that would impair ICC’s ability to complete settlements or ICC’s internal business operations. The ORMF outlines ICC’s risk assessment and oversight program, which aims to address such operational risks, including by reducing operational incidents, encouraging process and control improvement, bringing transparency to operational performance standard monitoring, and fulfilling regulatory obligations. The ORMF also explains how ICC vets and manages service agreements with providers covering various aspects of ICC’s operations. According to ICC, one of the purposes of the Proposed Rule Change 1 15 U.S.C. 78s(b)(1). CFR 240.19b–4. 3 Self-Regulatory Organizations; ICE Clear Credit LLC; Notice of Filing of Proposed Rule Change Relating to the ICC Operational Risk Management Framework; Securities Exchange Act Release No. 34–101603 (Nov. 13, 2024), 89 FR 91443 (Nov. 19, 2024) (SR–ICC–2024–011) (‘‘Notice’’). 4 Capitalized terms not otherwise defined herein have the meanings assigned to them in ICC Rules and the ORMF, as applicable. 2 17 CFR 200.30–3(a)(12). VerDate Sep<11>2014 99949 Frm 00123 Fmt 4703 Sfmt 4703 E:\FR\FM\11DEN1.SGM 11DEN1

Agencies

[Federal Register Volume 89, Number 238 (Wednesday, December 11, 2024)]
[Notices]
[Page 99949]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-29120]


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SECURITIES AND EXCHANGE COMMISSION

[SEC File No. 270-620, OMB Control No. 3235-0675]


Submission for OMB Review; Comment Request; Extension: Rule 15Ga-
2 and Form ABS-15G

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 (44 U.S.C. 3501 et seq.), the Securities and Exchange 
Commission (``Commission'') has submitted to the Office of Management 
and Budget this request for extension of the previously approved 
collection of information discussed below.
    Rule 15Ga-2 and Form ABS-15G (17 CFR 249.1400) is used for reports 
of information required under Rule 15Ga-1 and Rule 15Ga-2 (17 CFR 
240.15Ga-1) (17 CFR 240.15Ga-2) of the Exchange Act of 1934 (``Exchange 
Act''). Exchange Act Rule 15Ga-1 requires asset-backed securitizers to 
provide disclosure regarding fulfilled an unfulfilled repurchase 
requests with respect to asset-backed securities. The purpose of the 
information collected on Form ABS-15G is to implement the disclosure 
requirements of Section 943 of the Dodd-Frank Wall Street Reform and 
Consumer Protection Act to provide information regarding the use of 
representations and warranties in the asset-backed securities markets.
    Form ABS-15G is a collection of information required by Rules 15Ga-
1 and 15Ga-2 under the Exchange Act. For just Rule 15Ga-1, Form ABS-15G 
takes approximately 27.2234 hours per response and is filed by 
approximately 1,142 respondents. We estimate that 75% of the 27.2234 
hours per response (20.4176 hours) is prepared by the filer for a total 
annual reporting burden of 23,317 hours (20.4176 hours per response x 
1,142 responses).
    For just Rule 15Ga-2, Form ABS-15G takes approximately 2.1279 hours 
per response and is filed by approximately 864 respondents. We estimate 
that 100% of the 2.1279 hours per response (2.1279 hours) is prepared 
by the filer for a total annual reporting burden of 1,839 hours (2.1279 
hours per response x 864 responses).
    Rule 15Ga-1 and Rule 15Ga-2 combined filing on Form ABS-15G we 
estimate that approximately 2006 securitizers will file Form ABS-15G 
annually at estimated (16.7205 hours) burden hours per response. In 
addition, we estimate that 75% of the 16.7205 hours per response 
(12.5403 hours) is carried internally by the securitizers for a total 
annual reporting burden of 25,156 hours (12.5403 hours per response x 
2006 responses).
    An agency may not conduct or sponsor, and a person is not required 
to respond to, a collection of information unless it displays a 
currently valid control number.
    Public Comment Instructions: The 30-day public comment period for 
this information collection request opens on December 12, 2024 and 
closes at the end of the day on January 13, 2025. The public may view 
the full information request and submit comments at https://www.reginfo.gov/public/do/PRAViewICR?ref_nbr=202411-3235-012 or email 
comments to [email protected].

    Dated: December 6, 2024.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2024-29120 Filed 12-10-24; 8:45 am]
BILLING CODE 8011-01-P
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