Federal Register #2026-22346

SEC Request for Comments on Extending Rule 18a-5 Information Collection

The Securities and Exchange Commission (SEC) is seeking public comments on extending its Rule 18a-5 information collection; this is not a procurement opportunity. - Government buyer: Securities and Exchange Commission (SEC); no sub-agency or office is identified. - Request: Comments on the existing information collection and its planned extension for Office of Management and Budget approval. - Affected entities and requirements: Security-based swap dealers and major security-based swap participants must create and maintain trade, account, capital-calculation, and compliance records. - Estimated burden: 12,340 industry-wide initial hours and 15,425 ongoing hours annually, plus recordkeeping-system costs. - Products, services, OEMs, and vendors: None requested or identified.

Description

The Securities and Exchange Commission is soliciting comments on its existing information collection under Rule 18a-5 and plans to submit it to the Office of Management and Budget for extension and approval. The rule establishes recordkeeping and reporting requirements for security-based swap dealers and major security-based swap participants, including various trade, account, capital, and compliance records. The notice estimates an industry-wide burden of 12,340 initial hours and 15,425 ongoing hours annually, as well as certain recordkeeping system costs. Written comments are requested by January 4, 2027.

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