Agency Information Collection Activities; Submission for OMB Review; Comment Request; Extension: Rule 3a71-3(d)
Published Date: 2/6/2026
Notice
Summary
The SEC is asking to keep collecting info from up to 24 companies that use a special rule to avoid counting certain swap deals made by U.S. staff with foreign partners. This helps these companies follow the rules without extra hassle. The paperwork takes a lot of time—over 235,000 hours yearly—and costs about $1.36 million, so the SEC wants to keep things clear and fair.
Analyzed Economic Effects
3 provisions identified: 0 benefits, 2 costs, 1 mixed.
Very large annual paperwork burden
The SEC is renewing an information collection under Rule 3a71-3(d) that may apply to up to 24 respondents. The paperwork adds up to about 235,242.44 hours per year and an aggregate annual cost of about $1,359,778.96.
You must submit info to use de minimis exception
If you are a non-U.S. person seeking to rely on the de minimis exception in Rule 3a71-3, you (or your registered affiliate) must provide information under Rule 3a71-3(d) to obtain or retain that exception. The SEC uses the submitted information to monitor compliance, and up to 24 entities may seek to rely on the exception.
Registered U.S. affiliates must comply
Each relying non-U.S. entity would make use of an affiliated registered security-based swap dealer or registered broker, and the registered entity would be required to comply with the information collections under Rule 3a71-3(d).
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