Unknown. Extension of Commission statement
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/register/2025/04/24/2025-06920·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
--- schema: federal-register doc_type: fedreg source_file: FR-2025-04-24.xml --- 90 78 Thursday, April 24, 2025 Contents Agriculture Agriculture Department NOTICES Agency Information Collection Activities; Proposals, Submissions, and Approvals, 17240 2025-07086 AIRFORCE Air Force Department NOTICES Environmental Impact Statements; Availability, etc.: Expansion of the Foreign Military Sales F-35 Pilot Training Center at Ebbing Air National Guard Base, AR, 17246-17247 2025-07091 Children Children and Families Administration NOTICES Agency Information Collection Activities;
Proposals, Submissions, and Approvals: Tribal Temporary Assistance for Needy Families Data Report, Tribal Assistance for Needy Families Annual Report, etc., 17253-17254 2025-07078 Coast Guard Coast Guard RULES Drawbridge Operations: Atlantic Intracoastal Waterway; West Palm Beach, FL, 17226-17229 2025-07058 Special Local Regulation: Marine Events within the Captain of the Port Charleston, 17226 2025-07077 Commerce Commerce Department See Foreign-Trade Zones Board See International Trade Administration See National Oceanic and Atmospheric Administration Defense Department Defense Department See Air Force Department See Engineers Corps See Navy Department Defense Nuclear Defense Nuclear Facilities Safety Board NOTICES Designation of Policy-Making Positions, 17248-17249 2025-07093 Delaware Delaware River Basin Commission NOTICES Hearings, Meetings, Proceedings, etc., 17249-17250 2025-07072 Energy Department Energy Department See Federal Energy Regulatory Commission PROPOSED RULES Energy Conservation Program:
Energy Conservation Standards for Manufactured Housing, 17230-17233 2025-07099 Engineers Engineers Corps NOTICES Environmental Impact Statements; Availability, etc.: South Carolina Highway 22 Extension Project in Horry County, SC, 17247-17248 2025-07071 Environmental Protection Environmental Protection Agency PROPOSED RULES Air Quality State Implementation Plans; Approvals and Promulgations: Minnesota; Revision to Taconite Federal Implementation Plan, 17233-17239 2025-07055 Federal Election Federal Election Commission NOTICES Meetings;
Sunshine Act, 17253 2025-07183 Federal Energy Federal Energy Regulatory Commission NOTICES Agency Information Collection Activities; Proposals, Submissions, and Approvals, 17251-17252 2025-07069 Combined Filings, 17250-17251 2025-07080 Environmental Assessments; Availability, etc.: Proposed Black Bayou Gas Storage Project, Black Bayou Gas Storage, LLC, 17252-17253 2025-07066 Fish Fish and Wildlife Service PROPOSED RULES Migratory Bird Hunting: Proposed 2025-26 Frameworks for Migratory Bird Hunting Regulations, 17300-17333 2025-06893 Foreign Trade Foreign-Trade Zones Board NOTICES Authorization of Production Activity:
GoPro, Inc., Foreign-Trade Zone 29, Louisville, KY, 17240-17241 2025-07028 Unimacts Co., Foreign-Trade Zone 265, Conroe, TX, 17240 2025-07027 Health and Human Health and Human Services Department See Children and Families Administration Homeland Homeland Security Department See Coast Guard Indian Affairs Indian Affairs Bureau NOTICES Liquor Control Ordinance: Prairie Island Indian Community, 17254-17257 2025-07084 Interior Interior Department See Fish and Wildlife Service See Indian Affairs Bureau See Land Management Bureau NOTICES Hearings, Meetings, Proceedings, etc.:
Invasive Species Advisory Committee, 17257 2025-07051 Internal Revenue Internal Revenue Service NOTICES Quarterly Publication of Individuals, Who Have Chosen to Expatriate, 17279-17297 2025-07076 International Trade Adm International Trade Administration NOTICES Antidumping or Countervailing Duty Investigations, Orders, or Reviews: Carbon and Alloy Steel Threaded Rod from India and the People's Republic of China; Correction, 17241 2025-07081 International Trade Com International Trade Commission NOTICES Complaint, 17258-17259, 17261-17262 2025-07030 2025-07074 Investigations;
Determinations, Modifications, and Rulings, etc.: Certain Hydrodermabrasion Systems and Components Thereof III, 17259-17261 2025-07082 Steel Nails from China, 17258 2025-07031 Labor Department Labor Department See Labor Statistics Bureau See Occupational Safety and Health Administration Labor Statistics Labor Statistics Bureau NOTICES Agency Information Collection Activities; Proposals, Submissions, and Approvals, 17262-17263 2025-07064 Land Land Management Bureau NOTICES Public Land Order:
No. 7960; Extension of Public Land Order No. 7634; Withdrawal of Public Land for the United States Air Force, Nevada, 17257-17258 2025-07073 Maritime Maritime Administration NOTICES Use of Foreign-Built Small Passenger Vessel in United States Coastwise Trade: M/V Island Love, 17278-17279 2025-07097 S/V Harvester 1, 17277-17278 2025-07098 S/V Zoe II, 17276-17277 2025-07092 National Oceanic National Oceanic and Atmospheric Administration RULES Fisheries of the Exclusive Economic Zone off Alaska:
Pollock in Statistical Area 630 in the Gulf of Alaska, 17229 2025-07065 NOTICES Agency Information Collection Activities; Proposals, Submissions, and Approvals: Coastal and Estuarine Land Conservation Planning, Protection or Restoration, 17246 2025-07089 Economic Surveys of Specific US Commercial Fisheries, 17243-17244 2025-07087 Greater Atlantic Region Atlantic Sea Scallop Fishery Management Plan, 17241-17242 2025-07088 Determination of Overfishing or an Overfished Condition, 17245-17246 2025-07049 Hearings, Meetings, Proceedings, etc.:
Mid-Atlantic Fishery Management Council, 17242, 17244-17245 2025-07094 2025-07095 Pacific Fishery Management Council, 17245 2025-07096 Permits; Applications, Issuances, etc.: Marine Mammals; File No. 28533, 17244 2025-07070 Navy Navy Department NOTICES Environmental Impact Statements; Availability, etc.: EA-18G Growler Airfield Operations at Naval Air Station Whidbey Island Complex, 17248 2025-07032 Nuclear Regulatory Nuclear Regulatory Commission NOTICES Meetings; Sunshine Act, 17264 2025-07121 Occupational Safety Health Adm Occupational Safety and Health Administration NOTICES Agency Information Collection Activities;
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Priority Mail and USPS Ground Advantage Negotiated Service Agreement, 17266-17268 2025-07036 2025-07037 2025-07038 2025-07039 2025-07040 2025-07041 2025-07042 2025-07043 2025-07044 2025-07045 2025-07046 Priority Mail Express, Priority Mail, and USPS Ground Advantage Negotiated Service Agreement, 17267 2025-07035 Presidential Documents Presidential Documents PROCLAMATIONS Special Observances: His Holiness Pope Francis; Honoring the Memory (Proc. 10920), 17335-17337 2025-07239 Securities Securities and Exchange Commission RULES Reporting and Dissemination of Security-Based Swap Information and Security-Based Swap Data Repository, 17225-17226 2025-06920 NOTICES Agency Information Collection Activities;
Proposals, Submissions, and Approvals, 17268-17269 2025-07048 Application: Connetic Venture Capital Access Fund and Connetic RIA, LLC, 17276 2025-07083 Order: CME Securities Clearing, Inc., 17269-17273 2025-07033 Self-Regulatory Organizations; Proposed Rule Changes: NYSE American LLC, 17273-17276 2025-07047 Transportation Department Transportation Department See Maritime Administration Treasury Treasury Department See Internal Revenue Service NOTICES Agency Information Collection Activities;
Proposals, Submissions, and Approvals: Determinations Regarding Certain Nonbank Financial Companies, 17297 2025-07085 Separate Parts In This Issue Part II Interior Department, Fish and Wildlife Service, 17300-17333 2025-06893 Part III Presidential Documents, 17335-17337 2025-07239 Reader Aids Consult the Reader Aids section at the end of this issue for phone numbers, online resources, finding aids, and notice of recently enacted public laws. To subscribe to the Federal Register Table of Contents electronic mailing list, go to https://public.govdelivery.com/accounts/USGPOOFR/subscriber/new, enter your e-mail address, then follow the instructions to join, leave, or manage your subscription. 90 78 Thursday, April 24, 2025 Rules and Regulations SECURITIES AND EXCHANGE COMMISSION 17 CFR Parts 240 and 242 [Release No. 34-102886;
File Nos. S7-34-10; S7-35-10] RINs 3235-AK79; 3235-AK80 Regulation SBSR (Reporting and Dissemination of Security-Based Swap Information) and Security-Based Swap Data Repository Rules; Extension AGENCY: Securities and Exchange Commission. ACTION: Extension of Commission statement. SUMMARY: The Securities and Exchange Commission is extending a statement regarding compliance with rules for security-based swap data repositories and Regulation SBSR. DATES: As of June 23, 2025, the expiration date of the statement regarding compliance with rules for security-based swap data repositories and Regulation SBSR, published at 85 FR 6346 (February 4, 2020), is extended until November 5, 2029.
FOR FURTHER INFORMATION CONTACT: Justin Pica, Assistant Director, Rajal Patel, Senior Special Counsel, or Richard Mo, Senior Special Counsel, at
(202)551-5870, Division of Trading and Markets, Securities and Exchange Commission, 100 F Street NE, Washington, DC 20549-8010. SUPPLEMENTARY INFORMATION: I. Compliance Statement Extension Market participants have been reporting security-based swap (“SBS”) transactions to security-based swap data repositories (“SDRs”) pursuant to 17 CFR 242.900 through 242.909 (“Regulation SBSR”), under the Securities Exchange Act of 1934 (“Exchange Act”), 1 since November 8, 2021. 2 In addition, 17 CFR 240.13n-1 through 240.13n-12, under the Exchange Act, govern:
(1)the procedures for registration as an SDR;
(2)Form SDR requirements; and
(3)the duties and cores principles applicable to an SDR (the “SDR Rules”) 3 (Regulation SBSR and the SDR Rules are hereinafter referred to collectively as the “SBS Reporting Rules”). There are currently three SDRs registered with the Commission. 4 1 The Securities and Exchange Commission (“SEC” or “Commission”) initially adopted Regulation SBSR in 2015 and adopted additional provisions in 2016. *See* Regulation SBSR—Reporting and Dissemination of Security-Based Swap Information, Exchange Act Release No. 74244 (Feb. 11, 2015), 80 FR 14564 (Mar. 19, 2015) (“2015 Regulation SBSR Release”); Regulation SBSR—Reporting and Dissemination of Security-Based Swap Information, Exchange Act Release No. 78321 (July 14, 2016), 81 FR 53546 (Aug. 12, 2016). 2 The first compliance date for Regulation SBSR with respect to an SBS asset class was the first Monday that was the later of:
(1)six months after the date on which the first SDR that can accept transaction reports in that asset class registers with the Commission; or
(2)one month after the compliance date for registration and regulatory requirements for security-based swap dealers (“SBSDs”) and major security-based swap participants (“MSBSPs”). *See* Cross-Border Application of Certain Security-Based Swap Requirements, Exchange Act Release No. 87780 (Dec. 18, 2019), 85 FR 6270, 6346 (Feb. 4, 2020) (“Cross-Border Amendments Release”). DTCC Data Repository (U.S.), LLC (“DDR”) registered as an SDR for the credit, equity, and interest rate asset classes on May 7, 2021. *See* Security-Based Swap Data Repositories; DTCC Data Repository (U.S.), LLC; Order Approving Application for Registration as a Security-Based Swap Data Repository, Exchange Act Release No. 91798 (May 7, 2021), 86 FR 26115 (May 12, 2021) (“DDR Order”). November 8, 2021, was both the first Monday that was six months after May 7, 2021, and the first Monday that was one month after the October 6, 2021, compliance date for registration and regulatory requirements for SBSDs and MSBSPs. *See also* SEC Approves Registration of First Security-Based Swap Data Repository; Sets the First Compliance Date for Regulation SBSR (May 7, 2021), *available at https://www.sec.gov/news/press-release/2021-80* (stating that Nov. 8, 2021, is the first compliance date for Regulation SBSR). 3 The Commission adopted the SDR Rules in 2015. Security-Based Swap Data Repository Registration, Duties, and Core Principles, Exchange Act Release No. 74246 (Feb. 11, 2015), 80 FR 14438 (Mar. 19, 2015) (“SDR Adopting Release”). 4 The applications for registration as an SDR for DDR and ICE Trade Vault, LLC, were approved in 2021, and the application for registration as an SDR for KOR Reporting, Inc., was approved in 2024. *See* Security-Based Swap Data Repositories; KOR Reporting, Inc.; Order Approving Application for Registration as a Security-Based Swap Data Repository, Exchange Act Release No. 101511 (Nov. 4, 2024), 89 FR 88829 (Nov. 8, 2024); Security-Based Swap Data Repositories; ICE Trade Vault, LLC; Order Approving Application for Registration as a Security-Based Swap Data Repository, Exchange Act Release No. 92189 (June 16, 2021), 86 FR 23703 (June 22, 2021); DDR Order, 86 FR 26115. As part of the Cross-Border Amendments Release, which had implications for the SBS Reporting Rules' compliance date, the Commission issued a statement regarding compliance with the SBS Reporting Rules (“2019 Compliance Statement”). 5 In the 2019 Compliance Statement, the Commission stated that it was mindful of the time and costs that may be incurred by SDRs and swap market participants to implement aspects of the SBS Reporting Rules that have no analog in, or are not wholly consistent with, the Commodity Futures Trading Commission's (“CFTC's”) rules. 6 The Commission further stated that “the implementation of [SBS Reporting Rules] can and should be done in a manner that carries out the fundamental policy goals of the [SBS Reporting Rules] while minimizing burdens as much as practicable.” 7 However, in light of the Commission's efforts to promote harmonization with the CFTC's swap reporting and swap data repository rules, at a time when the CFTC had announced plans to reconsider its swap reporting rules, 8 and ongoing concerns among market participants about incurring unnecessary burdens, the 2019 Compliance Statement provided that certain actions with respect to the SBS Reporting Rules temporarily would not provide a basis for a Commission enforcement action, as set forth in more detail in the 2019 Compliance Statement. 9 The 2019 Compliance Statement is scheduled to expire on November 8, 2025. 10 5 Cross-Border Amendments Release, 85 FR 6346 through 6349. 6 *Id.* at 6347. 7 *Id.* 8 *See id.* at 6346 through 6347. 9 *Id.* at 6347 through 6349. 10 *See* Cross-Border Amendments Release, 85 FR 6349 (stating that the 2019 Compliance Statement is in effect until the earlier of
(1)four years following Regulation SBSR's Compliance Date 1 in a particular SBS asset class (which was November 8, 2021), or
(2)12 months after the Commission provides notice that the position will expire). Since the issuance of the 2019 Compliance Statement, the CFTC has revised its swap reporting rules, 11 as well as the CFTC Technical Specification, 12 in a manner that was designed to, among other things, better harmonize with international technical guidance for reporting. 13 The Commission continues to be mindful of the time and costs that may be incurred by SDRs and swap market participants to implement aspects of the SBS Reporting Rules that have no analog in, or are not wholly consistent with, the CFTC's swap reporting rules and, therefore, the Commission needs additional time to consider whether changes would be appropriate to more fully harmonize the Commission's SBS Reporting Rules with the CFTC's swap reporting and swap data repository rules. 11 *See* Swap Data Recordkeeping and Reporting Requirements, 85 FR 75503 (Nov. 25, 2020); Real-Time Public Reporting Requirements, 85 FR 75422 (Nov. 25, 2020); Certain Swap Data Repository and Data Reporting Requirements, 85 FR 75601 (Nov. 25, 2020). 12 Versions of the CFTC Technical Specification were issued in September 2020, September 2021, August 2022, and March 2023. *See* CFTC, Data Recordkeeping (Technical Specification Versions), *available at https://www.cftc.gov/LawRegulation/DoddFrankAct/Rulemakings/DF_17_Recordkeeping/index.htm.* 13 *See* Swap Data Recordkeeping and Reporting Requirements, 85 FR 75503 (stating that, among other things, the amendments define and adopt swap data elements that harmonize with international technical guidance). *See also* Real-Time Public Reporting Requirements, 85 FR 75422 (Nov. 25, 2020); Certain Swap Data Repository and Data Reporting Requirements, 85 FR 75601 (Nov. 25, 2020). Therefore, the Commission is extending the expiration date of the 2019 Compliance Statement until November 5, 2029. 14 14 Pursuant to the Congressional Review Act, the Office of Information and Regulatory Affairs has designated this statement as a “major rule” as defined by 5 U.S.C. 804(2). *See* 5 U.S.C. 801 *et seq.* By the Commission. Dated: April 17, 2025. Sherry R. Haywood, Assistant Secretary. [FR Doc. 2025-06920 Filed 4-23-25; 8:45 am]
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- 17 CFR 240.13
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