80 FR 47476 - Agency Information Collection Activities: Notice of Intent To Renew Collection 3038-0085, Rule 50.50 End-User Notification of Non-Cleared Swaps

COMMODITY FUTURES TRADING COMMISSION

Federal Register Volume 80, Issue 152 (August 7, 2015)

Page Range		47476-47477
FR Document		2015-19401

The Commodity Futures Trading Commission (``Commission'') is announcing an opportunity for public comment on the proposed collection of certain information by the agency. Under the Paperwork Reduction Act (``PRA''), Federal agencies are required to publish notice in the Federal Register concerning each proposed collection of information, including each proposed extension of an existing collection of information, and to allow 60 days for public comment. This notice solicits comments on reporting requirements relating to financial resource requirements for derivatives clearing organizations.

Federal Register, Volume 80 Issue 152 (Friday, August 7, 2015)

[Federal Register Volume 80, Number 152 (Friday, August 7, 2015)]
[Notices]
[Pages 47476-47477]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-19401]


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COMMODITY FUTURES TRADING COMMISSION


Agency Information Collection Activities: Notice of Intent To 
Renew Collection 3038-0085, Rule 50.50 End-User Notification of Non-
Cleared Swaps

AGENCY: Commodity Futures Trading Commission.

ACTION: Notice.

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SUMMARY: The Commodity Futures Trading Commission (``Commission'') is 
announcing an opportunity for public comment on the proposed collection 
of certain information by the agency. Under the Paperwork Reduction Act 
(``PRA''), Federal agencies are required to publish notice in the 
Federal Register concerning each proposed collection of information, 
including each proposed extension of an existing collection of 
information, and to allow 60 days for public comment. This notice 
solicits comments on reporting requirements relating to financial 
resource requirements for derivatives clearing organizations.

DATES: Comments must be submitted on or before October 6, 2015.

ADDRESSES: You may submit comments, identified by ``Rule 50.50 End-User 
Notification of Non-Cleared Swaps,'' by any of the following methods:
     The Agency's Web site, at http://comments.cftc.gov/. 
Follow the instructions for submitting comments through the Web site.
     Mail: Christopher Kirkpatrick, Secretary of the 
Commission, Commodity Futures Trading Commission, Three Lafayette 
Centre, 1155 21st Street NW., Washington, DC 20581.
     Hand Delivery/Courier: Same as Mail above.
     Federal eRulemaking Portal: http://www.regulations.gov/. 
Follow the instructions for submitting comments through the Portal.
    Please submit your comments using only one method.

FOR FURTHER INFORMATION CONTACT: Peter A. Kals, Division of Clearing 
and Risk, Commodity Futures Trading Commission, Three Lafayette Centre, 
1155 21st Street NW., Washington, DC 20581, (202) 418-5466; email: 
[email protected] and refer to OMB Control No. 3038-0085.

SUPPLEMENTARY INFORMATION: Under the PRA, Federal agencies must obtain 
approval from the Office of Management and Budget (``OMB'') for each 
collection of information they conduct or sponsor. ``Collection of 
Information'' is defined in 44 U.S.C. 3502(3) and 5 CFR 1320.3 and 
includes agency requests or requirements that members of the public 
submit reports, keep records, or provide information to a third party. 
Section 3506(c)(2)(A) of the PRA, 44 U.S.C. 3506(c)(2)(A), requires 
Federal agencies to provide a 60-day notice in the Federal Register 
concerning each proposed collection of information, including each 
proposed extension of an existing collection of information, before 
submitting the collection to OMB for approval. To comply with this 
requirement, the Commission is publishing notice of the proposed 
extension of the collection of information listed below.
    Title: Rule 50.50 End-User Notification of Non-Cleared Swap (OMB 
Control No. 3038-0085). This is a request for extension of a currently 
approved information collection.
    Abstract: Rule 50.50 specifies requirements for non-financial end-
users who elect the exception from the Commission's swap clearing 
requirement set forth in section 2(h)(7) of the Commodity Exchange Act. 
Among the requirements of Rule 50.50 is reporting certain information 
to a swap data repository registered with the Commission.
    With respect to the collection of information, the Commission 
invites comments on:
     Whether the proposed collection of information is 
necessary for the proper performance of the functions of the 
Commission, including whether the information will have a practical 
use;
     The accuracy of the Commission's estimate of the burden of 
the proposed collection of information, including the validity of the 
methodology and assumptions used;
     Ways to enhance the quality, usefulness, and clarity of 
the information to be collected; and
     Ways to minimize the burden of collection of information 
on those who are to respond, including through the use of appropriate 
automated electronic, mechanical, or other technological collection 
techniques or other forms of information technology; e.g., permitting 
electronic submission of responses.
    All comments must be submitted in English, or if not, accompanied 
by an English translation. Comments will be posted as received to 
http://www.cftc.gov. You should submit only information that you wish 
to make available publicly. If you wish the Commission to consider 
information that you believe is exempt from disclosure under the 
Freedom of Information Act, a petition for confidential treatment of 
the exempt information may be submitted according to the procedures 
established in Sec.  145.9 of the Commission's regulations.\1\
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    \1\ 17 CFR 145.9.
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    The Commission reserves the right, but shall have no obligation, to 
review, pre-screen, filter, redact, refuse or remove any or all of your 
submission from http://www.cftc.gov that it may deem to be 
inappropriate for publication, such as obscene language. All 
submissions that have been redacted or removed that contain comments on 
the merits of the Information Collection Request will be retained in 
the public comment file and will be considered as required under the 
Administrative

[[Page 47477]]

Procedure Act and other applicable laws, and may be accessible under 
the Freedom of Information Act.
    Burden Statement: The respondent burden for this collection is 
estimated to require between 10 minutes and one hour per response.
    Respondents/Affected Entities: Non-financial end-users.
    Estimated number of respondents: 1,092.
    Estimated total average annual burden on respondents: 633 hours.
    Frequency of collection: On occasion; annually.

(Authority: 44 U.S.C. 3501 et seq.)

    Dated: August 3, 2015.
Robert N. Sidman,
Deputy Secretary of the Commission.
[FR Doc. 2015-19401 Filed 8-6-15; 8:45 am]
BILLING CODE 6351-01-P

47476 Federal Register / Vol. 80, No. 152 / Friday, August 7, 2015 / Notices

that you believe is exempt from Under the Paperwork Reduction Act Title: Rule 50.50 End-User
disclosure under the Freedom of (‘‘PRA’’), Federal agencies are required Notification of Non-Cleared Swap (OMB
Information Act, a petition for to publish notice in the Federal Register Control No. 3038–0085). This is a
confidential treatment of the exempt concerning each proposed collection of request for extension of a currently
information may be submitted according information, including each proposed approved information collection.
to the procedures established in § 145.9 extension of an existing collection of Abstract: Rule 50.50 specifies
of the Commission’s regulations.1 The information, and to allow 60 days for requirements for non-financial end-
Commission reserves the right, but shall public comment. This notice solicits users who elect the exception from the
have no obligation, to review, pre- comments on reporting requirements Commission’s swap clearing
screen, filter, redact, refuse or remove relating to financial resource requirement set forth in section 2(h)(7)
any or all of your submission from requirements for derivatives clearing of the Commodity Exchange Act.
http://www.cftc.gov that it may deem to organizations. Among the requirements of Rule 50.50
be inappropriate for publication, such as DATES: Comments must be submitted on
is reporting certain information to a
obscene language. All submissions that or before October 6, 2015. swap data repository registered with the
have been redacted or removed that Commission.
ADDRESSES: You may submit comments, With respect to the collection of
contain comments on the merits of the
identified by ‘‘Rule 50.50 End-User information, the Commission invites
Information Collection Request will be
Notification of Non-Cleared Swaps,’’ by comments on:
retained in the public comment file and
any of the following methods: • Whether the proposed collection of
will be considered as required under the • The Agency’s Web site, at http://
Administrative Procedure Act and other information is necessary for the proper
comments.cftc.gov/. Follow the performance of the functions of the
applicable laws, and may be accessible instructions for submitting comments
under the Freedom of Information Act. Commission, including whether the
through the Web site. information will have a practical use;
Burden Statement: The respondent • Mail: Christopher Kirkpatrick,
burden for this collection is estimated to • The accuracy of the Commission’s
Secretary of the Commission, estimate of the burden of the proposed
range from 1000 hours for the Commodity Futures Trading
submission of a new registration collection of information, including the
Commission, Three Lafayette Centre, validity of the methodology and
application to two to eight hours per 1155 21st Street NW., Washington, DC
response for submission of required assumptions used;
20581. • Ways to enhance the quality,
reports. These estimates include the • Hand Delivery/Courier: Same as
time to locate, compile, validate, and usefulness, and clarity of the
Mail above. information to be collected; and
verify and disclose and to ensure such • Federal eRulemaking Portal: http:// • Ways to minimize the burden of
information is maintained. www.regulations.gov/. Follow the
Respondents/Affected Entities: collection of information on those who
instructions for submitting comments are to respond, including through the
Foreign Boards of Trade. through the Portal.
Estimated number of respondents: use of appropriate automated electronic,
Please submit your comments using mechanical, or other technological
271. only one method.
Estimated total annual burden on collection techniques or other forms of
FOR FURTHER INFORMATION CONTACT: information technology; e.g., permitting
respondents: 11,756 hours.
Frequency of collection: Once for new Peter A. Kals, Division of Clearing and electronic submission of responses.
applications, quarterly and annually for Risk, Commodity Futures Trading All comments must be submitted in
required reports. Commission, Three Lafayette Centre, English, or if not, accompanied by an
1155 21st Street NW., Washington, DC English translation. Comments will be
(Authority: 44 U.S.C. 3501 et seq.) 20581, (202) 418–5466; email: pkals@ posted as received to http://
Dated: August 3, 2015. cftc.gov and refer to OMB Control No. www.cftc.gov. You should submit only
Robert N. Sidman, 3038–0085. information that you wish to make
Deputy Secretary of the Commission. SUPPLEMENTARY INFORMATION: Under the available publicly. If you wish the
[FR Doc. 2015–19394 Filed 8–6–15; 8:45 am] PRA, Federal agencies must obtain Commission to consider information
BILLING CODE 6351–01–P approval from the Office of Management that you believe is exempt from
and Budget (‘‘OMB’’) for each collection disclosure under the Freedom of
of information they conduct or sponsor. Information Act, a petition for
COMMODITY FUTURES TRADING ‘‘Collection of Information’’ is defined confidential treatment of the exempt
COMMISSION in 44 U.S.C. 3502(3) and 5 CFR 1320.3 information may be submitted according
and includes agency requests or to the procedures established in § 145.9
Agency Information Collection requirements that members of the public of the Commission’s regulations.1
Activities: Notice of Intent To Renew submit reports, keep records, or provide The Commission reserves the right,
Collection 3038–0085, Rule 50.50 End- information to a third party. Section but shall have no obligation, to review,
User Notification of Non-Cleared 3506(c)(2)(A) of the PRA, 44 U.S.C. pre-screen, filter, redact, refuse or
Swaps 3506(c)(2)(A), requires Federal agencies remove any or all of your submission
AGENCY: Commodity Futures Trading to provide a 60-day notice in the from http://www.cftc.gov that it may
Commission. Federal Register concerning each deem to be inappropriate for
ACTION: Notice.
proposed collection of information, publication, such as obscene language.
including each proposed extension of an All submissions that have been redacted
tkelley on DSK3SPTVN1PROD with NOTICES

SUMMARY: The Commodity Futures existing collection of information, or removed that contain comments on
Trading Commission (‘‘Commission’’) is before submitting the collection to OMB the merits of the Information Collection
announcing an opportunity for public for approval. To comply with this Request will be retained in the public
comment on the proposed collection of requirement, the Commission is comment file and will be considered as
certain information by the agency. publishing notice of the proposed required under the Administrative
extension of the collection of
1 17 CFR 145.9. information listed below. 1 17 CFR 145.9.

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Federal Register / Vol. 80, No. 152 / Friday, August 7, 2015 / Notices 47477

Procedure Act and other applicable and Reporting Requirements,’’ or information is for use by government
laws, and may be accessible under the Renewal 3038–0096, by any of the entities to provide oversight and
Freedom of Information Act. following methods: supervision and to ensure compliance
Burden Statement: The respondent • The Agency’s Web site, at http:// with statutes and regulations relating to
burden for this collection is estimated to comments.cftc.gov/. Follow the swaps.
require between 10 minutes and one instructions for submitting comments With respect to the collection of
hour per response. through the Web site. information, the CFTC invites
Respondents/Affected Entities: Non- • Mail: Christopher Kirkpatrick, comments on:
financial end-users. Secretary of the Commission, • Whether the proposed collection of
Estimated number of respondents: Commodity Futures Trading information is necessary for the proper
1,092. Commission, Three Lafayette Centre, performance of the functions of the
Estimated total average annual 1155 21st Street NW., Washington, DC Commission, including whether the
burden on respondents: 633 hours. 20581. information will have a practical use;
Frequency of collection: On occasion; • Hand Delivery/Courier: Same as • The accuracy of the Commission’s
annually. Mail above. estimate of the burden of the proposed
(Authority: 44 U.S.C. 3501 et seq.) • Federal eRulemaking Portal: http:// collection of information, including the
www.regulations.gov/. Follow the validity of the methodology and
Dated: August 3, 2015. assumptions used;
instructions for submitting comments
Robert N. Sidman, through the Portal. • Ways to enhance the quality,
Deputy Secretary of the Commission. Please submit your comments using usefulness, and clarity of the
[FR Doc. 2015–19401 Filed 8–6–15; 8:45 am] only one method. information to be collected; and
BILLING CODE 6351–01–P FOR FURTHER INFORMATION CONTACT:
• Ways to minimize the burden of
Thomas Guerin, Division of Market collection of information on those who
Oversight, Commodity Futures Trading are to respond, including through the
COMMODITY FUTURES TRADING Commission, 1155 21st Street NW., use of appropriate automated electronic,
COMMISSION (202) 734–4194; email: tguerin@cftc.gov, mechanical, or other technological
and refer to OMB Control No. 3038– collection techniques or other forms of
Agency Information Collection information technology; e.g., permitting
Activities: Notice of Intent To Renew 0096.
electronic submission of responses.
Collection 3038–0096, Swap Data SUPPLEMENTARY INFORMATION: Under the All comments must be submitted in
Recordkeeping and Reporting PRA, Federal agencies must obtain English, or if not, accompanied by an
Requirements approval from the Office of Management English translation. Comments will be
and Budget (‘‘OMB’’) for each collection posted as received to http://
AGENCY: Commodity Futures Trading of information they conduct or sponsor. www.cftc.gov. You should submit only
Commission. ‘‘Collection of Information’’ is defined information that you wish to make
ACTION: Notice. in 44 U.S.C. 3502(3) and 5 CFR 1320.3 available publicly. If you wish the
SUMMARY: The Commodity Futures and includes agency requests or Commission to consider information
Trading Commission (‘‘CFTC’’ or requirements that members of the public that you believe is exempt from
‘‘Commission’’) is announcing an submit reports, keep records, or provide disclosure under the Freedom of
opportunity for public comment on the information to a third party. Section Information Act, a petition for
proposed collection of certain 3506(c)(2)(A) of the PRA, 44 U.S.C. confidential treatment of the exempt
information by the agency. Under the 3506(c)(2)(A), requires Federal agencies information may be submitted according
Paperwork Reduction Act (‘‘PRA’’), to provide a 60-day notice in the to the procedures established in § 145.9
Federal agencies are required to publish Federal Register concerning each of the Commission’s regulations.1
notice in the Federal Register proposed collection of information The Commission reserves the right,
concerning each proposed collection of before submitting the collection to OMB but shall have no obligation, to review,
information and to allow 60 days for for approval. To comply with this pre-screen, filter, redact, refuse or
public comment. This notice solicits requirement, the CFTC is publishing remove any or all of your submission
comments on the swap data notice of the proposed collection of from http://www.cftc.gov that it may
recordkeeping and reporting information listed below. deem to be inappropriate for
Title: Swap Data Recordkeeping and publication, such as obscene language.
requirements codified in 17 CFR part
Reporting Requirements (OMB Control All submissions that have been redacted
45. This part imposes recordkeeping
No. 3038–0096). This is a request for or removed that contain comments on
and reporting requirements on the
extension of a currently approved the merits of the Information Collection
following entities: Swap Data
information collection. Request will be retained in the public
Repositories (‘‘SDRs’’), Swap Execution
Abstract: The collection of comment file and will be considered as
Facilities (‘‘SEFs’’), Designated Contract
information is needed to ensure that the required under the Administrative
Markets (‘‘DCMs’’), Derivatives Clearing
CFTC and other regulators have access Procedure Act and other applicable
Organizations (‘‘DCOs’’), Swap Dealers
to complete data concerning swaps, as laws, and may be accessible under the
(‘‘SDs’’), Major Swap Participants
required by the Commodity Exchange Freedom of Information Act.
(‘‘MSPs)’’, and swap counterparties that
Act as amended by the Dodd-Frank Wall Burden Statement: The total annual
are neither swap dealers nor major swap
Street Reform and Consumer Protection time burden for this collection is
participants (‘‘non-SD/MSP
tkelley on DSK3SPTVN1PROD with NOTICES

Act, Public Law 111–203, 124 Stat. 1376 estimated to be 445,910 hours. This
counterparties’’).
(2010). The data would be reported to estimate includes the time to comply
DATES: Comments must be submitted on and maintained in SDRs, where it with swap data recordkeeping and
or before October 6, 2015. would not be disclosed publicly, but reporting requirements codified in 17
ADDRESSES: You may submit comments, would be available to the CFTC and CFR part 45. Provisions of CFTC
identified by ‘‘Renewal of Collection other financial regulators for fulfillment
Pertaining to Swap Data Recordkeeping of various regulatory mandates. The 1 17 CFR 145.9.

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Document Created: 2015-12-15 10:56:55
Document Modified: 2015-12-15 10:56:55

Category		Regulatory Information
Collection		Federal Register
sudoc Class		AE 2.7: GS 4.107: AE 2.106:
Publisher		Office of the Federal Register, National Archives and Records Administration
Section		Notices
Action		Notice.
Dates		Comments must be submitted on or before October 6, 2015.
Contact		Peter A. Kals, Division of Clearing and Risk, Commodity Futures Trading Commission, Three Lafayette Centre, 1155 21st Street NW., Washington, DC 20581, (202) 418-5466; email: [email protected] and refer to OMB Control No. 3038-0085.
FR Citation		80 FR 47476