80 FR 47477 - Agency Information Collection Activities: Notice of Intent To Renew Collection 3038-0096, Swap Data Recordkeeping and Reporting Requirements
COMMODITY FUTURES TRADING COMMISSION Federal Register Volume 80, Issue 152 (August 7, 2015)
Federal Register Volume 80, Issue 152 (August 7, 2015)
| Page Range | 47477-47478 | |
| FR Document | 2015-19402 |
[Federal Register Volume 80, Number 152 (Friday, August 7, 2015)] [Notices] [Pages 47477-47478] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2015-19402] ----------------------------------------------------------------------- COMMODITY FUTURES TRADING COMMISSION Agency Information Collection Activities: Notice of Intent To Renew Collection 3038-0096, Swap Data Recordkeeping and Reporting Requirements AGENCY: Commodity Futures Trading Commission. ACTION: Notice. ----------------------------------------------------------------------- SUMMARY: The Commodity Futures Trading Commission (``CFTC'' or ``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 and to allow 60 days for public comment. This notice solicits comments on the swap data recordkeeping and reporting requirements codified in 17 CFR part 45. This part imposes recordkeeping and reporting requirements on the following entities: Swap Data Repositories (``SDRs''), Swap Execution Facilities (``SEFs''), Designated Contract Markets (``DCMs''), Derivatives Clearing Organizations (``DCOs''), Swap Dealers (``SDs''), Major Swap Participants (``MSPs)'', and swap counterparties that are neither swap dealers nor major swap participants (``non-SD/MSP counterparties''). DATES: Comments must be submitted on or before October 6, 2015. ADDRESSES: You may submit comments, identified by ``Renewal of Collection Pertaining to Swap Data Recordkeeping and Reporting Requirements,'' or Renewal 3038-0096, 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: Thomas Guerin, Division of Market Oversight, Commodity Futures Trading Commission, 1155 21st Street NW., (202) 734-4194; email: [email protected], and refer to OMB Control No. 3038-0096. 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 before submitting the collection to OMB for approval. To comply with this requirement, the CFTC is publishing notice of the proposed collection of information listed below. Title: Swap Data Recordkeeping and Reporting Requirements (OMB Control No. 3038-0096). This is a request for extension of a currently approved information collection. Abstract: The collection of information is needed to ensure that the CFTC and other regulators have access to complete data concerning swaps, as required by the Commodity Exchange Act as amended by the Dodd-Frank Wall Street Reform and Consumer Protection Act, Public Law 111-203, 124 Stat. 1376 (2010). The data would be reported to and maintained in SDRs, where it would not be disclosed publicly, but would be available to the CFTC and other financial regulators for fulfillment of various regulatory mandates. The information is for use by government entities to provide oversight and supervision and to ensure compliance with statutes and regulations relating to swaps. With respect to the collection of information, the CFTC 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\ --------------------------------------------------------------------------- \1\ 17 CFR 145.9. --------------------------------------------------------------------------- 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 Procedure Act and other applicable laws, and may be accessible under the Freedom of Information Act. Burden Statement: The total annual time burden for this collection is estimated to be 445,910 hours. This estimate includes the time to comply with swap data recordkeeping and reporting requirements codified in 17 CFR part 45. Provisions of CFTC [[Page 47478]] Regulations 45.2, 45.3, 45.4, 45.5, 45.6, 45.7, and 45.14 result in information collection requirements within the meaning of the PRA. To the extent that the recordkeeping and reporting requirements codified in 17 CFR part 45 overlap with the requirements of other rulemakings for which the CFTC prepared and submitted an information collection burden estimate to OMB, the burden associated with the requirements are not being accounted for in the burden estimate for information collections under 17 CFR part 45 to avoid unnecessary duplication of information collection burdens. Respondents/Affected Entities: SDRs, SEFs, DCMS, DCOs, SDs, MSPs, and non-SD/MSP counterparties. Estimated number of respondents: 30,210. Estimated total annual burden on respondents: 445,910 hours. Frequency of collection: Ongoing. Authority: 44 U.S.C. 3501 et seq. Dated: August 3, 2015. Robert N. Sidman, Deputy Secretary of the Commission. [FR Doc. 2015-19402 Filed 8-6-15; 8:45 am] BILLING CODE 6351-01-P
![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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![47478 Federal Register / Vol. 80, No. 152 / Friday, August 7, 2015 / Notices
Regulations 45.2, 45.3, 45.4, 45.5, 45.6, ADDRESSES: You may submit comments, 4s(j)(5) 2 of the Commodity Exchange
45.7, and 45.14 result in information identified by ‘‘Conflict of Interest Act (‘‘CEA’’). Commission regulation
collection requirements within the Policies and Procedures by Swap 23.605 requires, among other things,
meaning of the PRA. To the extent that Dealers and Major Swap Participants,’’ that swap dealers (‘‘SD’’) 3 and major
the recordkeeping and reporting and Collection Number 3038–0079 by swap participants (‘‘MSP’’) 4 adopt and
requirements codified in 17 CFR part 45 any of the following methods: implement conflicts of interest
overlap with the requirements of other • The Agency’s Web site, at http:// procedures and disclosures, establish
rulemakings for which the CFTC comments.cftc.gov/. Follow the written policies and procedures
prepared and submitted an information instructions for submitting comments reasonably designed to ensure
collection burden estimate to OMB, the through the Web site. compliance with the conflicts of interest
burden associated with the • Mail: Christopher Kirkpatrick, and disclosure obligations within the
requirements are not being accounted Secretary of the Commission, regulations, and maintain specified
for in the burden estimate for Commodity Futures Trading records related to those requirements.5
information collections under 17 CFR Commission, Three Lafayette Centre, The Commission believes that the
part 45 to avoid unnecessary 1155 21st Street NW., Washington, DC information collection obligations
duplication of information collection 20581. imposed by Commission regulation
burdens. • Hand Delivery/Courier: Same as 23.605 are essential (i) to ensuring that
Respondents/Affected Entities: SDRs, Mail above. SDs and MSPs develop and maintain
SEFs, DCMS, DCOs, SDs, MSPs, and • Federal eRulemaking Portal: http:// the conflicts of interest systems,
non-SD/MSP counterparties. www.regulations.gov/. Follow the procedures and disclosures required by
Estimated number of respondents: instructions for submitting comments the CEA, and Commission regulations,
30,210. through the Portal. Please submit your and (ii) to the effective evaluation of
Estimated total annual burden on comments using only one method. these registrants’ actual compliance
respondents: 445,910 hours. All comments must be submitted in with the CEA and Commission
English, or if not, accompanied by an regulations.
Frequency of collection: Ongoing.
English translation. Comments will be With respect to the collection of
Authority: 44 U.S.C. 3501 et seq. posted as received to www.cftc.gov. information, the CFTC invites
Dated: August 3, 2015. FOR FURTHER INFORMATION CONTACT: comments on:
Robert N. Sidman, Jacob Chachkin, Special Counsel, • Whether the proposed collection of
Deputy Secretary of the Commission. Division of Swap Dealer and information is necessary for the proper
[FR Doc. 2015–19402 Filed 8–6–15; 8:45 am] Intermediary Oversight, Commodity performance of the functions of the
BILLING CODE 6351–01–P
Futures Trading Commission, (202) Commission, including whether the
418–5496; email: jchachkin@cftc.gov. information will have a practical use;
SUPPLEMENTARY INFORMATION: Under the • The accuracy of the Commission’s
COMMODITY FUTURES TRADING PRA, Federal agencies must obtain estimate of the burden of the proposed
COMMISSION approval from the Office of Management collection of information, including the
and Budget (‘‘OMB’’) for each collection validity of the methodology and
Agency Information Collection of information they conduct or sponsor. assumptions used;
Activities: Notice of Intent to Renew ‘‘Collection of Information’’ is defined • Ways to enhance the quality,
Collection Number 3038–0079, Conflict in 44 U.S.C. 3502(3) and 5 CFR 1320.3 usefulness, and clarity of the
of Interest Policies and Procedures by and includes agency requests or information to be collected; and
Swap Dealers and Major Swap requirements that members of the public • Ways to minimize the burden of
Participants submit reports, keep records, or provide collection of information on those who
information to a third party. Section are to respond, including through the
AGENCY: Commodity Futures Trading
3506(c)(2)(A) of the PRA, 44 U.S.C. use of appropriate automated electronic,
Commission.
3506(c)(2)(A), requires Federal agencies mechanical, or other technological
ACTION: Notice. to provide a 60-day notice in the collection techniques or other forms of
Federal Register concerning each information technology; e.g., permitting
SUMMARY: The Commodity Futures proposed collection of information, electronic submission of responses.
Trading Commission (‘‘CFTC’’ or including each proposed extension of an You should submit only information
‘‘Commission’’) is announcing an existing collection of information, that you wish to make available
opportunity for public comment on the before submitting the collection to OMB publicly. If you wish the Commission to
proposed collection of certain for approval. To comply with this consider information that you believe is
information by the agency. Under the requirement, the CFTC is publishing exempt from disclosure under the
Paperwork Reduction Act (‘‘PRA), notice of the proposed collection of Freedom of Information Act, a petition
Federal agencies are required to publish information listed below. for confidential treatment of the exempt
notice in the Federal Register Title: Conflict of Interest Policies and information may be submitted according
concerning each proposed collection of Procedures by Swap Dealers and Major to the procedures established in § 145.9
information, including each proposed Swap Participants (OMB Control No. of the Commission’s regulations.6
extension of an existing collection of 3038–0079). This is a request for an
information, and to allow 60 days for extension of a currently approved 27 U.S.C. 6s(j)(5).
public comment. This notice solicits
tkelley on DSK3SPTVN1PROD with NOTICES
information collection. 3 For the definition of SD, see section 1a(49) of
comments on the collections of Abstract: On April 3, 2012 the the CEA and Commission regulation 1.3(ggg). 7
information mandated by Commission Commission adopted Commission U.S.C. 1a(49) and 17 CFR 1.3(ggg).
regulation 23.605 (Conflicts of interest regulation 23.605 (Conflicts of interest
4 For the definitions of MSP, see section 1a(33) of
policies and procedures). the CEA and Commission regulation 1.3(hhh). 7
policies and procedures) 1 under section U.S.C. a(33) and 17 CFR 1.3(hhh).
DATES: Comments must be submitted on 5 See 17 CFR 23.605.
or before October 6, 2015. 1 17 CFR 23.605. 6 17 CFR 145.9.
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Document Created: 2015-12-15 10:57:27
Document Modified: 2015-12-15 10:57:27
| 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 | Thomas Guerin, Division of Market Oversight, Commodity Futures Trading Commission, 1155 21st Street NW., (202) 734-4194; email: [email protected], and refer to OMB Control No. 3038-0096. | |
| FR Citation | 80 FR 47477 |
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