80 FR 47479 - Agency Information Collection Activities Under OMB Review

COMMODITY FUTURES TRADING COMMISSION

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

Page Range		47479-47480
FR Document		2015-19448

In compliance with the Paperwork Reduction Act of 1995 (``PRA''), this notice announces that the Information Collection Request (``ICR'') abstracted below has been forwarded to the Office of Management and Budget (``OMB'') for review and comment. The ICR describes the nature of the information collection and its expected costs and burden.

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

[Federal Register Volume 80, Number 152 (Friday, August 7, 2015)]
[Notices]
[Pages 47479-47480]
From the Federal Register Online [www.thefederalregister.org]
[FR Doc No: 2015-19448]

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COMMODITY FUTURES TRADING COMMISSION

Agency Information Collection Activities Under OMB Review

AGENCY: Commodity Futures Trading Commission.

ACTION: Notice.

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SUMMARY: In compliance with the Paperwork Reduction Act of 1995
(``PRA''), this notice announces that the Information Collection
Request (``ICR'') abstracted below has been forwarded to the Office of
Management and Budget (``OMB'') for review and comment. The ICR
describes the nature of the information collection and its expected
costs and burden.

DATES: Comments must be submitted on or before September 8, 2015.

ADDRESSES: Comments regarding the burden estimated or any other aspect
of the information collection, including suggestions for reducing the
burden, may be submitted directly to the Office of Information and
Regulatory Affairs (``OIRA'') in OMB, within 30 days of the notice's
publication, by email at OIRAsubmissions@omb.eop.gov. Please identify
the comments by OMB Control No. 3038-0092. Please provide the
Commission with a copy of all submitted comments at the address listed
below. Please refer to OMB Reference No. 3038-0092, found on http://reginfo.gov. Comments may also be mailed to the Office of Information
and Regulatory Affairs, Office of Management and Budget, Attention:
Desk Officer for the Commodity Futures Trading Commission, 725 17th
Street NW., Washington, DC 20503, or through the Agency's Web site at
http://comments.cftc.gov. Follow the instructions for submitting
comments through the Web site.
Comments may also be mailed to: Christopher Kirkpatrick, Secretary
of the Commission, Commodity Futures Trading Commission, Three
Lafayette Centre, 1155 21st Street NW., Washington, DC 20581 or by Hand
Deliver/Courier at the same address.
A copy of the supporting statements for the collection of
information discussed above may be obtained by visiting RegInfo.gov.
All comments must be submitted in English, or if not, accompanied by an
English translation. Comments will be posted as received to
www.cftc.gov. You should submit only information that you wish to make
available publicly. If you wish the Commission to consider information
that 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 set forth in section 145.9 of the
Commission's regulations.

FOR FURTHER INFORMATION CONTACT: Christopher Hower, Special Counsel,
Division of Clearing and Risk, Commodity Futures Trading Commission,
(202) 418-6703; email: chower@cftc.gov, and refer to OMB Control No.
3038-0092.

SUPPLEMENTARY INFORMATION:
Title: Customer Clearing Documentation and Timing of Acceptance for
Clearing (OMB Control No. 3038-0092). This is a request for extension
of a currently approved information collection.
Abstract: Section 4d(c) of the Commodity Exchange Act (``CEA'' or
``Act''), as amended by the Dodd-Frank Act, directs the Commission to
require futures commission merchants (``FCMs'') to implement conflict
of interest procedures that address such issues the Commission
determines to be appropriate. Similarly, section 4s(j)(5), as added by
the Dodd-Frank Act, requires swap dealers (``SDs'') and major swap
participants (``MSPs'') to implement conflict of interest procedures
that address such issues the Commission determines to be appropriate.
Section 4s(j)(5) also requires SDs and MSPs to ensure that any persons
providing clearing activities or making determinations as to accepting
clearing customers are separated by appropriate informational
partitions from persons whose involvement in pricing, trading, or
clearing activities might bias their judgment or contravene the core
principle of open access. Section 4s(j)(6) of the CEA prohibits a swap
dealer and major swap participant from adopting any process or taking
any action that results in any unreasonable restraint on trade or
imposes any material anticompetitive burden on trading or clearing,
unless necessary or appropriate to achieve the purposes of the Act.
Section 2(h)(1)(B)(ii) of the CEA requires that derivatives clearing
organization (``DCO'') rules provide for the non-discriminatory
clearing of swaps executed bilaterally or through an unaffiliated
designated contract market or swap execution facility.
Pursuant to these provisions, the Commission adopted Sec.
1.71(d)(1) relating to FCMs and Sec. 23.605(d)(1) relating to swap
dealers and major swap participants. These regulations prohibit swap
dealers and major swap participants from interfering or attempting to
influence the decisions of affiliated FCMs with regard to the provision
of clearing services and activities and prohibit FCMs from permitting
them to do so. The Commission also adopted Sec. 23.607 to prohibit
swap dealers and major swap participants from adopting any process or
taking any action that results in any unreasonable restraint on trade
or imposes any material anticompetitive burden on trading or clearing,
unless necessary or appropriate to achieve the purposes of the Act. The
Commission adopted Sec. 39.12(b)(2) requiring that derivatives
clearing organization rules provide for the non-discriminatory clearing
of swaps executed bilaterally or through an unaffiliated designated
contract market or swap execution facility.
As discussed further below, the additional information collection
burden arising from the proposed regulations primarily is restricted to
the costs associated with the affected registrants' obligation to
maintain records related to clearing documentation between the customer
and the customer's clearing member.
The information collection obligations imposed by the regulations
are necessary to implement certain provisions of the CEA, including
ensuring that registrants exercise effective risk management and for
the

[[Page 47480]]

efficient operation of trading venues among SDs, MSPs, FCMs, and DCOs.
Burden Statement: The respondent burden for this collection is
estimated to average 16 hours for FCMs and SDs and MSPs, and 40 hours
for DCOs per response. This estimate includes the total time, effort,
or financial resources expended by persons to generate, maintain,
retain, disclose, or provide information to or for a Federal agency.
The total annual cost burden per respondent is estimated to be $736 for
FCMs, SDs, and MSPs and $1,840 for DCOs. The Commission based its
calculation on an hourly wage rate of $46 for a financial manager to
maintain the data.
Respondents/Affected Entities: Swap dealers, Major Swap
Participants, Futures Commission Merchants, and Derivatives Clearing
Organizations.
Estimated Number of Respondents: 239 Swap Dealers, Major Swap
Participants and Futures Commission Merchants, and 14 Derivatives
Clearing Organizations.
Estimated Total Annual Burden on Respondents: 3,824 for FCMs, SDs,
and MSPs, and 560 hours for DCOs.
Frequency of Collection: As needed.

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

Dated: August 4, 2015.
Robert N. Sidman,
Deputy Secretary of the Commission.
[FR Doc. 2015-19448 Filed 8-6-15; 8:45 am]
BILLING CODE 6351-01-P

Federal Register / Vol. 80, No. 152 / Friday, August 7, 2015 / Notices 47479

The Commission reserves the right, submitted comments at the address requires SDs and MSPs to ensure that
but shall have no obligation, to review, listed below. Please refer to OMB any persons providing clearing activities
pre-screen, filter, redact, refuse or Reference No. 3038–0092, found on or making determinations as to
remove any or all of your submission http://reginfo.gov. Comments may also accepting clearing customers are
from http://www.cftc.gov that it may be mailed to the Office of Information separated by appropriate informational
deem to be inappropriate for and Regulatory Affairs, Office of partitions from persons whose
publication, such as obscene language. Management and Budget, Attention: involvement in pricing, trading, or
All submissions that have been redacted Desk Officer for the Commodity Futures clearing activities might bias their
or removed that contain comments on Trading Commission, 725 17th Street judgment or contravene the core
the merits of the information collection NW., Washington, DC 20503, or through principle of open access. Section 4s(j)(6)
request will be retained in the public the Agency’s Web site at http:// of the CEA prohibits a swap dealer and
comment file and will be considered as comments.cftc.gov. Follow the major swap participant from adopting
required under the Administrative instructions for submitting comments any process or taking any action that
Procedure Act and other applicable through the Web site. results in any unreasonable restraint on
laws, and may be accessible under the Comments may also be mailed to: trade or imposes any material
Freedom of Information Act. Christopher Kirkpatrick, Secretary of the anticompetitive burden on trading or
Burden Statement: The respondent Commission, Commodity Futures clearing, unless necessary or
burden for this collection is estimated to Trading Commission, Three Lafayette appropriate to achieve the purposes of
be as follows: Centre, 1155 21st Street NW., the Act. Section 2(h)(1)(B)(ii) of the CEA
Number of Registrants: 125. Washington, DC 20581 or by Hand requires that derivatives clearing
Estimated Average Burden Hours Per Deliver/Courier at the same address. organization (‘‘DCO’’) rules provide for
Registrant: 44.5. A copy of the supporting statements the non-discriminatory clearing of
Estimated Aggregate Burden Hours: for the collection of information swaps executed bilaterally or through an
5,562.5. discussed above may be obtained by unaffiliated designated contract market
Frequency of Recordkeeping: As visiting RegInfo.gov. All comments must or swap execution facility.
applicable. be submitted in English, or if not, Pursuant to these provisions, the
Authority: 44 U.S.C. 3501 et seq. accompanied by an English translation. Commission adopted § 1.71(d)(1)
Comments will be posted as received to relating to FCMs and § 23.605(d)(1)
Dated: August 3, 2015.
www.cftc.gov. You should submit only relating to swap dealers and major swap
Robert N. Sidman,
information that you wish to make participants. These regulations prohibit
Deputy Secretary of the Commission. available publicly. If you wish the swap dealers and major swap
[FR Doc. 2015–19387 Filed 8–6–15; 8:45 am] Commission to consider information participants from interfering or
BILLING CODE 6351–01–P that is exempt from disclosure under the attempting to influence the decisions of
Freedom of Information Act, a petition affiliated FCMs with regard to the
for confidential treatment of the exempt provision of clearing services and
COMMODITY FUTURES TRADING information may be submitted according activities and prohibit FCMs from
COMMISSION to the procedures set forth in section permitting them to do so. The
145.9 of the Commission’s regulations. Commission also adopted § 23.607 to
Agency Information Collection
Activities Under OMB Review FOR FURTHER INFORMATION CONTACT: prohibit swap dealers and major swap
Christopher Hower, Special Counsel, participants from adopting any process
AGENCY: Commodity Futures Trading Division of Clearing and Risk, or taking any action that results in any
Commission. Commodity Futures Trading unreasonable restraint on trade or
ACTION: Notice. Commission, (202) 418–6703; email: imposes any material anticompetitive
chower@cftc.gov, and refer to OMB burden on trading or clearing, unless
SUMMARY: In compliance with the Control No. 3038–0092. necessary or appropriate to achieve the
Paperwork Reduction Act of 1995 SUPPLEMENTARY INFORMATION: purposes of the Act. The Commission
(‘‘PRA’’), this notice announces that the Title: Customer Clearing adopted § 39.12(b)(2) requiring that
Information Collection Request (‘‘ICR’’) Documentation and Timing of derivatives clearing organization rules
abstracted below has been forwarded to Acceptance for Clearing (OMB Control provide for the non-discriminatory
the Office of Management and Budget No. 3038–0092). This is a request for clearing of swaps executed bilaterally or
(‘‘OMB’’) for review and comment. The extension of a currently approved through an unaffiliated designated
ICR describes the nature of the information collection. contract market or swap execution
information collection and its expected Abstract: Section 4d(c) of the facility.
costs and burden. Commodity Exchange Act (‘‘CEA’’ or As discussed further below, the
DATES: Comments must be submitted on ‘‘Act’’), as amended by the Dodd-Frank additional information collection
or before September 8, 2015. Act, directs the Commission to require burden arising from the proposed
ADDRESSES: Comments regarding the futures commission merchants regulations primarily is restricted to the
burden estimated or any other aspect of (‘‘FCMs’’) to implement conflict of costs associated with the affected
the information collection, including interest procedures that address such registrants’ obligation to maintain
suggestions for reducing the burden, issues the Commission determines to be records related to clearing
may be submitted directly to the Office appropriate. Similarly, section 4s(j)(5), documentation between the customer
tkelley on DSK3SPTVN1PROD with NOTICES

of Information and Regulatory Affairs as added by the Dodd-Frank Act, and the customer’s clearing member.
(‘‘OIRA’’) in OMB, within 30 days of the requires swap dealers (‘‘SDs’’) and major The information collection obligations
notice’s publication, by email at swap participants (‘‘MSPs’’) to imposed by the regulations are
OIRAsubmissions@omb.eop.gov. Please implement conflict of interest necessary to implement certain
identify the comments by OMB Control procedures that address such issues the provisions of the CEA, including
No. 3038–0092. Please provide the Commission determines to be ensuring that registrants exercise
Commission with a copy of all appropriate. Section 4s(j)(5) also effective risk management and for the

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47480 Federal Register / Vol. 80, No. 152 / Friday, August 7, 2015 / Notices

efficient operation of trading venues DATES: Comments may be submitted, Information is collected via hardcopy
among SDs, MSPs, FCMs, and DCOs. identified by the title of the information and electronically through an online
Burden Statement: The respondent collection activity, within September 8, application system.
burden for this collection is estimated to 2015. CNCS seeks to renew the current
average 16 hours for FCMs and SDs and ADDRESSES: Comments may be AmeriCorps Child Care Application and
MSPs, and 40 hours for DCOs per submitted, identified by the title of the add four new instruments: the
response. This estimate includes the information collection activity, to the AmeriCorps Member Application,
total time, effort, or financial resources Office of Information and Regulatory Attendance Sheet, Member Update
expended by persons to generate, Affairs, Attn: Ms. Sharon Mar, OMB Form, and Statement of Work Activities.
maintain, retain, disclose, or provide Desk Officer for the Corporation for The information collection will
information to or for a Federal agency. National and Community Service, by otherwise be used in the same manner
The total annual cost burden per any of the following two methods as the existing application.
respondent is estimated to be $736 for within 30 days from the date of Type of Review: Renewal.
FCMs, SDs, and MSPs and $1,840 for publication in the Federal Register: Agency: Corporation for National and
DCOs. The Commission based its (1) By fax to: 202–395–6974, Community Service.
calculation on an hourly wage rate of Attention: Ms. Sharon Mar, OMB Desk Title: AmeriCorps Child Care Program
$46 for a financial manager to maintain Officer for the Corporation for National Forms.
the data. and Community Service; or OMB Number: 3045–0142.
Respondents/Affected Entities: Swap Agency Number: None.
(2) By email to: smar@omb.eop.gov.
dealers, Major Swap Participants, Affected Public: AmeriCorps Members
Futures Commission Merchants, and SUPPLEMENTARY INFORMATION: The OMB
and Child Care Providers.
Derivatives Clearing Organizations. is particularly interested in comments
Total Respondents: 1400 total: 700
Estimated Number of Respondents: which:
AmeriCorps Members and 700 Child
239 Swap Dealers, Major Swap • Evaluate whether the proposed
Care Providers.
Participants and Futures Commission collection of information is necessary Frequency: Annual.
Merchants, and 14 Derivatives Clearing for the proper performance of the
Organizations. functions of CNCS, including whether Average Time Per Response
Estimated Total Annual Burden on the information will have practical AmeriCorps Member Application: 60
Respondents: 3,824 for FCMs, SDs, and utility; minutes.
MSPs, and 560 hours for DCOs. • Evaluate the accuracy of the Member Update Form: 5 minutes.
Frequency of Collection: As needed. agency’s estimate of the burden of the Statement of Work Activities Form
Authority: 44 U.S.C. 3501 et seq. proposed collection of information, (completed by Member): 10 minutes.
including the validity of the AmeriCorps Child Care Provider
Dated: August 4, 2015.
methodology and assumptions used; Application: 40 minutes.
Robert N. Sidman,
• Propose ways to enhance the Attendance Sheet (completed by
Deputy Secretary of the Commission. quality, utility, and clarity of the Provider and signed by Member): 20
[FR Doc. 2015–19448 Filed 8–6–15; 8:45 am] information to be collected; and minutes.
BILLING CODE 6351–01–P • Propose ways to minimize the Estimated Total Burden Hours: 1,575
burden of the collection of information hours.
on those who are to respond, including Total Burden Cost (capital/startup):
CORPORATION FOR NATIONAL AND through the use of appropriate None.
COMMUNITY SERVICE automated, electronic, mechanical, or Total Burden Cost (operating/
other technological collection maintenance): None.
Information Collection; Submission for techniques or other forms of information
OMB Review, Comment Request Dated: August 3, 2015.
technology.
Erin Dahlin,
AGENCY: Corporation for National and Comments Deputy Chief of Program Operations.
Community Service.
ACTION: Notice.
A 60-day Notice requesting public [FR Doc. 2015–19371 Filed 8–6–15; 8:45 am]
comment was published in the Federal BILLING CODE 6050–28–P
SUMMARY: The Corporation for National Register on April 15, 2015 at Volume
and Community Service (CNCS) has 80, No. 72 FR 20200. This comment
submitted a public information period ended June 15, 2015. No public DEPARTMENT OF DEFENSE
collection request (ICR) entitled comments were received from this
AmeriCorps Child Care Program Notice. Office of the Secretary
Information Collection for review and [Docket ID: DoD–2015–OS–0028]
Description
approval in accordance with the
Paperwork Reduction Act of 1995, The information collection is Submission for OMB Review;
Public Law 104–13, (44 U.S.C. Chapter requested of AmeriCorps Members who Comment Request
35). Copies of this ICR, with applicable are applying for the AmeriCorps Child
supporting documentation, may be Care benefit (or in some cases, member ACTION: Notice.
obtained by calling the Corporation for of their households); information
National and Community Service, collected is used to determine a SUMMARY: The Department of Defense
has submitted to OMB for clearance, the
tkelley on DSK3SPTVN1PROD with NOTICES

Jennifer Veazey, at 202–606–6770 or member’s eligibility based upon
email to jveazey@cns.gov. Individuals statutory, regulatory, and program following proposal for collection of
who use a telecommunications device eligibility requirements. In addition, the information under the provisions of the
for the deaf (TTY–TDD) may call 1–800– information collection is requested of Paperwork Reduction Act.
833–3722 between 8:00 a.m. and 8:00 the child care providers to determine a DATES: Consideration will be given to all
p.m. Eastern Time, Monday through child care provider’s eligibility to comments received by September 8,
Friday. provide the child care service. 2015.

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Document Created: 2015-12-15 10:57:21
Document Modified: 2015-12-15 10:57:21

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 September 8, 2015.
Contact		Christopher Hower, Special Counsel, Division of Clearing and Risk, Commodity Futures Trading Commission, (202) 418-6703; email: [email protected], and refer to OMB Control No. 3038-0092.
FR Citation		80 FR 47479