80 FR 74768 - Agency Information Collection Activities: Notice of Intent To Renew Collection Number 3038-0087, Reporting, Recordkeeping, and Daily Trading Records Requirements for Swap Dealers and Major Swap Participants

COMMODITY FUTURES TRADING COMMISSION

Federal Register Volume 80, Issue 229 (November 30, 2015)

Page Range		74768-74769
FR Document		2015-30236

The Commodity Futures Trading Commission (``CFTC'' or ``Commission'') is announcing an opportunity for public comment on the proposed renewal of a 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 the collections of information mandated by Commission regulations 23.201 through 23.205 (Reporting, Recordkeeping, and Daily Trading Records Requirements For Swap Dealers and Major Swap Participants).

Federal Register, Volume 80 Issue 229 (Monday, November 30, 2015)

[Federal Register Volume 80, Number 229 (Monday, November 30, 2015)]
[Notices]
[Pages 74768-74769]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-30236]


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COMMODITY FUTURES TRADING COMMISSION


Agency Information Collection Activities: Notice of Intent To 
Renew Collection Number 3038-0087, Reporting, Recordkeeping, and Daily 
Trading Records Requirements for Swap Dealers and Major Swap 
Participants

AGENCY: Commodity Futures Trading Commission.

ACTION: Notice.

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SUMMARY: The Commodity Futures Trading Commission (``CFTC'' or 
``Commission'') is announcing an opportunity for public comment on the 
proposed renewal of a 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 the collections of 
information mandated by Commission regulations 23.201 through 23.205 
(Reporting, Recordkeeping, and Daily Trading Records Requirements For 
Swap Dealers and Major Swap Participants).

DATES: Comments must be submitted on or before January 29, 2016.

ADDRESSES: You may submit comments, identified by ``Reporting, 
Recordkeeping, and Daily Trading Records Requirements For Swap Dealers 
and Major Swap Participants,'' and Collection Number 3038-0087 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.
    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.

FOR FURTHER INFORMATION CONTACT: Adam Kezsbom, Special Counsel, 202-
418-5372, [email protected]; Division of Swap Dealer and Intermediary 
Oversight, Commodity Futures Trading Commission, Three Lafayette 
Centre, 1155 21st Street NW., Washington, DC 20581.

SUPPLEMENTARY INFORMATION: Under the PRA,\1\ 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 CFTC is publishing notice of the proposed collection 
of information listed below.
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    \1\ 44 U.S.C. 3501 et seq.
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    Title: Reporting, Recordkeeping, and Daily Trading Records 
Requirements For Swap Dealers and Major Swap Participants (OMB Control 
No. 3038-0087). This is a request for an extension of a currently 
approved information collection.
    Abstract: On April 3, 2012, the Commission adopted Commission 
regulations 23.201 through 23.205 (Reporting, Recordkeeping, and Daily 
Trading Records Requirements For Swap Dealers and Major Swap 
Participants) \2\ pursuant to sections 4s(f) \3\ and 4s(g) \4\ of the 
Commodity Exchange Act (``CEA'').\5\ Commission regulations 23.201 
through 23.205 require, among other things, swap dealers (``SD'') \6\ 
and major swap participants (``MSP'') \7\ to maintain transaction and 
position records of their swaps (including daily trading records) and 
to maintain specified business records (including records related to 
the governance and financial status of the swap dealer or major swap 
participant, complaints received by such SD or MSP and such SD or MSP's 
marketing and sales materials). They also require SDs and MSPs to 
report certain swap transaction data to swap data repositories, to 
satisfy certain real time public reporting requirements, and to 
maintain records of information reported to swap data depositories and 
for real time reporting purposes.\8\ The Commission believes that the 
information collection obligations imposed by Commission regulations 
23.201 through 23.205 are necessary to implement sections 4s(f) and 
4s(g) of the CEA, including ensuring that each SD and MSP maintains the 
required records of their business activities and an audit trail 
sufficient to conduct comprehensive and accurate trade reconstruction. 
An agency may not conduct or sponsor, and a person is not required to 
respond to, a collection of information unless it displays a currently 
valid OMB control number.
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    \2\ 17 CFR 23.201-23.205.
    \3\ 7 U.S.C. 4s(f).
    \4\ 7 U.S.C. 4s(g).
    \5\ 77 FR 20128.
    \6\ For the definition of SD, see section 1a(49) of the CEA and 
Commission regulation 1.3(ggg). 7 U.S.C. 1a(49) and 17 CFR 1.3(ggg).
    \7\ For the definitions of MSP, see section 1a(33) of the CEA 
and Commission regulation 1.3(hhh). 7 U.S.C. 1a(33) and 17 CFR 
1.3(hhh).
    \8\ See 17 CFR 23.201-23.205.
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    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.
    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.\9\
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    \9\ 17 CFR 145.9.

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[[Page 74769]]

    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 Commission is revising its estimate of the 
burden for this collection to reflect the current number of registered 
SDs and MSPs. The respondent burden for this collection is estimated to 
be as follows:
    Number of Registrants: 106.
    Estimated Average Burden Hours per Registrant: 2,096.
    Estimated Aggregate Burden Hours: 222,176.
    Frequency of Recordkeeping/Third Party Disclosure: Daily, or as 
applicable.
    There are no new capital costs or operating and maintenance costs 
associated with this collection.

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

    Dated: November 23, 2015.
Robert N. Sidman,
Deputy Secretary of the Commission.
[FR Doc. 2015-30236 Filed 11-27-15; 8:45 am]
 BILLING CODE 6351-01-P

74768 Federal Register / Vol. 80, No. 229 / Monday, November 30, 2015 / Notices

Dated: November 23, 2015. Please submit your comments using transaction and position records of their
Robert N. Sidman, only one method. swaps (including daily trading records)
Deputy Secretary of the Commission. All comments must be submitted in and to maintain specified business
[FR Doc. 2015–30235 Filed 11–27–15; 8:45 am] English, or if not, accompanied by an records (including records related to the
BILLING CODE 6351–01–P
English translation. Comments will be governance and financial status of the
posted as received to http:// swap dealer or major swap participant,
www.cftc.gov. complaints received by such SD or MSP
COMMODITY FUTURES TRADING FOR FURTHER INFORMATION CONTACT: and such SD or MSP’s marketing and
COMMISSION Adam Kezsbom, Special Counsel, 202– sales materials). They also require SDs
418–5372, akezsbom@cftc.gov; Division and MSPs to report certain swap
Agency Information Collection of Swap Dealer and Intermediary transaction data to swap data
Activities: Notice of Intent To Renew Oversight, Commodity Futures Trading repositories, to satisfy certain real time
Collection Number 3038–0087, Commission, Three Lafayette Centre, public reporting requirements, and to
Reporting, Recordkeeping, and Daily 1155 21st Street NW., Washington, DC maintain records of information
Trading Records Requirements for 20581. reported to swap data depositories and
Swap Dealers and Major Swap SUPPLEMENTARY INFORMATION: Under the for real time reporting purposes.8 The
Participants PRA,1 Federal agencies must obtain Commission believes that the
approval from the Office of Management information collection obligations
AGENCY: Commodity Futures Trading imposed by Commission regulations
Commission. and Budget (‘‘OMB’’) for each collection
of information they conduct or sponsor. 23.201 through 23.205 are necessary to
ACTION: Notice. implement sections 4s(f) and 4s(g) of the
‘‘Collection of Information’’ is defined
in 44 U.S.C. 3502(3) and 5 CFR 1320.3 CEA, including ensuring that each SD
SUMMARY: The Commodity Futures
and includes agency requests or and MSP maintains the required records
Trading Commission (‘‘CFTC’’ or
requirements that members of the public of their business activities and an audit
‘‘Commission’’) is announcing an
submit reports, keep records, or provide trail sufficient to conduct
opportunity for public comment on the
information to a third party. Section comprehensive and accurate trade
proposed renewal of a collection of
3506(c)(2)(A) of the PRA, 44 U.S.C. reconstruction. An agency may not
certain information by the agency.
3506(c)(2)(A), requires Federal agencies conduct or sponsor, and a person is not
Under the Paperwork Reduction Act
to provide a 60-day notice in the required to respond to, a collection of
(‘‘PRA’’), Federal agencies are required
Federal Register concerning each information unless it displays a
to publish notice in the Federal Register
proposed collection of information, currently valid OMB control number.
concerning each proposed collection of
including each proposed extension of an With respect to the collection of
information, including each proposed
existing collection of information, information, the CFTC invites
extension of an existing collection of
before submitting the collection to OMB comments on:
information, and to allow 60 days for
public comment. This notice solicits
for approval. To comply with this • Whether the proposed collection of
requirement, the CFTC is publishing information is necessary for the proper
comments on the collections of
notice of the proposed collection of performance of the functions of the
information mandated by Commission
information listed below. Commission, including whether the
regulations 23.201 through 23.205 Title: Reporting, Recordkeeping, and
(Reporting, Recordkeeping, and Daily information will have a practical use;
Trading Records Requirements For
Daily Trading Records Requirements • The accuracy of the Commission’s
For Swap Dealers and Major Swap estimate of the burden of the proposed
Swap Dealers and Major Swap Participants (OMB Control No. 3038–
Participants). collection of information, including the
0087). This is a request for an extension validity of the methodology and
DATES: Comments must be submitted on of a currently approved information assumptions used;
or before January 29, 2016. collection. • Ways to enhance the quality,
ADDRESSES: You may submit comments, Abstract: On April 3, 2012, the usefulness, and clarity of the
identified by ‘‘Reporting, Commission adopted Commission information to be collected; and
Recordkeeping, and Daily Trading regulations 23.201 through 23.205 • Ways to minimize the burden of
Records Requirements For Swap Dealers (Reporting, Recordkeeping, and Daily collection of information on those who
and Major Swap Participants,’’ and Trading Records Requirements For are to respond, including through the
Collection Number 3038–0087 by any of Swap Dealers and Major Swap use of appropriate automated electronic,
the following methods: Participants) 2 pursuant to sections mechanical, or other technological
• The Agency’s Web site, at http:// 4s(f) 3 and 4s(g) 4 of the Commodity collection techniques or other forms of
comments.cftc.gov/. Follow the Exchange Act (‘‘CEA’’).5 Commission information technology; e.g., permitting
regulations 23.201 through 23.205
instructions for submitting comments electronic submission of responses.
require, among other things, swap
through the Web site. You should submit only information
dealers (‘‘SD’’) 6 and major swap
• Mail: Christopher Kirkpatrick, that you wish to make available
participants (‘‘MSP’’) 7 to maintain
Secretary of the Commission, publicly. If you wish the Commission to
Commodity Futures Trading 1 44 U.S.C. 3501 et seq.
consider information that you believe is
Commission, Three Lafayette Centre, 2 17 CFR 23.201–23.205. exempt from disclosure under the
1155 21st Street NW., Washington, DC Freedom of Information Act, a petition
jstallworth on DSK7TPTVN1PROD with NOTICES

3 7 U.S.C. 4s(f).

20581. 4 7 U.S.C. 4s(g). for confidential treatment of the exempt
• Hand Delivery/Courier: Same as 5 77 FR 20128. information may be submitted according
Mail above. 6 For the definition of SD, see section 1a(49) of
to the procedures established in § 145.9
• Federal eRulemaking Portal: http:// the CEA and Commission regulation 1.3(ggg). 7 of the Commission’s regulations.9
U.S.C. 1a(49) and 17 CFR 1.3(ggg).
www.regulations.gov/. Follow the 7 For the definitions of MSP, see section 1a(33) of
instructions for submitting comments the CEA and Commission regulation 1.3(hhh). 7 8 See 17 CFR 23.201–23.205.
through the Portal. U.S.C. 1a(33) and 17 CFR 1.3(hhh). 9 17 CFR 145.9.

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Federal Register / Vol. 80, No. 229 / Monday, November 30, 2015 / Notices 74769

The Commission reserves the right, The Board is a statutory Federal experience. Board members who are not
but shall have no obligation, to review, advisory committee that assists the full-time or permanent part-time Federal
pre-screen, filter, redact, refuse or Secretary of Defense in an advisory officers or employees will be appointed
remove any or all of your submission capacity in carrying out the Secretary’s as experts or consultants pursuant to 5
from http://www.cftc.gov that it may responsibility to conduct the business of U.S.C. 3109 to serve as special
deem to be inappropriate for the Uniformed Services University of government employee (SGE) members.
publication, such as obscene language. the Health Sciences (‘‘the University’’). Board members who are full-time or
All submissions that have been redacted The Board shall provide advice and permanent part-time Federal officers or
or removed that contain comments on recommendations on academic and employees will serve as regular
the merits of the information collection administrative matters critical to the full government employee (RGE) members
request will be retained in the public accreditation and successful operation pursuant to 41 CFR 102–3.130(a). No
comment file and will be considered as of the University. member may serve more than two
required under the Administrative The DoD, through the Office of the consecutive terms of service without
Procedure Act and other applicable USD(P&R), provides support for the Secretary of Defense or Deputy
laws, and may be accessible under the performance of the Board’s functions Secretary of Defense approval.
Freedom of Information Act. and ensures compliance with the Pursuant to 10 U.S.C. 2113a(e), Board
Burden Statement: The Commission requirements of the FACA, the members (other than ex-officio
is revising its estimate of the burden for Government in the Sunshine Act of members), while attending conferences
this collection to reflect the current 1976 (5 U.S.C. 552b, as amended) (‘‘the or meetings or while otherwise
number of registered SDs and MSPs. Sunshine Act’’), governing Federal performing their duties as members,
The respondent burden for this statutes and regulations, and established shall be entitled to receive
collection is estimated to be as follows: DoD policies and procedures. compensation at a rate to be fixed by the
Number of Registrants: 106. Under the provisions of 10 U.S.C. Secretary of Defense. Each member is
Estimated Average Burden Hours per 2113a(b), the Board shall be composed reimbursed for travel and per diem as it
Registrant: 2,096. of 15 members, appointed or designated pertains to official business of the
Estimated Aggregate Burden Hours: as follows: Board.
222,176. a. Nine persons outstanding in the DoD, when necessary and consistent
Frequency of Recordkeeping/Third field of health care, higher education with the Board’s mission and DoD
Party Disclosure: Daily, or as applicable. administration, or public policy, who policies and procedures, may establish
There are no new capital costs or shall be appointed from civilian life by subcommittees, task forces, or working
operating and maintenance costs the Secretary of Defense; groups to support the Board.
associated with this collection. b. The Secretary of Defense, or his Establishment of subcommittees will be
designee, who shall be an ex-officio based upon a written determination, to
Authority: 44 U.S.C. 3501 et seq.
member; include terms of reference, by the
Dated: November 23, 2015. c. The Surgeons General of the Secretary of Defense, the Deputy
Robert N. Sidman, Uniformed Services, who shall be ex- Secretary of Defense, or the USD(P&R),
Deputy Secretary of the Commission. officio members; and as the Board’s Sponsor.
[FR Doc. 2015–30236 Filed 11–27–15; 8:45 am] d. The President of the University, Such subcommittees will not work
BILLING CODE 6351–01–P who shall be a non-voting, ex-officio independently of the Board and will
member. As directed by 10 U.S.C. report all of their recommendations and
2113a(c), the term of office for each advice solely to the Board for full and
member of the Board (other than ex- open deliberation and discussion.
DEPARTMENT OF DEFENSE
officio members) shall be six years Subcommittees, task forces, or working
Office of the Secretary except that: groups have no authority to make
a. Any member appointed to fill a decisions and recommendations,
Charter Renewal of Department of vacancy occurring before the expiration verbally or in writing, on behalf of the
Defense Federal Advisory Committees of the term for which his predecessor Board. No subcommittee or any of its
was appointed shall be appointed for members can update or report, verbally
AGENCY: Department of Defense. or in writing, on behalf of the Board,
the remainder of such term; and,
ACTION: Charter Amendment of a b. Any member whose term of office directly to the DoD or any Federal
Federal Advisory Committee. has expired shall continue to serve until officers or employees. Each member,
his successor is appointed. based upon his or her individual
SUMMARY: The Department of Defense is professional experience, provides his or
In accordance with 10 U.S.C.
publishing this notice to announce that her best judgment on the matters before
2113a(d), one of the members of the
it is amending the charter for the Board the Board, and he or she does so in a
Board (other than an ex-officio member)
of Regents, Uniformed Services manner that is free from conflict of
shall be designated as Chair by the
University of the Health Sciences (‘‘the interest. All subcommittee members
Secretary of Defense and shall be
Board’’). will be appointed by the Secretary of
presiding officer of the Board.
FOR FURTHER INFORMATION CONTACT: Jim Board members that are not ex-officio Defense or the Deputy Secretary of
Freeman, Advisory Committee members shall be appointed by the Defense to a term of service of one-to-
Management Officer for the Department Secretary of Defense and their four years, with annual renewals, even
of Defense, 703–692–5952.
jstallworth on DSK7TPTVN1PROD with NOTICES

appointments will be renewed on an if the individual is already a member of
SUPPLEMENTARY INFORMATION: This annual basis according to DoD policies the Board. Subcommittee members will
committee’s charter is being amended and procedures. not serve more than two consecutive
pursuant to 10 U.S.C. 2113a and in Those members appointed by the terms of service, unless authorized by
accordance with the Federal Advisory Secretary of Defense from civilian life the Secretary of Defense or the Deputy
Committee Act (FACA) of 1972 (5 provide their best judgment on the Secretary of Defense.
U.S.C., Appendix, as amended) and 41 matters before the Board, based upon Subcommittee members who are not
CFR 102–3.50(a). each individual’s professional full-time or permanent part-time Federal

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Document Created: 2018-03-01 11:12:47
Document Modified: 2018-03-01 11:12:47

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 January 29, 2016.
Contact		Adam Kezsbom, Special Counsel, 202- 418-5372, [email protected]; Division of Swap Dealer and Intermediary Oversight, Commodity Futures Trading Commission, Three Lafayette Centre, 1155 21st Street NW., Washington, DC 20581.
FR Citation		80 FR 74768