81_FR_3403 81 FR 3390 - Performance of Certain Functions by the National Futures Association Related to Notices of Swap Valuation Disputes Filed by Swap Dealers and Major Swap Participants

81 FR 3390 - Performance of Certain Functions by the National Futures Association Related to Notices of Swap Valuation Disputes Filed by Swap Dealers and Major Swap Participants

COMMODITY FUTURES TRADING COMMISSION

Federal Register Volume 81, Issue 13 (January 21, 2016)

Page Range3390-3391
FR Document2016-01051

The Commodity Futures Trading Commission (``Commission'') is authorizing the National Futures Association (``NFA'') to receive, review, maintain, and serve as the official custodian of records for notices provided by swap dealers (``SDs'') and major swap participants (``MSPs'') of swap valuation disputes in excess of $20 million U.S. dollars (or its equivalent in any other currency), as provided in Commission regulation 23.502(c).

Federal Register, Volume 81 Issue 13 (Thursday, January 21, 2016)
[Federal Register Volume 81, Number 13 (Thursday, January 21, 2016)]
[Notices]
[Pages 3390-3391]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-01051]


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COMMODITY FUTURES TRADING COMMISSION


Performance of Certain Functions by the National Futures 
Association Related to Notices of Swap Valuation Disputes Filed by Swap 
Dealers and Major Swap Participants

AGENCY: Commodity Futures Trading Commission.

ACTION: Notice and order.

-----------------------------------------------------------------------

SUMMARY: The Commodity Futures Trading Commission (``Commission'') is 
authorizing the National Futures Association (``NFA'') to receive, 
review, maintain, and serve as the official custodian of records for 
notices provided by swap dealers (``SDs'') and major swap participants 
(``MSPs'') of swap valuation disputes in excess of $20 million U.S. 
dollars (or its equivalent in any other currency), as provided in 
Commission regulation 23.502(c).

DATES: Effective Date: March 1, 2016.

FOR FURTHER INFORMATION CONTACT: Erik F. Remmler, Deputy Director, 202-
418-7630, [email protected], or Brian G. Mulherin, Associate Director, 
202-418-6622, [email protected], Division of Swap Dealer and 
Intermediary Oversight (``DSIO''), Commodity Futures Trading 
Commission, Three Lafayette Centre, 1155 21st Street NW., Washington, 
DC 20581.

SUPPLEMENTARY INFORMATION:

I. Background and Authority

    Section 8a(10) of the Commodity Exchange Act \1\ (the ``Act'' or 
``CEA'') provides that the Commission may authorize any person to 
perform any portion of the registration functions under the Act, 
notwithstanding any other provision of law. The performance of such 
functions shall be undertaken in accordance with rules adopted by such 
person and approved by the Commission or reviewed by the Commission 
pursuant to Section 17(j) of the Act.\2\
---------------------------------------------------------------------------

    \1\ 7 U.S.C. 12a(10) (2014).
    \2\ 7 U.S.C. 21(j) (2014).
---------------------------------------------------------------------------

    The purpose of the Act is explained in CEA Section 3(a) \3\ as 
serving the public interest ``through a system of effective self-
regulation of . . . market participants and market professionals under 
the oversight of the Commission.'' Section 17(o) of the Act \4\ 
provides that the Commission may require NFA to perform Commission 
registration functions in accordance with the Act and NFA rules. The 
Commission has delegated to NFA the authority to conduct many functions 
previously conducted by the Commission. Such delegated functions 
include: Processing applications for registration of intermediaries 
under the Act; \5\ reviewing disclosure documents, and providing the 
Commission with related summaries and periodic reports; \6\ and acting 
as the Commission's official custodian of records.\7\ The Commission 
has found that NFA exercises its delegated authority with 
proficiency.\8\ Authorizing NFA to perform such functions allows the 
Commission to devote resources to other aspects of its regulatory 
mission.
---------------------------------------------------------------------------

    \3\ 7 U.S.C. 5(a) (2014).
    \4\ 7 U.S.C. 21(o) (2014).
    \5\ See, e.g., 48 FR 35158 (Aug. 3, 1983) (introducing brokers 
and associated persons thereof); 49 FR 39593 (Oct. 9, 1984) (futures 
commission merchants, commodity pool operators, commodity trading 
advisors, and associated persons thereof); 51 FR 34490 (Sep. 29, 
1986) (floor brokers); 58 FR 19657 (Apr. 15, 1993) (floor traders); 
and 77 FR 2708 (Jan. 19, 2012) (swap dealers and major swap 
participants).
    \6\ See 62 FR 52088 (Oct. 6, 1997); 64 FR 29273 (June 1, 1999).
    \7\ See, e.g., 49 FR 39593 (Oct. 9, 1984) (regarding the 
registration records of future commission merchants, commodity pool 
operators, and commodity trading advisors); 66 FR 43227 (Aug. 17, 
2001) (regarding notice registration filings as futures commission 
merchants or introducing brokers); 67 FR 77470 (Dec. 18, 2002) 
(regarding commodity pool operator annual financial reports required 
by regulation 4.22 and 4.7(b)(3)); 75 FR 55310 (Sep. 10, 2010) 
(regarding the registration records of retail foreign exchange 
dealers); and 77 FR 2708 (Jan. 19, 2012) (regarding registration 
records of swap dealers and major swap participants).
    \8\ See, e.g., 67 FR 77470 (Dec. 18, 2002).
---------------------------------------------------------------------------

    CEA Section 4s(f)(1) authorizes the Commission to require SDs and 
MSPs to ``make such reports as are required by the Commission by rule 
or regulation regarding the transactions and positions . . .'' of SDs 
and MSPs.\9\ Upon consideration, the Commission has determined to 
authorize NFA, to receive and review notices of swap valuation 
disputes, as specified in Regulation 23.502(c).\10\ Regulation 
23.502(c) requires SDs and MSPs to notify the Commission of swap 
valuation disputes in excess of $20 million U.S. dollars (or its 
equivalent in any other currency), if not resolved within certain 
stated time frames. While those notices are currently submitted 
directly to the Commission, NFA is capable of receiving and reviewing 
those notices on the Commission's behalf.
---------------------------------------------------------------------------

    \9\ 7 U.S.C. 6s(f)(1) (2014).
    \10\ Commission regulations referred to herein may be found at 
17 CFR Ch. I (2014).
---------------------------------------------------------------------------

    NFA Compliance Rule 2-49 is capable of being used by NFA to collect 
notices of swap valuation disputes. That rule states:

    A Swap Dealer or Major Swap Participant Member must promptly 
submit any reports, documents or notices, including those required 
under CFTC Regulation 3.3 or Part 23 of the CFTC's regulations, and 
any other supplemental information, to NFA and CFTC, as required by 
NFA, in the form and manner prescribed by NFA.

Under this rule, NFA has already required SDs and MSPs to submit copies 
of the Chief Compliance Officer annual reports required under 
Regulation 3.3,\11\ and periodic risk exposure reports required under 
Regulation 23.600(c)(2)(ii).\12\ Because notices of swap valuation 
disputes are also required under Part 23, NFA is able to require SDs 
and MSPs to submit those notices to NFA under Compliance Rule 2-49.
---------------------------------------------------------------------------

    \11\ See NFA Notice to Members I-14-22.
    \12\ See NFA Notice to Members I-14-20.
---------------------------------------------------------------------------

    NFA has confirmed its willingness to perform the functions 
described herein and Commission staff has made NFA staff aware of the 
requirements that shall apply to NFA in maintaining these records. In 
particular, NFA, its officers, employees and agents shall ensure the 
confidentiality of those nonpublic portions of the Commission's records 
furnished to, compiled or maintained by NFA, including any reports 
generated by NFA based on the swap valuation dispute notices received 
by NFA except as allowed by existing or future Commission orders or 
regulations.\13\ In

[[Page 3391]]

addition, NFA will maintain these records in accordance with the 
Commission's Records Disposition Schedule. Further, the work of the 
Commission requires that Commission staff have ready electronic access 
to the information contained in the documents encompassed by this 
Order. Commission staff will have electronic access to a database 
containing the pertinent information contained in the subject filings. 
Moreover, NFA will make physical copies of any of the documents 
encompassed by this Order available to the Commission, Commission 
staff, the Department of Justice, the Securities and Exchange 
Commission, and all applicable prudential regulators promptly.
---------------------------------------------------------------------------

    \13\ See Performance of Registration Functions by National 
Futures Association, 49 FR 39593, 39596 n.23 (Oct. 9, 1984) (``In 
this regard, NFA shall take special precautions to protect any 
information which appears in these [ ] records but which, by its 
nature, is among the types of information described in sections 
8(a), 8(e), and 8a(6) of the Act, so that any such information will 
not be disclosed inadvertently or without authority.'').
---------------------------------------------------------------------------

    In light of NFA's experience in receiving and reviewing disclosure 
documents on behalf of the Commission, the Commission has determined to 
delegate to NFA the responsibility to receive and review notices of 
swap valuation disputes required to be filed pursuant to Regulation 
23.502(c), to provide the Commission with such summaries and periodic 
reports as the Commission, through the Director of DSIO, may determine 
are necessary for the effective oversight of SDs and MSPs, and to 
maintain and serve as the official custodian of records for those 
documents. This determination is based upon NFA's representations 
regarding procedures for maintaining and safeguarding all such records. 
In maintaining the Commission's records pursuant to this Order, NFA 
shall be subject to all other requirements and obligations imposed on 
it by the Commission in existing or future orders or regulations. In 
this regard, NFA shall also implement such additional procedures (or 
modify existing procedures) as are acceptable to the Commission and as 
are necessary and acceptable to the Commission to accomplish the 
following: Ensure the security and integrity of the records in NFA's 
custody; facilitate prompt access to those records by the Commission 
and its staff, particularly as described in other Commission orders or 
rules; facilitate disclosure of public or nonpublic information in 
those records when permitted by Commission orders or rules and keep 
logs as required by the Commission concerning disclosure of nonpublic 
information; and otherwise safeguard the confidentiality of the 
records. NFA shall also make such reports regarding those notices as 
shall be specified by the Commission or the Director of DSIO.

II. Conclusion and Order

    The Commission has determined, in accordance with Sections 
4s(f)(1), 8a(10) and 17(o)(1) of the CEA, to authorize NFA to perform 
the following functions:
    (1) To receive in the form and manner prescribed by NFA, and 
conduct reviews of, the notices of swap valuation disputes specified in 
Regulation 23.502(c), as described above; and
    (2) To maintain and serve as the official custodian of those 
Commission records.
    NFA shall perform these functions in accordance with the standards 
established by the Act and the regulations and orders promulgated 
thereunder, and shall provide the Commission with such summaries and 
periodic reports regarding those records and their contents as the 
Commission or the Director of DSIO may determine are necessary for the 
effective oversight of this program.
    These determinations are based, in part, on the Commission's 
authority to delegate to NFA portions of the Commission's 
responsibilities under the CEA, in furtherance of carrying out these 
responsibilities in the most efficient and cost-effective manner, and 
upon NFA's representations concerning the standards and procedures to 
be followed and the reports to be generated in administering these 
functions.
    This Order does not, however, authorize NFA to render ``no-action'' 
positions, exemptions or interpretations with respect to applicable 
disclosure, reporting, recordkeeping and registration requirements.
    Nothing in this Order or in CEA Sections 8a(10) or 17(o) shall 
affect the Commission's authority to review NFA's performance of 
Commission functions listed above.
    NFA is authorized to perform all functions specified herein until 
such time as the Commission orders otherwise. Nothing in this Order 
shall prevent the Commission from exercising the authority delegated 
herein. NFA may submit to the Commission for decision any specific 
matter regarding the functions delegated to it, and Commission staff 
will be available to discuss with NFA staff issues relating to the 
implementation of this Order. Nothing in this Order affects the 
applicability of any previous Orders issued by the Commission.

    Issued in Washington, DC, on January 14, 2016, by the 
Commission.
Christopher J. Kirkpatrick,
Secretary of the Commission.
[FR Doc. 2016-01051 Filed 1-20-16; 8:45 am]
BILLING CODE 6351-01-P



                                                    3390                         Federal Register / Vol. 81, No. 13 / Thursday, January 21, 2016 / Notices

                                                    WSDOT can continue its operations                       I. Background and Authority                               ‘‘make such reports as are required by
                                                    under such a case.                                         Section 8a(10) of the Commodity                        the Commission by rule or regulation
                                                      9. This Authorization may be                          Exchange Act 1 (the ‘‘Act’’ or ‘‘CEA’’)                   regarding the transactions and positions
                                                    modified, suspended or withdrawn if                     provides that the Commission may                          . . .’’ of SDs and MSPs.9 Upon
                                                    the holder fails to abide by the                        authorize any person to perform any                       consideration, the Commission has
                                                    conditions prescribed herein or if NMFS                 portion of the registration functions                     determined to authorize NFA, to receive
                                                    determines that the authorized taking is                under the Act, notwithstanding any                        and review notices of swap valuation
                                                    having more than a negligible impact on                 other provision of law. The performance                   disputes, as specified in Regulation
                                                    the species or stock of affected marine                 of such functions shall be undertaken in                  23.502(c).10 Regulation 23.502(c)
                                                    mammals, or if there is an unmitigable                  accordance with rules adopted by such                     requires SDs and MSPs to notify the
                                                    adverse impact on the availability of                   person and approved by the                                Commission of swap valuation disputes
                                                    such species or stocks for subsistence                  Commission or reviewed by the                             in excess of $20 million U.S. dollars (or
                                                    uses.                                                   Commission pursuant to Section 17(j) of                   its equivalent in any other currency), if
                                                                                                            the Act.2                                                 not resolved within certain stated time
                                                      10. A copy of this Authorization must                    The purpose of the Act is explained                    frames. While those notices are
                                                    be in the possession of each contractor                 in CEA Section 3(a) 3 as serving the                      currently submitted directly to the
                                                    who performs the construction work at                   public interest ‘‘through a system of                     Commission, NFA is capable of
                                                    the Coupeville Ferry Terminal.                          effective self-regulation of . . . market                 receiving and reviewing those notices
                                                      Dated: January 14, 2016.                              participants and market professionals                     on the Commission’s behalf.
                                                    Perry Gayaldo,                                          under the oversight of the Commission.’’                     NFA Compliance Rule 2–49 is capable
                                                                                                            Section 17(o) of the Act 4 provides that                  of being used by NFA to collect notices
                                                    Deputy Director, Office of Protected
                                                                                                            the Commission may require NFA to                         of swap valuation disputes. That rule
                                                    Resources, National Marine Fisheries Service.
                                                                                                            perform Commission registration                           states:
                                                    [FR Doc. 2016–01107 Filed 1–20–16; 8:45 am]
                                                                                                            functions in accordance with the Act                        A Swap Dealer or Major Swap Participant
                                                    BILLING CODE 3510–22–P
                                                                                                            and NFA rules. The Commission has                         Member must promptly submit any reports,
                                                                                                            delegated to NFA the authority to                         documents or notices, including those
                                                                                                            conduct many functions previously                         required under CFTC Regulation 3.3 or Part
                                                                                                            conducted by the Commission. Such                         23 of the CFTC’s regulations, and any other
                                                    COMMODITY FUTURES TRADING                               delegated functions include: Processing                   supplemental information, to NFA and
                                                    COMMISSION                                              applications for registration of                          CFTC, as required by NFA, in the form and
                                                                                                                                                                      manner prescribed by NFA.
                                                                                                            intermediaries under the Act; 5
                                                    Performance of Certain Functions by                     reviewing disclosure documents, and                       Under this rule, NFA has already
                                                    the National Futures Association                        providing the Commission with related                     required SDs and MSPs to submit copies
                                                    Related to Notices of Swap Valuation                    summaries and periodic reports; 6 and                     of the Chief Compliance Officer annual
                                                    Disputes Filed by Swap Dealers and                      acting as the Commission’s official                       reports required under Regulation 3.3,11
                                                    Major Swap Participants                                 custodian of records.7 The Commission                     and periodic risk exposure reports
                                                                                                            has found that NFA exercises its                          required under Regulation
                                                    AGENCY:Commodity Futures Trading                        delegated authority with proficiency.8                    23.600(c)(2)(ii).12 Because notices of
                                                    Commission.                                             Authorizing NFA to perform such                           swap valuation disputes are also
                                                    ACTION:   Notice and order.                             functions allows the Commission to                        required under Part 23, NFA is able to
                                                                                                            devote resources to other aspects of its                  require SDs and MSPs to submit those
                                                    SUMMARY:   The Commodity Futures                        regulatory mission.                                       notices to NFA under Compliance Rule
                                                    Trading Commission (‘‘Commission’’) is                     CEA Section 4s(f)(1) authorizes the                    2–49.
                                                    authorizing the National Futures                        Commission to require SDs and MSPs to                       NFA has confirmed its willingness to
                                                    Association (‘‘NFA’’) to receive, review,                                                                         perform the functions described herein
                                                                                                              17   U.S.C. 12a(10) (2014).
                                                    maintain, and serve as the official                       27
                                                                                                                                                                      and Commission staff has made NFA
                                                                                                                   U.S.C. 21(j) (2014).
                                                    custodian of records for notices                           3 7 U.S.C. 5(a) (2014).
                                                                                                                                                                      staff aware of the requirements that
                                                    provided by swap dealers (‘‘SDs’’) and                     4 7 U.S.C. 21(o) (2014).                               shall apply to NFA in maintaining these
                                                    major swap participants (‘‘MSPs’’) of                      5 See, e.g., 48 FR 35158 (Aug. 3, 1983)                records. In particular, NFA, its officers,
                                                    swap valuation disputes in excess of                    (introducing brokers and associated persons               employees and agents shall ensure the
                                                                                                            thereof); 49 FR 39593 (Oct. 9, 1984) (futures             confidentiality of those nonpublic
                                                    $20 million U.S. dollars (or its                        commission merchants, commodity pool operators,
                                                    equivalent in any other currency), as                   commodity trading advisors, and associated persons
                                                                                                                                                                      portions of the Commission’s records
                                                    provided in Commission regulation                       thereof); 51 FR 34490 (Sep. 29, 1986) (floor brokers);    furnished to, compiled or maintained by
                                                    23.502(c).                                              58 FR 19657 (Apr. 15, 1993) (floor traders); and 77       NFA, including any reports generated
                                                                                                            FR 2708 (Jan. 19, 2012) (swap dealers and major           by NFA based on the swap valuation
                                                                                                            swap participants).
                                                    DATES:   Effective Date: March 1, 2016.                    6 See 62 FR 52088 (Oct. 6, 1997); 64 FR 29273          dispute notices received by NFA except
                                                                                                            (June 1, 1999).                                           as allowed by existing or future
                                                    FOR FURTHER INFORMATION CONTACT:   Erik                    7 See, e.g., 49 FR 39593 (Oct. 9, 1984) (regarding     Commission orders or regulations.13 In
                                                    F. Remmler, Deputy Director, 202–418–                   the registration records of future commission
                                                    7630, eremmler@cftc.gov, or Brian G.                    merchants, commodity pool operators, and                    97   U.S.C. 6s(f)(1) (2014).
asabaliauskas on DSK9F6TC42PROD with NOTICES




                                                    Mulherin, Associate Director, 202–418–                  commodity trading advisors); 66 FR 43227 (Aug. 17,          10 Commission     regulations referred to herein may
                                                                                                            2001) (regarding notice registration filings as futures
                                                    6622, bmulherin@cftc.gov, Division of                   commission merchants or introducing brokers); 67
                                                                                                                                                                      be found at 17 CFR Ch. I (2014).
                                                    Swap Dealer and Intermediary                            FR 77470 (Dec. 18, 2002) (regarding commodity
                                                                                                                                                                         11 See NFA Notice to Members I–14–22.
                                                                                                                                                                         12 See NFA Notice to Members I–14–20.
                                                    Oversight (‘‘DSIO’’), Commodity Futures                 pool operator annual financial reports required by
                                                    Trading Commission, Three Lafayette                     regulation 4.22 and 4.7(b)(3)); 75 FR 55310 (Sep. 10,        13 See Performance of Registration Functions by

                                                                                                            2010) (regarding the registration records of retail       National Futures Association, 49 FR 39593, 39596
                                                    Centre, 1155 21st Street NW.,                           foreign exchange dealers); and 77 FR 2708 (Jan. 19,       n.23 (Oct. 9, 1984) (‘‘In this regard, NFA shall take
                                                    Washington, DC 20581.                                   2012) (regarding registration records of swap             special precautions to protect any information
                                                                                                            dealers and major swap participants).                     which appears in these [ ] records but which, by
                                                    SUPPLEMENTARY INFORMATION:                                 8 See, e.g., 67 FR 77470 (Dec. 18, 2002).              its nature, is among the types of information



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                                                                                  Federal Register / Vol. 81, No. 13 / Thursday, January 21, 2016 / Notices                                                  3391

                                                    addition, NFA will maintain these                         be specified by the Commission or the                   Issued in Washington, DC, on January 14,
                                                    records in accordance with the                            Director of DSIO.                                     2016, by the Commission.
                                                    Commission’s Records Disposition                                                                                Christopher J. Kirkpatrick,
                                                    Schedule. Further, the work of the                        II. Conclusion and Order                              Secretary of the Commission.
                                                    Commission requires that Commission                          The Commission has determined, in                  [FR Doc. 2016–01051 Filed 1–20–16; 8:45 am]
                                                    staff have ready electronic access to the                 accordance with Sections 4s(f)(1), 8a(10)             BILLING CODE 6351–01–P
                                                    information contained in the documents                    and 17(o)(1) of the CEA, to authorize
                                                    encompassed by this Order.                                NFA to perform the following functions:
                                                    Commission staff will have electronic                                                                           COMMODITY FUTURES TRADING
                                                    access to a database containing the                          (1) To receive in the form and manner              COMMISSION
                                                    pertinent information contained in the                    prescribed by NFA, and conduct
                                                    subject filings. Moreover, NFA will                       reviews of, the notices of swap                       Agency Information Collection
                                                    make physical copies of any of the                        valuation disputes specified in                       Activities Under OMB Review
                                                    documents encompassed by this Order                       Regulation 23.502(c), as described
                                                                                                              above; and                                            AGENCY: Commodity Futures Trading
                                                    available to the Commission,
                                                                                                                                                                    Commission.
                                                    Commission staff, the Department of                          (2) To maintain and serve as the
                                                    Justice, the Securities and Exchange                                                                            ACTION: Notice.
                                                                                                              official custodian of those Commission
                                                    Commission, and all applicable                            records.                                              SUMMARY:    In compliance with the
                                                    prudential regulators promptly.                                                                                 Paperwork Reduction Act of 1995
                                                       In light of NFA’s experience in                           NFA shall perform these functions in
                                                                                                              accordance with the standards                         (‘‘PRA’’), this notice announces that the
                                                    receiving and reviewing disclosure                                                                              Information Collection Request (‘‘ICR’’)
                                                    documents on behalf of the                                established by the Act and the
                                                                                                              regulations and orders promulgated                    abstracted below has been forwarded to
                                                    Commission, the Commission has                                                                                  the Office of Management and Budget
                                                    determined to delegate to NFA the                         thereunder, and shall provide the
                                                                                                              Commission with such summaries and                    (‘‘OMB’’) for review and comment. The
                                                    responsibility to receive and review                                                                            ICR describes the nature of the
                                                    notices of swap valuation disputes                        periodic reports regarding those records
                                                                                                              and their contents as the Commission or               information collection and its expected
                                                    required to be filed pursuant to                                                                                costs and burden.
                                                    Regulation 23.502(c), to provide the                      the Director of DSIO may determine are
                                                                                                              necessary for the effective oversight of              DATES: Comments must be submitted on
                                                    Commission with such summaries and
                                                    periodic reports as the Commission,                       this program.                                         or before February 22, 2016.
                                                    through the Director of DSIO, may                                                                               ADDRESSES: Comments regarding the
                                                                                                                 These determinations are based, in
                                                    determine are necessary for the effective                                                                       burden estimated or any other aspect of
                                                                                                              part, on the Commission’s authority to                the information collection, including
                                                    oversight of SDs and MSPs, and to                         delegate to NFA portions of the
                                                    maintain and serve as the official                                                                              suggestions for reducing the burden,
                                                                                                              Commission’s responsibilities under the               may be submitted directly to the Office
                                                    custodian of records for those                            CEA, in furtherance of carrying out
                                                    documents. This determination is based                                                                          of Information and Regulatory Affairs
                                                                                                              these responsibilities in the most                    (‘‘OIRA’’) in OMB, within 30 days of the
                                                    upon NFA’s representations regarding                      efficient and cost-effective manner, and
                                                    procedures for maintaining and                                                                                  notice’s publication, by email at
                                                                                                              upon NFA’s representations concerning                 OIRAsubmissions@omb.eop.gov. Please
                                                    safeguarding all such records. In                         the standards and procedures to be
                                                    maintaining the Commission’s records                                                                            identify the comments by OMB Control
                                                                                                              followed and the reports to be generated              No. 3038–0080. Please provide the
                                                    pursuant to this Order, NFA shall be                      in administering these functions.
                                                    subject to all other requirements and                                                                           Commodity Futures Trading
                                                    obligations imposed on it by the                             This Order does not, however,                      Commission (‘‘CFTC’’ or
                                                    Commission in existing or future orders                   authorize NFA to render ‘‘no-action’’                 ‘‘Commission’’) with a copy of all
                                                    or regulations. In this regard, NFA shall                 positions, exemptions or interpretations              submitted comments at the address
                                                    also implement such additional                            with respect to applicable disclosure,                listed below. Please refer to OMB
                                                    procedures (or modify existing                            reporting, recordkeeping and                          Reference No. 3038–0080, found on
                                                    procedures) as are acceptable to the                      registration requirements.                            http://reginfo.gov. Comments may also
                                                    Commission and as are necessary and                          Nothing in this Order or in CEA                    be mailed to the Office of Information
                                                    acceptable to the Commission to                           Sections 8a(10) or 17(o) shall affect the             and Regulatory Affairs, Office of
                                                    accomplish the following: Ensure the                      Commission’s authority to review NFA’s                Management and Budget, Attention:
                                                    security and integrity of the records in                  performance of Commission functions                   Desk Officer for the Commodity Futures
                                                    NFA’s custody; facilitate prompt access                   listed above.                                         Trading Commission, 725 17th Street
                                                    to those records by the Commission and                                                                          NW., Washington, DC 20503, or through
                                                                                                                 NFA is authorized to perform all                   the Agency’s Web site at http://
                                                    its staff, particularly as described in                   functions specified herein until such
                                                    other Commission orders or rules;                                                                               comments.cftc.gov. Follow the
                                                                                                              time as the Commission orders                         instructions for submitting comments
                                                    facilitate disclosure of public or                        otherwise. Nothing in this Order shall
                                                    nonpublic information in those records                                                                          through the Web site.
                                                                                                              prevent the Commission from exercising                   Comments may also be mailed to:
                                                    when permitted by Commission orders
                                                                                                              the authority delegated herein. NFA                   Christopher Kirkpatrick, Secretary of the
                                                    or rules and keep logs as required by the
                                                                                                              may submit to the Commission for                      Commission, Commodity Futures
asabaliauskas on DSK9F6TC42PROD with NOTICES




                                                    Commission concerning disclosure of
                                                                                                              decision any specific matter regarding                Trading Commission, Three Lafayette
                                                    nonpublic information; and otherwise
                                                                                                              the functions delegated to it, and                    Centre, 1155 21st Street NW.,
                                                    safeguard the confidentiality of the
                                                                                                              Commission staff will be available to                 Washington, DC 20581 or by Hand
                                                    records. NFA shall also make such
                                                                                                              discuss with NFA staff issues relating to             Delivery/Courier at the same address.
                                                    reports regarding those notices as shall
                                                                                                              the implementation of this Order.                        A copy of the supporting statements
                                                    described in sections 8(a), 8(e), and 8a(6) of the Act,
                                                                                                              Nothing in this Order affects the                     for the collection of information
                                                    so that any such information will not be disclosed        applicability of any previous Orders                  discussed above may be obtained by
                                                    inadvertently or without authority.’’).                   issued by the Commission.                             visiting http://reginfo.gov. All


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Document Created: 2018-02-02 12:34:05
Document Modified: 2018-02-02 12:34:05
CategoryRegulatory Information
CollectionFederal Register
sudoc ClassAE 2.7:
GS 4.107:
AE 2.106:
PublisherOffice of the Federal Register, National Archives and Records Administration
SectionNotices
ActionNotice and order.
DatesEffective Date: March 1, 2016.
ContactErik F. Remmler, Deputy Director, 202- 418-7630, [email protected], or Brian G. Mulherin, Associate Director, 202-418-6622, [email protected], Division of Swap Dealer and Intermediary Oversight (``DSIO''), Commodity Futures Trading Commission, Three Lafayette Centre, 1155 21st Street NW., Washington, DC 20581.
FR Citation81 FR 3390 

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