81 FR 38689 - Agency Information Collection Activities: Notice of Intent To Renew Collection 3038-0099, Process for a Swap Execution Facility or Designated Contract Market To Make a Swap Available To Trade
COMMODITY FUTURES TRADING COMMISSION Federal Register Volume 81, Issue 114 (June 14, 2016)
Federal Register Volume 81, Issue 114 (June 14, 2016)
| Page Range | 38689-38690 | |
| FR Document | 2016-14029 |
[Federal Register Volume 81, Number 114 (Tuesday, June 14, 2016)] [Notices] [Pages 38689-38690] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2016-14029] ======================================================================= ----------------------------------------------------------------------- COMMODITY FUTURES TRADING COMMISSION Agency Information Collection Activities: Notice of Intent To Renew Collection 3038-0099, Process for a Swap Execution Facility or Designated Contract Market To Make a Swap Available To Trade AGENCY: Commodity Futures Trading Commission. ACTION: Notice. ----------------------------------------------------------------------- SUMMARY: The Commodity Futures Trading Commission (CFTC) is announcing an opportunity for public comment on the proposed collection of certain information by the agency. Under the Paperwork Reduction Act (``PRA''), Federal agencies are required to publish notice in the Federal Register concerning each proposed collection of information and to allow 60 days for public comment. This notice solicits comments on the process for a designated contract market (DCM) or a swap execution facility (SEF) to make a swap available to trade and therefore subject to the trade execution requirement pursuant to the Commodity Exchange Act (``CEA''). This process imposes rule filing requirements on a DCM or a SEF that wishes to submit a swap as available to trade. DATES: Comments must be submitted on or before August 15, 2016. ADDRESSES: You may submit comments, identified by ``Renewal of Collection Pertaining to Process for a Swap Execution Facility or Designated Contract Market to Make a Swap Available to Trade'' by any of the following methods:The Agency's Web site, at http://comments.cftc.gov/. Follow the instructions for submitting comments through the Web site. Mail: Christopher Kirkpatrick, Secretary of the Commission, Commodity Futures Trading Commission, Three Lafayette Centre, 1155 21st Street NW., Washington, DC 20581. Hand Delivery/Courier: Same as Mail above. Federal eRulemaking Portal: http://www.regulations.gov/. Follow the instructions for submitting comments through the Portal. Please submit your comments using only one method. FOR FURTHER INFORMATION CONTACT: Roger Smith, Special Counsel, Division of Market Oversight, Commodity Futures Trading Commission, (202) 418- 5344; email: [email protected], and refer to OMB Control No. 3038-0099. SUPPLEMENTARY INFORMATION: Under the PRA, Federal agencies must obtain approval from the Office of Management and Budget (OMB) for each collection of information they conduct or sponsor. ``Collection of Information'' is defined in 44 U.S.C. 3502(3) and 5 CFR 1320.3 and includes agency requests or requirements that members of the public submit reports, keep records, or provide information to a third party. Section 3506(c)(2)(A) of the PRA, 44 U.S.C. 3506(c)(2)(A), requires Federal agencies to provide a 60-day notice in the Federal Register concerning each proposed collection of information before submitting the collection to OMB for approval. To comply with this requirement, the CFTC is publishing notice of the proposed collection of information listed below. Title: Process for a Swap Execution Facility or Designated Contract Market to Make a Swap Available to Trade (OMB Control No. 3038-0099). This is a request for extension of a currently approved information collection. Abstract: The collection of information is needed to help determine which swaps should be subject to the trade execution requirement under section 2(h)(8) of the Commodity Exchange Act pursuant to Section 723 of [[Page 38690]] the Dodd-Frank Wall Street Reform and Consumer Protection Act. A SEF or DCM that submits a determination that a swap is available to trade must address at least one of several factors to demonstrate that the swap is suitable for trading pursuant to the trade execution requirement. The Commission uses the collection of information to facilitate the application of the trade execution requirement and the requirements associated with methods of execution under parts 37 and 38 of the Commission's regulations. With respect to the collection of information, the CFTC invites comments on: Whether the proposed collection of information is necessary for the proper performance of the functions of the Commission, including whether the information will have a practical use; The accuracy of the Commission's estimate of the burden of the proposed collection of information, including the validity of the methodology and assumptions used; Ways to enhance the quality, usefulness, and clarity of the information to be collected; and Ways to minimize the burden of collection of information on those who are to respond, including through the use of appropriate automated electronic, mechanical, or other technological collection techniques or other forms of information technology; e.g., permitting electronic submission of responses. All comments must be submitted in English, or if not, accompanied by an English translation. Comments will be posted as received to http://www.cftc.gov. You should submit only information that you wish to make available publicly. If you wish the Commission to consider information that you believe is exempt from disclosure under the Freedom of Information Act, a petition for confidential treatment of the exempt information may be submitted according to the procedures established in Sec. 145.9 of the Commission's regulations.\1\ --------------------------------------------------------------------------- \1\ 17 CFR 145.9. --------------------------------------------------------------------------- The Commission reserves the right, but shall have no obligation, to review, pre-screen, filter, redact, refuse or remove any or all of your submission from http://www.cftc.gov that it may deem to be inappropriate for publication, such as obscene language. All submissions that have been redacted or removed that contain comments on the merits of the Information Collection Request will be retained in the public comment file and will be considered as required under the Administrative Procedure Act and other applicable laws, and may be accessible under the Freedom of Information Act. Burden Statement: Sections 37.10 and 38.12 of the Commission's regulations result in information collection requirements within the meaning of the PRA. This regulation permits a SEF or DCM to submit a determination that a swap is available to trade to the Commission via filing procedures set forth in part 40 of the Commission's regulations. The Commission estimates the burden of reviewing the prescribed factors and data to make a determination for this collection to be 16 hours per response. Respondents/Affected Entities: SEFs, DCMs. Estimated number of respondents: 5.\2\ --------------------------------------------------------------------------- \2\ The CFTC had estimated 50 respondents, i.e., registered entities, that would file determinations with the CFTC. 78 FR 33618. The CFTC is revising this estimated number of respondents based on the number of determinations that have been filed since the effective date of the rule. In the fall of 2013, four SEFs and one DCM self-certified rules, pursuant to Sec. 40.6 filing procedures, based upon each SEF's or DCM's respective determinations that certain credit default swaps (``CDS'') and interest rate swap contracts (``IRS'') were made available to trade. --------------------------------------------------------------------------- Estimated total annual burden on respondents: 80 hours. Frequency of collection: On occasion. Authority: 44 U.S.C. 3501 et seq. Dated: June 9, 2016. Robert N. Sidman, Deputy Secretary of the Commission. [FR Doc. 2016-14029 Filed 6-13-16; 8:45 am] BILLING CODE 6351-01-P
![Federal Register / Vol. 81, No. 114 / Tuesday, June 14, 2016 / Notices 38689
Response: NMFS has updated the Department of Commerce re-chartered DCM or a SEF that wishes to submit a
Habitat Concerns section of the final the CSMAC on March 3, 2015, for a two- swap as available to trade.
2015 Western Arctic bowhead whale year period. More information about the DATES: Comments must be submitted on
SAR with a reference to Blackwell et CSMAC may be found at http://www. or before August 15, 2016.
al.’s (2015) study. ntia.doc.gov/category/csmac. ADDRESSES: You may submit comments,
Dated: June 9, 2016.
On March 29, 2016, NTIA published identified by ‘‘Renewal of Collection
a Notice in the Federal Register seeking Pertaining to Process for a Swap
Donna S. Wieting,
nominations for appointment to the Execution Facility or Designated
Director, Office of Protected Resources, CSMAC. See Commerce Spectrum
National Marine Fisheries Service. Contract Market to Make a Swap
Management Advisory Committee; Call Available to Trade’’ by any of the
[FR Doc. 2016–14015 Filed 6–13–16; 8:45 am] for Applications, 81 FR 17446 (March
following methods:
BILLING CODE 3510–22–P 29, 2016), available at http://www.ntia. • The Agency’s Web site, at http://
doc.gov/files/ntia/publications/fr_ comments.cftc.gov/. Follow the
csmac_applications_call_03292016.pdf. instructions for submitting comments
DEPARTMENT OF COMMERCE The original application deadline was through the Web site.
May 13, 2016. • Mail: Christopher Kirkpatrick,
National Telecommunications and
Through this Notice, NTIA is
Information Administration Secretary of the Commission,
reopening the application window for
Commodity Futures Trading
Commerce Spectrum Management 10 days to expand the pool of applicants
Commission, Three Lafayette Centre,
Advisory Committee and best ensure the composition of the
1155 21st Street NW., Washington, DC
committee reflects balanced points of
AGENCY: National Telecommunications 20581.
view (e.g., past professional or academic • Hand Delivery/Courier: Same as
and Information Administration, U.S. accomplishments, industry sector
Mail above.
Department of Commerce. representation, and educational • Federal eRulemaking Portal: http://
ACTION: Notice; reopening of application background). All other requirements for www.regulations.gov/. Follow the
window for Advisory Committee appointment to the CSMAC appear in instructions for submitting comments
nominations. the SUPPLEMENTARY INFORMATION section through the Portal.
of the March 29, 2016, Notice. Please submit your comments using
SUMMARY: Through this Notice, the
Dated: June 8, 2016. only one method.
National Telecommunications and
Kathy D. Smith, FOR FURTHER INFORMATION CONTACT:
Information Administration (NTIA) is
reopening an application window for Chief Counsel, National Telecommunications Roger Smith, Special Counsel, Division
and Information Administration. of Market Oversight, Commodity
nominations to the Commerce Spectrum
Management Advisory Committee [FR Doc. 2016–13971 Filed 6–13–16; 8:45 am] Futures Trading Commission, (202)
(CSMAC). On March 29, 2016, NTIA BILLING CODE 3510–10–P 418–5344; email: rsmith@cftc.gov, and
published a Notice seeking nominations refer to OMB Control No. 3038–0099.
to the CSMAC with a deadline of May SUPPLEMENTARY INFORMATION: Under the
13, 2016. In reopening this application COMMODITY FUTURES TRADING PRA, Federal agencies must obtain
window, NTIA seeks to expand the pool COMMISSION approval from the Office of Management
of applicants and best ensure the and Budget (OMB) for each collection of
Agency Information Collection information they conduct or sponsor.
composition of the committee reflects
Activities: Notice of Intent To Renew ‘‘Collection of Information’’ is defined
balanced points of view.
Collection 3038–0099, Process for a in 44 U.S.C. 3502(3) and 5 CFR 1320.3
DATES: Applications must be
Swap Execution Facility or Designated and includes agency requests or
postmarked or electronically Contract Market To Make a Swap
transmitted to the address below on or requirements that members of the public
Available To Trade submit reports, keep records, or provide
before June 24, 2016.
ADDRESSES: Persons may submit AGENCY: Commodity Futures Trading information to a third party. Section
applications to David J. Reed, Commission. 3506(c)(2)(A) of the PRA, 44 U.S.C.
Designated Federal Officer, by email to ACTION: Notice. 3506(c)(2)(A), requires Federal agencies
dreed@ntia.doc.gov or by U.S. mail or to provide a 60-day notice in the
SUMMARY: The Commodity Futures Federal Register concerning each
commercial delivery service to Office of
Trading Commission (CFTC) is proposed collection of information
Spectrum Management, National
announcing an opportunity for public before submitting the collection to OMB
Telecommunications and Information
comment on the proposed collection of for approval. To comply with this
Administration, 1401 Constitution
certain information by the agency. requirement, the CFTC is publishing
Avenue NW., Room 4600, Washington,
Under the Paperwork Reduction Act notice of the proposed collection of
DC 20230.
(‘‘PRA’’), Federal agencies are required information listed below.
FOR FURTHER INFORMATION CONTACT: to publish notice in the Federal Register Title: Process for a Swap Execution
David J. Reed at (202) 482–5955 or concerning each proposed collection of Facility or Designated Contract Market
dreed@ntia.doc.gov. information and to allow 60 days for to Make a Swap Available to Trade
SUPPLEMENTARY INFORMATION: The public comment. This notice solicits (OMB Control No. 3038–0099). This is
CSMAC was established and chartered comments on the process for a a request for extension of a currently
srobinson on DSK5SPTVN1PROD with NOTICES
by the Department of Commerce under designated contract market (DCM) or a approved information collection.
the Federal Advisory Committee Act swap execution facility (SEF) to make a Abstract: The collection of
(FACA), 5 U.S.C. App. 2, and pursuant swap available to trade and therefore information is needed to help determine
to Section 105(b) of the National subject to the trade execution which swaps should be subject to the
Telecommunications and Information requirement pursuant to the Commodity trade execution requirement under
Administration Organization Act, as Exchange Act (‘‘CEA’’). This process section 2(h)(8) of the Commodity
amended, 47 U.S.C. 904(b). The imposes rule filing requirements on a Exchange Act pursuant to Section 723 of
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![38690 Federal Register / Vol. 81, No. 114 / Tuesday, June 14, 2016 / Notices
the Dodd-Frank Wall Street Reform and laws, and may be accessible under the ADDRESSES: You may submit comments,
Consumer Protection Act. A SEF or Freedom of Information Act. identified by the title of the information
DCM that submits a determination that Burden Statement: Sections 37.10 and collection, OMB Control Number (see
a swap is available to trade must 38.12 of the Commission’s regulations below), and docket number (see above),
address at least one of several factors to result in information collection by any of the following methods:
demonstrate that the swap is suitable for requirements within the meaning of the • Electronic: http://
trading pursuant to the trade execution PRA. This regulation permits a SEF or www.regulations.gov. Follow the
requirement. The Commission uses the DCM to submit a determination that a instructions for submitting comments.
collection of information to facilitate the swap is available to trade to the • OMB: Office of Management and
application of the trade execution Commission via filing procedures set Budget, New Executive Office Building,
requirement and the requirements forth in part 40 of the Commission’s Room 10235, Washington, DC 20503 or
associated with methods of execution regulations. The Commission estimates fax to (202) 395–5806. Mailed or faxed
under parts 37 and 38 of the the burden of reviewing the prescribed comments to OMB should be to the
Commission’s regulations. With respect factors and data to make a attention of the OMB Desk Officer for
to the collection of information, the determination for this collection to be the Bureau of Consumer Financial
CFTC invites comments on: 16 hours per response. Protection. Please note that comments
• Whether the proposed collection of Respondents/Affected Entities: SEFs, submitted after the comment period will
information is necessary for the proper DCMs. not be accepted. In general, all
performance of the functions of the Estimated number of respondents: 5.2 comments received will become public
Commission, including whether the Estimated total annual burden on records, including any personal
information will have a practical use; respondents: 80 hours. information provided. Sensitive
• The accuracy of the Commission’s Frequency of collection: On occasion. personal information, such as account
estimate of the burden of the proposed Authority: 44 U.S.C. 3501 et seq. numbers or social security numbers,
collection of information, including the should not be included.
Dated: June 9, 2016.
validity of the methodology and FOR FURTHER INFORMATION CONTACT:
assumptions used; Robert N. Sidman,
Documentation prepared in support of
• Ways to enhance the quality, Deputy Secretary of the Commission. this information collection request is
usefulness, and clarity of the [FR Doc. 2016–14029 Filed 6–13–16; 8:45 am] available at www.reginfo.gov (this link
information to be collected; and BILLING CODE 6351–01–P active on the day following publication
• Ways to minimize the burden of of this notice). Select ‘‘Information
collection of information on those who Collection Review,’’ under ‘‘Currently
are to respond, including through the BUREAU OF CONSUMER FINANCIAL under review, use the dropdown menu
use of appropriate automated electronic, PROTECTION ‘‘Select Agency’’ and select ‘‘Consumer
mechanical, or other technological [Docket No: CFPB–2016–0030] Financial Protection Bureau’’ (recent
collection techniques or other forms of submissions to OMB will be at the top
information technology; e.g., permitting Agency Information Collection of the list). The same documentation is
electronic submission of responses. Activities: Submission for OMB also available at http://
All comments must be submitted in Review; Comment Request www.regulations.gov. Requests for
English, or if not, accompanied by an additional information should be
English translation. Comments will be AGENCY: Bureau of Consumer Financial directed to the Consumer Financial
posted as received to http:// Protection. Protection Bureau (Attention: PRA
www.cftc.gov. You should submit only ACTION: Notice and request for comment. Office), 1700 G Street NW., Washington,
information that you wish to make DC 20552, (202) 435–9575, or email:
available publicly. If you wish the SUMMARY: In accordance with the CFPB_PRA@cfpb.gov. Please do not
Commission to consider information Paperwork Reduction Act of 1995 submit comments to this email box.
that you believe is exempt from (PRA), the Bureau of Consumer
SUPPLEMENTARY INFORMATION:
disclosure under the Freedom of Financial Protection (Bureau) is
Title of Collection: Generic
Information Act, a petition for requesting to renew the Office of
Information Collection Plan for the
confidential treatment of the exempt Management and Budget (OMB)
Office of Intergovernmental Affairs
information may be submitted according approval for an existing information
Outreach Activities.
to the procedures established in § 145.9 collection titled, ‘‘Generic Information OMB Control Number: 3170–0041.
of the Commission’s regulations.1 Collection Plan for the Office of Type of Review: Extension without
The Commission reserves the right, Intergovernmental Affairs Outreach change of a currently approve
but shall have no obligation, to review, Activities.’’ collection.
pre-screen, filter, redact, refuse or DATES: Written comments are Affected Public: State, local, or Tribal
remove any or all of your submission encouraged and must be received on or governments.
from http://www.cftc.gov that it may before July 14, 2016 to be assured of Estimated Number of Annual
deem to be inappropriate for consideration. Respondents: 400.
publication, such as obscene language. Estimated Total Annual Burden
All submissions that have been redacted 2 The CFTC had estimated 50 respondents, i.e., Hours: 3,200.
or removed that contain comments on registered entities, that would file determinations Abstract: The Office of
srobinson on DSK5SPTVN1PROD with NOTICES
the merits of the Information Collection with the CFTC. 78 FR 33618. The CFTC is revising
this estimated number of respondents based on the
Intergovernmental Affairs (IGA) at the
Request will be retained in the public number of determinations that have been filed since Bureau requests OMB’s approval for an
comment file and will be considered as the effective date of the rule. In the fall of 2013, four extension without change this generic
required under the Administrative SEFs and one DCM self-certified rules, pursuant to information collection plan (GICP) in
Procedure Act and other applicable § 40.6 filing procedures, based upon each SEF’s or
DCM’s respective determinations that certain credit
order to collect information from State,
default swaps (‘‘CDS’’) and interest rate swap local, and tribal governments. These
1 17 CFR 145.9. contracts (‘‘IRS’’) were made available to trade. governments interact closely with
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Document Created: 2016-06-14 02:58:32
Document Modified: 2016-06-14 02:58:32
| 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 August 15, 2016. | |
| Contact | Roger Smith, Special Counsel, Division of Market Oversight, Commodity Futures Trading Commission, (202) 418- 5344; email: [email protected], and refer to OMB Control No. 3038-0099. | |
| FR Citation | 81 FR 38689 |
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