81 FR 42667 - Agency Information Collection Activities: Notice of Intent To Renew Collection 3038-0102, Clearing Exemption for Certain Swaps Entered Into by Cooperatives

COMMODITY FUTURES TRADING COMMISSION

Federal Register Volume 81, Issue 126 (June 30, 2016)

Page Range		42667-42668
FR Document		2016-15473

The Commodity Futures Trading Commission (``CFTC'' or ``Commission'') is announcing an opportunity for public comment on the proposed collection renewal 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 reporting requirements related to Commission regulation 50.51, which permits certain cooperatives to elect not to clear certain swaps that otherwise would be required to be cleared, provided that they meet certain conditions.

Federal Register, Volume 81 Issue 126 (Thursday, June 30, 2016)

[Federal Register Volume 81, Number 126 (Thursday, June 30, 2016)]
[Notices]
[Pages 42667-42668]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-15473]


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COMMODITY FUTURES TRADING COMMISSION


Agency Information Collection Activities: Notice of Intent To 
Renew Collection 3038-0102, Clearing Exemption for Certain Swaps 
Entered Into by Cooperatives

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 collection renewal 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 reporting requirements related to 
Commission regulation 50.51, which permits certain cooperatives to 
elect not to clear certain swaps that otherwise would be required to be 
cleared, provided that they meet certain conditions.

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

ADDRESSES: You may submit comments, identified by ``Clearing Exemption 
for Certain Swaps Entered into by Cooperatives,'' or OMB Control No. 
3038-0102, by any of the following methods:
     The Commission'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: Melissa A. D'Arcy, Special Counsel, 
Division of Clearing and Risk, Commodity Futures Trading Commission, 
Three Lafayette Centre, 1155 21st Street NW., Washington, DC 20581; 
(202) 418-5086; email: [email protected].

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: Clearing Exemption for Certain Swaps Entered into by 
Cooperatives (OMB Control No. 3038-0102). This is a request for an 
extension of a currently approved information collection.
    Abstract: Section 2(h)(1)(A) of the Commodity Exchange Act requires 
certain entities to submit for clearing

[[Page 42668]]

certain swaps if they are required to be cleared by the Commission. 
Commission regulation 50.51 permits certain cooperatives to elect not 
to clear certain swaps that otherwise would be required to be cleared, 
provided that they meet certain conditions. The rule further requires 
the reporting of certain information if the exemption for cooperatives 
is elected. This collection pertains to information the Commission 
needs to monitor use of the exemption and assess market risk in 
connection therewith.
    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.\1\
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    \1\ 17 CFR 145.9.
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    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 update the estimated number of 
respondents and the estimated burden hours. The respondent burden for 
this collection is estimated to be as follows:
    Respondents/Affected Entities: Parties electing the cooperative 
exemption under Commission regulation 50.51.
    Estimated number of respondents: 25.
    Estimated average burden hours per Respondent: 1 hour.
    Estimated total annual burden hours on respondents: 25 hours.
    Frequency of collection: Annually; on occasion.
    There are no capital costs or operating and maintenance costs 
associated with this collection.

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

    Dated: June 24, 2016.
Robert N. Sidman,
Deputy Secretary of the Commission.
[FR Doc. 2016-15473 Filed 6-29-16; 8:45 am]
BILLING CODE 6351-01-P

Federal Register / Vol. 81, No. 126 / Thursday, June 30, 2016 / Notices 42667

minutes; attachment of gillnet tags: 1 trap tags through the Greater Atlantic DATES: Comments must be submitted on
minute; initial lobster area designations: region permit office. or before August 29, 2016.
5 minutes; requests for additional tags: Lastly, vessel owners that own ADDRESSES: You may submit comments,
2 minutes; and notification of lost tags: multiple vessels, but would like to identified by ‘‘Clearing Exemption for
3 minutes; requests for state quota request communication from NMFS be Certain Swaps Entered into by
transfers in the bluefish, summer consolidated into one mailing (and not Cooperatives,’’ or OMB Control No.
flounder and scup fisheries: 1 hour; separate mailings for each vessel), may 3038–0102, by any of the following
GOM cod trip limit exemption: 5 request the single letter vessel owner methods:
minutes; vessel owner single letter option to improve efficiency of their • The Commission’s Web site, at
option: 5 minutes. business practice. http://comments.cftc.gov/. Follow the
Burden Hours: 18,125. Affected Public: Business or other for- instructions for submitting comments
Needs and Uses: This request is for profit organizations; individuals or through the Web site.
extension of a current information households; state, local or tribal • Mail: Christopher Kirkpatrick,
collection. governments. Secretary of the Commission,
Under the Magnuson-Stevens Fishery Frequency: On occasion, weekly, Commodity Futures Trading
Conservation and Management Act, the monthly, annual and every three years. Commission, Three Lafayette Centre,
Secretary of Commerce has the Respondent’s Obligation: Mandatory. 1155 21st Street NW., Washington, DC
responsibility for the conservation and This information collection request 20581.
management of marine fishery may be viewed at reginfo.gov. Follow • Hand Delivery/Courier: Same as
resources. Much of this responsibility the instructions to view Department of Mail above.
has been delegated to NOAA’s National Commerce collections currently under • Federal eRulemaking Portal: http://
Marine Fisheries Service (NMFS). review by OMB. www.regulations.gov/. Follow the
Under this stewardship role, the Written comments and instructions for submitting comments
Secretary was given certain regulatory recommendations for the proposed through the Portal.
authorities to ensure the most beneficial information collection should be sent Please submit your comments using
uses of these resources. One of the within 30 days of publication of this only one method.
regulatory steps taken to carry out the notice to All comments must be submitted in
conservation and management OIRA_Submission@omb.eop.gov or fax English, or if not, accompanied by an
objectives is to collect information from to (202) 395–5806. English translation. Comments will be
users of the resources. posted as received to http://
Dated: June 27, 2016.
The Secretary has enacted rules to www.cftc.gov.
Sarah Brabson,
issue permits to individuals and NOAA PRA Clearance Officer. FOR FURTHER INFORMATION CONTACT:
organizations participating in federally Melissa A. D’Arcy, Special Counsel,
[FR Doc. 2016–15522 Filed 6–29–16; 8:45 am]
controlled fisheries. Permits are Division of Clearing and Risk,
BILLING CODE 3510–22–P
necessary to: (1) Register fishermen, Commodity Futures Trading
fishing vessels, fish dealers and Commission, Three Lafayette Centre,
processors; (2) list the characteristics of 1155 21st Street NW., Washington, DC
fishing vessels and/or dealer/processor COMMODITY FUTURES TRADING 20581; (202) 418–5086; email: mdarcy@
operations; (3) exercise influence over COMMISSION cftc.gov.
compliance (e.g., withhold issuance SUPPLEMENTARY INFORMATION: Under the
Agency Information Collection
pending collection of unpaid penalties); PRA, Federal agencies must obtain
Activities: Notice of Intent To Renew
(4) maintain contact lists for the approval from the Office of Management
Collection 3038–0102, Clearing
dissemination of important information and Budget (‘‘OMB’’) for each collection
Exemption for Certain Swaps Entered
to the industry; (5) register participants of information they conduct or sponsor.
Into by Cooperatives
to be considered for limited entry; and ‘‘Collection of Information’’ is defined
(6) provide a universe for data collection AGENCY: Commodity Futures Trading in 44 U.S.C. 3502(3) and 5 CFR 1320.3
samples. Identification of fishery Commission. and includes agency requests or
participants, their gear types, vessels, ACTION: Notice. requirements that members of the public
and expected activity levels is an submit reports, keep records, or provide
effective and necessary tool in the SUMMARY: The Commodity Futures information to a third party. Section
enforcement of fishery regulations. Trading Commission (‘‘CFTC’’ or 3506(c)(2)(A) of the PRA, 44 U.S.C.
This collection also includes the ‘‘Commission’’) is announcing an 3506(c)(2)(A), requires Federal agencies
requirement for participants in certain opportunity for public comment on the to provide a 60-day notice in the
fisheries to use onboard vessel proposed collection renewal of certain Federal Register concerning each
monitoring systems (VMS) and to notify information by the agency. Under the proposed collection of information
NMFS before fishing trips for the Paperwork Reduction Act (‘‘PRA’’), before submitting the collection to OMB
purpose of observer placement. Other Federal agencies are required to publish for approval. To comply with this
permitting in this collection includes notice in the Federal Register requirement, the CFTC is publishing
the written request to participate in any concerning each proposed collection of notice of the proposed collection of
of the various exemption programs information and to allow 60 days for information listed below.
offered in the Greater Atlantic region. public comment. This notice solicits Title: Clearing Exemption for Certain
mstockstill on DSK3G9T082PROD with NOTICES

Exemption programs may allow a vessel comments on the reporting Swaps Entered into by Cooperatives
to fish in an area that is limited to requirements related to Commission (OMB Control No. 3038–0102). This is
vessels of a particular size, using a regulation 50.51, which permits certain a request for an extension of a currently
certain gear type, or fishing for a cooperatives to elect not to clear certain approved information collection.
particular species. This collection also swaps that otherwise would be required Abstract: Section 2(h)(1)(A) of the
contains paperwork required for vessel to be cleared, provided that they meet Commodity Exchange Act requires
owners to request gillnet and lobster certain conditions. certain entities to submit for clearing

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42668 Federal Register / Vol. 81, No. 126 / Thursday, June 30, 2016 / Notices

certain swaps if they are required to be number of respondents and the • The Agency’s Web site, at http://
cleared by the Commission. estimated burden hours. The respondent comments.cftc.gov/. Follow the
Commission regulation 50.51 permits burden for this collection is estimated to instructions for submitting comments
certain cooperatives to elect not to clear be as follows: through the Web site.
certain swaps that otherwise would be Respondents/Affected Entities: Parties • Mail: Christopher Kirkpatrick,
required to be cleared, provided that electing the cooperative exemption Secretary of the Commission,
they meet certain conditions. The rule under Commission regulation 50.51. Commodity Futures Trading
further requires the reporting of certain Estimated number of respondents: 25. Commission, Three Lafayette Centre,
information if the exemption for Estimated average burden hours per 1155 21st Street NW., Washington, DC
cooperatives is elected. This collection Respondent: 1 hour. 20581.
pertains to information the Commission Estimated total annual burden hours • Hand Delivery/Courier: Same as
needs to monitor use of the exemption on respondents: 25 hours. Mail above.
and assess market risk in connection Frequency of collection: Annually; on • Federal eRulemaking Portal: http://
therewith. occasion. www.regulations.gov/. Follow the
With respect to the collection of There are no capital costs or operating
instructions for submitting comments
information, the CFTC invites and maintenance costs associated with
through the Portal.
comments on: this collection.
Please submit your comments using
• Whether the proposed collection of Authority: 44 U.S.C. 3501 et seq. only one method.
information is necessary for the proper Dated: June 24, 2016. FOR FURTHER INFORMATION CONTACT:
performance of the functions of the Robert N. Sidman, Amanda Olear, Associate Director,
Commission, including whether the Deputy Secretary of the Commission. Division of Swap Dealer and
information will have a practical use; Intermediary Oversight, Commodity
[FR Doc. 2016–15473 Filed 6–29–16; 8:45 am]
• The accuracy of the Commission’s Futures Trading Commission, 1155 21st
BILLING CODE 6351–01–P
estimate of the burden of the proposed St. NW., Washington, DC 20581, (202)
collection of information, including the 418–5283; email: aolear@cftc.gov, and
validity of the methodology and refer to OMB Control No. 3038–0005.
COMMODITY FUTURES TRADING
assumptions used;
• Ways to enhance the quality, COMMISSION SUPPLEMENTARY INFORMATION: Under the
usefulness, and clarity of the PRA, Federal agencies must obtain
Agency Information Collection approval from the Office of Management
information to be collected; and Activities: Notice of Intent To Renew
• Ways to minimize the burden of and Budget (‘‘OMB’’) for each collection
Collection 3038–0005, Rules Relating of information they conduct or sponsor.
collection of information on those who to the Operations and Activities of
are to respond, including through the ‘‘Collection of Information’’ is defined
Commodity Pool Operators and in 44 U.S.C. 3502(3) and 5 CFR 1320.3
use of appropriate automated electronic, Commodity Trading Advisors and to
mechanical, or other technological and includes agency requests or
Monthly Reporting by Futures requirements that members of the public
collection techniques or other forms of Commission Merchants
information technology; e.g., permitting submit reports, keep records, or provide
electronic submission of responses. AGENCY: Commodity Futures Trading information to a third party. Section
You should submit only information Commission. 3506(c)(2)(A) of the PRA, 44 U.S.C.
that you wish to make available ACTION: Notice. 3506(c)(2)(A), requires Federal agencies
publicly. If you wish the Commission to to provide a 60-day notice in the
consider information that you believe is SUMMARY: The Commodity Futures Federal Register concerning each
exempt from disclosure under the Trading Commission (‘‘CFTC’’ or proposed collection of information
Freedom of Information Act, a petition ‘‘Commission’’) is announcing an before submitting the collection to OMB
for confidential treatment of the exempt opportunity for public comment on the for approval. To comply with this
information may be submitted according proposed collection of certain requirement, the CFTC is publishing
to the procedures established in § 145.9 information by the agency. Under the notice of the proposed collection of
of the Commission’s regulations.1 Paperwork Reduction Act (‘‘PRA’’), information listed below.
The Commission reserves the right, Federal agencies are required to publish Title: Rules Relating to the Operations
but shall have no obligation, to review, notice in the Federal Register and Activities of Commodity Pool
pre-screen, filter, redact, refuse or concerning each proposed collection of Operators and Commodity Trading
remove any or all of your submission information, including each proposed Advisors and to Monthly Reporting by
from http://www.cftc.gov that it may extension of an existing collection of Futures Commission Merchants (OMB
deem to be inappropriate for information, and to allow 60 days for Control No. 3038–0005). This is a
publication, such as obscene language. public comment. This notice solicits request for extension of a currently
All submissions that have been redacted comments on requirements relating to approved information collection.
or removed that contain comments on reporting and recordkeeping by Abstract: Pursuant to the Commodity
the merits of the Information Collection Commodity Pool Operators and Exchange Act, as amended by the Dodd-
Request will be retained in the public Commodity Trading Advisors. Frank Wall Street Reform and Consumer
comment file and will be considered as DATES: Comments must be submitted on Protection Act (‘‘Dodd-Frank Act’’),
required under the Administrative or before August 29, 2016. Public Law 111–203, 124 Stat. 1376
ADDRESSES: You may submit comments, (2010), the Commission promulgated
mstockstill on DSK3G9T082PROD with NOTICES

Procedure Act and other applicable
laws, and may be accessible under the identified by ‘‘Renewal of Collection rules and forms relating to registration
Freedom of Information Act. Relating to the Operations and and compliance with the Commission
Burden Statement: The Commission Activities of Commodity Pool Operators regulations applicable to intermediaries,
is revising its estimate of the burden for and Commodity Trading Advisors and and employees and principals thereof,
this collection to update the estimated to Monthly Reporting by Futures operating in the futures, options, swaps,
Commission Merchants’’ by any of the and retail forex markets. As part of the
1 17 CFR 145.9. following methods: Commission’s rulemaking effort, the

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Document Created: 2018-02-08 07:44:41
Document Modified: 2018-02-08 07:44:41

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 29, 2016.
Contact		Melissa A. D'Arcy, Special Counsel, Division of Clearing and Risk, Commodity Futures Trading Commission, Three Lafayette Centre, 1155 21st Street NW., Washington, DC 20581; (202) 418-5086; email: [email protected]
FR Citation		81 FR 42667