81 FR 65630 - Agency Information Collection Activities Under OMB Review
COMMODITY FUTURES TRADING COMMISSION Federal Register Volume 81, Issue 185 (September 23, 2016)
Federal Register Volume 81, Issue 185 (September 23, 2016)
| Page Range | 65630-65631 | |
| FR Document | 2016-22957 |
[Federal Register Volume 81, Number 185 (Friday, September 23, 2016)] [Notices] [Pages 65630-65631] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2016-22957] ======================================================================= ----------------------------------------------------------------------- COMMODITY FUTURES TRADING COMMISSION Agency Information Collection Activities Under OMB Review AGENCY: Commodity Futures Trading Commission. ACTION: Notice. ----------------------------------------------------------------------- SUMMARY: In compliance with the Paperwork Reduction Act of 1995 (PRA), this notice announces that the Information Collection Request (ICR) abstracted below has been forwarded to the Office of Management and Budget (OMB) for review and comment. The ICR describes the nature of the information collection and its expected costs and burden. DATES: Comments must be submitted on or before October 24, 2016. ADDRESSES: Comments regarding the burden estimate or any other aspect of the information collection, including suggestions for reducing the burden, may be submitted directly to the Office of Information and Regulatory Affairs (OIRA) in OMB, within 30 days of the notice's publication, by email at [email protected]. Please identify the comments by OMB Control No. 3038-0074. Please provide the Commission with a copy of all submitted comments at the address listed below. Please refer to OMB Reference No. 3038-0074, found on http://reginfo.gov. Comments may also be mailed to the Office of Information and Regulatory Affairs, Office of Management and Budget, Attention: Desk Officer for the Commodity Futures Trading Commission, 725 17th Street NW., Washington, DC 20503, and to: Christopher Kirkpatrick, Secretary of the Commission, Commodity Futures Trading Commission, Three Lafayette Centre, 1155 21st Street NW., Washington, DC 20581 or by Hand Deliver/Courier at the same address; or through the Agency's Web site at http://comments.cftc.gov. Follow the instructions for submitting comments through the Web site. A copy of the supporting statements for the collection of information discussed above may be obtained by visiting http:// RegInfo.gov. 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: Steven A. Haidar, Attorney-Advisor, Division of Market Oversight, Commodity Futures Trading Commission, (202) 418-5611; email: [email protected], and refer to OMB Control No. 3038-0074. SUPPLEMENTARY INFORMATION: Title: Core Principles and Other Requirements for Swap Execution Facilities (OMB Control No. 3038-0074). This is a request for extension of a currently approved information collection. Abstract: Title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) added new section 5h to the Commodity Exchange Act (CEA) to impose requirements concerning the registration and operation of SEFs, which the Commission has incorporated in part 37 of its regulations.\1\ These information collections are needed for the Commission to ensure that SEFs registered with the Commission (and entities applying for SEF registration) comply with these requirements. Among other requirements, part 37 of the Commission's regulations imposes SEF registration requirements for a trading platform or system, obligates SEFs to provide transaction confirmations to swap counterparties, and requires SEFs to comply with 15 enumerated core principles.\2\ --------------------------------------------------------------------------- \1\ In general, this OMB Control Number covers all information collections in part 37 of the Commission's regulations, including Subpart A and the SEF core principles (i.e., Subparts B and C). However, any information collections related to Sec. 37.10 of the Commission's regulations are not included under this control number and are instead subject to a separate information collection with OMB Control Number 3038-0099 (Process for a Swap Execution Facility or Designated Contract Market to Make a Swap Available to Trade). \2\ These 15 core principles establish standards with respect to SEFs: Enforcing rules; listing contracts for trading that are not readily susceptible to manipulation; monitoring trading to prevent market manipulation; obtaining information; adopting position limits or position accountability levels; adopting rules to enforce financial integrity of swaps transactions entered on or through the SEF; adopting rules to provide for the exercise of emergency authority, in consultation with the Commission; making public information regarding prices and volume on a timely basis; maintaining records of all activities of the business of the contract market in a form and manner acceptable to the Commission for five years; avoiding rules that result in unreasonable restraints of trade or anticompetitive burden on trading; enforcing rules to minimize conflicts of interest in its decision-making process; maintaining adequate financial resources; establishing system safeguards; and designating a chief compliance officer. --------------------------------------------------------------------------- The Commission initially estimated that there would be 35 SEFs registered with the Commission, but in the 60-Day Notice of Intent to Renew Collection 3038-0074 (60-Day Renewal Notice), the Commission stated that 22 SEFs, rather than 35 SEFs as initially estimated, were registered with the Commission.\3\ However, since the publication of the 60-Day Renewal Notice, the Commission has granted permanent registration to an additional SEF, for a total of 23 registered SEFs.\4\ Accordingly, the Commisison is revising the below burden statement from the 60-Day Renewal Notice to account for the increase from 22 to 23 registered SEFs. --------------------------------------------------------------------------- \3\ See 81 FR 47779, 47780 (July 22, 2016). \4\ Commission granted permanent registration to the additional SEF on August 23, 2016. --------------------------------------------------------------------------- The Commission did not receive any relevant comments on the 60-Day Renewal Notice. [[Page 65631]] Burden Statement: The Commission estimates that a respondent's burden for this information collection will be (i) 1,000 on-going annual burden hours per respondent registered SEF and (ii) 300 burden hours per respondent applicant for permanent SEF registration.\5\ --------------------------------------------------------------------------- \5\ The Commission notes that SEFs did not exist prior to either the Dodd-Frank Act or the Commission's original submission of this OMB Control Number, and so the Commission is revising its burden estimate now that it has had the opportunity to observe SEFs' operations and receive feedback from market participants. The Commission notes that while its revised estimate of 1,000 annual burden hours per respondent SEF is an increase from its original estimate of 308 burden hours per respondent SEF, the Commission's estimate does not represent any new information collection burdens or adjustments to existing information collections. See 78 FR 33476, 33551 (June 4, 2013) (discussing the Commission's original PRA estimate). The Commission further notes that the separate estimate of 300 burden hours for applicants for permanent SEF registration does not represent new information collection burdens or adjustments to existing information collections. Rather, while the Commission did consider the burden hours related to the SEF application process in its original information collection submission for this OMB Control Number, the Commission did not explicitly distinguish the burden hours related to the registration process for SEF applicants from the Commission's estimate of the on-going annual burden hours for registered SEFs, but rather provided an aggregate number. See id. at 33549-51. For the sake of clarity, the Commission is explicitly distinguishing in this notice between the burden hours for registered SEFs and for applicants for SEF registration. ------------------------------------------------------------------------ ------------------------------------------------------------------------ Annual Burden Hours for Registered SEFs ------------------------------------------------------------------------ Respondents/Affected Registered SEFs. Entities:. Estimated number of 23. \1\ respondents:. Estimated annual burden hours 1,000 burden hours. per respondent:. Estimated total annual burden 23,000 hours. \2\ on respondents:. Frequency of collection:..... Per trade day. \3\ ------------------------------------------------------------------------ Burden Hours for Applicants for Permanent SEF Registration ------------------------------------------------------------------------ Respondents/Affected Applicants for SEF Registration. Entities:. Estimated number of 4. \4\ respondents:. Estimated annual burden hours 300 burden hours. per respondent:. Estimated total annual burden 1,200 burden hours. \5\ on respondents:. Frequency of collection:..... Initial registration. ------------------------------------------------------------------------ \1\ In the part 37 final rule release, the Commission estimated that there would be 35 SEFs. See 78 FR 33476, 33549 (June 4, 2013). The Commission, however, notes that 23 SEFs are currently registered with the Commission. In the 60-Day Renewal Notice, the Commission stated that there were 22 then-registered SEFs; however, since the pulication of the 60-Day Renewal Notice, the Commission has granted permanent registration to an additional SEF. Accordingly, the revised aggregate burden hour estimate accounts for both the increased annual burden hours estimate to 1,000 hours per SEF as well as the revised number of SEFs to 23. \2\ 1,000 average annual burden hours per respondent SEF x 23 registered SEFs = 23,000 total burden hours for all registered SEFs. \3\ The Commission notes that registered SEFs also are required to provide four quarterly reports and one annual report as part of their annual information collection obligations. \4\ Based on the number of applicants that have applied for permanent SEF registration since the Commission first granted permanent registration status to SEFs on January 22, 2016, the Commission expects to receive four applications per year for permanent SEF registration. \5\ 300 average initial burden hours per respondent SEF applicant x 4 anticipated SEF applicants = 1,200 total burden hours incurred for all anticipated SEF applicants per year. Authority 44 U.S.C. 3501 et seq. Dated: September 20, 2016. Robert N. Sidman, Deputy Secretary of the Commission. [FR Doc. 2016-22957 Filed 9-22-16; 8:45 am] BILLING CODE 6351-01-P
![65630 Federal Register / Vol. 81, No. 185 / Friday, September 23, 2016 / Notices
7520–00–SAM–0218—File Folder, (PRA), this notice announces that the new section 5h to the Commodity
Expanding, 7 Tab with Pockets, Flap and Information Collection Request (ICR) Exchange Act (CEA) to impose
Cord Closure, Polypropylene, Black abstracted below has been forwarded to requirements concerning the registration
Mandatory for: Total Government
the Office of Management and Budget and operation of SEFs, which the
Requirement
Mandatory Source(s) of Supply: Exceptional (OMB) for review and comment. The Commission has incorporated in part 37
Children’s Foundation, Culver City, CA ICR describes the nature of the of its regulations.1 These information
Contracting Activity: General Services information collection and its expected collections are needed for the
Administration, New York, NY costs and burden. Commission to ensure that SEFs
Distribution: A-List DATES: Comments must be submitted on registered with the Commission (and
Service or before October 24, 2016. entities applying for SEF registration)
ADDRESSES: Comments regarding the comply with these requirements.
Service Type: Mailroom Operation
burden estimate or any other aspect of Among other requirements, part 37 of
Mandatory for: Missile Defense Agency,
Missile Defense Agency Mailroom, the information collection, including the Commission’s regulations imposes
Schriever AFB, CO suggestions for reducing the burden, SEF registration requirements for a
Mandatory Source(s) of Supply: Huntsville may be submitted directly to the Office trading platform or system, obligates
Rehabilitation Foundation, Huntsville, of Information and Regulatory Affairs SEFs to provide transaction
AL (OIRA) in OMB, within 30 days of the confirmations to swap counterparties,
Contracting Activity: Missile Defense notice’s publication, by email at and requires SEFs to comply with 15
Agency, Huntsville, AL enumerated core principles.2
OIRAsubmissions@omb.eop.gov. Please
Deletions identify the comments by OMB Control The Commission initially estimated
No. 3038–0074. Please provide the that there would be 35 SEFs registered
The following product and services with the Commission, but in the 60-Day
are proposed for deletion from the Commission with a copy of all
submitted comments at the address Notice of Intent to Renew Collection
Procurement List: 3038–0074 (60-Day Renewal Notice), the
listed below. Please refer to OMB
Product Reference No. 3038–0074, found on Commission stated that 22 SEFs, rather
NSN(s)—Product Name(s): 8030–01–347– http://reginfo.gov. Comments may also than 35 SEFs as initially estimated, were
0979—Compound, Corrosion be mailed to the Office of Information registered with the Commission.3
Preventative, Type I, Class I and Regulatory Affairs, Office of However, since the publication of the
Mandatory Source(s) of Supply: The Management and Budget, Attention: 60-Day Renewal Notice, the
Lighthouse for the Blind, St. Louis, MO Desk Officer for the Commodity Futures Commission has granted permanent
Contracting Activity: General Services registration to an additional SEF, for a
Administration, Kansas City, MO
Trading Commission, 725 17th Street
NW., Washington, DC 20503, and to: total of 23 registered SEFs.4
Services Christopher Kirkpatrick, Secretary of the Accordingly, the Commisison is revising
Service Type: Administrative/General Commission, Commodity Futures the below burden statement from the 60-
Support Service Trading Commission, Three Lafayette Day Renewal Notice to account for the
Mandatory for: GSA, Southwest Supply Centre, 1155 21st Street NW., increase from 22 to 23 registered SEFs.
Center 819 Taylor Street, Fort Worth, TX Washington, DC 20581 or by Hand The Commission did not receive any
Mandatory Source(s) of Supply: The Deliver/Courier at the same address; or relevant comments on the 60-Day
Arkansas Lighthouse for the Blind, Little Renewal Notice.
Rock, AR
through the Agency’s Web site at http://
Contracting Activity: General Services comments.cftc.gov. Follow the
1 In general, this OMB Control Number covers all
Administration, FPDS Agency instructions for submitting comments
information collections in part 37 of the
Coordinator through the Web site. Commission’s regulations, including Subpart A and
Service Type: Custodial Service A copy of the supporting statements the SEF core principles (i.e., Subparts B and C).
Mandatory for: Department of Veterans for the collection of information However, any information collections related to
Affairs, Quad Cities Veterans Center discussed above may be obtained by § 37.10 of the Commission’s regulations are not
1529 46th Avenue, Moline, IL included under this control number and are instead
visiting http://RegInfo.gov. All subject to a separate information collection with
Mandatory Source(s) of Supply: The Arc of comments must be submitted in OMB Control Number 3038–0099 (Process for a
the Quad Cities Area, Rock Island, IL English, or if not, accompanied by an Swap Execution Facility or Designated Contract
Contracting Activity: Dept of Veterans Market to Make a Swap Available to Trade).
Affairs, 438-Sioux Falls VA Medical
English translation. Comments will be
2 These 15 core principles establish standards
Center posted as received to http://
with respect to SEFs: Enforcing rules; listing
www.cftc.gov. contracts for trading that are not readily susceptible
Barry S. Lineback, to manipulation; monitoring trading to prevent
FOR FURTHER INFORMATION CONTACT:
Director, Business Operations. market manipulation; obtaining information;
Steven A. Haidar, Attorney-Advisor, adopting position limits or position accountability
[FR Doc. 2016–22979 Filed 9–22–16; 8:45 am] Division of Market Oversight, levels; adopting rules to enforce financial integrity
BILLING CODE 6353–01–P Commodity Futures Trading of swaps transactions entered on or through the
Commission, (202) 418–5611; email: SEF; adopting rules to provide for the exercise of
emergency authority, in consultation with the
shaidar@cftc.gov, and refer to OMB Commission; making public information regarding
COMMODITY FUTURES TRADING Control No. 3038–0074. prices and volume on a timely basis; maintaining
COMMISSION SUPPLEMENTARY INFORMATION: records of all activities of the business of the
Title: Core Principles and Other contract market in a form and manner acceptable
Agency Information Collection to the Commission for five years; avoiding rules that
sradovich on DSK3GMQ082PROD with NOTICES
Requirements for Swap Execution result in unreasonable restraints of trade or
Activities Under OMB Review Facilities (OMB Control No. 3038– anticompetitive burden on trading; enforcing rules
AGENCY: Commodity Futures Trading 0074). This is a request for extension of to minimize conflicts of interest in its decision-
a currently approved information making process; maintaining adequate financial
Commission. resources; establishing system safeguards; and
ACTION: Notice. collection. designating a chief compliance officer.
Abstract: Title VII of the Dodd-Frank 3 See 81 FR 47779, 47780 (July 22, 2016).
SUMMARY: In compliance with the Wall Street Reform and Consumer 4 Commission granted permanent registration to
Paperwork Reduction Act of 1995 Protection Act (Dodd-Frank Act) added the additional SEF on August 23, 2016.
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![Federal Register / Vol. 81, No. 185 / Friday, September 23, 2016 / Notices 65631
Burden Statement: The Commission 1,000 on-going annual burden hours per burden hours per respondent applicant
estimates that a respondent’s burden for respondent registered SEF and (ii) 300 for permanent SEF registration.5
this information collection will be (i)
Annual Burden Hours for Registered SEFs
Respondents/Affected Entities: ............................................................................................................................ Registered SEFs.
Estimated number of respondents: ...................................................................................................................... 23. 1
Estimated annual burden hours per respondent: ................................................................................................ 1,000 burden hours.
Estimated total annual burden on respondents: .................................................................................................. 23,000 hours. 2
Frequency of collection: ....................................................................................................................................... Per trade day. 3
Burden Hours for Applicants for Permanent SEF Registration
Respondents/Affected Entities: ............................................................................................................................ Applicants for SEF Registration.
Estimated number of respondents: ...................................................................................................................... 4. 4
Estimated annual burden hours per respondent: ................................................................................................ 300 burden hours.
Estimated total annual burden on respondents: .................................................................................................. 1,200 burden hours. 5
Frequency of collection: ....................................................................................................................................... Initial registration.
1 In the part 37 final rule release, the Commission estimated that there would be 35 SEFs. See 78 FR 33476, 33549 (June 4, 2013). The Com-
mission, however, notes that 23 SEFs are currently registered with the Commission. In the 60-Day Renewal Notice, the Commission stated that
there were 22 then-registered SEFs; however, since the pulication of the 60-Day Renewal Notice, the Commission has granted permanent reg-
istration to an additional SEF. Accordingly, the revised aggregate burden hour estimate accounts for both the increased annual burden hours es-
timate to 1,000 hours per SEF as well as the revised number of SEFs to 23.
2 1,000 average annual burden hours per respondent SEF × 23 registered SEFs = 23,000 total burden hours for all registered SEFs.
3 The Commission notes that registered SEFs also are required to provide four quarterly reports and one annual report as part of their annual
information collection obligations.
4 Based on the number of applicants that have applied for permanent SEF registration since the Commission first granted permanent registra-
tion status to SEFs on January 22, 2016, the Commission expects to receive four applications per year for permanent SEF registration.
5 300 average initial burden hours per respondent SEF applicant × 4 anticipated SEF applicants = 1,200 total burden hours incurred for all an-
ticipated SEF applicants per year.
Authority 44 U.S.C. 3501 et seq. ‘‘Department of Defense (DoD) Insider resources and functions and by
Dated: September 20, 2016. Threat Management and Analysis leveraging existing authorities, policies,
Robert N. Sidman, Center (DITMAC) and DoD Component programs, systems, and architectures.
Deputy Secretary of the Commission.
Insider Threat Records System,’’ last This alteration reflects a change to the
published at 81 FR 31614, May 19, categories of individuals by removing
[FR Doc. 2016–22957 Filed 9–22–16; 8:45 am]
2016. the phrase: And who have exhibited
BILLING CODE 6351–01–P
This system of records exists to: actual, probable, or possible indications
Analyze, monitor, and audit insider of insider threat behaviors or activities.
threat information for insider threat Public Law 112–81, 10 U.S.C. 2224 note,
DEPARTMENT OF DEFENSE Insider Threat Detection, requires the
detection and mitigation within the DoD
on threats that persons who have or had Department to detect and prevent
Office of the Secretary
been granted eligibility for access to insider threats in order to protect
[Docket ID: DOD–2016–OS–0093] classified information or eligibility to sensitive information and information
hold sensitive positions may pose to systems. This authority requires the
Privacy Act of 1974; System of Department to employ anomaly
DoD and U.S. Government installations,
Records detection techniques, which logically
facilities, personnel, missions, or
AGENCY: Office of the Secretary of resources. The system of records will require ingestion of non-anomalous
Defense, DoD. support the DITMAC and DoD information in order to identify
Component insider threat programs, anomalous information. Accordingly,
ACTION: Notice to alter a System of
enable the identification of systemic the individuals subject to the DoD
Records.
insider threat issues and challenges, and Insider Threat program are those
SUMMARY: Pursuant to the Privacy Act of provide a basis for the development and individuals who had or have been
1974, 5 U.S.C. 552a, and Office of recommendation of solutions to deter, granted eligibility or access to classified
Management and Budget (OMB) detect, and/or mitigate potential insider information.
Circular No. A–130, notice is hereby threats. It will assist in identifying best DATES: Comments will be accepted on or
given that the Office of the Secretary of practices among other Federal before October 24, 2016. This proposed
Defense (OSD) proposes to alter a Government insider threat programs, action will be effective the day
system of records, DUSDI 01–DoD, through the use of existing DoD following the end of the comment
5 The Commission notes that SEFs did not exist collection burdens or adjustments to existing information collection submission for this OMB
prior to either the Dodd-Frank Act or the information collections. See 78 FR 33476, 33551 Control Number, the Commission did not explicitly
sradovich on DSK3GMQ082PROD with NOTICES
Commission’s original submission of this OMB (June 4, 2013) (discussing the Commission’s distinguish the burden hours related to the
Control Number, and so the Commission is revising original PRA estimate). registration process for SEF applicants from the
its burden estimate now that it has had the Commission’s estimate of the on-going annual
The Commission further notes that the separate
opportunity to observe SEFs’ operations and receive
estimate of 300 burden hours for applicants for burden hours for registered SEFs, but rather
feedback from market participants. The
Commission notes that while its revised estimate of permanent SEF registration does not represent new provided an aggregate number. See id. at 33549–51.
1,000 annual burden hours per respondent SEF is information collection burdens or adjustments to For the sake of clarity, the Commission is explicitly
an increase from its original estimate of 308 burden existing information collections. Rather, while the distinguishing in this notice between the burden
hours per respondent SEF, the Commission’s Commission did consider the burden hours related hours for registered SEFs and for applicants for SEF
estimate does not represent any new information to the SEF application process in its original registration.
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Document Created: 2016-09-23 01:43:51
Document Modified: 2016-09-23 01:43:51
| 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 October 24, 2016. | |
| Contact | Steven A. Haidar, Attorney-Advisor, Division of Market Oversight, Commodity Futures Trading Commission, (202) 418-5611; email: [email protected], and refer to OMB Control No. 3038-0074. | |
| FR Citation | 81 FR 65630 |
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