82_FR_18820 82 FR 18744 - Agency Information Collection Activities: Notice of Intent To Renew Collection 3038-0070, Real-Time Public Reporting and Block Trade

82 FR 18744 - Agency Information Collection Activities: Notice of Intent To Renew Collection 3038-0070, Real-Time Public Reporting and Block Trade

COMMODITY FUTURES TRADING COMMISSION

Federal Register Volume 82, Issue 76 (April 21, 2017)

Page Range18744-18746
FR Document2017-08097

The Commodity Futures Trading Commission (Commission) is announcing an opportunity for public comment on the renewal of the 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 in connection with part 43 of the Commission's regulations, which implements a framework for the real-time public reporting of swap transaction and pricing data for all swap transactions.

Federal Register, Volume 82 Issue 76 (Friday, April 21, 2017)
[Federal Register Volume 82, Number 76 (Friday, April 21, 2017)]
[Notices]
[Pages 18744-18746]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-08097]


=======================================================================
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COMMODITY FUTURES TRADING COMMISSION


Agency Information Collection Activities: Notice of Intent To 
Renew Collection 3038-0070, Real-Time Public Reporting and Block Trade

AGENCY: Commodity Futures Trading Commission.

ACTION: Notice.

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

SUMMARY: The Commodity Futures Trading Commission (Commission) is 
announcing an opportunity for public comment on the renewal of the 
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 
in connection with part 43 of the Commission's regulations, which 
implements a framework for the real-time public reporting of swap 
transaction and pricing data for all swap transactions.

DATES: Comments must be submitted on or before June 20, 2017.

ADDRESSES: You may submit comments, identified by ``Renewal of 
Collection Pertaining to Real-Time Public Reporting and Block 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: John W. Dunfee, Assistant General 
Counsel, Office of General Counsel, Commodity Futures Trading 
Commission, (202) 418-5396; email: [email protected], and refer to OMB 
Control No.3038-0070.

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 Commission is publishing notice of the existing collections of 
information listed below.
    Title: Real-Time Public Reporting and Block Trade (OMB Control No. 
3038-0070). This is a request for extension of currently approved 
information collections.
    Abstract: Title VII of the Dodd-Frank Wall Street Reform and 
Consumer Protection Act (Dodd-Frank Act) added to the Commodity 
Exchange Act (CEA) new section 2(a)(13), which establishes standards 
and requirements related to real-time reporting and the public 
availability of swap transaction and pricing data. Section 2(a)(13) and 
part 43 of the Commission's Regulations require reporting parties to 
publish real-time swap transactions and pricing data to the general 
public. Without the frequency of reporting set forth in part 43, the 
Commission would not be able to adequately assess the swap markets and, 
more importantly, would fail to achieve the frequency of reporting and 
promotion of increased price discovery in the swaps market which are 
mandated by the Dodd-Frank Act.
    With respect to these information collections, the Commission 
invites comments on:
     Whether the collections of information are 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 collections 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

[[Page 18745]]

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: Part 43 of the Commission's regulations results 
in three information collection requirements within the meaning of the 
PRA.\2\ The first collection of information requirement under part 43 
imposes a reporting requirement on registered swap execution facilities 
(``SEFs'') or designated contract markets (``DCMs'') when a swap is 
executed on a trading facility or on the parties to a swap transaction 
when the swap is executed bilaterally. The second collection of 
information requirement under part 43 of the Commission's regulations 
creates a public dissemination requirement on registered swap data 
repositories (``SDRs''). The third collection of information 
requirement imposes a recordkeeping requirement for SEFs, DCMs, SDRs 
and any reporting party (as such term is defined in part 43 of the 
Commission's regulations).
---------------------------------------------------------------------------

    \2\ See 77 FR 1182, 1229 (Jan. 9, 2012); 78 FR 32866, 32913 (May 
31, 2013).
---------------------------------------------------------------------------

    The Commission notes that rather than the initial estimate of 40 
SEFs, there currently are 25 SEFs either registered with the Commission 
or with registrations pending.\3\ The Commission notes that rather than 
the initial estimate of 18 DCMs, there currently are 15 DCMs registered 
with the Commission.\4\ The Commission notes that rather than the 
initial estimate of 15 SDRs, there currently are 4 SDRs registered with 
the Commission.\5\ Based on the experience gained by the Commission 
with regard to SDRs, the Commission estimates that rather than the 
initial estimate of 750 reporting parties who are not swap dealers 
(``SDs'') or major swap participants (``MSPs''), and who contract with 
third parties to satisfy their reporting obligations, there are 496 
such reporting parties.\6\ The Commission estimates that rather than 
the initial estimate of 250 reporting parties who are not swap dealers 
(``SDs'') or major swap participants (``MSPs''), and who satisfy their 
reporting obligations themselves, there are 207 such reporting 
parties.\7\ The burden hours for each entity category based upon these 
new estimates are noted in the applicable table below.
---------------------------------------------------------------------------

    \3\ See 77 FR at 1229.
    \4\ Id.
    \5\ See 77 FR at 1230.
    \6\ Id.
    \7\ Id.
---------------------------------------------------------------------------

Recurring Annual Burden Hours for SEFs

    Respondents/Affected Entities: SEFs.
    Estimated number of respondents: 25.
    Estimated total annual burden on respondents: 52,000 hours.\8\
---------------------------------------------------------------------------

    \8\ 2,080 average recurring burden hours per respondent SEF x 25 
registered SEFs = 52,000 total burden hours for all registered SEFs.
---------------------------------------------------------------------------

Recurring Annual Burden Hours for DCMs

    Respondents/Affected Entities: DCMs.
    Estimated number of respondents: 15.
    Estimated total annual burden on respondents: 31,200 hours.\9\
---------------------------------------------------------------------------

    \9\ 2,080 average recurring burden hours per respondent DCM x 15 
registered DCMs = 31,200 total burden hours for all registered DCMs.
---------------------------------------------------------------------------

Recurring Annual Burden Hours for SDRs

    Respondents/Affected Entities: SDRs.
    Estimated number of respondents: 4.
    Estimated total annual burden on respondents: 27,600 hours.\10\
---------------------------------------------------------------------------

    \10\ 6,900 average recurring burden hours per respondent SDR x 4 
registered SDRs = 27,600 total burden hours for all registered SDRs.
---------------------------------------------------------------------------

Recurring Annual Burden Hours for Non SD/MSPs Using Third Party

    Respondents/Affected Entities: Non SD/MSPs Using Third Party.
    Estimated number of respondents: 496.
    Estimated total annual burden on respondents: 10,912 hours.\11\
---------------------------------------------------------------------------

    \11\ 22 average recurring burden hours per respondent x 496 
respondents = 10,912 total burden hours for all respondents.
---------------------------------------------------------------------------

Recurring Annual Burden Hours for Non SD/MSPs Reporting Themselves

    Respondents/Affected Entities: Non SD/MSPs Reporting Themselves.
    Estimated number of respondents: 207.
    Estimated total annual burden on respondents: 139,932 hours.\12\
---------------------------------------------------------------------------

    \12\ 676 average recurring burden hours per respondent x 207 
respondents = 139,932 total burden hours for all respondents.
---------------------------------------------------------------------------

    In addition to the above burden hours for compliance with part 43 
obligations generally, the Commission determined that certain market 
participants would incur burden hours associated with the masking of 
the geographic detail of the underlying assets to a swap in the other 
commodity asset class, and with the election to have a swap transaction 
treated as a block trade or large notional off-facility swap.\13\ The 
Commission initially estimated that respondent SDRs would incur an 
aggregate of 833 annual burden hours in connection with the masking of 
geographic detail of the underlying assets to a swap in the other 
commodity asset class.\14\ Based on the Commission's observation of 
registered SDRs' operations and compliance with part 43's requirements, 
the Commission is increasing this estimate and now estimates that SDRs 
will incur an aggregate of 3,307 annual burden hours in connection with 
the masking of geographic detail of the underlying assets to a swap in 
the other commodity asset class.\15\
---------------------------------------------------------------------------

    \13\ See 78 FR 32866, 32913.
    \14\ See 78 FR 32866, 32915 (50,000 other commodity swaps with 
masked locations x 0.0167 hours (one minute) of burden per response 
= 833 total burden hours).
    \15\ 198,022 other commodity swaps with masked locations x 
0.0167 hours (one minute) of burden per response = 3,307 total 
annual burden hours.
---------------------------------------------------------------------------

    The Commission initially estimated that market participants would 
incur an aggregate of 2,167 annual burden hours in connection with the 
election to have a swap transaction treated as a block trade.\16\ Based 
on the Commission's observation of market participants' compliance with 
part 43's requirements, the Commission is increasing this estimate and 
now estimates that market participants will incur an aggregate of 3,648 
annual burden hours in connection with the election to have a swap 
transaction treated as a block trade.\17\
---------------------------------------------------------------------------

    \16\ See 78 FR 32866, 32913-14 (125,000 elections by SDs/MSPs + 
5,000 elections by nonSDs/MSPs = 130,000 total annual elections. 
130,000 elections x 0.0167 hours (one minute) of burden per response 
= 2,167 total annual burden hours).
    \17\ 218,428 block trades x 0.0167 hours (one minute) of burden 
per response = 3,648 total annual burden hours.
---------------------------------------------------------------------------

    The Commission initially estimated that market participants would 
incur an aggregate of 2,255 annual burden hours in connection with the 
election to have a swap transaction treated as a large notional off-
facility swap.\18\ Based on

[[Page 18746]]

the Commission's observation of market participants' compliance with 
part 43's requirements, the Commission is increasing this estimate and 
now estimates that market participants will incur an aggregate of 
77,230 annual burden hours in connection with the election to have a 
swap transaction treated as a large notional off-facility swap.\19\
---------------------------------------------------------------------------

    \18\ See 78 FR 32866, 32914 (62,500 elections by SDs/MSPs + 
5,000 elections by nonSDs/MSPs = 63,000 total annual elections. 
67,500 elections x 0.0334 hours (two minutes) of burden per response 
= 2,255 total annual burden hours).
    \19\ 2,312,265 large notional off-facility swaps x 0.0334 hours 
(two minutes) of burden per response = 77,230 total annual burden 
hours.

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

    Dated: April 18, 2017.
Robert N. Sidman,
Deputy Secretary of the Commission.
[FR Doc. 2017-08097 Filed 4-20-17; 8:45 am]
 BILLING CODE 6351-01-P



                                                18744                            Federal Register / Vol. 82, No. 76 / Friday, April 21, 2017 / Notices

                                                Committee has up-to-date and complete                   COMMODITY FUTURES TRADING                             requirements that members of the public
                                                information about the nonprofit                         COMMISSION                                            submit reports, keep records, or provide
                                                agency’s qualifications to participate in                                                                     information to a third party. Section
                                                the AbilityOne Program. This form is                    Agency Information Collection                         3506(c)(2)(A) of the PRA, 44 U.S.C.
                                                completed only for new additions of                     Activities: Notice of Intent To Renew                 3506(c)(2)(A), requires Federal agencies
                                                products or services to the PL, and does                Collection 3038–0070, Real-Time                       to provide a 60-day notice in the
                                                not include administrative additions, or                Public Reporting and Block Trade                      Federal Register concerning each
                                                any other administrative or fair market                                                                       proposed collection of information
                                                                                                        AGENCY: Commodity Futures Trading                     before submitting the collection to OMB
                                                price changes, to the PL. The already                   Commission.                                           for approval. To comply with this
                                                established annual representations and                  ACTION: Notice.                                       requirement, the Commission is
                                                certification form (OMB number: 3037–
                                                                                                                                                              publishing notice of the existing
                                                0013) will continue to be required. The                 SUMMARY:   The Commodity Futures
                                                                                                                                                              collections of information listed below.
                                                project specific representations and                    Trading Commission (Commission) is                       Title: Real-Time Public Reporting and
                                                certification form being certified has                  announcing an opportunity for public                  Block Trade (OMB Control No. 3038–
                                                been developed to include the                           comment on the renewal of the                         0070). This is a request for extension of
                                                regulatory requirements of section 51–                  collection of certain information by the              currently approved information
                                                4.3 and to collect other information                    agency. Under the Paperwork Reduction                 collections.
                                                pertinent to the Committee’s                            Act (PRA), Federal agencies are required                 Abstract: Title VII of the Dodd-Frank
                                                determination of nonprofit agency                       to publish notice in the Federal Register             Wall Street Reform and Consumer
                                                qualifications under 41 CFR 51–2.4(a)                   concerning each proposed collection of                Protection Act (Dodd-Frank Act) added
                                                (b).                                                    information and to allow 60 days for                  to the Commodity Exchange Act (CEA)
                                                                                                        public comment. This notice solicits                  new section 2(a)(13), which establishes
                                                   Title: Project Specific Representations              comments in connection with part 43 of                standards and requirements related to
                                                and Certification Form for AbilityOne                   the Commission’s regulations, which                   real-time reporting and the public
                                                Qualified Nonprofit Agency.                             implements a framework for the real-                  availability of swap transaction and
                                                   OMB Control Number: 3037–0014.                       time public reporting of swap                         pricing data. Section 2(a)(13) and part
                                                   Form Number: Project Specific Reps                   transaction and pricing data for all swap             43 of the Commission’s Regulations
                                                                                                        transactions.                                         require reporting parties to publish real-
                                                and Certs.
                                                                                                        DATES: Comments must be submitted on                  time swap transactions and pricing data
                                                   Description of Respondents:                          or before June 20, 2017.                              to the general public. Without the
                                                Nonprofit agencies serving people who                                                                         frequency of reporting set forth in part
                                                                                                        ADDRESSES: You may submit comments,
                                                are blind or significantly disabled that                                                                      43, the Commission would not be able
                                                                                                        identified by ‘‘Renewal of Collection
                                                participate in the AbilityOne Program.                                                                        to adequately assess the swap markets
                                                                                                        Pertaining to Real-Time Public
                                                   Annual Number of Respondents:                        Reporting and Block Trade’’ by any of                 and, more importantly, would fail to
                                                About 469 nonprofit agencies serving                    the following methods:                                achieve the frequency of reporting and
                                                people who are blind or significantly                      • The Agency’s Web site, at http://                promotion of increased price discovery
                                                disabled annually participate in the                    comments.cftc.gov/. Follow the                        in the swaps market which are
                                                AbilityOne Program.                                     instructions for submitting comments                  mandated by the Dodd-Frank Act.
                                                                                                        through the Web site.                                    With respect to these information
                                                   Total Annual Burden Hours: Burden
                                                is estimated to average 2 hours per                        • Mail: Christopher Kirkpatrick,                   collections, the Commission invites
                                                                                                        Secretary of the Commission,                          comments on:
                                                respondent. Total annual burden is 938                                                                           • Whether the collections of
                                                                                                        Commodity Futures Trading
                                                hours. Note: This burden estimate is                                                                          information are necessary for the proper
                                                                                                        Commission, Three Lafayette Centre,
                                                only for the nonprofit agencies that will                                                                     performance of the functions of the
                                                                                                        1155 21st Street, NW., Washington, DC
                                                be submitting addition requests for a                                                                         Commission, including whether the
                                                                                                        20581.
                                                product or service with a total contract                   • Hand Delivery/Courier: Same as                   information will have a practical use;
                                                value exceeding $500,000. Therefore,                    Mail above.                                              • The accuracy of the Commission’s
                                                not all participating NPAs will be                         • Federal eRulemaking Portal: http://              estimate of the burden of the collections
                                                required to complete the form.                          www.regulations.gov/. Follow the                      of information, including the validity of
                                                   We invite comments concerning this                   instructions for submitting comments                  the methodology and assumptions used;
                                                                                                        through the Portal.                                      • Ways to enhance the quality,
                                                renewal on: (1) Whether the collection
                                                                                                           Please submit your comments using                  usefulness, and clarity of the
                                                of information is necessary for the
                                                                                                        only one method.                                      information to be collected; and
                                                proper performance of our agency’s                                                                               • Ways to minimize the burden of
                                                functions, including whether the                        FOR FURTHER INFORMATION CONTACT: John                 collection of information on those who
                                                information will have practical utility;                W. Dunfee, Assistant General Counsel,                 are to respond, including through the
                                                (2) the accuracy of our estimate of the                 Office of General Counsel, Commodity                  use of appropriate automated electronic,
                                                burden of the collection of information;                Futures Trading Commission, (202)                     mechanical, or other technological
                                                (3) ways to enhance the quality, utility,               418–5396; email: jdunfee@cftc.gov, and                collection techniques or other forms of
                                                and clarity of the information to be                    refer to OMB Control No.3038–0070.                    information technology; e.g., permitting
                                                collected; and (4) ways to minimize the                 SUPPLEMENTARY INFORMATION: Under the
sradovich on DSK3GMQ082PROD with NOTICES




                                                                                                                                                              electronic submission of responses.
                                                burden of the collection of information                 PRA, Federal agencies must obtain                        All comments must be submitted in
                                                on respondents.                                         approval from the Office of Management                English, or if not, accompanied by an
                                                                                                        and Budget (OMB) for each collection of               English translation. Comments will be
                                                Amy B. Jensen,
                                                                                                        information they conduct or sponsor.                  posted as received to http://
                                                Director, Business Operations.                          ‘‘Collection of Information’’ is defined              www.cftc.gov. You should submit only
                                                [FR Doc. 2017–08112 Filed 4–20–17; 8:45 am]             in 44 U.S.C. 3502(3) and 5 CFR 1320.3                 information that you wish to make
                                                BILLING CODE 6353–01–P                                  and includes agency requests or                       available publicly. If you wish the


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                                                                                 Federal Register / Vol. 82, No. 76 / Friday, April 21, 2017 / Notices                                                 18745

                                                Commission to consider information                      the initial estimate of 750 reporting                    Estimated total annual burden on
                                                that you believe is exempt from                         parties who are not swap dealers                      respondents: 139,932 hours.12
                                                disclosure under the Freedom of                         (‘‘SDs’’) or major swap participants                     In addition to the above burden hours
                                                Information Act, a petition for                         (‘‘MSPs’’), and who contract with third               for compliance with part 43 obligations
                                                confidential treatment of the exempt                    parties to satisfy their reporting                    generally, the Commission determined
                                                information may be submitted according                  obligations, there are 496 such reporting             that certain market participants would
                                                to the procedures established in § 145.9                parties.6 The Commission estimates that               incur burden hours associated with the
                                                of the Commission’s regulations.1                       rather than the initial estimate of 250               masking of the geographic detail of the
                                                   The Commission reserves the right,                   reporting parties who are not swap                    underlying assets to a swap in the other
                                                but shall have no obligation, to review,                dealers (‘‘SDs’’) or major swap                       commodity asset class, and with the
                                                pre-screen, filter, redact, refuse or                   participants (‘‘MSPs’’), and who satisfy              election to have a swap transaction
                                                remove any or all of your submission                    their reporting obligations themselves,               treated as a block trade or large notional
                                                from http://www.cftc.gov that it may                    there are 207 such reporting parties.7                off-facility swap.13 The Commission
                                                deem to be inappropriate for                            The burden hours for each entity                      initially estimated that respondent SDRs
                                                publication, such as obscene language.                  category based upon these new                         would incur an aggregate of 833 annual
                                                All submissions that have been redacted                 estimates are noted in the applicable                 burden hours in connection with the
                                                or removed that contain comments on                     table below.                                          masking of geographic detail of the
                                                the merits of the Information Collection                                                                      underlying assets to a swap in the other
                                                Request will be retained in the public                  Recurring Annual Burden Hours for                     commodity asset class.14 Based on the
                                                comment file and will be considered as                  SEFs                                                  Commission’s observation of registered
                                                required under the Administrative                         Respondents/Affected Entities: SEFs.                SDRs’ operations and compliance with
                                                Procedure Act and other applicable                        Estimated number of respondents: 25.                part 43’s requirements, the Commission
                                                laws, and may be accessible under the                                                                         is increasing this estimate and now
                                                                                                          Estimated total annual burden on                    estimates that SDRs will incur an
                                                Freedom of Information Act.                             respondents: 52,000 hours.8
                                                   Burden Statement: Part 43 of the                                                                           aggregate of 3,307 annual burden hours
                                                Commission’s regulations results in                     Recurring Annual Burden Hours for                     in connection with the masking of
                                                three information collection                            DCMs                                                  geographic detail of the underlying
                                                requirements within the meaning of the                                                                        assets to a swap in the other commodity
                                                                                                          Respondents/Affected Entities: DCMs.                asset class.15
                                                PRA.2 The first collection of information
                                                                                                          Estimated number of respondents: 15.                   The Commission initially estimated
                                                requirement under part 43 imposes a
                                                reporting requirement on registered                       Estimated total annual burden on                    that market participants would incur an
                                                swap execution facilities (‘‘SEFs’’) or                 respondents: 31,200 hours.9                           aggregate of 2,167 annual burden hours
                                                designated contract markets (‘‘DCMs’’)                                                                        in connection with the election to have
                                                                                                        Recurring Annual Burden Hours for
                                                when a swap is executed on a trading                                                                          a swap transaction treated as a block
                                                                                                        SDRs
                                                facility or on the parties to a swap                                                                          trade.16 Based on the Commission’s
                                                transaction when the swap is executed                     Respondents/Affected Entities: SDRs.                observation of market participants’
                                                bilaterally. The second collection of                     Estimated number of respondents: 4.                 compliance with part 43’s requirements,
                                                information requirement under part 43                     Estimated total annual burden on                    the Commission is increasing this
                                                of the Commission’s regulations creates                 respondents: 27,600 hours.10                          estimate and now estimates that market
                                                a public dissemination requirement on                                                                         participants will incur an aggregate of
                                                                                                        Recurring Annual Burden Hours for                     3,648 annual burden hours in
                                                registered swap data repositories                       Non SD/MSPs Using Third Party
                                                (‘‘SDRs’’). The third collection of                                                                           connection with the election to have a
                                                                                                          Respondents/Affected Entities: Non                  swap transaction treated as a block
                                                information requirement imposes a
                                                                                                        SD/MSPs Using Third Party.                            trade.17
                                                recordkeeping requirement for SEFs,
                                                                                                                                                                 The Commission initially estimated
                                                DCMs, SDRs and any reporting party (as                    Estimated number of respondents:                    that market participants would incur an
                                                such term is defined in part 43 of the                  496.                                                  aggregate of 2,255 annual burden hours
                                                Commission’s regulations).                                Estimated total annual burden on                    in connection with the election to have
                                                   The Commission notes that rather                     respondents: 10,912 hours.11                          a swap transaction treated as a large
                                                than the initial estimate of 40 SEFs,
                                                                                                        Recurring Annual Burden Hours for                     notional off-facility swap.18 Based on
                                                there currently are 25 SEFs either
                                                registered with the Commission or with                  Non SD/MSPs Reporting Themselves                        12 676 average recurring burden hours per
                                                registrations pending.3 The Commission                    Respondents/Affected Entities: Non                  respondent × 207 respondents = 139,932 total
                                                notes that rather than the initial                      SD/MSPs Reporting Themselves.                         burden hours for all respondents.
                                                                                                                                                                13 See 78 FR 32866, 32913.
                                                estimate of 18 DCMs, there currently are                  Estimated number of respondents:                      14 See 78 FR 32866, 32915 (50,000 other
                                                15 DCMs registered with the                             207.                                                  commodity swaps with masked locations × 0.0167
                                                Commission.4 The Commission notes                                                                             hours (one minute) of burden per response = 833
                                                that rather than the initial estimate of 15               6 Id.
                                                                                                                                                              total burden hours).
                                                SDRs, there currently are 4 SDRs                          7 Id.
                                                                                                                                                                15 198,022 other commodity swaps with masked

                                                registered with the Commission.5 Based                                                                        locations × 0.0167 hours (one minute) of burden per
                                                                                                          8 2,080 average recurring burden hours per
                                                                                                                                                              response = 3,307 total annual burden hours.
                                                on the experience gained by the                         respondent SEF × 25 registered SEFs = 52,000 total      16 See 78 FR 32866, 32913–14 (125,000 elections
                                                Commission with regard to SDRs, the                     burden hours for all registered SEFs.                 by SDs/MSPs + 5,000 elections by nonSDs/MSPs =
sradovich on DSK3GMQ082PROD with NOTICES




                                                Commission estimates that rather than                     9 2,080 average recurring burden hours per
                                                                                                                                                              130,000 total annual elections. 130,000 elections ×
                                                                                                        respondent DCM × 15 registered DCMs = 31,200          0.0167 hours (one minute) of burden per response
                                                                                                        total burden hours for all registered DCMs.           = 2,167 total annual burden hours).
                                                  1 17  CFR 145.9.                                        10 6,900 average recurring burden hours per           17 218,428 block trades × 0.0167 hours (one
                                                  2 See  77 FR 1182, 1229 (Jan. 9, 2012); 78 FR         respondent SDR × 4 registered SDRs = 27,600 total     minute) of burden per response = 3,648 total annual
                                                32866, 32913 (May 31, 2013).                            burden hours for all registered SDRs.                 burden hours.
                                                  3 See 77 FR at 1229.                                    11 22 average recurring burden hours per              18 See 78 FR 32866, 32914 (62,500 elections by
                                                  4 Id.
                                                                                                        respondent × 496 respondents = 10,912 total burden    SDs/MSPs + 5,000 elections by nonSDs/MSPs =
                                                  5 See 77 FR at 1230.                                  hours for all respondents.                                                                      Continued




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                                                18746                            Federal Register / Vol. 82, No. 76 / Friday, April 21, 2017 / Notices

                                                the Commission’s observation of market                  submitted a public information                        March 24, 2017. No public comments
                                                participants’ compliance with part 43’s                 collection request (ICR) entitled                     were received from this Notice.
                                                requirements, the Commission is                         AmeriCorps Application Instructions:                    Description: CNCS seeks to renew the
                                                increasing this estimate and now                        State Commissions, State and National                 current AmeriCorps State and National
                                                estimates that market participants will                 Competitive, Professional Corps, Indian               Application Instructions. The
                                                incur an aggregate of 77,230 annual                     Tribes, States and Territories without                information collection will be used in
                                                burden hours in connection with the                     Commissions, and State and National                   the same manner as the existing
                                                election to have a swap transaction                     Planning Grants for review and approval               Instructions. CNCS also seeks to
                                                treated as a large notional off-facility                in accordance with the Paperwork                      continue using the current application
                                                swap.19                                                 Reduction Act of 1980. Copies of this                 until the revised application is
                                                   Authority: 44 U.S.C. 3501 et seq.                    ICR, with applicable supporting                       approved by OMB. The current
                                                                                                        documentation, may be obtained by                     application expired on January 31, 2017.
                                                  Dated: April 18, 2017.
                                                                                                        calling CNCS, Jill Graham, at 202–606–                  Type of Review: Renewal.
                                                Robert N. Sidman,                                                                                               Agency: Corporation for National and
                                                                                                        6905 or email to jgraham@cns.gov.
                                                Deputy Secretary of the Commission.                     Individuals who use a                                 Community Service.
                                                [FR Doc. 2017–08097 Filed 4–20–17; 8:45 am]             telecommunications device for the deaf                  Title: AmeriCorps Application
                                                BILLING CODE 6351–01–P                                  (TTY–TDD) may call 1–800–833–3722                     Instructions: State Commissions, State
                                                                                                        between 8:00 a.m. and 8:00 p.m. Eastern               and National Competitive, Professional
                                                                                                        Time, Monday through Friday.                          Corps, Indian Tribes, States and
                                                CONSUMER PRODUCT SAFETY                                 DATES: Comments may be submitted,                     Territories without Commissions, and
                                                COMMISSION                                              identified by the title of the information            State and National Planning.
                                                                                                        collection activity, within May 22, 2017.               OMB Number: 3045–0047.
                                                Sunshine Act Meeting Notice                                                                                     Agency Number: None.
                                                                                                        ADDRESSES: Comments may be
                                                                                                                                                                Affected Public: Nonprofit
                                                TIME AND PLACE:  Thursday, April 27,                    submitted, identified by the title of the             organizations, States, Territories, and
                                                2017, 9:30 a.m.–11:30 a.m.                              information collection activity, to the               Local, and Tribal eligible entities.
                                                PLACE: Hearing Room 420, Bethesda                       Office of Information and Regulatory                    Total Respondents: 1,159.
                                                Towers, 4330 East-West Highway,                         Affairs, Attn: Ms. Sharon Mar, OMB                      Frequency: Annually.
                                                Bethesda, Maryland.                                     Desk Officer for the Corporation for                    Average Time per Response: Averages
                                                STATUS: Commission Meeting—Open to                      National and Community Service, by                    80 hours.
                                                the Public.                                             any of the following two methods                        Estimated Total Burden Hours:
                                                MATTER TO BE CONSIDERED:                                within 30 days from the date of                       92,720.
                                                  Decisional Matter: Safety Standard                    publication in the Federal Register:                    Total Burden Cost (capital/startup):
                                                Addressing Blade-Contact Injuries on                       (1) By fax to: 202–395–6974,                       None.
                                                Table Saws—Notice of Proposed                           Attention: Ms. Sharon Mar, OMB Desk                     Total Burden Cost (operating/
                                                Rulemaking                                              Officer for the Corporation for National              maintenance): None.
                                                  A live webcast of the Meeting can be                  and Community Service; or
                                                                                                                                                                Dated: April 18, 2017.
                                                viewed at www.cpsc.gov/live.                               (2) By email to: smar@omb.eop.gov.
                                                                                                                                                              Jennifer Bastress Tahmasebi,
                                                CONTACT PERSON FOR MORE INFORMATION:                    SUPPLEMENTARY INFORMATION: The OMB
                                                                                                                                                              Acting Director, AmeriCorps State and
                                                Todd A. Stevenson, Office of the                        is particularly interested in comments                National.
                                                Secretary, U.S. Consumer Product                        which:
                                                                                                                                                              [FR Doc. 2017–08124 Filed 4–20–17; 8:45 am]
                                                Safety Commission, 4330 East-West                          • Evaluate whether the proposed
                                                                                                                                                              BILLING CODE 6050–28–P
                                                Highway, Bethesda, MD 20814, (301)                      collection of information is necessary
                                                504–7923.                                               for the proper performance of the
                                                  Dated: April 19, 2017.
                                                                                                        functions of CNCS, including whether
                                                                                                        the information will have practical                   DEPARTMENT OF DEFENSE
                                                Todd A. Stevenson,
                                                                                                        utility;
                                                Secretary.                                                 • Evaluate the accuracy of the                     Department of the Army, Corps of
                                                [FR Doc. 2017–08191 Filed 4–19–17; 11:15 am]            agency’s estimate of the burden of the                Engineers
                                                BILLING CODE 6355–01–P                                  proposed collection of information,                   Nassau Back Bays Coastal Storm Risk
                                                                                                        including the validity of the                         Management Study—NEPA Scoping
                                                                                                        methodology and assumptions used;                     Meetings and Public Comment Period
                                                CORPORATION FOR NATIONAL AND                               • Propose ways to enhance the
                                                COMMUNITY SERVICE                                       quality, utility, and clarity of the                  AGENCY:    U.S. Army Corps of Engineers,
                                                                                                        information to be collected; and                      DOD.
                                                Information Collection; Submission for                     • Propose ways to minimize the                     ACTION:Notice of Intent/NEPA Scoping
                                                OMB Review, Comment Request                             burden of the collection of information               meeting and public comment period.
                                                AGENCY: Corporation for National and                    on those who are to respond, including
                                                Community Service.                                      through the use of appropriate                        SUMMARY:   Pursuant to the requirements
                                                ACTION: Notice.                                         automated, electronic, mechanical, or                 of the National Environmental Policy
                                                                                                        other technological collection                        Act, the U.S. Army Corps of Engineers
                                                                                                                                                              (Corps) plans to prepare a Feasibility
sradovich on DSK3GMQ082PROD with NOTICES




                                                SUMMARY:The Corporation for National                    techniques or other forms of information
                                                and Community Service (CNCS) has                        technology.                                           Study with an integrated Environmental
                                                                                                                                                              Impact Statement (EIS) to evaluate
                                                63,000 total annual elections. 67,500 elections ×
                                                                                                        Comments                                              environmental impacts from reasonable
                                                0.0334 hours (two minutes) of burden per response         A 60-day Notice requesting public                   project alternatives and to determine the
                                                = 2,255 total annual burden hours).
                                                  19 2,312,265 large notional off-facility swaps ×
                                                                                                        comment was published in the Federal                  potential for significant impacts related
                                                0.0334 hours (two minutes) of burden per response       Register on January 23, 2017 at 82 FR                 to reduce future flood risk in ways that
                                                = 77,230 total annual burden hours.                     7804. This comment period ended                       support the long-term resilience and


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Document Created: 2017-04-21 01:19:12
Document Modified: 2017-04-21 01:19:12
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.
DatesComments must be submitted on or before June 20, 2017.
ContactJohn W. Dunfee, Assistant General Counsel, Office of General Counsel, Commodity Futures Trading Commission, (202) 418-5396; email: [email protected], and refer to OMB Control No.3038-0070.
FR Citation82 FR 18744 

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