82_FR_24790 82 FR 24688 - Agency Information Collection Activities: Extension of Information Collections Under the Dodd-Frank Act

82 FR 24688 - Agency Information Collection Activities: Extension of Information Collections Under the Dodd-Frank Act

COMMODITY FUTURES TRADING COMMISSION

Federal Register Volume 82, Issue 102 (May 30, 2017)

Page Range24688-24690
FR Document2017-11105

The Commodity Futures Trading Commission (``Commission'' or ``CFTC'') is announcing an opportunity for public comment on the extension of two information collections (ICs), one concerning the filing of an annual report provided for in the Derivatives Clearing Organization General Provisions and Core Principles regulations and the other concerning the filing of a Subpart C Election Form and other reporting and recordkeeping requirements provided for in subpart C, part 39 of the Commission Regulations. Under the Paperwork Reduction Act (``PRA''), Federal agencies are required to publish notice in the Federal Register concerning each proposed collection of information, including each proposed extension of an existing collection, and to allow 60 days for public comment.

Federal Register, Volume 82 Issue 102 (Tuesday, May 30, 2017)
[Federal Register Volume 82, Number 102 (Tuesday, May 30, 2017)]
[Notices]
[Pages 24688-24690]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-11105]


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


Agency Information Collection Activities: Extension of 
Information Collections Under the Dodd-Frank Act

AGENCY: Commodity Futures Trading Commission.

ACTION: Notice.

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SUMMARY: The Commodity Futures Trading Commission (``Commission'' or 
``CFTC'') is announcing an opportunity for public comment on the 
extension of two information collections (ICs), one concerning the 
filing of an annual report provided for in the Derivatives Clearing 
Organization General Provisions and Core Principles regulations and the 
other concerning the filing of a Subpart C Election Form and other 
reporting and recordkeeping requirements provided for in subpart C, 
part 39 of the Commission Regulations. Under the Paperwork Reduction 
Act (``PRA''), Federal agencies are required to publish notice in the 
Federal Register concerning each proposed collection of information, 
including each proposed extension of an existing collection, and to 
allow 60 days for public comment.

DATES: Comments must be submitted on or before July 31, 2017.

ADDRESSES: You may submit comments, identified by OMB Control No. 3038-
0081 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: Tracey Wingate, Special Counsel, 
Division of Clearing and Risk, Commodity Futures Trading Commission, 
(202) 418-5318; email: [email protected].

SUPPLEMENTARY INFORMATION: Under the PRA, 44 U.S.C. 3501 et seq., 
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.
    This notice solicits comments on two ICs contained in OMB Control 
No. 3038-0081: (A) The filing of an annual report provided for in 
Derivatives Clearing Organization General Provisions and Core 
Principles \1\ (part 39 of the Commission Regulations); and, (B) filing 
of the Subpart C Election Form provided for in subpart C, part 39 of 
the Commission Regulations for DCOs that elect to be held to the same 
standards as systemically important DCOs (``SIDCOs'') regulatory 
requirements (``Subpart C DCOs''). These additional standards are 
mandatory for SIDCOs and optional for Subpart C DCOs. An agency may not 
conduct or sponsor, and a person is not required to respond to, an 
information collection unless it displays a valid OMB control number. 
An explanation of the ICs and the current burden estimates are provided 
for below:
---------------------------------------------------------------------------

    \1\ OMB Control No. 3038-0081 is being retitled to more 
accurately reflect the information collections covered.
---------------------------------------------------------------------------

    Title: Derivatives Clearing Organizations, General Regulations and 
International Standards; OMB Control No. 3038-0081. This is a request 
for extension of a currently approved OMB Control No. 3038-0081.
    Abstract:
    (A) Annual report provided for in Derivatives Clearing Organization 
General Provisions and Core Principles. Section 725(c) of the Dodd-
Frank Act amended Section 5b(c)(2) of the CEA to allow the Commission 
to establish regulatory standards for compliance with the DCO core 
principles. Accordingly, the Commission adopted a final rule to set 
specific standards for compliance with DCO Core Principles.\2\ The DCO 
Final Rule requires the appointment of a CCO, the filing of an annual 
report and adherence to certain recordkeeping requirements.\3\ It also 
allows the Commission to collect information at other times as 
necessary. The information collected in the annual report pursuant to 
those regulations is necessary for the Commission to evaluate whether 
DCOs are complying with Commission regulations.
---------------------------------------------------------------------------

    \2\ See Derivatives Clearing Organization General Provisions and 
Core Principles, 76 FR 69334 (November 8, 2011) (DCO Final Rule).
    \3\ These DCO recordkeeping requirements and associated costs 
are captured in separate proposed rulemakings under separate OMB 
Control Nos.; specifically, see Risk Management Requirements for 
Derivatives Clearing Organizations; 76 FR 3698 (Jan. 20, 2011) (OMB 
Control No. 3038-0076); Information Management Requirements for 
Derivatives Clearing Organizations, 75 FR 78185 (Dec. 15, 2010) (OMB 
Control No. 3038-0069); and Financial Resources requirements for 
Derivatives Clearing Organizations, 75 FR 63113 (Oct. 14, 2010) (OMB 
Control No. 3038-0066).
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    (B) Subpart C Election Form and other reporting and recordkeeping 
requirements provided for in subpart C, part 39 of the Commission 
Regulations. In the Derivatives Clearing Organizations and 
International Standards final rule (SIDCO-Subpart C DCO Final Rule),\4\ 
the Commission adopted amendments to its regulations

[[Page 24689]]

to establish additional standards for compliance with the DCO core 
principles set forth in Section 5b(c)(2) of the CEA for SIDCOs and 
Subpart C DCOs which are consistent with certain international 
standards. Specifically, the additional requirements address any 
remaining gaps between the Commission's existing regulations and the 
Principles for Financial Market Infrastructures (``PFMI'') published by 
the Committee on Payments and Market Infrastructures and the Board of 
the International Organization of Securities Commissions.
---------------------------------------------------------------------------

    \4\ See Derivatives Clearing Organizations and International 
Standards, 78 FR 72476 (December 2, 2013) (SIDCO-Subpart C DCO Final 
Rule).
---------------------------------------------------------------------------

    The SIDCO-Subpart C DCO Final Rule also established the process 
whereby DCO and DCO applicants, respectively, may elect to become 
Subpart C DCOs subject to the provisions of Subpart C. The election 
involves filing the Subpart C Election Form contained in appendix B to 
part 39 of the Commission's regulations, which involves completing 
certifications, providing exhibits, and drafting and publishing 
responses to the PFMI Disclosure Framework and PFMI Quantitative 
Information Disclosure, as applicable. Additionally, the SIDCO-Subpart 
C DCO Final Rule provides for Commission requests for supplemental 
information from those requesting Subpart C DCO status; requires 
amendments to the Subpart C Election Form in the event that a DCO or 
DCO Applicant, respectively, discovers a material omission or error in, 
or if there is a material change in, the information provided in the 
Subpart C Election Form; to submit a notice of withdrawal to the 
Commission in the event the DCO or DCO applicant determines not to seek 
Subpart C DCO status prior to such status becoming effective; and 
procedures by which a Subpart C DCO may rescind its Subpart C DCO 
status after it has been permitted to take effect. Further, each of 
these requirements implies recordkeeping that would be produced by a 
DCO to the Commission on an occasional basis to demonstrate compliance 
with the rules. The information that would be collected under in 
subpart C, part 39 of the Commission Regulations is necessary for the 
Commission to determine whether a DCO meets the Subpart C DCO standards 
and is likely to be able to maintain compliance with such standards; to 
evaluate whether SIDCOs and Subpart C DCOs are complying with 
Commission regulations; and to perform risk analyses with respect to 
SIDCOs and Subpart C DCOs.
    With respect to the collection of information, the CFTC invites 
comments on:
     Whether the proposed collection of information is 
necessary for the proper performance of the functions of the 
Commission, including whether the information will have a practical 
use;
     The accuracy of the Commission's estimate of the burden of 
the proposed collection of information, including the validity of the 
methodology and assumptions used;
     Ways to enhance the quality, usefulness, and clarity of 
the information to be collected; and
     Ways to minimize the burden of collection of information 
on those who are to respond, including through the use of appropriate 
automated electronic, mechanical, or other technological collection 
techniques or other forms of information technology; e.g., permitting 
electronic submission of responses.
    All comments must be submitted in English, or if not, accompanied 
by an English translation. Comments will be posted as received to 
http://www.cftc.gov. You should submit only information that you wish 
to make available publicly. If you wish the Commission to consider 
information that you believe is exempt from disclosure under the 
Freedom of Information Act, a petition for confidential treatment of 
the exempt information may be submitted according to the procedures 
established in Sec.  145.9 of the Commission's regulations.\5\
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    \5\ 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 total annual time burden for all respondents 
is estimated to be 18,472 hours.
    See Appendix A for an individual breakdown for burden for annual 
reports provided for in Derivatives Clearing Organization General 
Provisions and Core Principles.
    See Appendix B for an individual breakdown for burden for Subpart C 
Election Form and other reporting and recordkeeping requirements 
provided for in subpart C, part 39 of the Commission Regulations.

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

    Dated: May 19, 2017.
Robert N. Sidman,
Deputy Secretary of the Commission.

Appendix A--Derivatives Clearing Organization General Provisions and 
Core Principles OMB Collection 3038-0081

                      Annual Reporting Requirements for Derivatives Clearing Organizations
----------------------------------------------------------------------------------------------------------------
                                                                                                 Estimated total
                                                                                                 number of hours
                                                  Reports                          Estimated        of annual
  Estimated number of respondents per year      annually by      Total annual    average number     burden in
                                                    each          responses       of hours per     fiscal year
                                                 respondent                         response      (maximum: 12 x
                                                                                                       80)
----------------------------------------------------------------------------------------------------------------
12..........................................               1               12            40-80          480-960
----------------------------------------------------------------------------------------------------------------

Appendix B--Subpart C Election Form and Other Reporting and 
Recordkeeping Requirements Provided for in Subpart C, Part 39 of the 
Commission Regulations OMB Collection 3038-0081

[[Page 24690]]



                              SIDCO/Subpart C DCO Regulations--Reporting Collection
----------------------------------------------------------------------------------------------------------------
                                                                                                     Estimated
                                     Estimated        Reports                        Estimated     total number
                                     number of      annually by    Total annual   average number    of hours of
                                    respondents        each          responses     of hours per    annual burden
                                     per year                                        response     in fiscal year
----------------------------------------------------------------------------------------------------------------
Certifications--Subpart C                      5               1               5              25             125
 Election Form..................
Exhibits A thru G--Subpart C                   5               1               5             155             775
 Election Form..................
Disclosure Framework Responses..               5               1               5             200           1,000
Quantitative Information                       5               1               5              80             400
 Disclosures....................
Supplemental Information........               5               5              25              45           1,125
Amendments to Subpart C Election               5               3              15               8             120
 Form...........................
Withdrawal Notices..............               1               1               1               2               2
Rescission Notices..............               1              75              75               3             225
Written Governance Arrangements.               7               1               7             200           1,400
Governance Disclosures..........               7               6              42               3             126
Financial and Liquidity Resource               7               1               7             120             840
 Documentation..................
Stress Test Results.............               7              16             112              14           1,568
Disclosure Framework                           2               1               2             200             400
 Requirements (SIDCOs Only).....
Disclosure Framework                           7               1               7              80             560
 Requirements (Both)............
Quantitative Information                       2               1               2              80             160
 Disclosures (SIDCOs Only)......
Quantitative Information                       7               1               7              35             245
 Disclosures (Both).............
Transaction, Segregation,                      7               2              14              35             490
 Portability Disclosures........
Efficiency and Effectiveness                   7               1               7               3              21
 Review.........................
Recovery and Wind-Down Plan.....               7               1               7             480           3,360
                                 -------------------------------------------------------------------------------
    Totals......................  ..............             120             350           1,768          12,942
----------------------------------------------------------------------------------------------------------------


                            SIDCO/Subpart C DCO Regulations--Recordkeeping Collection
----------------------------------------------------------------------------------------------------------------
                                                                                                     Estimated
                                     Estimated     Records to be                     Estimated     total number
                                     number of     kept annually   Total annual   average number    of hours of
                                   recordkeepers      by each        responses     of hours per    annual burden
                                     per year                                         record      in fiscal year
----------------------------------------------------------------------------------------------------------------
Generally.......................               5              82             410               1           2,050
Liquidity Resource Due Diligence               7               4              28              10             280
 and Testing....................
Financial and Liquidity                        7               4              28              10             280
 Resources, Excluding Due
 Diligence......................
Generally.......................               7              28             196              10           1,960
                                 -------------------------------------------------------------------------------
    Totals......................  ..............             118             662              31           4,570
----------------------------------------------------------------------------------------------------------------

[FR Doc. 2017-11105 Filed 5-26-17; 8:45 am]
BILLING CODE 6351-01-P



                                                24688                          Federal Register / Vol. 82, No. 102 / Tuesday, May 30, 2017 / Notices

                                                determined that formal consultation                     notice in the Federal Register                        provided for in subpart C, part 39 of the
                                                under section 7 of the ESA is not                       concerning each proposed collection of                Commission Regulations for DCOs that
                                                required for this action.                               information, including each proposed                  elect to be held to the same standards
                                                                                                        extension of an existing collection, and              as systemically important DCOs
                                                National Environmental Policy Act
                                                                                                        to allow 60 days for public comment.                  (‘‘SIDCOs’’) regulatory requirements
                                                  In compliance with NOAA policy, the                   DATES: Comments must be submitted on                  (‘‘Subpart C DCOs’’). These additional
                                                National Environmental Policy Act of                    or before July 31, 2017.                              standards are mandatory for SIDCOs
                                                1969 (NEPA) (42 U.S.C. 4321 et seq.),                                                                         and optional for Subpart C DCOs. An
                                                                                                        ADDRESSES: You may submit comments,
                                                and the Council on Environmental                                                                              agency may not conduct or sponsor, and
                                                Quality Regulations (40 CFR parts 1500–                 identified by OMB Control No. 3038–
                                                                                                        0081 by any of the following methods:                 a person is not required to respond to,
                                                1508), NMFS determined the issuance                                                                           an information collection unless it
                                                of the IHA qualifies to be categorically                   • The Agency’s Web site, at http://
                                                                                                        comments.cftc.gov/. Follow the                        displays a valid OMB control number.
                                                excluded from further NEPA review.                                                                            An explanation of the ICs and the
                                                This action is consistent with categories               instructions for submitting comments
                                                                                                                                                              current burden estimates are provided
                                                of activities identified in CE B4 of the                through the Web site.
                                                                                                                                                              for below:
                                                Companion Manual for NOAA                                  • Mail: Christopher Kirkpatrick,
                                                                                                                                                                 Title: Derivatives Clearing
                                                Administrative Order 216–6A, which do                   Secretary of the Commission,
                                                                                                                                                              Organizations, General Regulations and
                                                not individually or cumulatively have                   Commodity Futures Trading                             International Standards; OMB Control
                                                the potential for significant impacts on                Commission, Three Lafayette Centre,                   No. 3038–0081. This is a request for
                                                the quality of the human environment                    1155 21st Street NW., Washington, DC                  extension of a currently approved OMB
                                                and we have not identified any                          20581.                                                Control No. 3038–0081.
                                                                                                           • Hand Delivery/Courier: Same as                      Abstract:
                                                extraordinary circumstances that would
                                                                                                        Mail above.                                              (A) Annual report provided for in
                                                preclude this categorical exclusion.
                                                                                                           • Federal eRulemaking Portal: http://              Derivatives Clearing Organization
                                                Authorization                                           www.regulations.gov/. Follow the                      General Provisions and Core Principles.
                                                   NMFS has issued an IHA to the NPS                    instructions for submitting comments                  Section 725(c) of the Dodd-Frank Act
                                                at Glacier Bay NP for the harassment of                 through the Portal.                                   amended Section 5b(c)(2) of the CEA to
                                                small numbers of harbor seals incidental                   Please submit your comments using                  allow the Commission to establish
                                                to conducting monitoring and research                   only one method.                                      regulatory standards for compliance
                                                studies on glaucous-winged gulls within                 FOR FURTHER INFORMATION CONTACT:                      with the DCO core principles.
                                                Glacier Bay NP, Alaska provided the                     Tracey Wingate, Special Counsel,                      Accordingly, the Commission adopted a
                                                previously mentioned mitigation,                        Division of Clearing and Risk,                        final rule to set specific standards for
                                                monitoring, and reporting requirements                  Commodity Futures Trading                             compliance with DCO Core Principles.2
                                                are incorporated.                                       Commission, (202) 418–5318; email:                    The DCO Final Rule requires the
                                                  Dated: May 23, 2017.                                  twingate@cftc.gov.                                    appointment of a CCO, the filing of an
                                                Donna S. Wieting,                                       SUPPLEMENTARY INFORMATION: Under the                  annual report and adherence to certain
                                                                                                        PRA, 44 U.S.C. 3501 et seq., Federal                  recordkeeping requirements.3 It also
                                                Director, Office of Protected Resources,
                                                National Marine Fisheries Service.                      agencies must obtain approval from the                allows the Commission to collect
                                                                                                        Office of Management and Budget                       information at other times as necessary.
                                                [FR Doc. 2017–11036 Filed 5–26–17; 8:45 am]
                                                                                                        (OMB) for each collection of                          The information collected in the annual
                                                BILLING CODE 3510–22–P
                                                                                                        information they conduct or sponsor.                  report pursuant to those regulations is
                                                                                                        ‘‘Collection of Information’’ is defined              necessary for the Commission to
                                                                                                        in 44 U.S.C. 3502(3) and 5 CFR 1320.3                 evaluate whether DCOs are complying
                                                COMMODITY FUTURES TRADING                                                                                     with Commission regulations.
                                                                                                        and includes agency requests or
                                                COMMISSION                                                                                                       (B) Subpart C Election Form and other
                                                                                                        requirements that members of the public
                                                                                                        submit reports, keep records, or provide              reporting and recordkeeping
                                                Agency Information Collection
                                                                                                        information to a third party. Section                 requirements provided for in subpart C,
                                                Activities: Extension of Information
                                                                                                        3506(c)(2)(A) of the PRA, 44 U.S.C.                   part 39 of the Commission Regulations.
                                                Collections Under the Dodd-Frank Act
                                                                                                        3506(c)(2)(A), requires Federal agencies              In the Derivatives Clearing
                                                AGENCY: Commodity Futures Trading                       to provide a 60-day notice in the                     Organizations and International
                                                Commission.                                             Federal Register concerning each                      Standards final rule (SIDCO-Subpart C
                                                ACTION: Notice.                                         proposed collection of information                    DCO Final Rule),4 the Commission
                                                                                                        before submitting the collection to OMB               adopted amendments to its regulations
                                                SUMMARY:   The Commodity Futures
                                                                                                        for approval. To comply with this
                                                Trading Commission (‘‘Commission’’ or                                                                           2 See Derivatives Clearing Organization General
                                                                                                        requirement, the CFTC is publishing
                                                ‘‘CFTC’’) is announcing an opportunity                                                                        Provisions and Core Principles, 76 FR 69334
                                                                                                        notice of the proposed collection of                  (November 8, 2011) (DCO Final Rule).
                                                for public comment on the extension of
                                                                                                        information listed below.                               3 These DCO recordkeeping requirements and
                                                two information collections (ICs), one                     This notice solicits comments on two               associated costs are captured in separate proposed
                                                concerning the filing of an annual report               ICs contained in OMB Control No.                      rulemakings under separate OMB Control Nos.;
                                                provided for in the Derivatives Clearing                3038–0081: (A) The filing of an annual                specifically, see Risk Management Requirements for
                                                Organization General Provisions and                     report provided for in Derivatives
                                                                                                                                                              Derivatives Clearing Organizations; 76 FR 3698 (Jan.
                                                Core Principles regulations and the                                                                           20, 2011) (OMB Control No. 3038–0076);
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                                                                                                        Clearing Organization General                         Information Management Requirements for
                                                other concerning the filing of a Subpart                Provisions and Core Principles 1 (part 39             Derivatives Clearing Organizations, 75 FR 78185
                                                C Election Form and other reporting and                                                                       (Dec. 15, 2010) (OMB Control No. 3038–0069); and
                                                                                                        of the Commission Regulations); and,
                                                recordkeeping requirements provided                                                                           Financial Resources requirements for Derivatives
                                                                                                        (B) filing of the Subpart C Election Form             Clearing Organizations, 75 FR 63113 (Oct. 14, 2010)
                                                for in subpart C, part 39 of the
                                                                                                                                                              (OMB Control No. 3038–0066).
                                                Commission Regulations. Under the                         1 OMB Control No. 3038–0081 is being retitled to      4 See Derivatives Clearing Organizations and
                                                Paperwork Reduction Act (‘‘PRA’’),                      more accurately reflect the information collections   International Standards, 78 FR 72476 (December 2,
                                                Federal agencies are required to publish                covered.                                              2013) (SIDCO-Subpart C DCO Final Rule).



                                           VerDate Sep<11>2014   19:59 May 26, 2017   Jkt 241001   PO 00000   Frm 00030   Fmt 4703   Sfmt 4703   E:\FR\FM\30MYN1.SGM   30MYN1


                                                                                           Federal Register / Vol. 82, No. 102 / Tuesday, May 30, 2017 / Notices                                                                    24689

                                                to establish additional standards for                                        Further, each of these requirements                              Commission to consider information
                                                compliance with the DCO core                                                 implies recordkeeping that would be                              that you believe is exempt from
                                                principles set forth in Section 5b(c)(2) of                                  produced by a DCO to the Commission                              disclosure under the Freedom of
                                                the CEA for SIDCOs and Subpart C                                             on an occasional basis to demonstrate                            Information Act, a petition for
                                                DCOs which are consistent with certain                                       compliance with the rules. The                                   confidential treatment of the exempt
                                                international standards. Specifically, the                                   information that would be collected                              information may be submitted according
                                                additional requirements address any                                          under in subpart C, part 39 of the                               to the procedures established in § 145.9
                                                remaining gaps between the                                                   Commission Regulations is necessary                              of the Commission’s regulations.5
                                                Commission’s existing regulations and                                        for the Commission to determine                                     The Commission reserves the right,
                                                the Principles for Financial Market                                          whether a DCO meets the Subpart C                                but shall have no obligation, to review,
                                                Infrastructures (‘‘PFMI’’) published by                                      DCO standards and is likely to be able                           pre-screen, filter, redact, refuse or
                                                the Committee on Payments and Market                                         to maintain compliance with such                                 remove any or all of your submission
                                                Infrastructures and the Board of the                                         standards; to evaluate whether SIDCOs                            from http://www.cftc.gov that it may
                                                International Organization of Securities                                     and Subpart C DCOs are complying with                            deem to be inappropriate for
                                                Commissions.                                                                 Commission regulations; and to perform                           publication, such as obscene language.
                                                                                                                             risk analyses with respect to SIDCOs                             All submissions that have been redacted
                                                   The SIDCO-Subpart C DCO Final Rule
                                                                                                                             and Subpart C DCOs.                                              or removed that contain comments on
                                                also established the process whereby                                            With respect to the collection of
                                                DCO and DCO applicants, respectively,                                                                                                         the merits of the Information Collection
                                                                                                                             information, the CFTC invites                                    Request will be retained in the public
                                                may elect to become Subpart C DCOs                                           comments on:
                                                subject to the provisions of Subpart C.                                                                                                       comment file and will be considered as
                                                                                                                                • Whether the proposed collection of                          required under the Administrative
                                                The election involves filing the Subpart                                     information is necessary for the proper
                                                C Election Form contained in appendix                                                                                                         Procedure Act and other applicable
                                                                                                                             performance of the functions of the                              laws, and may be accessible under the
                                                B to part 39 of the Commission’s                                             Commission, including whether the
                                                regulations, which involves completing                                                                                                        Freedom of Information Act.
                                                                                                                             information will have a practical use;                              Burden Statement: The total annual
                                                certifications, providing exhibits, and                                         • The accuracy of the Commission’s                            time burden for all respondents is
                                                drafting and publishing responses to the                                     estimate of the burden of the proposed
                                                PFMI Disclosure Framework and PFMI                                                                                                            estimated to be 18,472 hours.
                                                                                                                             collection of information, including the                            See Appendix A for an individual
                                                Quantitative Information Disclosure, as                                      validity of the methodology and
                                                applicable. Additionally, the SIDCO-                                                                                                          breakdown for burden for annual
                                                                                                                             assumptions used;                                                reports provided for in Derivatives
                                                Subpart C DCO Final Rule provides for                                           • Ways to enhance the quality,
                                                Commission requests for supplemental                                                                                                          Clearing Organization General
                                                                                                                             usefulness, and clarity of the
                                                information from those requesting                                                                                                             Provisions and Core Principles.
                                                                                                                             information to be collected; and
                                                Subpart C DCO status; requires                                                  • Ways to minimize the burden of                                 See Appendix B for an individual
                                                amendments to the Subpart C Election                                         collection of information on those who                           breakdown for burden for Subpart C
                                                Form in the event that a DCO or DCO                                          are to respond, including through the                            Election Form and other reporting and
                                                Applicant, respectively, discovers a                                         use of appropriate automated electronic,                         recordkeeping requirements provided
                                                material omission or error in, or if there                                   mechanical, or other technological                               for in subpart C, part 39 of the
                                                is a material change in, the information                                     collection techniques or other forms of                          Commission Regulations.
                                                provided in the Subpart C Election                                           information technology; e.g., permitting                           Authority: 44 U.S.C. 3501 et seq.
                                                Form; to submit a notice of withdrawal                                       electronic submission of responses.                                Dated: May 19, 2017.
                                                to the Commission in the event the DCO                                          All comments must be submitted in                             Robert N. Sidman,
                                                or DCO applicant determines not to seek                                      English, or if not, accompanied by an
                                                                                                                                                                                              Deputy Secretary of the Commission.
                                                Subpart C DCO status prior to such                                           English translation. Comments will be
                                                status becoming effective; and                                               posted as received to http://                                    Appendix A—Derivatives Clearing
                                                procedures by which a Subpart C DCO                                          www.cftc.gov. You should submit only                             Organization General Provisions and
                                                may rescind its Subpart C DCO status                                         information that you wish to make                                Core Principles OMB Collection 3038–
                                                after it has been permitted to take effect.                                  available publicly. If you wish the                              0081

                                                                                     ANNUAL REPORTING REQUIREMENTS FOR DERIVATIVES CLEARING ORGANIZATIONS
                                                                                                                                                                                                                             Estimated total
                                                                                                                                                                                                                Estimated       number of
                                                                                                                                                                             Reports                             average         hours of
                                                                                                                                                                           annually by      Total annual
                                                                          Estimated number of respondents per year                                                                                              number of    annual burden
                                                                                                                                                                              each           responses          hours per     in fiscal year
                                                                                                                                                                           respondent                           response       (maximum:
                                                                                                                                                                                                                                 12 × 80)

                                                12 .....................................................................................................................         1               12              40–80          480–960



                                                Appendix B—Subpart C Election Form
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                                                and Other Reporting and
                                                Recordkeeping Requirements Provided
                                                for in Subpart C, Part 39 of the
                                                Commission Regulations OMB
                                                Collection 3038–0081

                                                  5 17   CFR 145.9.



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                                                24690                                    Federal Register / Vol. 82, No. 102 / Tuesday, May 30, 2017 / Notices

                                                                                                 SIDCO/SUBPART C DCO REGULATIONS—REPORTING COLLECTION
                                                                                                                                                                                                            Estimated     Estimated total
                                                                                                                                              Estimated                  Reports                             average         number of
                                                                                                                                              number of                                 Total annual
                                                                                                                                                                        annually by                         number of         hours of
                                                                                                                                             respondents                                 responses
                                                                                                                                                                           each                             hours per     annual burden
                                                                                                                                               per year                                                     response       in fiscal year

                                                Certifications—Subpart C Election Form .............................                                             5                 1                 5              25               125
                                                Exhibits A thru G—Subpart C Election Form ......................                                                 5                 1                 5             155               775
                                                Disclosure Framework Responses ......................................                                            5                 1                 5             200             1,000
                                                Quantitative Information Disclosures ...................................                                         5                 1                 5              80               400
                                                Supplemental Information ....................................................                                    5                 5                25              45             1,125
                                                Amendments to Subpart C Election Form ...........................                                                5                 3                15               8               120
                                                Withdrawal Notices ..............................................................                                1                 1                 1               2                 2
                                                Rescission Notices ...............................................................                               1                75                75               3               225
                                                Written Governance Arrangements .....................................                                            7                 1                 7             200             1,400
                                                Governance Disclosures ......................................................                                    7                 6                42               3               126
                                                Financial and Liquidity Resource Documentation ...............                                                   7                 1                 7             120               840
                                                Stress Test Results ..............................................................                               7                16               112              14             1,568
                                                Disclosure Framework Requirements (SIDCOs Only) ........                                                         2                 1                 2             200               400
                                                Disclosure Framework Requirements (Both) .......................                                                 7                 1                 7              80               560
                                                Quantitative Information Disclosures (SIDCOs Only) ..........                                                    2                 1                 2              80               160
                                                Quantitative Information Disclosures (Both) ........................                                             7                 1                 7              35               245
                                                Transaction, Segregation, Portability Disclosures ...............                                                7                 2                14              35               490
                                                Efficiency and Effectiveness Review ...................................                                          7                 1                 7               3                21
                                                Recovery and Wind-Down Plan ...........................................                                          7                 1                 7             480             3,360

                                                      Totals ............................................................................   ........................             120               350            1,768           12,942


                                                                                            SIDCO/SUBPART C DCO REGULATIONS—RECORDKEEPING COLLECTION
                                                                                                                                                                                                            Estimated     Estimated total
                                                                                                                                              Estimated                Records to be                         average         number of
                                                                                                                                              number of                                 Total annual
                                                                                                                                                                       kept annually                        number of         hours of
                                                                                                                                            recordkeepers                                responses
                                                                                                                                                                         by each                            hours per     annual burden
                                                                                                                                               per year                                                       record       in fiscal year

                                                Generally ..............................................................................                         5                82               410               1             2,050
                                                Liquidity Resource Due Diligence and Testing ...................                                                 7                 4                28              10               280
                                                Financial and Liquidity Resources, Excluding Due Dili-
                                                  gence ................................................................................                         7                 4                28              10               280
                                                Generally ..............................................................................                         7                28               196              10             1,960

                                                      Totals ............................................................................   ........................             118               662              31             4,570



                                                [FR Doc. 2017–11105 Filed 5–26–17; 8:45 am]                               ADDRESSES:  The address of the open                             1976 (5 U.S.C. 552b, as amended), and
                                                BILLING CODE 6351–01–P                                                    meeting is the Gatehouse, 8111                                  41 CFR 102–3.140 and 102–3.150.
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                                                                                                                          Church, Virginia 22042 (registration                            Meeting: Additional information,
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                                                DEPARTMENT OF DEFENSE                                                     SUPPLEMENTARY INFORMATION, ‘‘Meeting                            DHB Web site, http://www.health.mil/
                                                                                                                          Accessibility’’).                                               dhb.
                                                Office of the Secretary
                                                                                                                                                                                             Purpose of the Meeting: The
                                                                                                                          FOR FURTHER INFORMATION CONTACT:
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sradovich on DSK3GMQ082PROD with NOTICES




                                                (DoD) is publishing this notice to                                        be found on the Web site.                                       on specific taskings before the DHB.
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                                                and from 1:30 p.m. to 5:00 p.m.                                           Government in the Sunshine Act of                               1:30 p.m. to 5:00 p.m. on June 26, 2017.


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Document Created: 2018-11-08 08:54:53
Document Modified: 2018-11-08 08:54:53
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 July 31, 2017.
ContactTracey Wingate, Special Counsel, Division of Clearing and Risk, Commodity Futures Trading Commission, (202) 418-5318; email: [email protected]
FR Citation82 FR 24688 

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