82 FR 57430 - Agency Information Collection Activities: Notice of Intent To Extend Collection 3038-0066: Financial Resource Requirements for Derivatives Clearing Organizations

COMMODITY FUTURES TRADING COMMISSION

Federal Register Volume 82, Issue 232 (December 5, 2017)

Page Range		57430-57431
FR Document		2017-26141

The Commodity Futures Trading Commission (CFTC) is announcing an opportunity for public comment on the proposed extension of a 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, including each proposed extension of an existing collection of information, and to allow 60 days for public comment. This notice solicits comments on certain financial resource reporting requirements applicable to derivatives clearing organizations.

Federal Register, Volume 82 Issue 232 (Tuesday, December 5, 2017)

[Federal Register Volume 82, Number 232 (Tuesday, December 5, 2017)]
[Notices]
[Pages 57430-57431]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-26141]


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COMMODITY FUTURES TRADING COMMISSION


Agency Information Collection Activities: Notice of Intent To 
Extend Collection 3038-0066: Financial Resource Requirements for 
Derivatives Clearing Organizations

AGENCY: Commodity Futures Trading Commission.

ACTION: Notice.

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SUMMARY: The Commodity Futures Trading Commission (CFTC) is announcing 
an opportunity for public comment on the proposed extension of a 
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, including each proposed extension of an existing 
collection of information, and to allow 60 days for public comment. 
This notice solicits comments on certain financial resource reporting 
requirements applicable to derivatives clearing organizations.

DATES: Comments must be submitted on or before February 5, 2018.

ADDRESSES: You may submit comments, identified by ``OMB Control Number 
3038-0066'' 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. All comments 
must be submitted in English or, if not, accompanied by an English 
translation. Comments will be posted as received to http://www.cftc.gov.

FOR FURTHER INFORMATION CONTACT: Jocelyn Partridge, Special Counsel, 
Division of Clearing and Risk, (202) 418-5926, email: 
[email protected].

SUPPLEMENTARY INFORMATION: Under the PRA, Federal agencies must obtain 
approval from the Office of Management and Budget (OMB) for each 
collection of information they conduct or sponsor. ``Collection of 
Information'' is defined in 44 U.S.C. 3502(3) and 5 CFR 1320.3 and 
includes agency requests or requirements that members of the public 
submit reports, keep records, or provide information to a third party. 
An agency may not conduct or sponsor, and a person is not required to 
respond to, a collection of information unless it displays a valid OMB 
control number. Section 3506(c)(2)(A) of the PRA, 44 U.S.C. 
3506(c)(2)(A), requires a Federal agency to provide a 60-day notice in 
the Federal Register concerning each proposed collection of 
information, including each proposed extension of an existing 
collection of information, before submitting the collection to OMB for 
approval. To comply with this requirement, the Commission is publishing 
notice of the proposed extension of the collection of information 
listed below.
    Title: Financial Resource Requirements for Derivatives Clearing 
Organizations (OMB Control No. 3038-0066). This is a request for an 
extension

[[Page 57431]]

of a currently approved information collection.
    Abstract: This collection of information involves the financial 
resource reporting requirements set forth in section 39.11 of the 
Commission's regulations.
    Section 5b(c)(2) of the Commodity Exchange Act (CEA or Act) \1\ 
sets forth certain core principles with which a derivatives clearing 
organization (DCO) must comply in order to become registered with the 
Commission and to maintain such registration. One of these core 
principles, core principle B, sets forth the financial resource 
requirements applicable to DCOs. Section 5b(c)(2) also requires DCOs to 
comply with the regulations promulgated by the Commission pursuant to 
section 8a(5) of the Act.\2\ Section 39.11 of the Commission's 
regulations, which implements core principle B, includes the financial 
resource reporting requirements that are the subject of this 
information collection. The information collection is necessary for, 
and would be used by, the Commission to evaluate a DCO's compliance 
with the financial resource requirements for DCOs prescribed in the 
Commodity Exchange Act, including core principle B, and the 
Commission's regulations.
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    \1\ 7 U.S.C. 7a-1(c)(2).
    \2\ Section 8a(5) of the CEA authorizes the Commission to 
promulgate such rules and regulations as, in the judgment of the 
Commission, are reasonably necessary to effectuate any of the 
provisions or to accomplish any of the purposes of the CEA. 7 U.S.C. 
12a(5).
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    With respect to the collection of information, the CFTC invites 
comments on:

     Whether the proposed collection of information is 
necessary for the proper performance of the functions of the 
Commission, including whether the information will have a practical 
use;
     The accuracy of the Commission's estimate of the burden 
of the proposed collection of information, including the validity of 
the methodology and assumptions used;
     Ways to enhance the quality, usefulness, and clarity of 
the information to be collected; and
     Ways to minimize the burden of collection of 
information on those who are to respond, including through the use 
of appropriate automated electronic, mechanical, or other 
technological collection techniques or other forms of information 
technology; e.g., permitting electronic submission of responses.

    You should submit only information that you wish to make available 
publicly. If you wish the Commission to consider information that you 
believe is exempt from disclosure under the Freedom of Information Act, 
a petition for confidential treatment of the exempt information may be 
submitted according to the procedures established in section 145.9 of 
the Commission's regulations.\3\ 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 
requirement 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.
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    \3\ 17 CFR 145.9.
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    Burden Statement: As noted above, this information collection 
renewal involves the requirement that a DCO that is registered with the 
Commission report certain information regarding its financial 
resources, the value thereof, and the basis for these calculations that 
is necessary for the Commission to assess the DCO's compliance with the 
financial resource requirements of the CEA and the Commission's 
regulations. The reporting requirements are contained in section 39.11 
of the Commission's regulations. The Commission has revised its 
estimate of the total annual burden hours for this collection to 
account for an increase in the number of respondents (from 14 to 17), 
but has maintained the original burden hour estimate of 10 hours per 
quarterly report as the reporting requirements have remain unchanged.
    The respondent burden for this collection is estimated to be as 
follows:
    Estimated Annual Number of Respondents: 17.
    Estimated Annual Number of Reports per Respondent: 4.
    Estimated Total Annual Number of Responses: 68.
    Estimated Average Number of Hours per Response: 10.
    Estimated Average Annual Burden Hours per Respondent: 40.
    Estimated Total Annual Burden Hours: 680 hours.
    Frequency of collection: Quarterly and on occasion.
    Type of Respondents: Derivatives clearing organizations.
    There are no capital or start-up costs associated with this 
information collection, nor are there any operating or maintenance 
costs associated with this information collection.

(Authority 44 U.S.C. 3501 et seq.)

    Dated: November 29, 2017.
Robert N. Sidman,
Deputy Secretary of the Commission.
[FR Doc. 2017-26141 Filed 12-4-17; 8:45 am]
 BILLING CODE 6351-01-P

57430 Federal Register / Vol. 82, No. 232 / Tuesday, December 5, 2017 / Notices

after publication of the final results of of the proceeding. Timely written financial resource reporting
this review. notification of the return/destruction of requirements applicable to derivatives
APO materials, or conversion to judicial clearing organizations.
Cash Deposit Requirements
protective order, is hereby requested. DATES: Comments must be submitted on
The following cash deposit Failure to comply with the regulations or before February 5, 2018.
requirements will be effective upon and the terms of an APO is a
publication of the notice of final results ADDRESSES: You may submit comments,
sanctionable violation.
of administrative review for all identified by ‘‘OMB Control Number
We are issuing and publishing this
shipments of subject merchandise 3038–0066’’ by any of the following
notice in accordance with sections
entered, or withdrawn from warehouse, methods:
751(a)(1) and 777(i)(1) of the Act and 19
for consumption on or after the • The Agency’s Web site, at http://
CFR 351.221(b)(5).
publication of the final results of this comments.cftc.gov/. Follow the
Dated: November 29, 2017. instructions for submitting comments
administrative review, as provided by
section 751(a)(2) of the Act: (1) The cash Gary Taverman, through the Web site.
deposit rate for respondents noted above Deputy Assistant Secretary for Antidumping • Mail: Christopher Kirkpatrick,
will be the rate established in the final and Countervailing Duty Operations, Secretary of the Commission,
results of this administrative review; (2) performing the non-exclusive functions and Commodity Futures Trading
duties of the Assistant Secretary for Commission, Three Lafayette Centre,
for merchandise exported by Enforcement and Compliance.
manufacturers or exporters not covered 1155 21st Street NW., Washington, DC
in this administrative review but Appendix 20581.
covered in a prior segment of the List of Topics Discussed in the Final Issues • Hand Delivery/Courier: Same as
proceeding, the cash deposit rate will and Decision Memorandum Mail above.
continue to be the company specific rate
I. Summary
• Federal eRulemaking Portal: http://
published for the most recently II. Background www.regulations.gov. Follow the
completed segment of this proceeding; III. Scope of the Order instructions for submitting comments
(3) if the exporter is not a firm covered IV. List of Comments through the Portal.
in this review, a prior review, or the V. Analysis of Comments Please submit your comments using
original investigation, but the Comment 1: Whether to Include Expenses only one method. All comments must be
manufacturer is, the cash deposit rate Related to Contract Cancellation Charges submitted in English or, if not,
will be the rate established for the most in Ghigi’s General and Administrative accompanied by an English translation.
recently completed segment of this (G&A) Expense Calculation Comments will be posted as received to
Comment 2: Whether to Adjust Zara’s G&A
proceeding for the manufacturer of the http://www.cftc.gov.
Expense Calculation to Reclassify
subject merchandise; and (4) the cash Certain Expenses FOR FURTHER INFORMATION CONTACT:
deposit rate for all other manufacturers Comment 3: Whether to Revise Jocelyn Partridge, Special Counsel,
or exporters will continue to be 15.45 Manufacturer Field Coding Division of Clearing and Risk, (202)
percent, the all-others rate established Comment 4: Whether to Revise Differential 418–5926, email: jpartridge@cftc.gov.
in the antidumping investigation as Pricing Methodology
VI. Recommendation SUPPLEMENTARY INFORMATION: Under the
modified by the section 129
determination. These cash deposit PRA, Federal agencies must obtain
[FR Doc. 2017–26165 Filed 12–4–17; 8:45 am]
requirements, when imposed, shall approval from the Office of Management
BILLING CODE 3510–DS–P
remain in effect until further notice. and Budget (OMB) for each collection of
information they conduct or sponsor.
Notification to Importers Regarding the ‘‘Collection of Information’’ is defined
Reimbursement of Duties COMMODITY FUTURES TRADING in 44 U.S.C. 3502(3) and 5 CFR 1320.3
COMMISSION and includes agency requests or
This notice also serves as a final
reminder to importers of their requirements that members of the public
Agency Information Collection
responsibility under 19 CFR 351.402(f) submit reports, keep records, or provide
Activities: Notice of Intent To Extend
to file a certificate regarding the information to a third party. An agency
Collection 3038–0066: Financial
reimbursement of antidumping and/or may not conduct or sponsor, and a
Resource Requirements for
countervailing duties prior to person is not required to respond to, a
Derivatives Clearing Organizations
liquidation of the relevant entries collection of information unless it
during the POR. Failure to comply with AGENCY: Commodity Futures Trading displays a valid OMB control number.
this requirement could result in the Commission. Section 3506(c)(2)(A) of the PRA, 44
Department’s presumption that ACTION: Notice. U.S.C. 3506(c)(2)(A), requires a Federal
reimbursement of antidumping and/or agency to provide a 60-day notice in the
countervailing duties occurred and the SUMMARY: The Commodity Futures Federal Register concerning each
subsequent assessment of doubled Trading Commission (CFTC) is proposed collection of information,
antidumping duties. announcing an opportunity for public including each proposed extension of an
comment on the proposed extension of existing collection of information,
Administrative Protective Order a collection of certain information by before submitting the collection to OMB
This notice also serves as a reminder the agency. Under the Paperwork for approval. To comply with this
to parties subject to administrative Reduction Act (PRA), Federal agencies requirement, the Commission is
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protective orders (APO) of their are required to publish notice in the publishing notice of the proposed
responsibility concerning the return or Federal Register concerning each extension of the collection of
destruction of proprietary information proposed collection of information, information listed below.
disclosed under APO in accordance including each proposed extension of an Title: Financial Resource
with 19 CFR 351.305(a)(3), which existing collection of information, and Requirements for Derivatives Clearing
continues to govern business to allow 60 days for public comment. Organizations (OMB Control No. 3038–
proprietary information in this segment This notice solicits comments on certain 0066). This is a request for an extension

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Federal Register / Vol. 82, No. 232 / Tuesday, December 5, 2017 / Notices 57431

of a currently approved information Freedom of Information Act, a petition Dated: November 29, 2017.
collection. for confidential treatment of the exempt Robert N. Sidman,
Abstract: This collection of information may be submitted according Deputy Secretary of the Commission.
information involves the financial to the procedures established in section [FR Doc. 2017–26141 Filed 12–4–17; 8:45 am]
resource reporting requirements set 145.9 of the Commission’s regulations.3 BILLING CODE 6351–01–P
forth in section 39.11 of the The Commission reserves the right, but
Commission’s regulations. shall have no obligation, to review, pre-
Section 5b(c)(2) of the Commodity screen, filter, redact, refuse or remove
Exchange Act (CEA or Act) 1 sets forth CORPORATION FOR NATIONAL AND
any or all of your submission from
certain core principles with which a COMMUNITY SERVICE
http://www.cftc.gov that it may deem to
derivatives clearing organization (DCO) be inappropriate for publication, such as Agency Information Collection
must comply in order to become obscene language. All submissions that Activities; Submission to the Office of
registered with the Commission and to have been redacted or removed that Management and Budget for Review
maintain such registration. One of these contain comments on the merits of the and Approval; Comment Request;
core principles, core principle B, sets information collection requirement will Disaster Response Cooperative
forth the financial resource be retained in the public comment file Agreements
requirements applicable to DCOs. and will be considered as required
Section 5b(c)(2) also requires DCOs to under the Administrative Procedure Act AGENCY: Corporation for National and
comply with the regulations and other applicable laws, and may be Community Service.
promulgated by the Commission accessible under the Freedom of ACTION: Notice.
pursuant to section 8a(5) of the Act.2 Information Act.
Section 39.11 of the Commission’s Burden Statement: As noted above, SUMMARY: The Corporation for National
regulations, which implements core this information collection renewal and Community Service (CNCS) has
principle B, includes the financial involves the requirement that a DCO submitted a public information
resource reporting requirements that are that is registered with the Commission collection request (ICR) entitled Disaster
the subject of this information report certain information regarding its Response Cooperative Agreements for
collection. The information collection is financial resources, the value thereof, review and approval in accordance with
necessary for, and would be used by, the and the basis for these calculations that the Paperwork Reduction Act of 1995.
Commission to evaluate a DCO’s is necessary for the Commission to DATES: Comments may be submitted,
compliance with the financial resource assess the DCO’s compliance with the identified by the title of the information
requirements for DCOs prescribed in the financial resource requirements of the collection activity, by January 4, 2018.
Commodity Exchange Act, including CEA and the Commission’s regulations. ADDRESSES: Comments may be
core principle B, and the Commission’s The reporting requirements are submitted, identified by the title of the
regulations. contained in section 39.11 of the information collection activity, to the
With respect to the collection of Commission’s regulations. The Office of Information and Regulatory
information, the CFTC invites Commission has revised its estimate of Affairs, Attn: Ms. Sharon Mar, OMB
comments on: the total annual burden hours for this Desk Officer for the Corporation for
• Whether the proposed collection of collection to account for an increase in National and Community Service, by
information is necessary for the proper the number of respondents (from 14 to any of the following two methods
performance of the functions of the 17), but has maintained the original within 30 days from the date of
Commission, including whether the burden hour estimate of 10 hours per publication in the Federal Register:
information will have a practical use; quarterly report as the reporting (1) By fax to: 202–395–6974,
• The accuracy of the Commission’s requirements have remain unchanged. Attention: Ms. Sharon Mar, OMB Desk
estimate of the burden of the proposed The respondent burden for this
collection of information, including the Officer for the Corporation for National
collection is estimated to be as follows: and Community Service; or
validity of the methodology and assumptions Estimated Annual Number of
used; (2) By email to: smar@omb.eop.gov.
• Ways to enhance the quality, usefulness,
Respondents: 17.
FOR FURTHER INFORMATION CONTACT:
and clarity of the information to be collected;
Estimated Annual Number of Reports
per Respondent: 4. Copies of this ICR, with applicable
and supporting documentation, may be
• Ways to minimize the burden of Estimated Total Annual Number of
Responses: 68. obtained by calling the Corporation for
collection of information on those who are to
respond, including through the use of Estimated Average Number of Hours National and Community Service, Chad
appropriate automated electronic, per Response: 10. Stover at 202–606–6925 or email to
mechanical, or other technological collection Estimated Average Annual Burden cstover@cns.gov. Individuals who use a
techniques or other forms of information Hours per Respondent: 40. telecommunications device for the deaf
technology; e.g., permitting electronic Estimated Total Annual Burden (TTY–TDD) may call 1–800–833–3722
submission of responses. Hours: 680 hours. between 8:00 a.m. and 8:00 p.m. Eastern
You should submit only information Frequency of collection: Quarterly and Time, Monday through Friday.
that you wish to make available on occasion. SUPPLEMENTARY INFORMATION: The OMB
publicly. If you wish the Commission to Type of Respondents: Derivatives is particularly interested in comments
consider information that you believe is clearing organizations. which:
There are no capital or start-up costs • Evaluate whether the proposed
sradovich on DSK3GMQ082PROD with NOTICES

exempt from disclosure under the
associated with this information collection of information is necessary
17 U.S.C. 7a–1(c)(2). collection, nor are there any operating for the proper performance of the
2 Section 8a(5) of the CEA authorizes the or maintenance costs associated with functions of CNCS, including whether
Commission to promulgate such rules and this information collection. the information will have practical
regulations as, in the judgment of the Commission,
are reasonably necessary to effectuate any of the (Authority 44 U.S.C. 3501 et seq.) utility;
provisions or to accomplish any of the purposes of • Evaluate the accuracy of the
the CEA. 7 U.S.C. 12a(5). 3 17 CFR 145.9. agency’s estimate of the burden of the

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Document Created: 2017-12-04 23:45:13
Document Modified: 2017-12-04 23:45:13

Category		Regulatory Information
Collection		Federal Register
sudoc Class		AE 2.7: GS 4.107: AE 2.106:
Publisher		Office of the Federal Register, National Archives and Records Administration
Section		Notices
Action		Notice.
Dates		Comments must be submitted on or before February 5, 2018.
Contact		Jocelyn Partridge, Special Counsel, Division of Clearing and Risk, (202) 418-5926, email: [email protected]
FR Citation		82 FR 57430