83 FR 31530 - Agency Information Collection Activities: Notice of Intent To Renew Collection 3038-0097, Process for Review of Swaps for Mandatory Clearing

COMMODITY FUTURES TRADING COMMISSION

Federal Register Volume 83, Issue 130 (July 6, 2018)

The Commodity Futures Trading Commission (``Commission'' or ``CFTC'') is announcing an opportunity for public comment on the proposed 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 reporting and recordkeeping requirements relating to information management requirements for derivatives clearing organizations.

[Federal Register Volume 83, Number 130 (Friday, July 6, 2018)]
[Notices]
[Pages 31530-31531]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-14502]


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COMMODITY FUTURES TRADING COMMISSION


Agency Information Collection Activities: Notice of Intent To 
Renew Collection 3038-0097, Process for Review of Swaps for Mandatory 
Clearing

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 
proposed 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 reporting and recordkeeping 
requirements relating to information management requirements for 
derivatives clearing organizations.

DATES: Comments must be submitted on or before September 4, 2018.

ADDRESSES: You may submit comments, identified by OMB Control No. 3038-
0097 by any of the following methods:
     The Agency's website, at http://comments.cftc.gov/. Follow 
the instructions for submitting comments through the website.
     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.
    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: Megan Wallace, Senior Special Counsel, 
Division of Clearing and Risk, Commodity Futures Trading Commission, 
(202) 418-5150; 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, 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: Part 39, Process for Review of Swaps for Mandatory Clearing 
(OMB Control No. 3038-0097). This is a request for extension of a 
currently approved information collection.
    Abstract: The Commodity Exchange Act and Commission regulations 
require a derivatives clearing organization (``DCO'') that wishes to 
accept a swap for clearing to be eligible to clear the swap and to 
submit the swap to the Commission for a determination as to whether the 
swap is required to be cleared. Commission Regulation 39.5 sets forth 
the process for these submissions. The Commission will use the 
information in this collection to determine whether a DCO that wishes 
to accept a swap for clearing is eligible to clear the swap and whether 
the swap should be required to be cleared.
    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.\1\
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    \1\ 17 CFR 145.9.
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    The Commission reserves the right, but shall have no obligation, to 
review, pre-screen, filter, redact, refuse or remove any or all of your 
submission from http://www.cftc.gov that it may deem to be 
inappropriate for publication, such as obscene language. All 
submissions that have been redacted or removed that contain comments on 
the merits of the Information Collection Request will be retained in 
the public comment file and will be considered as required under the 
Administrative Procedure Act and other applicable laws, and may be 
accessible under the Freedom of Information Act.
    Burden Statement: The respondent burden for this collection is 
estimated to be as follows:

[[Page 31531]]



 
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                                                   Annual
                                               submission(s)     Total annual    Annual number     Total annual
        Annual number of respondents              by each         responses       of hours per     burden hours
                                                 respondent                         response
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16..........................................               1               16               40              640
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    Respondents/Affected Entities: Derivatives clearing organizations.
    Frequency of Collection: Daily, annual, and on occasion.

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

    Dated: July 2, 2018.
Robert Sidman,
Deputy Secretary of the Commission.
[FR Doc. 2018-14502 Filed 7-5-18; 8:45 am]
 BILLING CODE 6351-01-P