2015-01207
Federal Register, Volume 80 Issue 16 (Monday, January 26, 2015)
[Federal Register Volume 80, Number 16 (Monday, January 26, 2015)]
[Notices]
[Pages 3956-3957]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2015-01207]
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COMMODITY FUTURES TRADING COMMISSION
Agency Information Collection Activities: Notice of Intent To
Renew Collection 3038-0086, Swap Data Repositories; Registration and
Regulatory Requirements
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 requirements relating to Swap
Data Repositories (``SDRs''), including initial registration as an SDR,
maintaining registration as an SDR, swap data reporting, and swap data
recordkeeping.
DATES: Comments must be submitted on or before March 27, 2015.
ADDRESSES: You may submit comments, identified by ``Renewal of
Collection Pertaining to Swap Data Repositories; Registration and
Reporting Requirements'' by any of the following methods:
The Agency's Web site, at http://comments.cftc.gov. Follow
the
[[Page 3957]]
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: Benjamin DeMaria, Division of Market
Oversight, Commodity Futures Trading Commission, 1155 21st Street NW.,
Washington, DC 20581; (202) 418-5988; email: [email protected], and
refer to OMB Control No. 3038-0086.
SUPPLEMENTARY INFORMATION: Under the PRA, Federal agencies must obtain
approval from the Office of Management and Budget (``OMB'') for each
collection of information they conduct or sponsor. ``Collection of
Information'' is defined in 44 U.S.C. 3502(3) and 5 CFR 1320.3 and
includes agency requests or requirements that members of the public
submit reports, keep records, or provide information to a third party.
Section 3506(c)(2)(A) of the PRA, 44 U.S.C. 3506(c)(2)(A), requires
Federal agencies to provide a 60-day notice in the Federal Register
concerning each proposed collection of information before submitting
the collection to OMB for approval. To comply with this requirement,
the CFTC is publishing notice of the proposed collection of information
listed below.
Title: Swap Data Repositories; Registration and Regulatory
Requirements (OMB Control No. 3038-0086). This is a request for
extension of a currently approved information collection.
Abstract: Section 728 of the Dodd-Frank Wall Street Reform and
Consumer Protection Act, Public Law 111-203, 124 Stat. 1376 (2010),
specifically requires the CFTC to establish certain standards for the
governance, registration, and statutory duties applicable to SDRs. The
CFTC established these standards in part 49 of the CFTC's regulations.
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.\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 (``ICR'') 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 CFTC estimates that the total annual
respondent burden is:
Registration
Respondents/Affected Entities: Swap Data Repositories.
Estimated number of respondents: 6.
Estimated burden per response: 400 hours initially, 45 hours
ongoing.
Frequency of collection: Annual and occasional.
Total annual respondent burden: 2,400 hours initially, 270 hours
ongoing.
Reporting
Respondents/Affected Entities: Swap Data Repositories.
Estimated number of respondents: 6.
Estimated burden per response: 40,725 hours initially, 15,325 hours
ongoing.
Frequency of collection: Ongoing.
Total annual respondent burden: 244,350 hours initially, 91,950
hours ongoing.
Recordkeeping
Respondents/Affected Entities: Swap Data Repositories.
Estimated number of respondents: 6.
Estimated burden per response: 300 hours initially, 254 hours
ongoing.
Frequency of collection: Ongoing.
Total annual respondent burden: 1,800 hours initially, 1,524 hours
ongoing.
Disclosure
Respondents/Affected Entities: Swap Data Repositories.
Estimated number of respondents: 6.
Estimated burden per response: 100 hours initially, 1 hour ongoing.
Frequency of collection: Occasional.
Total annual respondent burden: 600 hours initially, 6 hours
ongoing.
Authority: 44 U.S.C. 3501 et seq.
Dated: January 20, 2015.
Christopher J. Kirkpatrick,
Secretary of the Commission.
[FR Doc. 2015-01207 Filed 1-23-15; 8:45 am]
BILLING CODE 6351-01-P