2015-19402
Federal Register, Volume 80 Issue 152 (Friday, August 7, 2015)
[Federal Register Volume 80, Number 152 (Friday, August 7, 2015)]
[Notices]
[Pages 47477-47478]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-19402]
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COMMODITY FUTURES TRADING COMMISSION
Agency Information Collection Activities: Notice of Intent To
Renew Collection 3038-0096, Swap Data Recordkeeping and Reporting
Requirements
AGENCY: Commodity Futures Trading Commission.
ACTION: Notice.
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SUMMARY: The Commodity Futures Trading Commission (``CFTC'' or
``Commission'') 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 and to allow 60 days for public comment. This
notice solicits comments on the swap data recordkeeping and reporting
requirements codified in 17 CFR part 45. This part imposes
recordkeeping and reporting requirements on the following entities:
Swap Data Repositories (``SDRs''), Swap Execution Facilities
(``SEFs''), Designated Contract Markets (``DCMs''), Derivatives
Clearing Organizations (``DCOs''), Swap Dealers (``SDs''), Major Swap
Participants (``MSPs)'', and swap counterparties that are neither swap
dealers nor major swap participants (``non-SD/MSP counterparties'').
DATES: Comments must be submitted on or before October 6, 2015.
ADDRESSES: You may submit comments, identified by ``Renewal of
Collection Pertaining to Swap Data Recordkeeping and Reporting
Requirements,'' or Renewal 3038-0096, 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: Thomas Guerin, Division of Market
Oversight, Commodity Futures Trading Commission, 1155 21st Street NW.,
(202) 734-4194; email: [email protected], and refer to OMB Control No.
3038-0096.
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 Recordkeeping and Reporting Requirements (OMB
Control No. 3038-0096). This is a request for extension of a currently
approved information collection.
Abstract: The collection of information is needed to ensure that
the CFTC and other regulators have access to complete data concerning
swaps, as required by the Commodity Exchange Act as amended by the
Dodd-Frank Wall Street Reform and Consumer Protection Act, Public Law
111-203, 124 Stat. 1376 (2010). The data would be reported to and
maintained in SDRs, where it would not be disclosed publicly, but would
be available to the CFTC and other financial regulators for fulfillment
of various regulatory mandates. The information is for use by
government entities to provide oversight and supervision and to ensure
compliance with statutes and regulations relating to swaps.
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 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 this collection
is estimated to be 445,910 hours. This estimate includes the time to
comply with swap data recordkeeping and reporting requirements codified
in 17 CFR part 45. Provisions of CFTC
[[Page 47478]]
Regulations 45.2, 45.3, 45.4, 45.5, 45.6, 45.7, and 45.14 result in
information collection requirements within the meaning of the PRA. To
the extent that the recordkeeping and reporting requirements codified
in 17 CFR part 45 overlap with the requirements of other rulemakings
for which the CFTC prepared and submitted an information collection
burden estimate to OMB, the burden associated with the requirements are
not being accounted for in the burden estimate for information
collections under 17 CFR part 45 to avoid unnecessary duplication of
information collection burdens.
Respondents/Affected Entities: SDRs, SEFs, DCMS, DCOs, SDs, MSPs,
and non-SD/MSP counterparties.
Estimated number of respondents: 30,210.
Estimated total annual burden on respondents: 445,910 hours.
Frequency of collection: Ongoing.
Authority: 44 U.S.C. 3501 et seq.
Dated: August 3, 2015.
Robert N. Sidman,
Deputy Secretary of the Commission.
[FR Doc. 2015-19402 Filed 8-6-15; 8:45 am]
BILLING CODE 6351-01-P