2018-02572
Federal Register, Volume 83 Issue 28 (Friday, February 9, 2018)
[Federal Register Volume 83, Number 28 (Friday, February 9, 2018)]
[Notices]
[Pages 5761-5762]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-02572]
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COMMODITY FUTURES TRADING COMMISSION
Agency Information Collection Activities: Notice of Intent To
Extend Collection 3038-0095; Large Trader Reporting for Physical
Commodity Swaps
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 the information collection
requirements set out in part 20 of the Commission's regulations
concerning large trader reporting for physical commodity swaps.
DATES: Comments must be submitted on or before April 10, 2018.
ADDRESSES: You may submit comments, identified by ``3038-0095'' 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.
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: Owen J. Kopon, Special Counsel,
Division of Market Oversight, Commodity Futures Trading Commission,
(202) 418-5360; 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.
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. 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. To comply
with this requirement, the CFTC is publishing notice of the proposed
collection of information listed below.
Title: Large Trader Reporting for Physical Commodity Swaps, (OMB
Control No. 3038-0095). This is a request for extension of a currently
approved information collection.
Abstract: Part 20 of the Commission's regulations (``Reporting
Rules'') requires clearing organizations and any persons that are
``reporting entities'' to file swaps position data with the Commission.
The Reporting Rules collect clearing member reports from clearing
organizations. The Reporting Rules also require position reports from
reporting entities for principal and counterparty positions in cleared
and uncleared physical commodity swaps. Reporting entities are those
persons that are either ``clearing members'' or ``swap dealers'' that
are otherwise not clearing members. For purposes of part 20, reporting
parties are required to submit data on positions on a futures
equivalent basis so as to allow the Commission to assess a trader's
market impact across differently structured but linked derivatives
instruments and markets. This renewal updates the total requested
burden based on available reported data.
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 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 annual respondent burden for this collection during the renewal
period is estimated to be as follows:
Estimated Number of Respondents: 4,824.
Estimated Average Annual Burden Hours per Respondent:
1.55.
Estimated Total Annual Number of Responses: 56,088.
[[Page 5762]]
Estimated Total Annual Burden Hours: 86,902.
Type of Respondents: Respondents may include clearing
organizations, persons that are clearing members or swap dealers that
are reporting entities, and large swap counterparties.
(Authority: 44 U.S.C. 3501 et seq.)
Dated: February 5, 2018.
Robert N. Sidman,
Deputy Secretary of the Commission.
[FR Doc. 2018-02572 Filed 2-8-18; 8:45 am]
BILLING CODE 6351-01-P
Last Updated: February 9, 2018