2018-15800
Federal Register, Volume 83 Issue 142 (Tuesday, July 24, 2018)
[Federal Register Volume 83, Number 142 (Tuesday, July 24, 2018)]
[Notices]
[Pages 34986-34987]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-15800]
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COMMODITY FUTURES TRADING COMMISSION
Agency Information Collection Activities: Notice of Intent To
Extend Collection 3038-0069, Information Management Requirements for
Derivatives Clearing Organizations
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, including each proposed extension or renewal
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 (``DCOs'').
DATES: Comments must be submitted on or before September 24, 2018.
ADDRESSES: You may submit comments, identified by OMB Control No. 3038-
0069, 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: Eileen Chotiner, Division of Clearing
and Risk, Commodity Futures Trading Commission, (202) 418-5467; 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: Information Management Requirements for Derivatives Clearing
Organizations (OMB Control No. 3038-0069). This is a request for
extension of a currently approved information collection.
Abstract: Part 39 of the Commission's regulations establishes
information management requirements for registered DCOs. The Commission
will use the information in this collection to assess compliance of
DCOs with requirements for DCOs prescribed in the Commodity Exchange
Act and Commission 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.
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 requirements 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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\2\ 16 respondents x 250 annual responses per respondent = 4,000
total responses, x 0.1 hours per response = 400 total annual burden
hours.
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Burden Statement
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\3\ 16 respondents x 1 annual response per respondent = 16 total
responses, x 2,606 hours per response = 41,696 total annual burden
hours.
1. Collection 3038-0069--Daily Reporting Requirements for Derivatives Clearing Organizations
[Regulation 39.19]
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Estimated
Reports Total annual average number Estimated
Estimated number of respondents per year annually by responses of hours per total annual
each response burden hours
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16.......................................... 250 4,000 0.1 \2\ 400
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[[Page 34987]]
2. Collection 3038-0069--Annual Reporting Requirement for Derivatives Clearing Organizations
[Regulation 39.19]
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Estimated
Reports Total annual average number Estimated
Estimated number of respondents per year annually by responses of hours per total annual
each response burden hours
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16.......................................... 1 16 2,606 \3\ 41,696
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3. Event-Specific Reporting Requirements for Derivatives Clearing Organizations
[Regulation 39.19]
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Estimated
Reports Total annual average number Estimated
Estimated number of respondents per year annually by responses of hours per total annual
each response burden hours
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16.......................................... 4 64 5.6 \4\ 358.4
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4. Collection 3038-0069--Recordkeeping Requirements for Derivatives Clearing Organizations
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Estimated
Reports Total annual average number Estimated
Estimated number of respondents per year annually by responses of hours per total annual
each response burden hours
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16.......................................... 1 16 100 1,600
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Respondents/affected entities: Derivatives clearing organizations
(DCOs).
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\4\ 16 respondents x 4 annual responses per respondent = 64
total responses, x 5.6 hours per response = 358.4 total annual
burden hours.
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Estimated annual number of respondents: 16.\5\
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\5\ Includes 16 currently registered DCOs (an increase of 2
since the last extension).
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Estimated hours per response: 10 hours.\6\
Annual responses by each respondent: 260.
Grand total annual burden hours: 44,054 hours (400 + 41,696 + 358.4
+ 1,600).
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\6\ Since burden hours vary widely within the collection (see
above tables), this is the average of burden hours per response for
the collection as a whole (aggregate of 2,661.7 hours per response/
aggregate of 260 responses = 10.24 hours, rounded to 10).
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Frequency of collection: Daily, annually, and on occasion.
There are no capital costs or operating and maintenance costs
associated with this collection.
(Authority: 44 U.S.C. 3501 et seq.)
Dated: July 19, 2018.
Robert Sidman,
Deputy Secretary of the Commission.
[FR Doc. 2018-15800 Filed 7-23-18; 8:45 am]
BILLING CODE 6351-01-P