2018-20949
Federal Register, Volume 83 Issue 187 (Wednesday, September 26, 2018)
[Federal Register Volume 83, Number 187 (Wednesday, September 26, 2018)]
[Notices]
[Pages 48603-48605]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-20949]
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COMMODITY FUTURES TRADING COMMISSION
Agency Information Collection Activities Under OMB Review
AGENCY: Commodity Futures Trading Commission.
ACTION: Notice.
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SUMMARY: In compliance with the Paperwork Reduction Act of 1995 (PRA),
this notice announces that the Information Collection Request (ICR)
abstracted below has been forwarded to the Office of Management and
Budget (OMB) for review and comment. The ICR describes the nature of
the information collection and its expected costs and burden.
DATES: Comments must be submitted on or before October 26, 2018.
ADDRESSES: Comments regarding the burden estimate or any other aspect
of the information collection, including suggestions for reducing the
burden, may be submitted directly to the Office of Information and
Regulatory Affairs (OIRA) in OMB within 30 days of this notice's
publication by either of the following methods. Please identify the
comments by ``OMB Control No. 3038-0069.''
By email addressed to: [email protected] or
By mail addressed to: the Office of Information and
Regulatory Affairs, Office of Management and Budget, Attention Desk
Officer for the Commodity Futures Trading Commission, 725 17th Street
NW, Washington DC 20503.
A copy of all comments submitted to OIRA should be sent to the
Commodity Futures Trading Commission (the ``Commission'') by either of
the following methods. The copies should refer to ``OMB Control No.
3038-0069.''
By mail addressed to: Christopher Kirkpatrick, Secretary
of the Commission, Commodity Futures Trading Commission, Three
Lafayette Centre, 1155 21st Street NW, Washington, DC 20581;
By Hand Delivery/Courier to the same address; or
[[Page 48604]]
Through the Commission's website at http://comments.cftc.gov. Please follow the instructions for submitting
comments through the website.
A copy of the supporting statement for the collection of information
discussed herein may be obtained by visiting http://RegInfo.gov.
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\ 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.
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\1\ 17 CFR 145.9.
FOR FURTHER INFORMATION CONTACT: Eileen Chotiner, Senior Compliance
Analyst, Division of Clearing and Risk, Commodity Futures Trading
Commission, (202) 418-5467; email: [email protected], and refer to OMB
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Control No. 3038-0069.
SUPPLEMENTARY INFORMATION:
Title: ``Information Management Requirements for Derivatives
Clearing Organizations,'' (OMB Control No. 3038-0069). This is a
request for extension and revision 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. An agency may not conduct or sponsor,
and a person is not required to respond to, a collection of information
unless it displays a currently valid OMB control number. On July 24,
2018, the Commission published in the Federal Register notice of the
proposed extension of this information collection and provided 60 days
for public comment on the proposed extension, 83 FR 34986 (``60-Day
Notice''). The Commission received no relevant comments on the 60-Day
Notice.
Burden Statement: The Commission is revising its estimate of the
burden for this collection for 16 registered DCOs. The respondent
burden for this collection is estimated to be as follows:
1. Collection 3038-0069--Daily Reporting Requirements for
Derivatives Clearing Organizations (Regulation 39.19)
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Estimated average
Estimated number of Reports annually by Total annual number of hours per Estimated total
respondents per year each responses response annual burden hours
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16 250 4000 0.1 \2\ 400
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2. Collection 3038-0069--Annual Reporting Requirement for
Derivatives Clearing Organizations (Regulation 39.19).
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\2\ 16 respondents x 250 annual responses per respondent = 4000
total responses, x 0.1 hours per response = 400 total annual burden
hours.
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Estimated average
Estimated number of Reports annually by Total annual number of hours per Estimated total
respondents per year each responses response annual burden hours
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16 1 16 2606 \3\ 41,696
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3. Event-specific reporting Requirements for Derivatives Clearing
Organizations (Regulation 39.19).
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\3\ 16 respondents x 1 annual response per respondent = 16 total
responses, x 2606 hours per response = 41,696 total annual burden
hours.
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Estimated average
Estimated number of Reports annually by Total annual number of hours per Estimated total
respondents per year each responses response annual 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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\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 average
Estimated number of Reports annually by Total annual number of hours per Estimated total
respondents per year each responses response annual burden hours
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16 1 16 100 1600
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[[Page 48605]]
Respondents/Affected Entities: Derivatives clearing organizations
(DCOs).
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 average burden hours per response: 10.\6\
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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 2661.7 hours per response/
aggregate of 260 responses = 10.24 hours, rounded to 10).
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Annual responses by each respondent: 256.
Estimated total annual burden hours: 44,054.
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: September 21, 2018.
Robert Sidman,
Deputy Secretary of the Commission.
[FR Doc. 2018-20949 Filed 9-25-18; 8:45 am]
BILLING CODE 6351-01-P