2021-23856
[Federal Register Volume 86, Number 209 (Tuesday, November 2, 2021)]
[Notices]
[Pages 60448-60449]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-23856]
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COMMODITY FUTURES TRADING COMMISSION
Agency Information Collection Activities: Proposed Revised
Collection, Comment Request: Swap Execution Facilities Final Rule;
Notice of Intent To Revise Collection 3038-0074: Core Principles and
Other Requirements for Swap Execution Facilities
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 revision 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 proposed extension of an existing collection of information,
and to allow 60 days for public comment. The Commission recently
adopted a final rule amending requirements for swap execution
facilities. This notice republishes the burden in the final rule, and
solicits any additional comments on the burden associated with the
previously published final rule.
DATES: Comments must be submitted on or before January 3, 2022.
ADDRESSES: You may submit comments, and ``OMB Control No. 3038-0074''
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.
Delivery/Courier: Same as Mail above.
Please submit your comments using only one method.
FOR FURTHER INFORMATION CONTACT: Gail Scott, Assistant General Counsel,
Office of the General Counsel, Commodity Futures Trading Commission,
(202) 418-5139; 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 CFTC is publishing
notice of the proposed amendment to the collection listed below. 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.
Title: Core Principles and Other Requirements for Swap Execution
Facilities (OMB Control No. 3038-0074). This is a request for an
amendment to a currently approved information collection.
Abstract: Title VII of the Dodd-Frank Wall Street Reform and
Consumer Protection Act (``Dodd-Frank Act'') added new section 5h to
the Commodity Exchange Act (``CEA'') to impose requirements concerning
the registration and operation of swap execution facilities (``SEFs''),
which the Commission has incorporated in part 37 of its regulations as
well as other parts of the Commission's regulations. The information
collections under this Control Number are necessary for the Commission
to evaluate whether SEFs, or entities applying to become SEFs, comply
with the CEA's statutory core principle requirements and part 37 of the
Commission regulations.
[[Page 60449]]
The final rule, 86 FR 9224 (Feb. 11, 2021), provides relief from
certain part 37 requirements that SEFs found in practice to be
operationally unworkable or unnecessarily burdensome. The Commission
revised information collection number 3038-0074 to reflect the adoption
of amendments to part 37 of its regulations, as discussed below, but
does not believe the regulations as adopted impose any other new
collections of information that require approval of OMB under the PRA.
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
https://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 https://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 Commission is revising its estimate of the
burden for this collection for 3038-0074. The respondent burden for
this collection is estimated to be as follows:
Estimated Number of Respondents: 20.
Estimated Average Burden Hours per Respondent: 387.
Estimated Total Annual Burden Hours: 7,740.
Frequency of Collection: Once.
There are no capital costs or operating and maintenance costs
associated with this collection.
(Authority: 44 U.S.C. 3501 et seq.)
Dated: October 28, 2021.
Robert Sidman,
Deputy Secretary of the Commission.
[FR Doc. 2021-23856 Filed 11-1-21; 8:45 am]
BILLING CODE 6351-01-P