2023-17012
[Federal Register Volume 88, Number 152 (Wednesday, August 9, 2023)]
[Notices]
[Pages 53870-53871]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-17012]
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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 Information and
Regulatory Affairs (OIRA), of 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 September 8, 2023.
ADDRESSES: Written comments and recommendations for the proposed
information collection should be submitted within 30 days of this
notice's publication to OIRA, at https://www.reginfo.gov/public/do/PRAMain. Please find this particular information collection by
selecting ``Currently under 30-day Review--Open for Public Comments''
or by using the website's search function. Comments can be entered
electronically by clicking on the ``comment'' button next to the
information collection on the ``OIRA Information Collections Under
Review'' page, or the ``View ICR-Agency Submission'' page. A copy of
the supporting statement for the collection of information discussed
herein may be obtained by visiting https://www.reginfo.gov/public/do/PRAMain.
In addition to the submission of comments to https://Reginfo.gov as
indicated above, a copy of all comments submitted to OIRA may also be
submitted to the Commodity Futures Trading Commission (the
``Commission'' or ``CFTC'') by clicking on the ``Submit Comment'' box
next to the descriptive entry for OMB Control No. 3038-0117, at https://comments.cftc.gov/FederalRegister/PublicInfo.aspx.
Or by either of the following methods:
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.
All comments must be submitted in English, or if not, accompanied
by an English translation. Comments submitted to the Commission should
include 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 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 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, Division of Clearing
and Risk, Commodity Futures Trading Commission, (202) 418-5467; email:
_____________________________________-
[email protected], and refer to OMB Control No. 3038-0117.
SUPPLEMENTARY INFORMATION:
Title: Exemption from Derivatives Clearing Organization
Registration (OMB Control No. 3038-0117). This is a request for
approval for an existing collection in use without a currently approved
OMB control number.
Abstract: This information collection is associated with CFTC
regulations codifying the policies and procedures that the Commission
follows with respect to granting exemptions from registration as a DCO
for the clearing of proprietary swaps for U.S. persons and futures
commission merchants (``FCMs''). The rules include reporting
requirements that are collections of information requiring approval
under the PRA. Specifically, Commission regulation 39.6 specifies the
conditions and procedures under which a clearing organization may apply
for exemption from registration as a DCO, the information that must be
provided to the Commission to obtain and maintain such exemption, and
procedures for termination of an exemption. See 17 CFR 39.6. The
information that is collected under these regulations is necessary for
the Commission to determine whether a clearing organization qualifies
for exemption from DCO registration, to evaluate the continued
eligibility of the exempt DCO for exemption from registration, to
review compliance by the exempt DCO with any conditions of such
exemption, or to conduct its oversight of U.S. persons and the swaps
that are cleared by U.S. persons through the exempt DCO.
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 May 30, 2023, 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, 88 FR 34489. The Commission received no
relevant comments that addressed its PRA burden estimates.
Burden Statement: The provisions of part 39 of the CFTC's
Regulations include reporting requirements that constitute information
collections within the meaning of the PRA. With respect to the ongoing
reporting obligations associated with exemption from DCO registration,
the CFTC believes that exempt DCOs incur an aggregate annual time-
burden of 257 hours.
Respondents/Affected Entities: Derivatives Clearing Organizations.
Estimated number of respondents: 9.
Estimated average burden hours per respondent: 29 hours.\2\
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\2\ Average burden hours per respondent rounded to the nearest
full hour.
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Estimated total annual burden hours on respondents: 257 hours.
Frequency of collection: On occasion.
[[Page 53871]]
There are no capital costs or operating and maintenance costs
associated with this collection.
(Authority: 44 U.S.C. 3501 et seq.)
Dated: August 3, 2023.
Robert Sidman,
Deputy Secretary of the Commission.
[FR Doc. 2023-17012 Filed 8-8-23; 8:45 am]
BILLING CODE 6351-01-P