2024-22910
[Federal Register Volume 89, Number 193 (Friday, October 4, 2024)]
[Notices]
[Pages 80897-80898]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-22910]
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COMMODITY FUTURES TRADING COMMISSION
Agency Information Collection Activities: Notice of Intent To
Extend Collection 3038-0086: Swap Data Repositories; Registration and
Regulatory Requirements
AGENCY: Commodity Futures Trading Commission.
ACTION: Notice.
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SUMMARY: The Commodity Futures Trading Commission (``Commission'' or
``CFTC'') is announcing an opportunity for public comment on the
proposed renewal 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 requirements relating
to Swap Data Repositories (``SDRs''), including initial registration as
an SDR, maintaining registration as an SDR, swap data reporting, and
swap data recordkeeping.
DATES: Comments must be submitted on or before December 3, 2024.
[[Page 80898]]
ADDRESSES: You may submit comments, identified by ``Renewal of
Collection Pertaining to Swap Data Repositories; Registration and
Reporting Requirements'' by any of the following methods:
The CFTC website, at https://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 and identify that
it is for the extension/renewal of Collection Number 3038-0086.
FOR FURTHER INFORMATION CONTACT: Jason H. Smith, Assistant Chief
Counsel, Division of Market Oversight Commodity Futures Trading
Commission, (202) 329-3794; email: [email protected], and refer to OMB
Control No. 3038-0086.
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 collection of information 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: Swap Data Repositories; Registration and Regulatory
Requirements (OMB Control No. 3038-0086). This is a request for
extension of a currently approved information collection.
Abstract: Section 728 of the Dodd-Frank Wall Street Reform and
Consumer Protection Act, Public Law 111-203, 124 Stat. 1376 (2010),
specifically requires the CFTC to establish certain standards for the
governance, registration, and statutory duties applicable to SDRs. The
CFTC established these standards in part 49 of the CFTC's 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.
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 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 Commission is revising its estimate of the
burden for this collection for Swap Data Repositories (SDRs). The
respondent burden for this collection is estimated to be as follows:
Estimated Number of Respondents: 4.
Estimated Average Burden Hours per Respondent: 19,679.5.
Estimated Total Annual Burden Hours: 78,718.
Frequency of Collection: Annual and occasional.
There are no start-up costs associated with this collection and an
average of $2 million in ongoing operating costs per respondent.
(Authority: 44 U.S.C. 3501 et seq.)
Dated: September 30, 2024.
Robert Sidman,
Deputy Secretary of the Commission.
[FR Doc. 2024-22910 Filed 10-3-24; 8:45 am]
BILLING CODE 6351-01-P