2015-09994
Federal Register, Volume 80 Issue 82 (Wednesday, April 29, 2015)
[Federal Register Volume 80, Number 82 (Wednesday, April 29, 2015)]
[Notices]
[Page 23788]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-09994]
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COMMODITY FUTURES TRADING COMMISSION
Agency Information Collection Activities: Notice of Intent To
Renew Collection 3038-0097, Process for Review of Swaps for Mandatory
Clearing
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 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 reporting and recordkeeping
requirements relating to information management requirements for
derivatives clearing organizations.
DATES: Comments must be submitted on or before June 29, 2015.
ADDRESSES: You may submit comments, identified by ``Process for Review
of Swaps for Mandatory Clearing,'' by any of the following methods:
The Agency's Web site, at http://comments.cftc.gov/.
Follow the instructions for submitting comments through the Web site.
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.
Federal eRulemaking Portal: http://www.regulations.gov.
Follow the instructions for submitting comments through the Portal.
Please submit your comments using only one method.
FOR FURTHER INFORMATION CONTACT: Eileen Chotiner, Division of Clearing
and Risk, Commodity Futures Trading Commission, Three Lafayette Centre,
1155 21st Street NW., Washington, DC 20581, (202) 418-5467; email:
[email protected], and refer to OMB Control No. 3038-0097.
SUPPLEMENTARY INFORMATION: Under the PRA, 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: Process for Review of Swaps for Mandatory Clearing (OMB
Control No. 3038-0097). This is a request for extension of a currently
approved information collection.
Abstract: The Commodity Exchange Act and Commission regulations
require a derivatives clearing organization (``DCO'') that wishes to
accept a swap for clearing to be eligible to clear the swap and to
submit the swap to the Commission for a determination as to whether the
swap is required to be cleared. Commission Regulation 39.5 sets forth
the process for these submissions. The Commission will use the
information in this collection to determine whether a DCO that wishes
to accept a swap for clearing is eligible to clear the swap and whether
the swap should be required to be cleared.
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
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 section 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 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 respondent burden for this collection is
estimated to be 40 hours per response.
Respondents/Affected Entities: Derivatives clearing organizations.
Estimated number of respondents: 14.
Estimated total annual burden on respondents: 560.
Frequency of collection: Daily, annual, and on occasion.
Authority: 44 U.S.C. 3501 et seq.
Dated: April 24, 2015.
Robert N. Sidman,
Deputy Secretary of the Commission.
[FR Doc. 2015-09994 Filed 4-28-15; 8:45 am]
BILLING CODE 6351-01-P