2022-06751
[Federal Register Volume 87, Number 62 (Thursday, March 31, 2022)]
[Notices]
[Pages 18771-18772]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-06751]
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COMMODITY FUTURES TRADING COMMISSION
Agency Information Collection Activities: Notice of Intent To
Extend Collection 3038-0084: Regulations Establishing and Governing the
Duties of Swap Dealers and Major Swap Participants
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 May 2, 2022.
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. 3038-0084, 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: Philip Newsom, Attorney Advisor,
Market Participants Division, Commodity Futures Trading Commission,
Three Lafayette Centre, 1155 21st Street NW, Washington, DC 20581;
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(202) 418-5301; email: [email protected].
SUPPLEMENTARY INFORMATION:
Title: Regulations Establishing and Governing the Duties of Swap
Dealers and Major Swap Participants (OMB Control No. 3038-0084). This
is a request for an extension of a currently approved information
collection.
Abstract: On April 3, 2012 the Commission adopted Commission
regulations 23.600 (Risk Management Program), 23.601 (Monitoring of
Position Limits), 23.602 (Diligent Supervision), 23.603 (Business
Continuity and Disaster Recovery), 23.606 (General Information:
Availability for Disclosure and Inspection), and 23.607 (Antitrust
Considerations) \2\ pursuant to section 4s(j) \3\ of the Commodity
Exchange Act (``CEA''). The above regulations adopted by the Commission
require, among other things, swap dealers (``SD'') \4\ and major swap
participants (``MSP'') \5\ to develop a risk management program
(including a plan for business continuity and disaster recovery and
policies and procedures designed to ensure compliance with applicable
position limits). The Commission believes that the information
collection obligations imposed by the above regulations are essential
to ensuring that swap dealers and major swap participants maintain
adequate and effective risk management programs and policies and
procedures to ensure compliance with position limits.
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\2\ 17 CFR 23.600, 23.601, 23.602, 23.603, 23.606, and 23.607.
\3\ 7 U.S.C. 6s(j).
\4\ For the definition of SD, see section 1a(49) of the CEA and
Commission regulation 1.3. 7 U.S.C. 1a(49) and 17 CFR 1.3.
\5\ For the definitions of MSP, see section 1a(33) of the CEA
and Commission regulation 1.3. 7 U.S.C. 1a(33) and 17 CFR 1.3.
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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 January 28, 2022, 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, 87 FR 4567 (``60-Day Notice''). The Commission
did not receive any relevant comments on the 60-Day Notice.
Burden Statement: The Commission is revising its estimate of the
burden for this collection to reflect the current number of respondents
and estimated burden hours. The respondent burden for this collection
is estimated to be as follows:
Estimated Number of Respondents: 107.
[[Page 18772]]
Estimated Average Burden Hours per Respondent: 1,148.5 hours.
Estimated Total Annual Burden Hours: 122,889.5 hours.
Frequency of Collection: As applicable.
There are no capital costs or operating and maintenance costs
associated with this collection.
(Authority: 44 U.S.C. 3501 et seq.)
Dated: March 25, 2022.
Robert Sidman,
Deputy Secretary of the Commission.
[FR Doc. 2022-06751 Filed 3-30-22; 8:45 am]
BILLING CODE 6351-01-P