2022-23048
[Federal Register Volume 87, Number 204 (Monday, October 24, 2022)]
[Notices]
[Pages 64206-64207]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-23048]
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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 November 23, 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. 3038-0085, 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: Megan Wallace, Senior Special Counsel,
(202) 418-5150, [email protected]; Daniel O'Connell, Special Counsel,
(202) 418-5583, [email protected]; each of the Division of Clearing
and Risk, Commodity Futures Trading Commission, Three Lafayette Centre,
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1155 21st Street NW, Washington, DC 20581.
SUPPLEMENTARY INFORMATION:
Title: Rule 50.50 End-User Notification of Non-Cleared Swap (OMB
Control No. 3038-0085). This is a request for an extension of a
currently approved information collection.
Abstract: CFTC Rule 50.50 specifies the requirements for eligible
end-users who may elect the end-user exception from the Commission's
swap clearing requirement, as provided under section 2(h)(7) of the
Commodity Exchange Act (``CEA''). Rule 50.50 requires the
counterparties to report certain information to a swap data repository
registered with the Commission, or to the Commission directly, if one
or more counterparties elects the end-user exception. The rule
establishes a reporting requirement for end-users that is critical to
ensuring compliance with the Commission's clearing requirement under
section 2(h)(1) of the CEA and is necessary in order for Commission
staff to prevent abuse of the end-user exception. In addition, this
collection relates to information that the Commission needs to monitor
elections of the end-user exception and to assess market risks.
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.\2\ On August 18, 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 50849 (``60-Day
Notice''). The Commission did not receive any comments on the 60-Day
Notice.
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\2\ 44 U.S.C. 3512, 5 CFR 1320.5(b)(2)(i) and 1320.8 (b)(3)(vi).
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Burden Statement: The Commission is revising its estimate of the
burden for
[[Page 64207]]
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: 1,200.
Estimated Average Burden Hours per Respondent: 0.58 hours.
Estimated Total Annual Burden Hours: 696 hours.
Frequency of Collection: On occasion; annually.
There are no capital costs or operating and maintenance costs
associated with this collection.
(Authority: 44 U.S.C. 3501 et seq.)
Dated: October 19, 2022.
Robert Sidman,
Deputy Secretary of the Commission.
[FR Doc. 2022-23048 Filed 10-21-22; 8:45 am]
BILLING CODE 6351-01-P