2013-00521

Federal Register, Volume 78 Issue 9 (Monday, January 14, 2013)[Federal Register Volume 78, Number 9 (Monday, January 14, 2013)]

[Notices]

[Pages 2661-2662]

From the Federal Register Online via the Government Printing Office [www.gpo.gov]

[FR Doc No: 2013-00521]

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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 (44 U.S.C. 3501

et seq.), this notice announces that the Information Collection Request

(ICR) abstracted below has been forwarded to 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 February 13, 2013.

ADDRESSES: Send comments regarding the burden estimated or any other

aspect of the information collection, including suggestions for

reducing the burden, to the addresses below. Please refer to OMB

Control No. 3038-0091 in any correspondence.

Martin B. White, Office of the General Counsel, Commodity Futures

Trading Commission, 1155 21st Street NW., Washington, DC 20581; and

Office of Information and Regulatory Affairs, Office of Management and

Budget, Attention: Desk Officer for CFTC, 725 17th Street, Washington,

DC 20503.

Comments may also be submitted 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: Sauntia Warfield, Assistant 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.

Please submit your comments using only one method and identity that

it is for the renewal of 3038-0091.

All comments must be submitted in English, or if not, accompanied

by an English translation. Comments will be posted as received to

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\ See 17 CFR 145.9.

FOR FURTHER INFORMATION OR A COPY CONTACT: Martin B. White, Office of

the General Counsel, Commodity Futures Trading Commission, 1155 21st

Street NW., Washington, DC 20581, (202) 418-5303; FAX: (202) 418-5527;

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email: mwhite@cftc.gov and refer to OMB Control No. 3038-0091.

SUPPLEMENTARY INFORMATION:

Title: Disclosure and Retention of Certain Information Related to

Cleared Swaps Customer Collateral (OMB Control No. 3038-0091). This is

a request for extension of a currently approved information collection.

Abstract: Part 22 of the Commission's regulations under the

Commodity Exchange Act (Act) establish rules for the protection of

customer collateral held by futures commission merchants and

derivatives clearing organizations to serve as margin in cleared swaps

transactions. As part of this regulatory scheme, sections 22.2(g),

22.5(a), 22.11, 22.12, and 22.16 of these rules impose recordkeeping

and third-party disclosure requirements on futures commission merchants

and designated clearing organizations. In addition, section 22.13(c)(2)

indirectly requires futures commission merchants who post excess

collateral with designated clearing organizations to perform certain

computations regarding such collateral, although it is not expected to

materially affect the total paperwork burden associated with Part 22.

The reporting and recordkeeping requirements of Part 22 constitute

the collection of information within the meaning of the Paperwork

Reduction Act of 1995. 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. The Part 22

rules were promulgated earlier this year and the associated collection

of information was assigned OMB control number 3038-0091. See Final

Rule, 77 FR 6336, 6370-71 (February 7, 2012). The Federal Register

notice for the 60-day comment period on this renewal of a collection of

information was published on October 2, 2012 (77 FR 60114). That notice

included a description of the specific recordkeeping and third-party

disclosure required by the relevant rule provisions. No comments were

received in response to the 60-day notice.

Burden statement: The Commission estimates the burden of this

collection of information as follows:

Recordkeeping Burden

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Estimated

Estimated annual Total annual Estimated Estimated Total annual Total annual

Regulations (17 CFR) number of responses per responses number of hours average cost burden-hours burden-cost

entities entity per response per response

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22.2(g)................................ 100 250 25,000 0.4 $10 10,000 $250,000

[[Page 2662]]

22.5(a)................................ 100 1 100 5 125 500 12,500

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Estimated

Estimated Estimated annual Estimated total Estimated total

Regulations (17 CFR) number of annualized operating and annualized start-up annual operating

entities start-up cost maintenance costs and maintenance

per entity cost per entity cost per entity

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22.12...................................................... 100 $750-1,500 $750-1,500 $75,000-150,000 $75,000-150,000

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Third-Party Disclosure Burden

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Estimated Annual Estimated Estimated

Regulations (17 CFR) number of responses per Total annual number of hours average cost Total annual Total annual

entities entity responses per response per response burden-hours burden-cost

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22.16............................ 100 1,000 100,000 0.2 $5 20,000 $500,000

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Estimated Estimated total

Estimated Estimated annual Estimated total annual

Regulations (17 CFR) number of annualized operating and annualized operating and

entities start-up cost maintenance start-up costs maintenance

per entity cost per entity cost per entity

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22.11.............................................................. 100 $750-1,500 $750-1,500 $75,000-150,000 $75,000-150,000

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Notes: 1. There is no reporting (in the sense of reporting

information to the government as opposed to third-party disclosure

to private parties) requirement or burden in connection with

information collection under 17 CFR part 22 and Control Number 3038-

0091.

2. In the 60-notice for this renewal of a collection of

information, the CFTC stated that there were estimated to be no

capital costs or operating and maintenance costs associated with

this collection. Upon further consideration, the CFTC has determined

that the costs associated with rules 22.11 and 22.12 are

appropriately classified as start-up costs and operating and

maintenance costs as those terms are used with regard to Paperwork

Reduction Act burden estimates in the Office of Management and

Budget regulatory information system. This reclassification does not

alter the substance of the recordkeeping and third-party disclosure

requirements in question or the associated total cost set forth in

the 60-day notice.

Dated: January 8, 2013.

Stacy D. Yochum,

Counsel to the Executive Director.

[FR Doc. 2013-00521 Filed 1-11-13; 8:45 am]

BILLING CODE 6351-01-P

Last Updated: January 14, 2013