2015-01183
Federal Register, Volume 80 Issue 16 (Monday, January 26, 2015)
[Federal Register Volume 80, Number 16 (Monday, January 26, 2015)]
[Notices]
[Pages 3955-3956]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2015-01183]
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COMMODITY FUTURES TRADING COMMISSION
Agency Information Collection Activities: Notice of Intent To
Renew Collection 3038-0076, Risk Management Requirements for
Derivatives Clearing Organizations
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
[[Page 3956]]
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 requirements
relating to financial resource requirements for derivatives clearing
organizations.
DATES: Comments must be submitted on or before March 27, 2015.
ADDRESSES: You may submit comments, identified by ``Risk Management
Requirements for Derivatives Clearing Organizations,'' 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. 3038-0076.
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: Risk Management Requirements for Derivatives Clearing
Organizations (OMB Control No. 3038-0076). This is a request for
extension of a currently approved information collection.
Abstract: Part 39 of the Commission's regulations establishes risk
management requirements for derivatives clearing organizations
(``DCOs''), which are required to be registered with the Commission.
Part 39 also establishes procedures for registration of DCOs. The
Commission will use the information in this collection to assess
compliance of DCOs and DCO applicants with requirements for DCOs
prescribed in the Commodity Exchange Act and Commission 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
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 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 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 (``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 respondent burden for this collection is
estimated to be 10 hours per response.
Respondents/Affected Entities: Derivatives clearing organizations
and applicants for registration as a derivatives clearing organization.
Estimated number of respondents: 17.
Estimated total annual burden on respondents: 1,903.
Frequency of collection: On occasion.
Authority: 44 U.S.C. 3501 et seq.
Dated: January 20, 2015.
Christopher J. Kirkpatrick,
Secretary of the Commission.
[FR Doc. 2015-01183 Filed 1-23-15; 8:45 am]
BILLING CODE 6351-01-P