2016-01773
Federal Register, Volume 81 Issue 21 (Tuesday, February 2, 2016)
[Federal Register Volume 81, Number 21 (Tuesday, February 2, 2016)]
[Notices]
[Pages 5422-5423]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-01773]
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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
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 March 3, 2016.
ADDRESSES: Comments regarding the burden estimated or any other aspect
of the information collection, including suggestions for reducing the
burden, may be submitted directly to the Office of Information and
Regulatory Affairs in OMB, within 30 days of the notice's publication,
by email at [email protected]. Please identify the comments
by OMB Control No. 3038-0084. Please provide the Commodity Futures
Trading Commission (``CFTC'' or ``Commission'') with a copy of all
submitted comments at the address listed below. Please refer to OMB
Reference No. 3038-0084, found on http://reginfo.gov. Comments may also
be mailed to the Office of Information and Regulatory Affairs, Office
of Management and Budget, Attention: Desk Officer for the Commodity
Futures Trading Commission, 725 17th Street NW., Washington, DC 20503,
and to the Commission through its Web site at http://comments.cftc.gov.
Follow the instructions for submitting comments through the Web site.
Comments may also be mailed to: Christopher Kirkpatrick, Secretary
of the Commission, Commodity Futures Trading Commission, Three
Lafayette Centre, 1155 21st Street NW., Washington, DC 20581 or by Hand
Delivery/Courier at the same address.
A copy of the supporting statements for the collection of
information discussed above may be obtained by visiting http://
RegInfo.gov. 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.
FOR FURTHER INFORMATION CONTACT: Adam Kezsbom, Special Counsel,
Division of Swap Dealer and Intermediary Oversight, Commodity Futures
Trading Commission, (202) 418-5372, email: [email protected], and refer
to OMB Control No. 3038-0084.
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) \1\ pursuant to section 4s(j) \2\ of the Commodity
Exchange Act (``CEA''). The above regulations adopted by the Commission
require, among other things, swap dealers (``SD'') \3\ and major
[[Page 5423]]
swap participants (``MSP'') \4\ 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. 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 Commission did not receive any comments on the 60-
day Federal Register notice, 80 FR 74766, dated November 30, 2015.
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\1\ 17 CFR 23.600, 23.601, 23.602, 23.603, 23.606, 23.607.
\2\ 7 U.S.C. 6s(j).
\3\ For the definition of SD, see section 1a(49) of the CEA and
Commission regulation 1.3(ggg). 7 U.S.C. 1a(49) and 17 CFR 1.3(ggg).
\4\ For the definitions of MSP, see section 1a(33) of the CEA
and Commission regulation 1.3(hhh). 7 U.S.C. a(33) and 17 CFR
1.3(hhh).
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Burden Statement: The Commission is revising its estimate of the
burden for this collection to reflect the current number of registered
SDs and MSPs. Accordingly, the respondent burden for this collection is
estimated to be as follows:
Number of Registrants: 105.\5\
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\5\ The 60-day notice indicated that there were 106 Swap Dealers
and Major Swap Participants. The estimates have been adjusted to
reflect the current number of 105 Swap Dealers and Major Swap
Participants registered with the Commission.
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Estimated Average Burden Hours per Registrant: 1,148.5.
Estimated Aggregate Burden Hours: 120,592.5.\6\
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\6\ The estimated aggregate burden hour is adjusted to reflect
the correct total burden hours based on the new number of Swap
Dealers and Major Swap Participants registered with the Commission.
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Frequency of Recordkeeping/Third-party Disclosure: As applicable.
Authority: 44 U.S.C. 3501 et seq.
Dated: January 27, 2016.
Robert N. Sidman,
Deputy Secretary of the Commission.
[FR Doc. 2016-01773 Filed 2-1-16; 8:45 am]
BILLING CODE 6351-01-P
Last Updated: February 2, 2016