2016-04999

Federal Register, Volume 81 Issue 44 (Monday, March 7, 2016)

[Federal Register Volume 81, Number 44 (Monday, March 7, 2016)]

[Notices]

[Pages 11762-11763]

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

[FR Doc No: 2016-04999]

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COMMODITY FUTURES TRADING COMMISSION

Agency Information Collection Activities: Notice of Intent To

Renew Collection 3038-0104, Exemption for Swaps Between Affiliates

AGENCY: Commodity Futures Trading Commission.

ACTION: Notice.

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SUMMARY: The Commodity Futures Trading Commission (``Commission'') is

announcing an opportunity for public comment on the proposed collection

of certain information by the 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 Commission

regulation 50.52 (Exemption for swaps between affiliates).

DATES: Comments must be submitted on or before May 6, 2016.

ADDRESSES: You may submit comments, identified by ``Exemption for swaps

between affiliates,'' and Collection Number 3038-0104 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.

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: Peter A. Kals, Division of Clearing

and Risk, Commodity Futures Trading Commission, Three Lafayette Centre,

1155 21st Street NW., Washington, DC 20581, (202) 418-5466; email:

[email protected] and refer to OMB Control No. 3038-0104.

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: Exemption for Swaps Between Affiliates (OMB Control No.

3038-0104). This is a request for extension of a currently approved

information collection.

Abstract: Section 2(h)(1)(A) of the Commodity Exchange Act requires

certain entities to submit for clearing certain swaps if they are

required to be cleared by the Commission. Rule 50.52 permits certain

affiliated entities to elect not to clear certain inter-affiliate swaps

that otherwise would be required to be cleared, provided that they meet

certain conditions. The rule further requires the reporting of certain

information if the exemption is elected. This collection pertains to

information the Commission needs to monitor use of the exemption and

assess market risk in connection therewith. 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.

[[Page 11763]]

With respect to the collection of information, the Commission

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.

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 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 require one hour per response.

Respondents/Affected Entities: Swap dealers and other multinational

corporations.

Estimated Number of Respondents: 75.

Estimated Average Burden Hours per Respondent: 1 hour.

Estimated Total Average Annual Burden Hours on Respondents: 75

hours.

Frequency of Collection: Annually; on occasion.

There are no capital costs or operating and maintenance costs

associated with this collection.

Authority: 44 U.S.C. 3501 et seq.

Dated: March 2, 2016.

Robert N. Sidman,

Deputy Secretary of the Commission.

[FR Doc. 2016-04999 Filed 3-4-16; 8:45 am]

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Last Updated: March 7, 2016