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  • Federal Register, Volume 83 Issue 28 (Friday, February 9, 2018)

    [Federal Register Volume 83, Number 28 (Friday, February 9, 2018)]


    [Pages 5761-5762]

    From the Federal Register Online via the Government Publishing Office []

    [FR Doc No: 2018-02572]



    Agency Information Collection Activities: Notice of Intent To

    Extend Collection 3038-0095; Large Trader Reporting for Physical

    Commodity Swaps

    AGENCY: Commodity Futures Trading Commission.

    ACTION: Notice.


    SUMMARY: The Commodity Futures Trading Commission (CFTC) is announcing

    an opportunity for public comment on the proposed extension of a

    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 the information collection

    requirements set out in part 20 of the Commission's regulations

    concerning large trader reporting for physical commodity swaps.

    DATES: Comments must be submitted on or before April 10, 2018.

    ADDRESSES: You may submit comments, identified by ``3038-0095'' by any

    of the following methods:

    The Agency's website, at Follow

    the instructions for submitting comments through the website.

    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:

    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

    FOR FURTHER INFORMATION CONTACT: Owen J. Kopon, Special Counsel,

    Division of Market Oversight, Commodity Futures Trading Commission,

    (202) 418-5360; email:

    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 before submitting

    the collection to OMB for approval. An agency may not conduct or

    sponsor, and a person is not required to respond to, a collection of

    information unless it displays a valid OMB control number. To comply

    with this requirement, the CFTC is publishing notice of the proposed

    collection of information listed below.

    Title: Large Trader Reporting for Physical Commodity Swaps, (OMB

    Control No. 3038-0095). This is a request for extension of a currently

    approved information collection.

    Abstract: Part 20 of the Commission's regulations (``Reporting

    Rules'') requires clearing organizations and any persons that are

    ``reporting entities'' to file swaps position data with the Commission.

    The Reporting Rules collect clearing member reports from clearing

    organizations. The Reporting Rules also require position reports from

    reporting entities for principal and counterparty positions in cleared

    and uncleared physical commodity swaps. Reporting entities are those

    persons that are either ``clearing members'' or ``swap dealers'' that

    are otherwise not clearing members. For purposes of part 20, reporting

    parties are required to submit data on positions on a futures

    equivalent basis so as to allow the Commission to assess a trader's

    market impact across differently structured but linked derivatives

    instruments and markets. This renewal updates the total requested

    burden based on available reported data.

    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


    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 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\


    \1\ 17 CFR 145.9.


    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 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 annual respondent burden for this collection during the renewal

    period is estimated to be as follows:

    Estimated Number of Respondents: 4,824.

    Estimated Average Annual Burden Hours per Respondent:


    Estimated Total Annual Number of Responses: 56,088.

    [[Page 5762]]

    Estimated Total Annual Burden Hours: 86,902.

    Type of Respondents: Respondents may include clearing

    organizations, persons that are clearing members or swap dealers that

    are reporting entities, and large swap counterparties.

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

    Dated: February 5, 2018.

    Robert N. Sidman,

    Deputy Secretary of the Commission.

    [FR Doc. 2018-02572 Filed 2-8-18; 8:45 am]

    BILLING CODE 6351-01-P

    Last Updated: February 9, 2018