Federal Register, Volume 79 Issue 223 (Wednesday, November 19, 2014)  
[Federal Register Volume 79, Number 223 (Wednesday, November 19, 2014)]
[Pages 68869-68870]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-27402]



Agency Information Collection Activities Under OMB Review

AGENCY: Commodity Futures Trading Commission.

ACTION: Notice.


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 December 19, 2014.

ADDRESSES: Comments may be submitted to OMB within 30 days of the 
notice's publication. Comments, identified by ``Large Trader Reporting 
for Physical Commodity Swaps'' (OMB Control No. 3038-0095), can be 
submitted by email at [email protected] Please provide the 
Commission with a copy of all submitted comments at the address listed 
below. Please refer to OMB Reference No. 3038-0095, 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 Dana Brown, Division of Market 
Oversight, Commodity Futures Trading Commission, 1155 21st Street NW., 
Washington, DC 20581.
    Comments may also be submitted, regarding the burden estimated or 
any other aspect of the information collection, including suggestions 
for reducing the burden, identified by ``Large Trader Reporting for 
Physical Commodity Swaps'' (OMB Control No.

[[Page 68870]]

3038-0095), by any of the following methods:
     Agency Web site, via its Comments Online process: http://comments.cftc.gov. Follow the instructions for submitting comments 
through the Web site.
     Mail: Send to Christopher Kirkpatrick, Secretary of the 
Commission, Commodity Futures Trading Commission, 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.
    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 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 set forth in 
Sec.  145.9 of the Commission's regulations.\1\

    \1\ Commission regulations referred to herein are found at 17 
CFR Ch. 1 (2014).

    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 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 this matter 
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.

FOR FURTHER INFORMATION CONTACT: Dana Brown, Division of Market 
Oversight, Commodity Futures Trading Commission, (202) 418-5093; email: 
[email protected] This contact can also provide a copy of the ICR.

    Title: ``Large Trader Reporting for Physical Commodity Swaps,'' OMB 
Control No. 3038-0095--Extension. This is a request for extension of a 
currently approved information collection.
    Abstract: This collection is in the public interest and is 
necessary for market surveillance. Part 20 of the Commission's 
regulations 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. The Commission initially estimated that 
approximately 705 entities would be affected by this rule. This number 
was based on the then estimated number of reporting firms. Because the 
Commission had not regulated the swap market, it has not previously 
collected data to support its estimate. Accordingly, the initial 
estimate of 705 affected entities has been revised to 3,998. The 
Federal Register notice with a 60-day comment period soliciting 
comments on this collection of information was published on September 
17, 2014 (79 FR 55759).
    Burden Statement: The Commission estimates the burden of this 
collection of information as follows:

                                        Estimated Annual Reporting Burden
                                               Annual number     Total annual      Hours per
                17 CFR Sec.                    of respondents     responses         response       Total hours
20..........................................           3,998            3,998             1.58            6,317

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

    Dated: November 14, 2014.
Christopher J. Kirkpatrick,
Secretary of the Commission.
[FR Doc. 2014-27402 Filed 11-18-14; 8:45 am]