Federal Register, Volume 80 Issue 204 (Thursday, October 22, 2015)  
[Federal Register Volume 80, Number 204 (Thursday, October 22, 2015)]
[Pages 63971-63972]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-26833]



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 November 23, 2015.

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 (``OIRA'') in OMB, within 30 days of the notice's 
publication, by email at [email protected]. Please identify 
the comments by OMB Control No. 3038-0096. Please provide the 
Commission with a copy of all submitted comments at the address listed 
below. Please refer to OMB Reference No. 3038-0096, 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 the 
Agency's 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: Thomas Guerin, Division of Market 
Oversight, Commodity Futures Trading Commission, (202) 734-4194; email:

[[Page 63972]]

[email protected] and refer to OMB Control No. 3038-0096.

SUPPLEMENTARY INFORMATION: 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 Federal 
Register notice with a 60-day comment period soliciting comments on 
this collection of information was published on August 7, 2015 (80 FR 
    Title: Swap Data Recordkeeping and Reporting Requirements (OMB 
Control No. 3038-0096). This is a request for extension of a currently 
approved information collection.
    Abstract: Section 727 of the Dodd-Frank Wall Street Reform and 
Consumer Protection Act (``Dodd-Frank Act'') specifically required that 
each swap subject to the Commodity Futures Trading Commission's 
jurisdiction be reported to a newly-created registered entity, the swap 
data repository. Section 728 of the Dodd-Frank Act specifically 
required the Commission to establish standards for swap data 
recordkeeping and reporting, including the data elements to be 
collected and maintained by swap data repositories for each swap. 
Section 729 of the Dodd-Frank Act required that at least one 
counterparty to each swap have an obligation to report data concerning 
the swap and provided for data reporting to the Commission for swaps 
not accepted by a swap data repository. Pursuant to this mandate, the 
Commission adopted 17 CFR part 45 on December 20, 2011, to establish 
swap data recordkeeping and reporting requirements. This ICR concerns 
the collections of information required by 17 CFR part 45.
    The Commission estimated that approximately 30,210 entities would 
be affected by this ICR. That number was based on the current estimate 
of the total number of swap data repositories, swap execution 
facilities, designated contract markets, derivatives clearing 
organizations, swap dealers, major swap participants and other swap 
counterparties. The Commission did not receive any comments regarding 
the burden estimated or any other aspect of this ICR.
    Burden Statement: The total annual time burden for this ICR is 
estimated to be 445,910 hours. This estimate includes the time to 
comply with swap data recordkeeping and reporting requirements codified 
in 17 CFR part 45. Provisions of Commission Regulations Sec. Sec.  
45.2, 45.3, 45.4, 45.5, 45.6, 45.7, and 45.14 result in information 
collection requirements within the meaning of the PRA. To the extent 
that the recordkeeping and reporting requirements codified in 17 CFR 
part 45 overlap with the requirements of other rulemakings for which 
the Commission prepared and submitted an information collection burden 
estimate to OMB, the burden associated with the requirements are not 
being accounted for in this ICR to avoid unnecessary duplication of 
information collection burdens.
    Respondents/Affected Entities: Swap data repositories, swap 
execution facilities, designated contract markets, derivatives clearing 
organizations, swap dealers, major swap participants and other swap 
counterparties (i.e., non-swap dealer/non-major swap participant 
    Estimated Number of Respondents: 30,210.
    Estimated Total Annual Burden on Respondents: 445,910 hours.
    Frequency of Collection: Ongoing.

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

    Dated: October 19, 2015
Robert N. Sidman,
Deputy Secretary of the Commission.
[FR Doc. 2015-26833 Filed 10-21-15; 8:45 am]