Federal Register, Volume 80 Issue 229 (Monday, November 30, 2015)  
[Federal Register Volume 80, Number 229 (Monday, November 30, 2015)]
[Pages 74766-74768]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-30235]



Agency Information Collection Activities: Notice of Intent To 
Renew Collection Number 3038-0084, Regulations Establishing and 
Governing the Duties of Swap Dealers and Major Swap Participants

AGENCY: Commodity Futures Trading Commission.

ACTION: Notice.


[[Page 74767]]

SUMMARY: The Commodity Futures Trading Commission (``CFTC'' or 
``Commission'') is announcing an opportunity for public comment on the 
proposed renewal 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 collections of 
information mandated by 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).

DATES: Comments must be submitted on or before January 29, 2016.

ADDRESSES: You may submit comments, identified by ``Regulations 
Establishing and Governing the Duties of Swap Dealers and Major Swap 
Participants,'' and Collection Number 3038-0084 by any of the following 
     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 

FOR FURTHER INFORMATION CONTACT: Adam Kezsbom, Special Counsel, 202-
418-5372, [email protected]; Division of Swap Dealer and Intermediary 
Oversight, Commodity Futures Trading Commission, Three Lafayette 
Centre, 1155 21st Street NW., Washington, DC 20581.

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 CFTC is publishing notice of the proposed collection 
of information listed below.
    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 
    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 
would, among other things, require swap dealers (``SD'') \3\ and major 
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.

    \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. 1a(33) and 17 CFR 

    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.
    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.\5\

    \5\ 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 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 information collection request 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 Commission is revising its estimate of the 
burden for this collection to reflect the current number of registered 
SDs and MSPs. The respondent burden for this collection is estimated to 
be as follows:
    Number of Registrants: 106.
    Estimated Average Burden Hours per Registrant: 1,148.5.
    Estimated Aggregate Burden Hours: 121,741.
    Frequency of Recordkeeping: As applicable.

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

[[Page 74768]]

    Dated: November 23, 2015.
Robert N. Sidman,
Deputy Secretary of the Commission.
[FR Doc. 2015-30235 Filed 11-27-15; 8:45 am]