Federal Register, Volume 80 Issue 229 (Monday, November 30, 2015)  
[Federal Register Volume 80, Number 229 (Monday, November 30, 2015)]
[Pages 74768-74769]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-30236]



Agency Information Collection Activities: Notice of Intent To 
Renew Collection Number 3038-0087, Reporting, Recordkeeping, and Daily 
Trading Records Requirements for Swap Dealers and Major Swap 

AGENCY: Commodity Futures Trading Commission.

ACTION: Notice.


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 23.201 through 23.205 
(Reporting, Recordkeeping, and Daily Trading Records Requirements For 
Swap Dealers and Major Swap Participants).

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

ADDRESSES: You may submit comments, identified by ``Reporting, 
Recordkeeping, and Daily Trading Records Requirements For Swap Dealers 
and Major Swap Participants,'' and Collection Number 3038-0087 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 

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,\1\ 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.

    \1\ 44 U.S.C. 3501 et seq.

    Title: Reporting, Recordkeeping, and Daily Trading Records 
Requirements For Swap Dealers and Major Swap Participants (OMB Control 
No. 3038-0087). This is a request for an extension of a currently 
approved information collection.
    Abstract: On April 3, 2012, the Commission adopted Commission 
regulations 23.201 through 23.205 (Reporting, Recordkeeping, and Daily 
Trading Records Requirements For Swap Dealers and Major Swap 
Participants) \2\ pursuant to sections 4s(f) \3\ and 4s(g) \4\ of the 
Commodity Exchange Act (``CEA'').\5\ Commission regulations 23.201 
through 23.205 require, among other things, swap dealers (``SD'') \6\ 
and major swap participants (``MSP'') \7\ to maintain transaction and 
position records of their swaps (including daily trading records) and 
to maintain specified business records (including records related to 
the governance and financial status of the swap dealer or major swap 
participant, complaints received by such SD or MSP and such SD or MSP's 
marketing and sales materials). They also require SDs and MSPs to 
report certain swap transaction data to swap data repositories, to 
satisfy certain real time public reporting requirements, and to 
maintain records of information reported to swap data depositories and 
for real time reporting purposes.\8\ The Commission believes that the 
information collection obligations imposed by Commission regulations 
23.201 through 23.205 are necessary to implement sections 4s(f) and 
4s(g) of the CEA, including ensuring that each SD and MSP maintains the 
required records of their business activities and an audit trail 
sufficient to conduct comprehensive and accurate trade reconstruction. 
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.

    \2\ 17 CFR 23.201-23.205.
    \3\ 7 U.S.C. 4s(f).
    \4\ 7 U.S.C. 4s(g).
    \5\ 77 FR 20128.
    \6\ 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).
    \7\ 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 
    \8\ See 17 CFR 23.201-23.205.

    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.\9\

    \9\ 17 CFR 145.9.


[[Page 74769]]

    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: 2,096.
    Estimated Aggregate Burden Hours: 222,176.
    Frequency of Recordkeeping/Third Party Disclosure: Daily, or as 
    There are no new capital costs or operating and maintenance costs 
associated with this collection.

    Authority: 44 U.S.C. 3501 et seq.

    Dated: November 23, 2015.
Robert N. Sidman,
Deputy Secretary of the Commission.
[FR Doc. 2015-30236 Filed 11-27-15; 8:45 am]