2016-10848

Federal Register, Volume 81 Issue 90 (Tuesday, May 10, 2016)

[Federal Register Volume 81, Number 90 (Tuesday, May 10, 2016)]

[Notices]

[Pages 28831-28832]

From the Federal Register Online via the Government Publishing Office [www.gpo.gov]

[FR Doc No: 2016-10848]

-----------------------------------------------------------------------

COMMODITY FUTURES TRADING COMMISSION

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 June 9, 2016.

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 the Office of Management and Budget (OMB),

within 30 days of the notice's publication by email at

[email protected]. Please identify the comments by ``OMB

Control No. 3038-0104 (Exemption for Swaps Between Affiliates).''

Please provide the Commodity Futures Trading Commission (``CFTC'' or

``Commission'') with a copy of all submitted comments at the address

listed below. Please refer to OMB Reference Nos. 3038-0104, found on

http://reginfo.gov. Comments may also be mailed to OIRA, OMB,

Attention: Desk Officer for the Commodity Futures Trading Commission,

725 17th Street NW., Washington, DC 20503, and to the Commission

through its 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,

Commodity Futures Trading Commission, 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. 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

section 145.9 of the Commission's regulations.

FOR FURTHER INFORMATION CONTACT: Peter Kals, Division of Clearing and

Risk, Commodity Futures Trading Commission, (202) 418-5466; email:

[email protected], and refer to OMB Control No. 3038-0104.

SUPPLEMENTARY INFORMATION:

Title: Exemption for Swaps Between Affiliates (OMB Control No.

3038-

[[Page 28832]]

0104). This is a request for extension of a currently approved

information collection.

Abstract: Section 2(h)(1)(A) of the Commodity Exchange Act requires

certain entities to submit for clearing certain swaps if they are

required to be cleared by the Commission. Rule 50.52 permits certain

affiliated entities to elect not to clear certain inter-affiliate swaps

that otherwise would be required to be cleared, provided that they meet

certain conditions. The rule further requires the reporting of certain

information if the exemption is elected. This collection pertains to

information the Commission needs to monitor use of the exemption and

assess market risk in connection therewith. The collections of

information are required to obtain the exemption. 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 Commission did not receive any comments on the 60-

day Federal Register notice, 81 FR 11762, dated March 7, 2016.

Burden Statement: The respondent burden for this collection is

estimated to require one hour per response.

Respondents/Affected Entities: Swap dealers and other multinational

corporations.

Estimated Number of Respondents: 75.

Estimated Average Burden Hours per Respondent: 1 hour.

Estimated Total Average Annual Burden Hours on Respondents: 75

hours.

Frequency of Collection: Annually; on occasion.

There are no capital costs or operating and maintenance costs

associated with this collection.

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

Dated: May 4, 2016.

Robert N. Sidman,

Deputy Secretary of the Commission.

[FR Doc. 2016-10848 Filed 5-9-16; 8:45 am]

BILLING CODE 6351-01-P

 

Last Updated: May 10, 2016