2016-15473

Federal Register, Volume 81 Issue 126 (Thursday, June 30, 2016)

[Federal Register Volume 81, Number 126 (Thursday, June 30, 2016)]

[Notices]

[Pages 42667-42668]

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

[FR Doc No: 2016-15473]

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COMMODITY FUTURES TRADING COMMISSION

Agency Information Collection Activities: Notice of Intent To

Renew Collection 3038-0102, Clearing Exemption for Certain Swaps

Entered Into by Cooperatives

AGENCY: Commodity Futures Trading Commission.

ACTION: Notice.

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SUMMARY: The Commodity Futures Trading Commission (``CFTC'' or

``Commission'') is announcing an opportunity for public comment on the

proposed collection renewal 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 and to allow 60 days for public comment. This

notice solicits comments on the reporting requirements related to

Commission regulation 50.51, which permits certain cooperatives to

elect not to clear certain swaps that otherwise would be required to be

cleared, provided that they meet certain conditions.

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

ADDRESSES: You may submit comments, identified by ``Clearing Exemption

for Certain Swaps Entered into by Cooperatives,'' or OMB Control No.

3038-0102, by any of the following methods:

The Commission'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

http://www.cftc.gov.

FOR FURTHER INFORMATION CONTACT: Melissa A. D'Arcy, Special Counsel,

Division of Clearing and Risk, Commodity Futures Trading Commission,

Three Lafayette Centre, 1155 21st Street NW., Washington, DC 20581;

(202) 418-5086; email: [email protected].

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 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: Clearing Exemption for Certain Swaps Entered into by

Cooperatives (OMB Control No. 3038-0102). This is a request for an

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

[[Page 42668]]

certain swaps if they are required to be cleared by the Commission.

Commission regulation 50.51 permits certain cooperatives to elect not

to clear certain 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 for cooperatives

is elected. This collection pertains to information the Commission

needs to monitor use of the exemption and assess market risk in

connection therewith.

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

use;

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.\1\

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\1\ 17 CFR 145.9.

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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 update the estimated number of

respondents and the estimated burden hours. The respondent burden for

this collection is estimated to be as follows:

Respondents/Affected Entities: Parties electing the cooperative

exemption under Commission regulation 50.51.

Estimated number of respondents: 25.

Estimated average burden hours per Respondent: 1 hour.

Estimated total annual burden hours on respondents: 25 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: June 24, 2016.

Robert N. Sidman,

Deputy Secretary of the Commission.

[FR Doc. 2016-15473 Filed 6-29-16; 8:45 am]

BILLING CODE 6351-01-P

 

Last Updated: June 30, 2016