Federal Register, Volume 83 Issue 28 (Friday, February 9, 2018)

[Federal Register Volume 83, Number 28 (Friday, February 9, 2018)]


[Pages 5761-5762]

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

[FR Doc No: 2018-02572]



Agency Information Collection Activities: Notice of Intent To

Extend Collection 3038-0095; Large Trader Reporting for Physical

Commodity Swaps

AGENCY: Commodity Futures Trading Commission.

ACTION: Notice.


SUMMARY: The Commodity Futures Trading Commission (CFTC) is announcing

an opportunity for public comment on the proposed extension 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 information collection

requirements set out in part 20 of the Commission's regulations

concerning large trader reporting for physical commodity swaps.

DATES: Comments must be submitted on or before April 10, 2018.

ADDRESSES: You may submit comments, identified by ``3038-0095'' by any

of the following methods:

The Agency's website, at http://comments.cftc.gov/. Follow

the instructions for submitting comments through the website.

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.


Division of Market Oversight, Commodity Futures Trading Commission,

(202) 418-5360; 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. An agency may not conduct or

sponsor, and a person is not required to respond to, a collection of

information unless it displays a valid OMB control number. To comply

with this requirement, the CFTC is publishing notice of the proposed

collection of information listed below.

Title: Large Trader Reporting for Physical Commodity Swaps, (OMB

Control No. 3038-0095). This is a request for extension of a currently

approved information collection.

Abstract: Part 20 of the Commission's regulations (``Reporting

Rules'') requires clearing organizations and any persons that are

``reporting entities'' to file swaps position data with the Commission.

The Reporting Rules collect clearing member reports from clearing

organizations. The Reporting Rules also require position reports from

reporting entities for principal and counterparty positions in cleared

and uncleared physical commodity swaps. Reporting entities are those

persons that are either ``clearing members'' or ``swap dealers'' that

are otherwise not clearing members. For purposes of part 20, reporting

parties are required to submit data on positions on a futures

equivalent basis so as to allow the Commission to assess a trader's

market impact across differently structured but linked derivatives

instruments and markets. This renewal updates the total requested

burden based on available reported data.

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.

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 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\


\1\ 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 ICR 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 annual respondent burden for this collection during the renewal

period is estimated to be as follows:

Estimated Number of Respondents: 4,824.

Estimated Average Annual Burden Hours per Respondent:


Estimated Total Annual Number of Responses: 56,088.

[[Page 5762]]

Estimated Total Annual Burden Hours: 86,902.

Type of Respondents: Respondents may include clearing

organizations, persons that are clearing members or swap dealers that

are reporting entities, and large swap counterparties.

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

Dated: February 5, 2018.

Robert N. Sidman,

Deputy Secretary of the Commission.

[FR Doc. 2018-02572 Filed 2-8-18; 8:45 am]




Last Updated: February 9, 2018