Federal Register, Volume 83 Issue 39 (Tuesday, February 27, 2018)

[Federal Register Volume 83, Number 39 (Tuesday, February 27, 2018)]


[Pages 8456-8457]

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

[FR Doc No: 2018-03950]




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 March 29, 2018.

ADDRESSES: Comments regarding the burden estimate or any other aspect

of the information collection, including suggestions for reducing the

burden, may be submitted to the Office of Information and Regulatory

Affairs (OIA) in OMB within 30 days of this notice's publication by

either of the following methods. Please identify the comments by ``OMB

Control No. 3038-0066.''

By email addressed to: [email protected] or

By mail addressed to: the Office of Information and

Regulatory Affairs, Office of Management and Budget, Attention: Desk

Officer for the Commodity Futures Trading Commission, 725 17th Street

NW, Washington, DC 20503.

A copy of all comments submitted to OIRA should be sent to the

Commodity Futures Trading Commission (the ``Commission'') by any of the

following methods. The copies sent to the Commission also should refer

to ``OMB Control No. 3038-0066.''

The Agency's website, via its Comments Online process:

http://comments.cftc.gov/. Follow the instructions for submitting

comments through the website.

Mail: Christopher J. Kirkpatrick, Secretary, 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.

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. 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.\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 inappropriate for

publication, such as obscene language. All submissions that have been

redacted or

[[Page 8457]]

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.

A copy of the supporting statements for the collection of

information discussed herein may be obtained by visiting http://RegInfo.gov.

FOR FURTHER INFORMATION CONTACT: Jocelyn Partridge, Special Counsel,

Division of Clearing and Risk, (202) 418-5926, email:

[email protected]


Title: Financial Resource Requirements for Derivatives Clearing

Organizations (OMB Control No. 3038-0066). This is a request for an

extension of a currently approved information collection.

Abstract: This collection of information involves the financial

resource reporting requirements set forth in section 39.11 of the

Commission's regulations. Section 5b(c)(2) of the Commodity Exchange

Act (``CEA'' or ``Act'') \2\ sets forth certain core principles with

which a derivatives clearing organization (``DCO'') must comply in

order to become registered with the Commission and to maintain such

registration. One of these core principles, core principle B, sets

forth the financial resource requirements applicable to DCOs. Section

5b(c)(2) also requires DCOs to comply with the regulations promulgated

by the Commission pursuant to section 8a(5) of the Act.\3\ Section

39.11 of the Commission's regulations, which implements core principle

B, includes the financial resource reporting requirements that are the

subject of this information collection. The information collection is

necessary for, and would be used by, the Commission to evaluate a DCO's

compliance with the financial resource requirements for DCOs prescribed

in the CEA, including core principle B, and the Commission's



\2\ 7 U.S.C. 7a-1(c)(2).

\3\ Section 8a(5) of the CEA authorizes the Commission to

promulgate such rules and regulations as, in the judgement of the

Commission, are reasonably necessary to effectuate any of the

provisions or to accomplish any of the purposes of the CEA. 7 U.S.C.



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 number. On December 5, 2017, the Commission

published in the Federal Register notice of the proposed extension of

this information collection and provided 60 days for public comment on

the proposed extension, 82 FR 57430, December 5, 2017 (``60-Day

Notice''). The Commission did not receive any comments. Accordingly, it

has not altered the burden estimates set forth in the 60-Day Notice.

Burden Statement

As noted above, this information collection renewal involves the

financial reporting requirement contained in section 39.11 of the

Commission's regulations. Specifically, it involves the requirements

that a DCO that is registered with the Commission report certain

information regarding the DCO's financial resources, the value thereof,

and the basis for these calculations that is necessary to assess the

DCO's compliance with the financial resources requirements of the CEA

and Commission regulations. The Commission has revised its estimate of

the total annual burden hours for this collection to account for an

increase in the number of respondents (from 14 to 17), but has

maintained the original burden hour estimate of 10 hours per quarterly

report as the reporting requirements have remain unchanged. The

respondent burden for this information collection is estimated to be as


Estimated Annual Number of Respondents: 17.

Estimated Annual Number of Reports per Respondent: 4.

Estimated Total Annual Number of Responses: 68.

Estimated Average Number of Hours per Response: 10.

Estimated Average Annual Burden Hours per Respondent: 40.

Estimated Total Annual Burden Hours: 680 hours.

Frequency of collection: Quarterly and on occasion.

Type of Respondents: derivatives clearing organizations.

There are no capital or start-up costs associated with this

information collection, nor are there any operating or maintenance

costs associated with this information collection.

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

Dated: February 22, 2018.

Robert N. Sidman,

Deputy Secretary of the Commission.

[FR Doc. 2018-03950 Filed 2-26-18; 8:45 am]




Last Updated: February 27, 2018