2019-14049
[Federal Register Volume 84, Number 127 (Tuesday, July 2, 2019)]
[Notices]
[Pages 31578-31579]
From the Federal Register Online via the Government Publishing Office
[www.gpo.gov]
[FR Doc No: 2019-14049]
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COMMODITY FUTURES TRADING COMMISSION
Agency Information Collection Activities Under OMB Review
AGENCY: Commodity Futures Trading Commission.
ACTION: Notice.
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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 August 1, 2019.
ADDRESSES: Comments regarding the burden estimate 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 OMB within 30 days of this notice's
publication by either of the following methods. Please identify the
comments by ``OMB Control No. 3038-0104.''
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
[[Page 31579]]
Futures Trading Commission (Commission) by either of the following
methods. The copies should refer to ``OMB Control No. 3038-0104.''
By mail addressed to: Christopher Kirkpatrick, Secretary
of the Commission, Commodity Futures Trading Commission, Three
Lafayette Centre, 1155 21st Street NW, Washington, DC 20581;
By Hand Delivery/Courier to the same address; or
Through the Commission's website at http://comments.cftc.gov. Please
follow the instructions for submitting
comments through the website.
A copy of the supporting statement for the collection of
information discussed herein 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 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\ 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.
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\1\ 17 CFR 145.9.
FOR FURTHER INFORMATION CONTACT: Melissa A. D'Arcy, Special Counsel,
Division of Clearing and Risk, Commodity Futures Trading Commission,
(202) 418-5086; email: [email protected], and refer to OMB Control No.
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3038-0104.
SUPPLEMENTARY INFORMATION:
Title: Clearing Exemption for Swaps Between Certain Affiliated
Entities (OMB Control No. 3038-0104). This is a request for an
extension and revision 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. Commission regulation 50.52
permits certain affiliated entities to elect not to clear 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 inter-affiliate exemption
from clearing is elected. The Commission will use the information
described in this collection and reported pursuant to Commission
regulation 50.52 to monitor the use of the inter-affiliate exemption
from the Commission's clearing requirement and to assess any potential
market risks associated with such 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. On April 22, 2019, 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, 84 FR 16662 (60-Day Notice). The Commission did
not receive any comments on the 60-Day Notice.
Burden Statement: The Commission is revising its estimate of the
burden for this collection for counterparties to swaps between certain
affiliated entities that elect the inter-affiliate exemption under
Commission regulation 50.52. The respondent burden for this collection
is estimated to be as follows:
Estimated Number of Respondents: 310.
Estimated Average Burden Hours per Respondent: 1 hour.
Estimated Total Annual Burden Hours: 310 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 26, 2019.
Robert Sidman,
Deputy Secretary of the Commission.
[FR Doc. 2019-14049 Filed 7-1-19; 8:45 am]
BILLING CODE 6351-01-P