Federal Register, Volume 84 Issue 186 (Wednesday, September 25, 2019) 
[Federal Register Volume 84, Number 186 (Wednesday, September 25, 2019)]
[Pages 50413-50414]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-20749]



Agency Information Collection Activities: Notice of Intent To
Extend Collection 3038-0096, Swap Data Recordkeeping and Reporting

AGENCY: Commodity Futures Trading Commission.

ACTION: Notice.


SUMMARY: The Commodity Futures Trading Commission (``CFTC'' or
``Commission'') is announcing an opportunity for public comment on the
proposed renewal of an information collection 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 swap data recordkeeping and reporting
requirements on the following entities: Swap Dealers (``SDs''), Major
Swap Participants (``MSPs''), and swap counterparties that are neither
swap dealers nor major swap participants (``non-SD/MSP

DATES: Comments must be submitted on or before November 25, 2019.

ADDRESSES: You may submit comments, identified by ``Extension of
Information Collection Pertaining to Swap Data Recordkeeping and
Reporting Requirements, OMB Control No. 3038-0096,'' 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.
    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) 418-5785, email: [email protected], and refer to OMB Control No.

SUPPLEMENTARY INFORMATION: Under the PRA, 44 U.S.C. 3501 et seq.,
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 information
collection, including each proposed extension of an existing
information collection, before submitting the collection to OMB for
approval. To comply with this requirement, the CFTC is publishing
notice of a proposed extension of the currently approved information
collection listed below. An agency may not conduct or sponsor, and a
person is not required to respond to, an information collection unless
it displays a currently valid OMB control number.
    Title: Swap Data Recordkeeping and Reporting Requirements (OMB
Control No. 3038-0096). This is a request for extension of a currently
approved information collection.
    Abstract: The information collection is needed to ensure that the
CFTC and other regulators have access to swap data as required by the
Commodity Exchange Act, as amended by the Dodd-Frank Wall Street Reform
and Consumer Protection Act (``Dodd-Frank Act''). The Dodd-Frank Act
directed the CFTC to adopt rules providing for the reporting of data
relating to swaps. In 2012, the CFTC adopted Regulation 45, which
imposes recordkeeping and reporting requirements relating to pre-
enactment and historical swaps.
    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 CFTC,
including whether the information will have a practical use;
     The accuracy of the CFTC'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 CFTC to consider information that you believe
is exempt from disclosure under the Freedom of Information Act (FOIA),
a petition for confidential treatment of the exempt information may be
submitted according to the procedures established in Sec.  145.9 of the
CFTC's regulations.\1\

    \1\ 17 CFR 145.9.

    The CFTC 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 Correction Request will be retained in
the public comment file and will be considered as required under the
Administrative Procedure Act and other

[[Page 50414]]

applicable laws, and may be accessible under FOIA.
    Burden Statement: Provisions of CFTC Regulations 45.2, 45.3, 45.4,
45.5, 45.6, 45.7, and 45.14 result in information collection
requirements within the meaning of the PRA. With respect to the ongoing
reporting and recordkeeping burdens associated with swaps, the CFTC
believes that SDs, MSPs, and non-SD/MSP counterparties incur an annual
time burden of 2,279,312 hours. This time-burden represents a
proportion of the burden respondents incur to operate and maintain
their swap data recordkeeping and reporting systems.
    Respondents/Affected Entities: Swap Dealers, Major Swap
Participants, and other counterparties to a swap transaction (i.e.,
end-user, non-SD/non-MSP counterparties).
    Estimated number of respondents: 1,732.
    Estimated average burden hours per respondent: 1,316.
    Estimated total annual burden hours on respondents: 2,279,312
    Frequency of collection: Ongoing.
    There are no capital costs or operating and maintenance costs
associated with this collection.

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

    Dated: September 19, 2019.
Robert Sidman,
Deputy Secretary of the Commission.
[FR Doc. 2019-20749 Filed 9-24-19; 8:45 am]