Federal Register, Volume 86 Issue 35 (Wednesday, February 24, 2021) 
[Federal Register Volume 86, Number 35 (Wednesday, February 24, 2021)]
[Pages 11267-11268]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-03817]



Agency Information Collection Activities: Notice of Intent To
Renew 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 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 the Commission's
regulations concerning large trader reporting for physical commodity

DATES: Comments must be submitted on or before April 26, 2021.

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.
     Please submit your comments using only one method and
identify that it is for the renewal of Collection Number 3038-0095. 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: Tom Guerin, Counsel, Division of Data,
Commodity Futures Trading Commission, (202) 418-5000; email:
[email protected].

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 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: 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 Commission estimates the burden of this
collection of information as follows:
     Estimated Number of Respondents: 5,088.
     Estimated Total Annual Number of Responses: 41,608.
     Estimated Total Annual Burden Hours: 65,412.

[[Page 11268]]

     Estimated Average Annual Burden Hours per Response: 1.57.

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

    Dated: February 19, 2021.
Robert Sidman,
Deputy Secretary of the Commission.
[FR Doc. 2021-03817 Filed 2-23-21; 8:45 am]