Federal Register, Volume 86 Issue 72 (Friday, April 16, 2021) 
[Federal Register Volume 86, Number 72 (Friday, April 16, 2021)]
[Pages 20129-20130]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-07870]



Agency Information Collection Activities: Notice of Intent To
Extend Collection 3038-0074: Core Principles and Other Requirements for
Swap Execution Facilities

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 Information and
Regulatory Affairs (OIRA), of 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 May 17, 2021.

ADDRESSES: Written comments and recommendations for the proposed
information collection should be submitted within 30 days of this
notice's publication to OIRA, at https://www.reginfo.gov/public/do/PRAMain. Please find this particular information collection by
selecting ``Currently under 30-day Review--Open for Public Comments''
or by using the website's search function. Comments can be entered
electronically by clicking on the ``comment'' button next to the
information collection on the ``OIRA Information Collections Under
Review'' page, or the ``View ICR--Agency Submission'' page. A copy of
the supporting statement for the collection of information discussed
herein may be obtained by visiting https://www.reginfo.gov/public/do/PRAMain.
    In addition to the submission of comments to https://Reginfo.gov as
indicated above, a copy of all comments submitted to OIRA may also be
submitted to the Commodity Futures Trading Commission (the
``Commission'' or ``CFTC'') by clicking on the ``Submit Comment'' box
next to the descriptive entry for OMB Control No. 3038-0074, at https://comments.cftc.gov/FederalRegister/PublicInfo.aspx.
    Or by either of the following methods:
     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.
    All comments must be submitted in English, or if not, accompanied
by an English translation. Comments submitted to the Commission should
include 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 https://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.

    \1\ 17 CFR 145.9.

FOR FURTHER INFORMATION CONTACT: Roger Smith, Associate Chief Counsel,
Division of Market Oversight, Commodity Futures Trading Commission,
(202) 418-5344; email: [email protected]. Please refer to OMB Control No.

    Title: Core Principles and Other Requirements for Swap Execution
Facilities (OMB Control No. 3038-0074). This is a request for extension
of a currently approved information collection.
    Abstract: Title VII of the Dodd-Frank Wall Street Reform and
Consumer Protection Act (``Dodd-Frank Act'') added new section 5h to
the Commodity Exchange Act (``CEA'') to impose requirements concerning
the registration and operation of swap execution facilities (``SEFs''),
which the Commission has incorporated in part 37 of its regulations.
These information collections are needed for the Commission to ensure
that SEFs comply with these requirements. Among other requirements,
part 37 of the Commission's regulations imposes SEF registration
requirements for a trading platform or system, obligates SEFs to
provide transaction confirmations to swap counterparties, and requires
SEFs to comply with 15 core principles. Collection 3038-0074 was
created in response to the part 37 regulatory requirements for SEFs.
    In April 2018, the Commission published a 30-Day Notice of Intent
to Renew Collection 3038-0074 (30-Day Renewal Notice) and stated that
25 SEFs were registered with the Commission.\2\ However, since
publication of the 30-Day Renewal Notice, the Commission has granted
permanent registration to several additional SEFs, while others SEFs
have had their registrations vacated or have been deemed dormant under
part 40 of the Commission regulations, for a total of 21 registered
SEFs.\3\ Therefore, on January 19, 2021,

[[Page 20130]]

the Commission published in the Federal Register notice of the proposed
extension of this information collection, which proposed revising the
below burden statement for OMB Control No. 3038-0074 to account for the
decrease in the number of registered SEFs, and provided 60 days for
public comment on the proposed extension, 86 FR 5147, (Jan. 19, 2021)
(60-Day Renewal Notice). The Commission received four non-substantive
comments on the 60-Day Renewal Notice.

    \2\ 83 FR 15557 (Apr. 21, 2018).
    \3\ This includes 20 SEFs that are currently registered with the
Commission and one dormant SEF that is in the process of filing for
reinstatement in accordance with Commission regulation 37.3(d) and
is currently operating under staff no-action relief. See CFTC Letter
No. 20-29, available at https://www.cftc.gov/csl/20-29/download.

    Burden Statement: The Commission is revising its estimate of the
burden for this collection to account for the change in the number of
SEFs currently registered with the Commission. The respondent burden
for this collection is estimated to be as follows:
    Estimated Number of Respondents: 21.
    Estimated Average Burden Hours per Respondent: 21,000.
    Estimated Total Annual Burden Hours: 21,000.\4\

    \4\ The Commission notes that collection 3038-0074 includes an
additional 1,200 burden hours for SEF registration applicants that
have not been affected by this amendment. Therefore, the total
burden for this collection is 22,200 hours.

    Frequency of Collection: As applicable.
There are no capital costs or operating and maintenance costs
associated with this collection.

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

    Dated: April 13, 2021.
Robert Sidman,
Deputy Secretary of the Commission.
[FR Doc. 2021-07870 Filed 4-15-21; 8:45 am]