2022-14090
[Federal Register Volume 87, Number 126 (Friday, July 1, 2022)]
[Notices]
[Pages 39503-39504]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-14090]
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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
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 August 1, 2022.
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. 3038-0087, 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,
[[Page 39504]]
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.
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\1\ 17 CFR 145.9.
FOR FURTHER INFORMATION CONTACT: Andrew Chapin, Associate Chief
Counsel, Market Participants Division, Commodity Futures Trading
Commission, Three Lafayette Centre, 1155 21st Street NW, Washington, DC
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20581; (202) 418-5465; email: [email protected].
SUPPLEMENTARY INFORMATION:
Title: Reporting, Recordkeeping, and Daily Trading Records
Requirements for Swap Dealers and Major Swap Participants (OMB Control
Nos. 3038-0087). This is a request for an extension of a currently
approved information collection.
Abstract: On April 3, 2012, the Commission adopted Commission
regulations 23.201 through 23.205 (Reporting, Recordkeeping, and Daily
Trading Records Requirements For Swap Dealers and Major Swap
Participants) \2\ pursuant to sections 4s(f) \3\ and 4s(g) \4\ of the
Commodity Exchange Act (``CEA'').\5\ Commission regulations 23.201
through 23.205 require, among other things, swap dealers (``SD'') \6\
and major swap participants (``MSP'') \7\ to maintain transaction and
position records of their swaps (including daily trading records) and
to maintain specified business records (including records related to
the governance and financial status of the swap dealer or major swap
participant, complaints received by such SD or MSP and such SD or MSP's
marketing and sales materials). They also require SDs and MSPs to
report certain swap transaction data to swap data repositories, to
satisfy certain real time public reporting requirements, and to
maintain records of information reported to swap data depositories and
for real time reporting purposes.\8\ The Commission believes that the
information collection obligations imposed by Commission regulations
23.201 through 23.205 are necessary to implement sections 4s(f) and
4s(g) of the CEA, including ensuring that each SD and MSP maintains the
required records of their business activities and an audit trail
sufficient to conduct comprehensive and accurate trade reconstruction.
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\2\ 17 CFR 23.201-23.205.
\3\ 7 U.S.C. 6s(f).
\4\ 7 U.S.C. 6s(g).
\5\ 77 FR 20128.
\6\ For the definition of SD, see section 1a(49) of the CEA and
Commission regulation 1.3. 7 U.S.C. 1a(49) and 17 CFR 1.3.
\7\ For the definitions of MSP, see section 1a(33) of the CEA
and Commission regulation 1.3. 7 U.S.C. 1a(33) and 17 CFR 1.3.
\8\ See 17 CFR 23.201-23.205.
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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 26, 2022, 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, 87 FR 24533 (``60-Day Notice''). The Commission
did not receive any relevant comments on the 60-Day Notice.
Burden Statement: The Commission is revising its estimate of the
burden for this collection to reflect the current number of respondents
and estimated burden hours. The respondent burden for this collection
is estimated to be as follows:
Estimated Number of Respondents: 107.
Estimated Average Burden Hours per Respondent: 2,096.
Estimated Total Annual Burden Hours: 224,272.
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: June 27, 2022.
Robert Sidman,
Deputy Secretary of the Commission.
[FR Doc. 2022-14090 Filed 6-30-22; 8:45 am]
BILLING CODE 6351-01-P