2025-11803
[Federal Register Volume 90, Number 121 (Thursday, June 26, 2025)]
[Notices]
[Pages 27289-27290]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2025-11803]
-----------------------------------------------------------------------
COMMODITY FUTURES TRADING COMMISSION
Agency Information Collection Activities Under OMB Review
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 July 28, 2025.
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, 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 (``FOIA''),
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 FOIA.
---------------------------------------------------------------------------
\1\ 17 CFR 145.9, 74 FR 17395 (Apr. 15, 2009).
FOR FURTHER INFORMATION CONTACT: Catherine Brescia, Attorney Advisor,
Market Participants Division, Commodity Futures Trading Commission,
Three Lafayette Centre, 1155 21st Street NW, Washington, DC 20581;
(202) 418-6236; email: [email protected]; and refer to OMB Control No.
---------------------------------------------------------------------------
3038-0087.
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
[[Page 27290]]
dealers (``SDs'') \6\ and major swap participants (``MSPs'') \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 SD or MSP, 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
(``SDRs''), to satisfy certain real time public reporting requirements,
and to maintain records of information reported to SDRs 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.
---------------------------------------------------------------------------
\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 (Apr. 3, 2012).
\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 definition 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.
---------------------------------------------------------------------------
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 8, 2025, 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, 90 FR 15138 (``60-Day Notice''). The Commission
did not receive any relevant comments on the 60-Day Notice.
Burden Statement: The Commission is not revising its estimate of
the burden for this collection to reflect the current number of
respondents and estimated burden hours.\9\ The respondent burden for
this collection is estimated to be as follows:
---------------------------------------------------------------------------
\9\ The 60-Day Notice reflected an estimate of 106 respondents.
Based on this number of respondents, the Commission had previously
estimated that the annual burden hours for all respondents totaled
222,176. These estimates have been updated based on the most recent
available data on the total number of respondents as shown here.
---------------------------------------------------------------------------
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 24, 2025.
Robert Sidman,
Deputy Secretary of the Commission.
[FR Doc. 2025-11803 Filed 6-25-25; 8:45 am]
BILLING CODE 6351-01-P