87 FR 4567
[Federal Register Volume 87, Number 19 (Friday, January 28, 2022)]
[Notices]
[Pages 4567-4568]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-01716]
=======================================================================
-----------------------------------------------------------------------
COMMODITY FUTURES TRADING COMMISSION
Agency Information Collection Activities: Notice of Intent To
Extend Collection 3038-0084: Regulations Establishing and Governing the
Duties of Swap Dealers and Major Swap Participants
AGENCY: Commodity Futures Trading Commission.
ACTION: Notice.
-----------------------------------------------------------------------
SUMMARY: The Commodity Futures Trading Commission (``Commission'' or
``CFTC'') is announcing an opportunity for public comment on the
proposed renewal of a 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 collection of
information mandated by Commission regulations 23.600 (Risk Management
Program), 23.601 (Monitoring of Position Limits), 23.602 (Diligent
Supervision), 23.603 (Business Continuity and Disaster Recovery),
23.606 (General Information: Availability for Disclosure and
Inspection), and 23.607 (Antitrust Considerations).
DATES: Comments must be submitted on or before March 29, 2022.
ADDRESSES: You may submit comments, identified by ``OMB Control No.
3038-0084'' by any of the following methods:
The Agency's website, at https://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 https://www.cftc.gov.
FOR FURTHER INFORMATION CONTACT: Jacob Chachkin, Associate Chief
Counsel, Market Participants Division, Commodity Futures Trading
Commission, Three Lafayette Centre, 1155 21st Street NW, Washington, DC
20581; (202) 418-5496; 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, including each proposed extension of an existing
collection of information, before submitting the collection to OMB for
approval. To comply with this requirement, the Commission is publishing
notice of the proposed extension of the existing collection of
information listed below. 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.
Title: Regulations Establishing and Governing the Duties of Swap
Dealers and Major Swap Participants (OMB Control No. 3038-0084). This
is a
[[Page 4568]]
request for an extension of a currently approved information
collection.
Abstract: On April 3, 2012 the Commission adopted Commission
regulations 23.600 (Risk Management Program), 23.601 (Monitoring of
Position Limits), 23.602 (Diligent Supervision), 23.603 (Business
Continuity and Disaster Recovery), 23.606 (General Information:
Availability for Disclosure and Inspection), and 23.607 (Antitrust
Considerations) \1\ pursuant to section 4s(j) \2\ of the Commodity
Exchange Act (``CEA''). The above regulations adopted by the Commission
require, among other things, swap dealers (``SD'') \3\ and major swap
participants (``MSP'') \4\ to develop a risk management program
(including a plan for business continuity and disaster recovery and
policies and procedures designed to ensure compliance with applicable
position limits). The Commission believes that the information
collection obligations imposed by the above regulations are essential
to ensuring that swap dealers and major swap participants maintain
adequate and effective risk management programs and policies and
procedures to ensure compliance with position limits.
---------------------------------------------------------------------------
\1\ 17 CFR 23.600, 23.601, 23.602, 23.603, 23.606, and 23.607.
\2\ 7 U.S.C. 6s(j).
\3\ 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.
\4\ 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.
---------------------------------------------------------------------------
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
use;
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.
You should submit only information that you wish to make available
publicly. If you wish for 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.\5\
---------------------------------------------------------------------------
\5\ 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 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 Information Collection Request 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 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: 1,148.5 hours.
Estimated Total Annual Burden Hours: 122,889.5 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: January 25, 2022.
Robert Sidman,
Deputy Secretary of the Commission.
[FR Doc. 2022-01716 Filed 1-27-22; 8:45 am]
BILLING CODE 6351-01-P