Agency Information Collection Activities Under OMB Review

CourtCommodity Futures Trading Commission
Citation84 FR 31578
Record Number2019-14049
SectionNotices
Published date02 July 2019
Federal Register, Volume 84 Issue 127 (Tuesday, July 2, 2019)
[Federal Register Volume 84, Number 127 (Tuesday, July 2, 2019)]
                [Notices]
                [Pages 31578-31579]
                From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
                [FR Doc No: 2019-14049]
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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 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, 2019.
                ADDRESSES: Comments regarding the burden estimate or any other aspect
                of the information collection, including suggestions for reducing the
                burden, may be submitted directly to the Office of Information and
                Regulatory Affairs (OIRA) in OMB within 30 days of this notice's
                publication by either of the following methods. Please identify the
                comments by ``OMB Control No. 3038-0104.''
                 By email addressed to: [email protected] or
                 By mail addressed to: The Office of Information and
                Regulatory Affairs, Office of Management and Budget, Attention Desk
                Officer for the Commodity Futures Trading Commission, 725 17th Street
                NW, Washington, DC 20503.
                 A copy of all comments submitted to OIRA should be sent to the
                Commodity
                [[Page 31579]]
                Futures Trading Commission (Commission) by either of the following
                methods. The copies should refer to ``OMB Control No. 3038-0104.''
                 By mail addressed to: Christopher Kirkpatrick, Secretary
                of the Commission, Commodity Futures Trading Commission, Three
                Lafayette Centre, 1155 21st Street NW, Washington, DC 20581;
                 By Hand Delivery/Courier to the same address; or
                 Through the Commission's website at http://comments.cftc.gov. Please follow the instructions for submitting
                comments through the website.
                 A copy of the supporting statement for the collection of
                information discussed herein may be obtained by visiting http://RegInfo.gov.
                 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\ 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.
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                 \1\ 17 CFR 145.9.
                FOR FURTHER INFORMATION CONTACT: Melissa A. D'Arcy, Special Counsel,
                Division of Clearing and Risk, Commodity Futures Trading Commission,
                (202) 418-5086; email: [email protected], and refer to OMB Control No.
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                3038-0104.
                SUPPLEMENTARY INFORMATION:
                 Title: Clearing Exemption for Swaps Between Certain Affiliated
                Entities (OMB Control No. 3038-0104). This is a request for an
                extension and revision of a currently approved information collection.
                 Abstract: Section 2(h)(1)(A) of the Commodity Exchange Act requires
                certain entities to submit for clearing certain swaps if they are
                required to be cleared by the Commission. Commission regulation 50.52
                permits certain affiliated entities to elect not to clear inter-
                affiliate swaps that otherwise would be required to be cleared,
                provided that they meet certain conditions. The rule further requires
                the reporting of certain information if the inter-affiliate exemption
                from clearing is elected. The Commission will use the information
                described in this collection and reported pursuant to Commission
                regulation 50.52 to monitor the use of the inter-affiliate exemption
                from the Commission's clearing requirement and to assess any potential
                market risks associated with such exemption.
                 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 22, 2019, 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, 84 FR 16662 (60-Day Notice). The Commission did
                not receive any comments on the 60-Day Notice.
                 Burden Statement: The Commission is revising its estimate of the
                burden for this collection for counterparties to swaps between certain
                affiliated entities that elect the inter-affiliate exemption under
                Commission regulation 50.52. The respondent burden for this collection
                is estimated to be as follows:
                 Estimated Number of Respondents: 310.
                 Estimated Average Burden Hours per Respondent: 1 hour.
                 Estimated Total Annual Burden Hours: 310 hours.
                 Frequency of Collection: Annually; on occasion.
                 There are no capital costs or operating and maintenance costs
                associated with this collection.
                (Authority: 44 U.S.C. 3501 et seq.)
                 Dated: June 26, 2019.
                Robert Sidman,
                Deputy Secretary of the Commission.
                [FR Doc. 2019-14049 Filed 7-1-19; 8:45 am]
                 BILLING CODE 6351-01-P
                

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