Agency Information Collection Activities: Notice of Intent To Renew Collection 3038-0070, Real-Time Public Reporting and Block Trade, 18744-18746 [2017-08097]

Download as PDF sradovich on DSK3GMQ082PROD with NOTICES 18744 Federal Register / Vol. 82, No. 76 / Friday, April 21, 2017 / Notices Committee has up-to-date and complete information about the nonprofit agency’s qualifications to participate in the AbilityOne Program. This form is completed only for new additions of products or services to the PL, and does not include administrative additions, or any other administrative or fair market price changes, to the PL. The already established annual representations and certification form (OMB number: 3037– 0013) will continue to be required. The project specific representations and certification form being certified has been developed to include the regulatory requirements of section 51– 4.3 and to collect other information pertinent to the Committee’s determination of nonprofit agency qualifications under 41 CFR 51–2.4(a) (b). Title: Project Specific Representations and Certification Form for AbilityOne Qualified Nonprofit Agency. OMB Control Number: 3037–0014. Form Number: Project Specific Reps and Certs. Description of Respondents: Nonprofit agencies serving people who are blind or significantly disabled that participate in the AbilityOne Program. Annual Number of Respondents: About 469 nonprofit agencies serving people who are blind or significantly disabled annually participate in the AbilityOne Program. Total Annual Burden Hours: Burden is estimated to average 2 hours per respondent. Total annual burden is 938 hours. Note: This burden estimate is only for the nonprofit agencies that will be submitting addition requests for a product or service with a total contract value exceeding $500,000. Therefore, not all participating NPAs will be required to complete the form. We invite comments concerning this renewal on: (1) Whether the collection of information is necessary for the proper performance of our agency’s functions, including whether the information will have practical utility; (2) the accuracy of our estimate of the burden of the collection of information; (3) ways to enhance the quality, utility, and clarity of the information to be collected; and (4) ways to minimize the burden of the collection of information on respondents. Amy B. Jensen, Director, Business Operations. [FR Doc. 2017–08112 Filed 4–20–17; 8:45 am] BILLING CODE 6353–01–P VerDate Sep<11>2014 17:30 Apr 20, 2017 Jkt 241001 COMMODITY FUTURES TRADING COMMISSION Agency Information Collection Activities: Notice of Intent To Renew Collection 3038–0070, Real-Time Public Reporting and Block Trade Commodity Futures Trading Commission. ACTION: Notice. AGENCY: The Commodity Futures Trading Commission (Commission) is announcing an opportunity for public comment on the renewal of the 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 and to allow 60 days for public comment. This notice solicits comments in connection with part 43 of the Commission’s regulations, which implements a framework for the realtime public reporting of swap transaction and pricing data for all swap transactions. DATES: Comments must be submitted on or before June 20, 2017. ADDRESSES: You may submit comments, identified by ‘‘Renewal of Collection Pertaining to Real-Time Public Reporting and Block Trade’’ by any of the following methods: • The Agency’s Web site, at http:// comments.cftc.gov/. Follow the instructions for submitting comments through the Web site. • 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. • Federal eRulemaking Portal: http:// www.regulations.gov/. Follow the instructions for submitting comments through the Portal. Please submit your comments using only one method. FOR FURTHER INFORMATION CONTACT: John W. Dunfee, Assistant General Counsel, Office of General Counsel, Commodity Futures Trading Commission, (202) 418–5396; email: jdunfee@cftc.gov, and refer to OMB Control No.3038–0070. SUPPLEMENTARY INFORMATION: Under the PRA, 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 SUMMARY: PO 00000 Frm 00017 Fmt 4703 Sfmt 4703 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 before submitting the collection to OMB for approval. To comply with this requirement, the Commission is publishing notice of the existing collections of information listed below. Title: Real-Time Public Reporting and Block Trade (OMB Control No. 3038– 0070). This is a request for extension of currently approved information collections. Abstract: Title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) added to the Commodity Exchange Act (CEA) new section 2(a)(13), which establishes standards and requirements related to real-time reporting and the public availability of swap transaction and pricing data. Section 2(a)(13) and part 43 of the Commission’s Regulations require reporting parties to publish realtime swap transactions and pricing data to the general public. Without the frequency of reporting set forth in part 43, the Commission would not be able to adequately assess the swap markets and, more importantly, would fail to achieve the frequency of reporting and promotion of increased price discovery in the swaps market which are mandated by the Dodd-Frank Act. With respect to these information collections, the Commission invites comments on: • Whether the collections of information are 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 collections 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. 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 E:\FR\FM\21APN1.SGM 21APN1 sradovich on DSK3GMQ082PROD with NOTICES Federal Register / Vol. 82, No. 76 / Friday, April 21, 2017 / Notices 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 § 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 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: Part 43 of the Commission’s regulations results in three information collection requirements within the meaning of the PRA.2 The first collection of information requirement under part 43 imposes a reporting requirement on registered swap execution facilities (‘‘SEFs’’) or designated contract markets (‘‘DCMs’’) when a swap is executed on a trading facility or on the parties to a swap transaction when the swap is executed bilaterally. The second collection of information requirement under part 43 of the Commission’s regulations creates a public dissemination requirement on registered swap data repositories (‘‘SDRs’’). The third collection of information requirement imposes a recordkeeping requirement for SEFs, DCMs, SDRs and any reporting party (as such term is defined in part 43 of the Commission’s regulations). The Commission notes that rather than the initial estimate of 40 SEFs, there currently are 25 SEFs either registered with the Commission or with registrations pending.3 The Commission notes that rather than the initial estimate of 18 DCMs, there currently are 15 DCMs registered with the Commission.4 The Commission notes that rather than the initial estimate of 15 SDRs, there currently are 4 SDRs registered with the Commission.5 Based on the experience gained by the Commission with regard to SDRs, the Commission estimates that rather than 1 17 CFR 145.9. 77 FR 1182, 1229 (Jan. 9, 2012); 78 FR 32866, 32913 (May 31, 2013). 3 See 77 FR at 1229. 4 Id. 5 See 77 FR at 1230. 2 See VerDate Sep<11>2014 17:30 Apr 20, 2017 Jkt 241001 the initial estimate of 750 reporting parties who are not swap dealers (‘‘SDs’’) or major swap participants (‘‘MSPs’’), and who contract with third parties to satisfy their reporting obligations, there are 496 such reporting parties.6 The Commission estimates that rather than the initial estimate of 250 reporting parties who are not swap dealers (‘‘SDs’’) or major swap participants (‘‘MSPs’’), and who satisfy their reporting obligations themselves, there are 207 such reporting parties.7 The burden hours for each entity category based upon these new estimates are noted in the applicable table below. Recurring Annual Burden Hours for SEFs Respondents/Affected Entities: SEFs. Estimated number of respondents: 25. Estimated total annual burden on respondents: 52,000 hours.8 Recurring Annual Burden Hours for DCMs Respondents/Affected Entities: DCMs. Estimated number of respondents: 15. Estimated total annual burden on respondents: 31,200 hours.9 Recurring Annual Burden Hours for SDRs Respondents/Affected Entities: SDRs. Estimated number of respondents: 4. Estimated total annual burden on respondents: 27,600 hours.10 Recurring Annual Burden Hours for Non SD/MSPs Using Third Party Respondents/Affected Entities: Non SD/MSPs Using Third Party. Estimated number of respondents: 496. Estimated total annual burden on respondents: 10,912 hours.11 Recurring Annual Burden Hours for Non SD/MSPs Reporting Themselves Respondents/Affected Entities: Non SD/MSPs Reporting Themselves. Estimated number of respondents: 207. 6 Id. 7 Id. 8 2,080 average recurring burden hours per respondent SEF × 25 registered SEFs = 52,000 total burden hours for all registered SEFs. 9 2,080 average recurring burden hours per respondent DCM × 15 registered DCMs = 31,200 total burden hours for all registered DCMs. 10 6,900 average recurring burden hours per respondent SDR × 4 registered SDRs = 27,600 total burden hours for all registered SDRs. 11 22 average recurring burden hours per respondent × 496 respondents = 10,912 total burden hours for all respondents. PO 00000 Frm 00018 Fmt 4703 Sfmt 4703 18745 Estimated total annual burden on respondents: 139,932 hours.12 In addition to the above burden hours for compliance with part 43 obligations generally, the Commission determined that certain market participants would incur burden hours associated with the masking of the geographic detail of the underlying assets to a swap in the other commodity asset class, and with the election to have a swap transaction treated as a block trade or large notional off-facility swap.13 The Commission initially estimated that respondent SDRs would incur an aggregate of 833 annual burden hours in connection with the masking of geographic detail of the underlying assets to a swap in the other commodity asset class.14 Based on the Commission’s observation of registered SDRs’ operations and compliance with part 43’s requirements, the Commission is increasing this estimate and now estimates that SDRs will incur an aggregate of 3,307 annual burden hours in connection with the masking of geographic detail of the underlying assets to a swap in the other commodity asset class.15 The Commission initially estimated that market participants would incur an aggregate of 2,167 annual burden hours in connection with the election to have a swap transaction treated as a block trade.16 Based on the Commission’s observation of market participants’ compliance with part 43’s requirements, the Commission is increasing this estimate and now estimates that market participants will incur an aggregate of 3,648 annual burden hours in connection with the election to have a swap transaction treated as a block trade.17 The Commission initially estimated that market participants would incur an aggregate of 2,255 annual burden hours in connection with the election to have a swap transaction treated as a large notional off-facility swap.18 Based on 12 676 average recurring burden hours per respondent × 207 respondents = 139,932 total burden hours for all respondents. 13 See 78 FR 32866, 32913. 14 See 78 FR 32866, 32915 (50,000 other commodity swaps with masked locations × 0.0167 hours (one minute) of burden per response = 833 total burden hours). 15 198,022 other commodity swaps with masked locations × 0.0167 hours (one minute) of burden per response = 3,307 total annual burden hours. 16 See 78 FR 32866, 32913–14 (125,000 elections by SDs/MSPs + 5,000 elections by nonSDs/MSPs = 130,000 total annual elections. 130,000 elections × 0.0167 hours (one minute) of burden per response = 2,167 total annual burden hours). 17 218,428 block trades × 0.0167 hours (one minute) of burden per response = 3,648 total annual burden hours. 18 See 78 FR 32866, 32914 (62,500 elections by SDs/MSPs + 5,000 elections by nonSDs/MSPs = E:\FR\FM\21APN1.SGM Continued 21APN1 18746 Federal Register / Vol. 82, No. 76 / Friday, April 21, 2017 / Notices the Commission’s observation of market participants’ compliance with part 43’s requirements, the Commission is increasing this estimate and now estimates that market participants will incur an aggregate of 77,230 annual burden hours in connection with the election to have a swap transaction treated as a large notional off-facility swap.19 Authority: 44 U.S.C. 3501 et seq. Dated: April 18, 2017. Robert N. Sidman, Deputy Secretary of the Commission. [FR Doc. 2017–08097 Filed 4–20–17; 8:45 am] BILLING CODE 6351–01–P CONSUMER PRODUCT SAFETY COMMISSION Sunshine Act Meeting Notice Thursday, April 27, 2017, 9:30 a.m.–11:30 a.m. PLACE: Hearing Room 420, Bethesda Towers, 4330 East-West Highway, Bethesda, Maryland. STATUS: Commission Meeting—Open to the Public. MATTER TO BE CONSIDERED: Decisional Matter: Safety Standard Addressing Blade-Contact Injuries on Table Saws—Notice of Proposed Rulemaking A live webcast of the Meeting can be viewed at www.cpsc.gov/live. CONTACT PERSON FOR MORE INFORMATION: Todd A. Stevenson, Office of the Secretary, U.S. Consumer Product Safety Commission, 4330 East-West Highway, Bethesda, MD 20814, (301) 504–7923. TIME AND PLACE: Dated: April 19, 2017. Todd A. Stevenson, Secretary. [FR Doc. 2017–08191 Filed 4–19–17; 11:15 am] BILLING CODE 6355–01–P CORPORATION FOR NATIONAL AND COMMUNITY SERVICE Information Collection; Submission for OMB Review, Comment Request Corporation for National and Community Service. ACTION: Notice. sradovich on DSK3GMQ082PROD with NOTICES AGENCY: The Corporation for National and Community Service (CNCS) has SUMMARY: 63,000 total annual elections. 67,500 elections × 0.0334 hours (two minutes) of burden per response = 2,255 total annual burden hours). 19 2,312,265 large notional off-facility swaps × 0.0334 hours (two minutes) of burden per response = 77,230 total annual burden hours. VerDate Sep<11>2014 17:30 Apr 20, 2017 Jkt 241001 submitted a public information collection request (ICR) entitled AmeriCorps Application Instructions: State Commissions, State and National Competitive, Professional Corps, Indian Tribes, States and Territories without Commissions, and State and National Planning Grants for review and approval in accordance with the Paperwork Reduction Act of 1980. Copies of this ICR, with applicable supporting documentation, may be obtained by calling CNCS, Jill Graham, at 202–606– 6905 or email to jgraham@cns.gov. Individuals who use a telecommunications device for the deaf (TTY–TDD) may call 1–800–833–3722 between 8:00 a.m. and 8:00 p.m. Eastern Time, Monday through Friday. DATES: Comments may be submitted, identified by the title of the information collection activity, within May 22, 2017. ADDRESSES: Comments may be submitted, identified by the title of the information collection activity, to the Office of Information and Regulatory Affairs, Attn: Ms. Sharon Mar, OMB Desk Officer for the Corporation for National and Community Service, by any of the following two methods within 30 days from the date of publication in the Federal Register: (1) By fax to: 202–395–6974, Attention: Ms. Sharon Mar, OMB Desk Officer for the Corporation for National and Community Service; or (2) By email to: smar@omb.eop.gov. SUPPLEMENTARY INFORMATION: The OMB is particularly interested in comments which: • Evaluate whether the proposed collection of information is necessary for the proper performance of the functions of CNCS, including whether the information will have practical utility; • Evaluate the accuracy of the agency’s estimate of the burden of the proposed collection of information, including the validity of the methodology and assumptions used; • Propose ways to enhance the quality, utility, and clarity of the information to be collected; and • Propose ways to minimize the burden of the 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. Comments A 60-day Notice requesting public comment was published in the Federal Register on January 23, 2017 at 82 FR 7804. This comment period ended PO 00000 Frm 00019 Fmt 4703 Sfmt 4703 March 24, 2017. No public comments were received from this Notice. Description: CNCS seeks to renew the current AmeriCorps State and National Application Instructions. The information collection will be used in the same manner as the existing Instructions. CNCS also seeks to continue using the current application until the revised application is approved by OMB. The current application expired on January 31, 2017. Type of Review: Renewal. Agency: Corporation for National and Community Service. Title: AmeriCorps Application Instructions: State Commissions, State and National Competitive, Professional Corps, Indian Tribes, States and Territories without Commissions, and State and National Planning. OMB Number: 3045–0047. Agency Number: None. Affected Public: Nonprofit organizations, States, Territories, and Local, and Tribal eligible entities. Total Respondents: 1,159. Frequency: Annually. Average Time per Response: Averages 80 hours. Estimated Total Burden Hours: 92,720. Total Burden Cost (capital/startup): None. Total Burden Cost (operating/ maintenance): None. Dated: April 18, 2017. Jennifer Bastress Tahmasebi, Acting Director, AmeriCorps State and National. [FR Doc. 2017–08124 Filed 4–20–17; 8:45 am] BILLING CODE 6050–28–P DEPARTMENT OF DEFENSE Department of the Army, Corps of Engineers Nassau Back Bays Coastal Storm Risk Management Study—NEPA Scoping Meetings and Public Comment Period AGENCY: U.S. Army Corps of Engineers, DOD. Notice of Intent/NEPA Scoping meeting and public comment period. ACTION: Pursuant to the requirements of the National Environmental Policy Act, the U.S. Army Corps of Engineers (Corps) plans to prepare a Feasibility Study with an integrated Environmental Impact Statement (EIS) to evaluate environmental impacts from reasonable project alternatives and to determine the potential for significant impacts related to reduce future flood risk in ways that support the long-term resilience and SUMMARY: E:\FR\FM\21APN1.SGM 21APN1

Agencies

[Federal Register Volume 82, Number 76 (Friday, April 21, 2017)]
[Notices]
[Pages 18744-18746]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-08097]


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COMMODITY FUTURES TRADING COMMISSION


Agency Information Collection Activities: Notice of Intent To 
Renew Collection 3038-0070, Real-Time Public Reporting and Block Trade

AGENCY: Commodity Futures Trading Commission.

ACTION: Notice.

-----------------------------------------------------------------------

SUMMARY: The Commodity Futures Trading Commission (Commission) is 
announcing an opportunity for public comment on the renewal of the 
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 
and to allow 60 days for public comment. This notice solicits comments 
in connection with part 43 of the Commission's regulations, which 
implements a framework for the real-time public reporting of swap 
transaction and pricing data for all swap transactions.

DATES: Comments must be submitted on or before June 20, 2017.

ADDRESSES: You may submit comments, identified by ``Renewal of 
Collection Pertaining to Real-Time Public Reporting and Block Trade'' 
by any of the following methods:
     The Agency's Web site, at http://comments.cftc.gov/. 
Follow the instructions for submitting comments through the Web site.
     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.
     Federal eRulemaking Portal: http://www.regulations.gov/. 
Follow the instructions for submitting comments through the Portal.
    Please submit your comments using only one method.

FOR FURTHER INFORMATION CONTACT: John W. Dunfee, Assistant General 
Counsel, Office of General Counsel, Commodity Futures Trading 
Commission, (202) 418-5396; email: jdunfee@cftc.gov, and refer to OMB 
Control No.3038-0070.

SUPPLEMENTARY INFORMATION: Under the PRA, 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 before submitting 
the collection to OMB for approval. To comply with this requirement, 
the Commission is publishing notice of the existing collections of 
information listed below.
    Title: Real-Time Public Reporting and Block Trade (OMB Control No. 
3038-0070). This is a request for extension of currently approved 
information collections.
    Abstract: Title VII of the Dodd-Frank Wall Street Reform and 
Consumer Protection Act (Dodd-Frank Act) added to the Commodity 
Exchange Act (CEA) new section 2(a)(13), which establishes standards 
and requirements related to real-time reporting and the public 
availability of swap transaction and pricing data. Section 2(a)(13) and 
part 43 of the Commission's Regulations require reporting parties to 
publish real-time swap transactions and pricing data to the general 
public. Without the frequency of reporting set forth in part 43, the 
Commission would not be able to adequately assess the swap markets and, 
more importantly, would fail to achieve the frequency of reporting and 
promotion of increased price discovery in the swaps market which are 
mandated by the Dodd-Frank Act.
    With respect to these information collections, the Commission 
invites comments on:
     Whether the collections of information are 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 collections 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.
    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

[[Page 18745]]

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\
---------------------------------------------------------------------------

    \1\ 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 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 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: Part 43 of the Commission's regulations results 
in three information collection requirements within the meaning of the 
PRA.\2\ The first collection of information requirement under part 43 
imposes a reporting requirement on registered swap execution facilities 
(``SEFs'') or designated contract markets (``DCMs'') when a swap is 
executed on a trading facility or on the parties to a swap transaction 
when the swap is executed bilaterally. The second collection of 
information requirement under part 43 of the Commission's regulations 
creates a public dissemination requirement on registered swap data 
repositories (``SDRs''). The third collection of information 
requirement imposes a recordkeeping requirement for SEFs, DCMs, SDRs 
and any reporting party (as such term is defined in part 43 of the 
Commission's regulations).
---------------------------------------------------------------------------

    \2\ See 77 FR 1182, 1229 (Jan. 9, 2012); 78 FR 32866, 32913 (May 
31, 2013).
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    The Commission notes that rather than the initial estimate of 40 
SEFs, there currently are 25 SEFs either registered with the Commission 
or with registrations pending.\3\ The Commission notes that rather than 
the initial estimate of 18 DCMs, there currently are 15 DCMs registered 
with the Commission.\4\ The Commission notes that rather than the 
initial estimate of 15 SDRs, there currently are 4 SDRs registered with 
the Commission.\5\ Based on the experience gained by the Commission 
with regard to SDRs, the Commission estimates that rather than the 
initial estimate of 750 reporting parties who are not swap dealers 
(``SDs'') or major swap participants (``MSPs''), and who contract with 
third parties to satisfy their reporting obligations, there are 496 
such reporting parties.\6\ The Commission estimates that rather than 
the initial estimate of 250 reporting parties who are not swap dealers 
(``SDs'') or major swap participants (``MSPs''), and who satisfy their 
reporting obligations themselves, there are 207 such reporting 
parties.\7\ The burden hours for each entity category based upon these 
new estimates are noted in the applicable table below.
---------------------------------------------------------------------------

    \3\ See 77 FR at 1229.
    \4\ Id.
    \5\ See 77 FR at 1230.
    \6\ Id.
    \7\ Id.
---------------------------------------------------------------------------

Recurring Annual Burden Hours for SEFs

    Respondents/Affected Entities: SEFs.
    Estimated number of respondents: 25.
    Estimated total annual burden on respondents: 52,000 hours.\8\
---------------------------------------------------------------------------

    \8\ 2,080 average recurring burden hours per respondent SEF x 25 
registered SEFs = 52,000 total burden hours for all registered SEFs.
---------------------------------------------------------------------------

Recurring Annual Burden Hours for DCMs

    Respondents/Affected Entities: DCMs.
    Estimated number of respondents: 15.
    Estimated total annual burden on respondents: 31,200 hours.\9\
---------------------------------------------------------------------------

    \9\ 2,080 average recurring burden hours per respondent DCM x 15 
registered DCMs = 31,200 total burden hours for all registered DCMs.
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Recurring Annual Burden Hours for SDRs

    Respondents/Affected Entities: SDRs.
    Estimated number of respondents: 4.
    Estimated total annual burden on respondents: 27,600 hours.\10\
---------------------------------------------------------------------------

    \10\ 6,900 average recurring burden hours per respondent SDR x 4 
registered SDRs = 27,600 total burden hours for all registered SDRs.
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Recurring Annual Burden Hours for Non SD/MSPs Using Third Party

    Respondents/Affected Entities: Non SD/MSPs Using Third Party.
    Estimated number of respondents: 496.
    Estimated total annual burden on respondents: 10,912 hours.\11\
---------------------------------------------------------------------------

    \11\ 22 average recurring burden hours per respondent x 496 
respondents = 10,912 total burden hours for all respondents.
---------------------------------------------------------------------------

Recurring Annual Burden Hours for Non SD/MSPs Reporting Themselves

    Respondents/Affected Entities: Non SD/MSPs Reporting Themselves.
    Estimated number of respondents: 207.
    Estimated total annual burden on respondents: 139,932 hours.\12\
---------------------------------------------------------------------------

    \12\ 676 average recurring burden hours per respondent x 207 
respondents = 139,932 total burden hours for all respondents.
---------------------------------------------------------------------------

    In addition to the above burden hours for compliance with part 43 
obligations generally, the Commission determined that certain market 
participants would incur burden hours associated with the masking of 
the geographic detail of the underlying assets to a swap in the other 
commodity asset class, and with the election to have a swap transaction 
treated as a block trade or large notional off-facility swap.\13\ The 
Commission initially estimated that respondent SDRs would incur an 
aggregate of 833 annual burden hours in connection with the masking of 
geographic detail of the underlying assets to a swap in the other 
commodity asset class.\14\ Based on the Commission's observation of 
registered SDRs' operations and compliance with part 43's requirements, 
the Commission is increasing this estimate and now estimates that SDRs 
will incur an aggregate of 3,307 annual burden hours in connection with 
the masking of geographic detail of the underlying assets to a swap in 
the other commodity asset class.\15\
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    \13\ See 78 FR 32866, 32913.
    \14\ See 78 FR 32866, 32915 (50,000 other commodity swaps with 
masked locations x 0.0167 hours (one minute) of burden per response 
= 833 total burden hours).
    \15\ 198,022 other commodity swaps with masked locations x 
0.0167 hours (one minute) of burden per response = 3,307 total 
annual burden hours.
---------------------------------------------------------------------------

    The Commission initially estimated that market participants would 
incur an aggregate of 2,167 annual burden hours in connection with the 
election to have a swap transaction treated as a block trade.\16\ Based 
on the Commission's observation of market participants' compliance with 
part 43's requirements, the Commission is increasing this estimate and 
now estimates that market participants will incur an aggregate of 3,648 
annual burden hours in connection with the election to have a swap 
transaction treated as a block trade.\17\
---------------------------------------------------------------------------

    \16\ See 78 FR 32866, 32913-14 (125,000 elections by SDs/MSPs + 
5,000 elections by nonSDs/MSPs = 130,000 total annual elections. 
130,000 elections x 0.0167 hours (one minute) of burden per response 
= 2,167 total annual burden hours).
    \17\ 218,428 block trades x 0.0167 hours (one minute) of burden 
per response = 3,648 total annual burden hours.
---------------------------------------------------------------------------

    The Commission initially estimated that market participants would 
incur an aggregate of 2,255 annual burden hours in connection with the 
election to have a swap transaction treated as a large notional off-
facility swap.\18\ Based on

[[Page 18746]]

the Commission's observation of market participants' compliance with 
part 43's requirements, the Commission is increasing this estimate and 
now estimates that market participants will incur an aggregate of 
77,230 annual burden hours in connection with the election to have a 
swap transaction treated as a large notional off-facility swap.\19\
---------------------------------------------------------------------------

    \18\ See 78 FR 32866, 32914 (62,500 elections by SDs/MSPs + 
5,000 elections by nonSDs/MSPs = 63,000 total annual elections. 
67,500 elections x 0.0334 hours (two minutes) of burden per response 
= 2,255 total annual burden hours).
    \19\ 2,312,265 large notional off-facility swaps x 0.0334 hours 
(two minutes) of burden per response = 77,230 total annual burden 
hours.

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

    Dated: April 18, 2017.
Robert N. Sidman,
Deputy Secretary of the Commission.
[FR Doc. 2017-08097 Filed 4-20-17; 8:45 am]
 BILLING CODE 6351-01-P