Proposed Collection; Comment Request for Form 13551, 66427-66428 [2010-27223]
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emcdonald on DSK2BSOYB1PROD with NOTICES
Federal Register / Vol. 75, No. 208 / Thursday, October 28, 2010 / Notices
between foreign exchange swaps and/or
foreign exchange forwards and other
products not defined as swaps under the
CEA?
(2) Are there objective differences
between swaps and foreign exchange
swaps and/or foreign exchange forwards
that warrant an exemption for either or
both of these instruments? 10
(3) Are there objective differences
between long-dated and short-dated
foreign exchange forwards and swaps
such that one class may be less suited
to regulation as ‘‘swaps’’ under the CEA
than the other? Is the same true for
dealer to dealer transactions versus
transactions where one counterparty is
a non-dealer? Similarly, does one or
more of the above-referenced, five
statutory factors support the application
of certain requirements set forth in the
CEA, but not others (e.g., centralized
clearing, but not exchange trading), to
foreign exchange swaps and/or foreign
exchange forwards?
(4) What are the primary risks in the
foreign exchange swaps and forwards
market, how significant are these risks,
and how are these risks currently
managed by market participants? Would
centralized clearing and exchange
trading address these risks? To what
extent do current payment-versuspayment settlement arrangements
address settlement risk?
(5) To what extent is counterparty
credit risk a significant concern in the
foreign exchange swaps and forwards
markets? If so, to what extent do current
market practices (including netting and
bilateral collateral support
arrangements) mitigate these risks?
What evidence, particularly during the
period between 2007 and present,
illustrate how current market practices
have either addressed, or failed to
respond, to these risks?
(6) Are there ways to mitigate the
risks posed by the trading of foreign
exchange swaps or foreign exchange
forwards without subjecting these
instruments to regulation under the
CEA?
(7) Are there existing safeguards or
systems that should be enhanced in
order to protect against systemic or
other risks in the foreign exchange
swaps and forwards markets? What
considerations are relevant to the
application of Title VIII of the DoddFrank Act to the foreign exchange swaps
and forwards markets, specifically to
enhance supervision, strengthen risk
management, and lower systemic risk?
(8) Given that the Dodd-Frank Act
requires all foreign exchange swaps and
forwards be reported to a swap data
10 7
U.S.C. 1b(b)(2).
VerDate Mar<15>2010
16:13 Oct 27, 2010
Jkt 223001
repository, what is the current standard
or practice in the foreign exchange
market for reporting trades?
(9) What would be the likely effects of
mandatory U.S. clearing of foreign
exchange swaps and/or forwards on
foreign exchange market liquidity in the
U.S. dollar? What would be the impact
on the operations of U.S. end-users and
U.S. dealers?
(10) What other factors should the
Secretary of the Treasury consider in
determining whether to exempt foreign
exchange swaps and/or forwards
pursuant to section 1a(47) of the CEA?
In addition, commenters are
encouraged to submit supporting
materials, including relevant
transactional data, that would assist the
Secretary’s consideration of the issues
relating to an exemption for foreign
exchange swaps or foreign exchange
forwards, or both, under section 1a(47)
of the CEA.
Dated: October 19, 2010.
Mary J. Miller,
Assistant Secretary for Financial Markets.
[FR Doc. 2010–27274 Filed 10–27–10; 8:45 am]
BILLING CODE 4810–25–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Form 13551
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice and request for
comments.
AGENCY:
The Department of the
Treasury, as part of its continuing effort
to reduce paperwork and respondent
burden, invites the general public and
other Federal agencies to take this
opportunity to comment on proposed
and/or continuing information
collections, as required by the
Paperwork Reduction Act of 1995,
Public Law 104–13 (44 U.S.C.
3506(c)(2)(A)). Currently, the IRS is
soliciting comments concerning Form
13551, Application to Participate in the
IRS Acceptance Agent Program.
DATES: Written comments should be
received on or before December 27, 2010
to be assured of consideration.
ADDRESSES: Direct all written comments
to Gerald Shields, Internal Revenue
Service, Room 6129, 1111 Constitution
Avenue, NW., Washington, DC 20224.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information or
copies of the form and instructions
should be directed to Elaine Christophe,
SUMMARY:
PO 00000
Frm 00081
Fmt 4703
Sfmt 4703
66427
(202) 622–3179, or at Internal Revenue
Service, Room 6129, 1111 Constitution
Avenue, NW., Washington, DC 20224,
or through the Internet, at
Elaine.H.Christophe@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Application to Participate in the
IRS Acceptance Agent Program.
OMB Number: 1545–1896.
Form Number: 13551.
Abstract: Form 13551 is used to
gather information to determine
applicant’s eligibility in the Acceptance
Agent Program.
Current Actions: There are no changes
being made to the form at this time.
Type of Review: Extension of a
currently approved collection.
Affected Public: Businesses or other
for-profit organizations, not-for-profit
institutions, and Federal, state, local or
tribal government.
Estimated Number of Respondents:
12,825.
Estimated Time per Respondent: 30
minutes.
Estimated Total Annual Burden
Hours: 6,413.
The following paragraph applies to all
of the collections of information covered
by this notice:
An agency may not conduct or
sponsor, and a person is not required to
respond to, a collection of information
unless the collection of information
displays a valid OMB control number.
Books or records relating to a collection
of information must be retained as long
as their contents may become material
in the administration of any internal
revenue law. Generally, tax returns and
tax return information are confidential,
as required by 26 U.S.C. 6103.
Request for Comments: Comments
submitted in response to this notice will
be summarized and/or included in the
request for OMB approval. All
comments will become a matter of
public record. Comments are invited on:
(a) Whether the collection of
information is necessary for the proper
performance of the functions of the
agency, including whether the
information shall have practical utility;
(b) the accuracy of the agency’s estimate
of the burden of the collection of
information; (c) ways to enhance the
quality, utility, and clarity of the
information to be collected; (d) ways to
minimize the burden of the collection of
information on respondents, including
through the use of automated collection
techniques or other forms of information
technology; and (e) estimates of capital
or start-up costs and costs of operation,
maintenance, and purchase of services
to provide information.
E:\FR\FM\28OCN1.SGM
28OCN1
66428
Federal Register / Vol. 75, No. 208 / Thursday, October 28, 2010 / Notices
Approved: October 21, 2010.
Gerald Shields,
IRS Supervisory Tax Analyst.
[FR Doc. 2010–27223 Filed 10–27–10; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Form CT–2
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice and request for
comments.
AGENCY:
The Department of the
Treasury, as part of its continuing effort
to reduce paperwork and respondent
burden, invites the general public and
other Federal agencies to take this
opportunity to comment on proposed
and/or continuing information
collections, as required by the
Paperwork Reduction Act of 1995,
Public Law 104–13 (44 U.S.C.
3506(c)(2)(A)). Currently, the IRS is
soliciting comments concerning Form
CT–2, Employee Representative’s
Quarterly Railroad Tax Return.
DATES: Written comments should be
received on or before December 27, 2010
to be assured of consideration.
ADDRESSES: Direct all written comments
to Gerald Shields, Internal Revenue
Service, Room 6129, 1111 Constitution
Avenue, NW., Washington, DC 20224.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information or
copies of the form and instructions
should be directed to Elaine Christophe,
(202) 622–3179, or at Internal Revenue
Service, Room 6129, 1111 Constitution
Avenue, NW., Washington, DC 20224,
or through the Internet, at
Elaine.H.Christophe@irs.gov.
SUMMARY:
emcdonald on DSK2BSOYB1PROD with NOTICES
SUPPLEMENTARY INFORMATION:
16:13 Oct 27, 2010
Jkt 223001
Approved: October 21, 2010.
Gerald Shields,
IRS Supervisory Tax Analyst.
[FR Doc. 2010–27224 Filed 10–27–10; 8:45 am]
BILLING CODE 4830–01–P
Title: Employee Representative’s
Quarterly Railroad Tax Return.
OMB Number: 1545–0002.
Form Number: Form CT–2.
Abstract: Employee representatives
file Form CT–2 quarterly to report
compensation on which railroad
retirement taxes are due. The IRS uses
this information to ensure that
employee representatives have paid the
correct tax. Form CT–2 also transmits
the tax payment.
Current Actions: There are no changes
being made to the form at this time.
Type of Review: Extension of a
currently approved collection.
Affected Public: Individuals or
households.
VerDate Mar<15>2010
Estimated Number of Respondents:
112.
Estimated Time per Respondent: 1 hr.,
8 min.
Estimated Total Annual Burden
Hours: 127.
The following paragraph applies to all
of the collections of information covered
by this notice:
An agency may not conduct or
sponsor, and a person is not required to
respond to, a collection of information
unless the collection of information
displays a valid OMB control number.
Books or records relating to a collection
of information must be retained as long
as their contents may become material
in the administration of any internal
revenue law. Generally, tax returns and
tax return information are confidential,
as required by 26 U.S.C. 6103.
Request for Comments: Comments
submitted in response to this notice will
be summarized and/or included in the
request for OMB approval. All
comments will become a matter of
public record. Comments are invited on:
(a) Whether the collection of
information is necessary for the proper
performance of the functions of the
agency, including whether the
information shall have practical utility;
(b) the accuracy of the agency’s estimate
of the burden of the collection of
information; (c) ways to enhance the
quality, utility, and clarity of the
information to be collected; (d) ways to
minimize the burden of the collection of
information on respondents, including
through the use of automated collection
techniques or other forms of information
technology; and (e) estimates of capital
or start-up costs and costs of operation,
maintenance, and purchase of services
to provide information.
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Form 8945
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice and request for
comments.
AGENCY:
The Department of the
Treasury, as part of its continuing effort
to reduce paperwork and respondent
burden, invites the general public and
other Federal agencies to take this
SUMMARY:
PO 00000
Frm 00082
Fmt 4703
Sfmt 4703
opportunity to comment on proposed
and/or continuing information
collections, as required by the
Paperwork Reduction Act of 1995,
Public Law 104–13 (44 U.S.C.
3506(c)(2)(A)). Currently, the IRS is
soliciting comments concerning the
PTIN Supplemental Application For
U.S. Citizens Without A Social Security
Number Due To Conscientious Reasons.
DATES: Written comments should be
received on or before December 27, 2010
to be assured of consideration.
ADDRESSES: Direct all written comments
to Gerald Shields, Internal Revenue
Service, Room 6129, 1111 Constitution
Avenue, NW., Washington, DC 20224.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information or
copies of the form and instructions
should be directed to Elaine Christophe,
(202) 622–3179, or at Internal Revenue
Service, Room 6129, 1111 Constitution
Avenue, NW., Washington, DC 20224,
or through the Internet, at
Elaine.H.Christophe@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: PTIN Supplemental Application
For U.S. Citizens Without A Social
Security Number Due To Conscientious
Reasons.
OMB Number: 1545–2188.
Form Number: 8945.
Abstract: Most individuals applying
for a Preparer Tax Identification
Number (PTIN) will have a social
security number, which will be used to
help establish their identity. However,
there exists a population of U.S.
residents that are religious objectors and
do not have social security numbers.
Form 8945 is being created to assist that
population in establishing their identity
while applying for a PTIN.
Current Actions: There is no change
in the paperwork burden previously
approved by OMB. This form is being
submitted for renewal purposes only.
Type of Review: Extension of a
currently approved collection.
Affected Public: Businesses and other
for-profit organizations.
Estimated Number of Respondents:
500.
Estimated Time per Respondent: 5
hrs., 43 min.
Estimated Total Annual Burden
Hours: 2,860.
The following paragraph applies to all
of the collections of information covered
by this notice:
An agency may not conduct or
sponsor, and a person is not required to
respond to, a collection of information
unless the collection of information
displays a valid OMB control number.
Books or records relating to a
collection of information must be
E:\FR\FM\28OCN1.SGM
28OCN1
]]>Agencies
[Federal Register Volume 75, Number 208 (Thursday, October 28, 2010)]
[Notices]
[Pages 66427-66428]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2010-27223]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for Form 13551
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Notice and request for comments.
-----------------------------------------------------------------------
SUMMARY: The Department of the Treasury, as part of its continuing
effort to reduce paperwork and respondent burden, invites the general
public and other Federal agencies to take this opportunity to comment
on proposed and/or continuing information collections, as required by
the Paperwork Reduction Act of 1995, Public Law 104-13 (44 U.S.C.
3506(c)(2)(A)). Currently, the IRS is soliciting comments concerning
Form 13551, Application to Participate in the IRS Acceptance Agent
Program.
DATES: Written comments should be received on or before December 27,
2010 to be assured of consideration.
ADDRESSES: Direct all written comments to Gerald Shields, Internal
Revenue Service, Room 6129, 1111 Constitution Avenue, NW., Washington,
DC 20224.
FOR FURTHER INFORMATION CONTACT: Requests for additional information or
copies of the form and instructions should be directed to Elaine
Christophe, (202) 622-3179, or at Internal Revenue Service, Room 6129,
1111 Constitution Avenue, NW., Washington, DC 20224, or through the
Internet, at Elaine.H.Christophe@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Application to Participate in the IRS Acceptance Agent
Program.
OMB Number: 1545-1896.
Form Number: 13551.
Abstract: Form 13551 is used to gather information to determine
applicant's eligibility in the Acceptance Agent Program.
Current Actions: There are no changes being made to the form at
this time.
Type of Review: Extension of a currently approved collection.
Affected Public: Businesses or other for-profit organizations, not-
for-profit institutions, and Federal, state, local or tribal
government.
Estimated Number of Respondents: 12,825.
Estimated Time per Respondent: 30 minutes.
Estimated Total Annual Burden Hours: 6,413.
The following paragraph applies to all of the collections of
information covered by this notice:
An agency may not conduct or sponsor, and a person is not required
to respond to, a collection of information unless the collection of
information displays a valid OMB control number. Books or records
relating to a collection of information must be retained as long as
their contents may become material in the administration of any
internal revenue law. Generally, tax returns and tax return information
are confidential, as required by 26 U.S.C. 6103.
Request for Comments: Comments submitted in response to this notice
will be summarized and/or included in the request for OMB approval. All
comments will become a matter of public record. Comments are invited
on: (a) Whether the collection of information is necessary for the
proper performance of the functions of the agency, including whether
the information shall have practical utility; (b) the accuracy of the
agency's estimate of the burden of the collection of information; (c)
ways to enhance the quality, utility, and clarity of the information to
be collected; (d) ways to minimize the burden of the collection of
information on respondents, including through the use of automated
collection techniques or other forms of information technology; and (e)
estimates of capital or start-up costs and costs of operation,
maintenance, and purchase of services to provide information.
[[Page 66428]]
Approved: October 21, 2010.
Gerald Shields,
IRS Supervisory Tax Analyst.
[FR Doc. 2010-27223 Filed 10-27-10; 8:45 am]
BILLING CODE 4830-01-P
