Proposed Information Collection; Comment Request, 65182-65183 [2012-26287]

Download as PDF 65182 Federal Register / Vol. 77, No. 207 / Thursday, October 25, 2012 / Notices indemnification provisions of the DoddFrank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act). The confidentiality and indemnification provisions in the Dodd-Frank Act state that before a registered swap data repository (SDR) may share information with certain domestic and foreign regulators, those regulators must first agree in writing to abide by the confidentiality provisions of Section 8 of the Commodity Exchange Act (CEA). In addition, the Dodd-Frank Act requires that regulators also must indemnify both the SDR and the Commodity Futures Trading Commission (Commission) for any expenses arising from litigation relating to the information provided under Section 8 of the CEA. The Commission recognizes the importance to foreign regulators of swap data reported under foreign regulatory regimes. The Commission’s final SDR rules specified that confidential swap data reported to and maintained by an SDR may be accessed by an ‘‘appropriate foreign regulator’’ without a confidentiality and indemnification agreement when the SDR is also registered with that foreign regulator. To provide further clarity for foreign regulators, the Commission is issuing this interpretative guidance on the Dodd-Frank Act confidentiality and indemnification provisions. The final interpretative guidance makes clear that a foreign regulator will not be prevented from accessing data in which it has an independent and sufficient regulatory authority over the SDR and such data has been reported pursuant to the foreign jurisdiction’s regulatory regime. With this interpretive guidance, the Commission has taken another important step to ensure appropriate access to SDRs by foreign regulatory authorities consistent with the provisions of the Dodd-Frank Act. erowe on DSK2VPTVN1PROD with Appendix 3—Statement of Commissioners Jill E. Sommers and Scott D. O’Malia We respectfully dissent from issuing this Final Interpretative Statement Regarding the Confidentiality and Indemnification Provisions of Section 21(d) of the Commodity Exchange Act (CEA) (Final Interpretative Statement). When the Commission issued the proposed guidance (Proposed Interpretative Statement) in May of this year, we were concerned that the statement did not actually solve the problem with the statutory language beyond providing some additional clarity to the Swap Data Repository (SDR) rules and we called for a permanent solution by way of a legislative repeal of the indemnification provisions. When finalizing the SDR rules, the Commission stated that a foreign regulator may have direct access to confidential swap data reported to and maintained by an SDR registered with the Commission without executing a Confidentiality and Indemnification Agreement when the SDR is also registered with the foreign regulator and the foreign regulator is acting in a regulatory capacity with respect to the SDR. See Swap Data Repositories: Registration Standards, Duties and Core Principles, 76 FR 54,538, 54,554 (Sept. 1, 2011). The Final VerDate Mar<15>2010 12:06 Oct 24, 2012 Jkt 229001 Interpretative Statement expands this to SDRs that are registered, recognized or otherwise authorized in a foreign regulator’s regulatory regime and clarifies that direct access to data should be granted even if the data the foreign regulator seeks also has been reported pursuant to the CEA and Commission regulations. The Commission received a comment from the European Securities and Markets Authority (ESMA) suggesting that we consider modifying the conditions that would need to be met so that a foreign regulator could escape being subject to the indemnification provisions. Specifically, ESMA suggested that the Commission consider the following alternative modifications: (1) delete the second condition of the Proposed Interpretative Statement, (i.e., ‘‘The data sought to be accessed by a foreign regulatory authority is reported to such registered SDR pursuant to the foreign regulatory regime’’), which would leave the sole condition that the SDR be registered, recognized or otherwise authorized in the foreign regulatory regime; or (2) add language to the second condition such that it would read as follows: ‘‘The data sought to be accessed by a foreign regulatory authority has been reported to such registered SDR pursuant to the foreign jurisdiction’s regulatory regime or the foreign regulatory authority is entitled to access such data pursuant to its regulatory regime to fulfill its respective responsibilities and mandates.’’ Although the Commission acknowledges the comment in the Final Interpretative Statement, we do not adopt either suggestion and do not justify their exclusion. Our second concern involves the distinction the Commission made in the SDR rules between an Appropriate Domestic Regulator and an Appropriate Domestic Regulator with Regulatory Responsibilities. Under the current rules only the CFTC and the SEC are able to directly access SDR data absent an indemnification agreement. All other U.S. Regulators (i.e. ‘‘Appropriate Domestic Regulators’’) would have to execute an indemnification agreement—something that we are told they are prohibited from doing. Adopting the second ESMA option and extending it to Appropriate Domestic Regulators would allow them direct access to data they believe is necessary to fulfill their regulatory mandate, and in our view is something that is within the Commission’s discretion. Instead, the Commission has purposely chosen to interpret the statute in a manner that constrains other domestic regulators’ ability to examine swap market data. For these reasons we cannot support the guidance issued today by the Commission. [FR Doc. 2012–26298 Filed 10–24–12; 8:45 am] BILLING CODE 6351–01–P CONSUMER PRODUCT SAFETY COMMISSION Sunshine Act Meeting Notice Wednesday, October 31, 2012, 10:00 a.m.–11:00 a.m. TIME AND DATE: PO 00000 Frm 00017 Fmt 4703 Sfmt 4703 Room 420, Bethesda Towers, 4330 East West Highway, Bethesda, Maryland. STATUS: Commission Meeting—Open to the Public. MATTERS TO BE CONSIDERED: Briefing Matter: Safety Standard for Bedside Sleepers. A live webcast of the Meeting can be viewed at www.cpsc.gov/webcast For a recorded message containing the latest agenda information, call (301) 504–7948. 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. PLACE: Dated: October 23, 2012. Todd A. Stevenson, Secretary. [FR Doc. 2012–26369 Filed 10–23–12; 4:15 pm] BILLING CODE 6355–01–P CORPORATION FOR NATIONAL AND COMMUNITY SERVICE Proposed Information Collection; Comment Request Corporation for National and Community Service. ACTION: Notice. AGENCY: The Corporation for National and Community Service (CNCS), as part of its continuing effort to reduce paperwork and respondent burden, conducts a pre-clearance consultation program to provide the general public and federal agencies with an opportunity to comment on proposed and/or continuing collections of information in accordance with the Paperwork Reduction Act of 1995 (PRA95) (44 U.S.C. 3506(c)(2)(A)). This program helps to ensure that requested data can be provided in the desired format, reporting burden (time and financial resources) is minimized, collection instruments are clearly understood, and the impact of collection requirement on respondents can be properly assessed. Currently, CNCS is soliciting comments concerning its proposed revision of the National Service Trust Interest Payment Form to update the burden hour information. This form is used by AmeriCorps members to request interest payments on qualified loans based on their AmeriCorps service, by schools and lenders to verify their eligibility, and by both parties to satisfy certain legal requirements. SUMMARY: E:\FR\FM\25OCN1.SGM 25OCN1 Federal Register / Vol. 77, No. 207 / Thursday, October 25, 2012 / Notices erowe on DSK2VPTVN1PROD with Copies of the information collection request can be obtained by contacting the office listed in the addresses section of this notice. DATES: Written comments must be submitted to the individual and office listed in the ADDRESSES section by December 24, 2012. ADDRESSES: You may submit comments, identified by the title of the information collection activity, by any of the following methods: (1) By mail sent to: Corporation for National and Community Service, Attn.: Bruce Kellogg, 3809C, 1201 New York Avenue NW., Washington, DC, 20525. (2) By hand delivery or by courier to the CNCS mailroom at Room 8100 at the mail address given in paragraph (1) above, between 9:00 a.m. and 4:00 p.m. Eastern Time, Monday through Friday, except Federal holidays. (3) By fax to: (202) 606–3492, Attn.: Bruce Kellogg. (4) Electronically through www.regulations.gov. Individuals who use a telecommunications device for the deaf (TTY–TDD) may call (800) 833– 3722 between 8:00 a.m. and 8:00 p.m. Eastern Time, Monday through Friday. FOR FURTHER INFORMATION CONTACT: Bruce Kellogg, (202) 606–6954, or by email at bkellogg@cns.gov. SUPPLEMENTARY INFORMATION: CNCS is particularly interested in comments that: • 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; • Enhance the quality, utility, and clarity of the information to be collected; and • Minimize the burden of the collection of information on those who are expected to respond, including the use of appropriate automated, electronic, mechanical, or other technological collection techniques or other forms of information technology (e.g., permitting electronic submissions of responses). Background With this form AmeriCorps members request interest payments on qualified loans based on their AmeriCorps service, schools and lenders verify their eligibility, and both parties certify certain legal requirements. These procedures are increasingly performed online. VerDate Mar<15>2010 12:06 Oct 24, 2012 Jkt 229001 Current Action CNCS seeks only to revise the burden hour information to reflect the increased electronic volume of this form. The information collection will otherwise be used in the same manner as the existing application. CNCS also seeks to continue using the current application until the revised application is approved by OMB. The current application is due to expire on October 31, 2014. Type of Review: Renewal. Agency: Corporation for National and Community Service. Title: National Service Trust Interest Payment Form. OMB Number: 3045–0053. Agency Number: None. Affected Public: AmeriCorps members, school staff, and lenders. Total Respondents: 14,000. Frequency: One per loan per term. Average Time per Response: 10 minutes. Estimated Total Burden Hours: 2,333 hours. Total Burden Cost (capital/startup): None. Total Burden Cost (operating/ maintenance): None. Comments submitted in response to this notice will be summarized and/or included in the request for Office of Management and Budget approval of the information collection request; they will also become a matter of public record. Dated: October 18, 2012. Maggie Taylor-Coates, Chief Trust Operations. [FR Doc. 2012–26287 Filed 10–24–12; 8:45 am] BILLING CODE 6050–$$–P CORPORATION FOR NATIONAL AND COMMUNITY SERVICE Proposed Information Collection; Comment Request Corporation for National and Community Service. ACTION: Notice. AGENCY: The Corporation for National and Community Service (CNCS), as part of its continuing effort to reduce paperwork and respondent burden, conducts a pre-clearance consultation program to provide the general public and federal agencies with an opportunity to comment on proposed and/or continuing collections of information in accordance with the Paperwork Reduction Act of 1995 (PRA95) (44 U.S.C. 3506(c)(2)(A)). This program helps to ensure that requested data can be provided in the desired SUMMARY: PO 00000 Frm 00018 Fmt 4703 Sfmt 4703 65183 format, reporting burden (time and financial resources) is minimized, collection instruments are clearly understood, and the impact of collection requirement on respondents can be properly assessed. Currently, CNCS is soliciting comments concerning its proposed revision of the National Service Trust Voucher & Payment Request Form to update the burden hour information. This form is used by AmeriCorps members to request Segal Education Award payments, by schools and lenders to verify their eligibility, and by both parties to satisfy certain legal requirements. Copies of the information collection request can be obtained by contacting the office listed in the addresses section of this Notice. DATES: Written comments must be submitted to the individual and office listed in the ADDRESSES section by December 24, 2012. ADDRESSES: You may submit comments, identified by the title of the information collection activity, by any of the following methods: (1) By mail sent to: Corporation for National and Community Service, Attn.: Bruce Kellogg, 3809C, 1201 New York Avenue NW., Washington, DC, 20525. (2) By hand delivery or by courier to the CNCS mailroom at Room 8100 at the mail address given in paragraph (1) above, between 9:00 a.m. and 4:00 p.m. Eastern Time, Monday through Friday, except Federal holidays. (3) By fax to: (202) 606–3492, Attn.: Bruce Kellogg. (4) Electronically through www.regulations.gov. Individuals who use a telecommunications device for the deaf (TTY–TDD) may call (800) 833– 3722 between 8:00 a.m. and 8:00 p.m. Eastern Time, Monday through Friday. FOR FURTHER INFORMATION CONTACT: Bruce Kellogg, (202) 606–6954, or by email at bkellogg@cns.gov. SUPPLEMENTARY INFORMATION: CNCS is particularly interested in comments that: • 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; • Enhance the quality, utility, and clarity of the information to be collected; and • Minimize the burden of the collection of information on those who E:\FR\FM\25OCN1.SGM 25OCN1

Agencies

[Federal Register Volume 77, Number 207 (Thursday, October 25, 2012)]
[Notices]
[Pages 65182-65183]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-26287]


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CORPORATION FOR NATIONAL AND COMMUNITY SERVICE


Proposed Information Collection; Comment Request

AGENCY: Corporation for National and Community Service.

ACTION: Notice.

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SUMMARY: The Corporation for National and Community Service (CNCS), as 
part of its continuing effort to reduce paperwork and respondent 
burden, conducts a pre-clearance consultation program to provide the 
general public and federal agencies with an opportunity to comment on 
proposed and/or continuing collections of information in accordance 
with the Paperwork Reduction Act of 1995 (PRA95) (44 U.S.C. 
3506(c)(2)(A)). This program helps to ensure that requested data can be 
provided in the desired format, reporting burden (time and financial 
resources) is minimized, collection instruments are clearly understood, 
and the impact of collection requirement on respondents can be properly 
assessed.
    Currently, CNCS is soliciting comments concerning its proposed 
revision of the National Service Trust Interest Payment Form to update 
the burden hour information. This form is used by AmeriCorps members to 
request interest payments on qualified loans based on their AmeriCorps 
service, by schools and lenders to verify their eligibility, and by 
both parties to satisfy certain legal requirements.

[[Page 65183]]

    Copies of the information collection request can be obtained by 
contacting the office listed in the addresses section of this notice.

DATES: Written comments must be submitted to the individual and office 
listed in the ADDRESSES section by December 24, 2012.

ADDRESSES: You may submit comments, identified by the title of the 
information collection activity, by any of the following methods:
    (1) By mail sent to: Corporation for National and Community 
Service, Attn.: Bruce Kellogg, 3809C, 1201 New York Avenue NW., 
Washington, DC, 20525.
    (2) By hand delivery or by courier to the CNCS mailroom at Room 
8100 at the mail address given in paragraph (1) above, between 9:00 
a.m. and 4:00 p.m. Eastern Time, Monday through Friday, except Federal 
holidays.
    (3) By fax to: (202) 606-3492, Attn.: Bruce Kellogg.
    (4) Electronically through www.regulations.gov. Individuals who use 
a telecommunications device for the deaf (TTY-TDD) may call (800) 833-
3722 between 8:00 a.m. and 8:00 p.m. Eastern Time, Monday through 
Friday.

FOR FURTHER INFORMATION CONTACT: Bruce Kellogg, (202) 606-6954, or by 
email at bkellogg@cns.gov.

SUPPLEMENTARY INFORMATION: CNCS is particularly interested in comments 
that:
     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;
     Enhance the quality, utility, and clarity of the 
information to be collected; and
     Minimize the burden of the collection of information on 
those who are expected to respond, including the use of appropriate 
automated, electronic, mechanical, or other technological collection 
techniques or other forms of information technology (e.g., permitting 
electronic submissions of responses).

Background

    With this form AmeriCorps members request interest payments on 
qualified loans based on their AmeriCorps service, schools and lenders 
verify their eligibility, and both parties certify certain legal 
requirements. These procedures are increasingly performed online.

Current Action

    CNCS seeks only to revise the burden hour information to reflect 
the increased electronic volume of this form. The information 
collection will otherwise be used in the same manner as the existing 
application. CNCS also seeks to continue using the current application 
until the revised application is approved by OMB. The current 
application is due to expire on October 31, 2014.
    Type of Review: Renewal.
    Agency: Corporation for National and Community Service.
    Title: National Service Trust Interest Payment Form.
    OMB Number: 3045-0053.
    Agency Number: None.
    Affected Public: AmeriCorps members, school staff, and lenders.
    Total Respondents: 14,000.
    Frequency: One per loan per term.
    Average Time per Response: 10 minutes.
    Estimated Total Burden Hours: 2,333 hours.
    Total Burden Cost (capital/startup): None.
    Total Burden Cost (operating/maintenance): None.
    Comments submitted in response to this notice will be summarized 
and/or included in the request for Office of Management and Budget 
approval of the information collection request; they will also become a 
matter of public record.

    Dated: October 18, 2012.
Maggie Taylor-Coates,
Chief Trust Operations.
[FR Doc. 2012-26287 Filed 10-24-12; 8:45 am]
BILLING CODE 6050-$$-P
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