Agency Information Collection Activities: Notice of Intent To Renew Collection 3038-0089, Swap Data Recordkeeping and Reporting Requirements: Pre-Enactment and Transition Swaps, 69948-69949 [2015-28729]
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69948
Federal Register / Vol. 80, No. 218 / Thursday, November 12, 2015 / Notices
errors or omissions are identified; and
maintaining records of the registrant’s
compliance policies and procedures and
records related to the annual report. The
information collection obligations
imposed by Commission regulation 3.3
are essential to ensuring that FCMs,
SDs, and MSPs maintain comprehensive
policies and procedures that promote
compliance with the CEA and
Commission regulations. In particular,
the Commission believes that, among
other things, these obligations (i)
promote compliance behavior through
periodic self-evaluation, (ii) inform the
Commission of possible compliance
weaknesses, (iii) assist the Commission
in determining whether the registrant
remains in compliance with the CEA
and Commission regulations, and (iv)
help the Commission to assess whether
the registrant has mechanisms in place
to adequately address compliance
problems that could lead to a failure of
the registrant. 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 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 § 145.9
of the Commission’s regulations.7
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
7 17
CFR 145.9.
VerDate Sep<11>2014
18:15 Nov 10, 2015
Jkt 238001
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: In light of the
contraction in the number of
Commission-registered FCMs since the
Commission promulgated regulation
3.3, the Commission is revising its
estimate of the burden for this
collection. Accordingly, the respondent
burden for this collection is estimated to
be as follows:
Number of Registrants: 200.
Estimated Average Burden Hours per
Registrant: 1006.
Estimated Aggregate Burden Hours:
201,200.
Frequency of Recordkeeping:
Annually or on occasion.
Authority: 44 U.S.C. 3501 et seq.
Dated: November 6, 2015.
Robert N. Sidman,
Deputy Secretary of the Commission.
[FR Doc. 2015–28732 Filed 11–10–15; 8:45 am]
BILLING CODE 6351–01–P
Pertaining to Swap Data Recordkeeping
and Reporting Requirements: PreEnactment and Transition Swaps,’’ or
Renewal 3038–0089, by any of the
following methods:
• The Agency's Web site, at: https://
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:
https://www.regulations.gov/. Follow the
instructions for submitting comments
through the Portal.
Please submit your comments using
only one method.
FOR FURTHER INFORMATION CONTACT:
Thomas Guerin, Division of Market
Oversight, Commodity Futures Trading
Commission, 1155 21st Street NW.,
(202) 734–4194, email: tguerin@cftc.gov,
and refer to OMB Control No. 3038–
0089.
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 CFTC is publishing
notice of the proposed collection of
information listed below.
Title: Swap Data Recordkeeping and
Reporting Requirements: Pre-Enactment
and Transition Swaps (OMB Control No.
3038–0089). This is a request for
extension of a currently approved
information collection.
Abstract: The collection of
information is needed to ensure that the
CFTC and other regulators have access
to data regarding pre-enactment and
transition swaps, as required by the
Commodity Exchange Act as amended
by the Dodd-Frank Wall Street Reform
and Consumer Protection Act (‘‘DoddFrank Act’’). The Dodd-Frank Act
directed the CFTC to adopt rules
providing for the reporting of data
SUPPLEMENTARY INFORMATION:
COMMODITY FUTURES TRADING
COMMISSION
Agency Information Collection
Activities: Notice of Intent To Renew
Collection 3038–0089, Swap Data
Recordkeeping and Reporting
Requirements: Pre-Enactment and
Transition Swaps
Commodity Futures Trading
Commission.
ACTION: Notice.
AGENCY:
The Commodity Futures
Trading Commission (‘‘CFTC’’) is
announcing an opportunity for public
comment on the proposed 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 for certain swap data
recordkeeping and reporting
requirements imposed on the following
entities: Swap Dealers (‘‘SDs’’), Major
Swap Participants (‘‘MSPs’’), and swap
counterparties that are neither swap
dealers nor major swap participants
(‘‘non-SD/MSP counterparties’’).
DATES: Comments must be submitted on
or before January 11, 2016.
ADDRESSES: You may submit comments,
identified by ‘‘Renewal of Collection
SUMMARY:
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mstockstill on DSK4VPTVN1PROD with NOTICES
Federal Register / Vol. 80, No. 218 / Thursday, November 12, 2015 / Notices
relating to swaps entered into before the
date of enactment of the Dodd-Frank
Act, the terms of which had not expired
as of the date of enactment of the DoddFrank Act (‘‘pre-enactment swaps’’) and
data relating to swaps entered into on or
after the date of enactment of the DoddFrank Act and prior to the compliance
date specified in the the CFTC’s final
swap data reporting rules (‘‘transition
swaps’’). On May 17, 2012, the CFTC
adopted regulation 46, which imposes
recordkeeping and reporting
requirements relating to pre-enactment
and historical swaps.
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
CFTC, including whether the
information will have a practical use;
• The accuracy of the CFTC’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.
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. You should submit only
information that you wish to make
available publicly. If you wish the CFTC
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 CFTC’s regulations.1 The CFTC
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
117
CFR 145.9.
VerDate Sep<11>2014
18:15 Nov 10, 2015
Jkt 238001
applicable laws, and may be accessible
under the Freedom of Information Act.
Burden Statement: Provisions of
CFTC Regulations 46.2, 46.3, 46.4, 46.8,
46.10, and 46.11 result in information
collection requirements within the
meaning of the PRA. These regulations
required SDs, MSPs and non-SD/MSP
counterparties to incur one-time costs to
establish systems and processes
associated with swaps data
recordkeeping and reporting. The CFTC
estimates that SDs, MSPs, and non-SD/
MSP counterparties incurred a one-time
burden of 91,250 hours associated with
part 46 recordkeeping and reporting
requirements. With respect to the
ongoing reporting and recordkeeping
burdens associated with pre-enactment
and transition swaps, the CFTC believes
that SDs, MSPs, and non-SD/MSP
counterparties incur an annual timeburden of 18,903 hours. This timeburden represents a proportion of the
burden responents incur to operate and
maintain their swap data recordkeeping
and reporting systems.
17 CFR 45 imposes swap
recordkeeping and reporting
requirements on respondents related to
swaps that are not pre-enactment or
transition swaps. The CFTC believes
that respondents use the same
recordkeeping and reporting systems to
compy with both parts 45 and 46. The
CFTC has computed the estimated
burden for 17 CFR 46 by estimating the
burden incurred by respondents to
operate and maintain their swap data
recordkeeping and reporting systems
and then estimating the percentage of
that burden associated with preenactment and transition swaps. Since
the enactment of 17 CFR 45, the vast
majority of pre-enactment and transition
swaps have been terminated by the
parties to the swaps or are otherwise no
longer in existence. As 17 CFR 46 only
requires respondents to make ongoing
reports regarding pre-enactment and
transition swaps that continue to be in
existence, the number of reports being
made pursuant to 17 CFR 46 has
declined significantly over time. As the
volume of reports made pursuant to 17
CFR 46 is estimated to be very small
releative to the estimated volume of
reports made pursuant to 17 CFR 45, the
CFTC’s burden estimate has allocated
the vast majority of the estimated
burden to operate and maintain
respondents’ swap data recordkeeping
and reporting systems to the burden
estimate associated with 17 CFR 45.
Respondents/Affected Entities: Swap
Dealers, Major Swap Participants, and
other counterparties to a swap
transaction (i.e., end-user, non-SD/nonMSP counterparties).
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69949
Estimated number of respondents:
30,125.
Estimated total annual burden on
respondents: 18,903 hours.
Frequency of collection: Ongoing.
Authority: 44 U.S.C. 3501 et seq.
Dated: November 6, 2015.
Robert N. Sidman,
Deputy Secretary of the Commission.
[FR Doc. 2015–28729 Filed 11–10–15; 8:45 am]
BILLING CODE 6351–01–P
DEPARTMENT OF DEFENSE
Office of the Secretary
[Docket ID DoD–2015–OS–0124]
U.S. Court of Appeals for the Armed
Forces Proposed Rules Changes
Notice of Proposed Changes to
the Rules of Practice and Procedure of
the United States Court of Appeals for
the Armed Forces.
ACTION:
This notice announces the
following proposed changes to Rules 5,
21(b)(5)(F), and 26 of the Rules of
Practice and Procedure, United States
Court of Appeals for the Armed Forces.
SUMMARY:
Comments on the proposed
changes must be received by December
14, 2015.
DATES:
You may submit comments,
identified by docket number and title by
any of the following methods:
• Federal eRulemaking Portal: https://
www.regulations.gov. Follow the
instructions for submitting comments.
• Mail: Department of Defense, Office
of the Deputy Chief Management
Officer, Directorate of Oversight and
Compliance, Regulatory and Audit
Matters Office, 9010 Defense Pentagon,
Washington, DC 20301–9010.
Instructions: All submissions received
must include the agency name and
docket number for this Federal Register
document. The general policy for
comments and other submissions from
members of the public is to make these
submissions available for public
viewing on the Internet at https://
www.regulations.gov as they are
received without change, including
personal identifiers or contact
information.
ADDRESSES:
FOR FURTHER INFORMATION CONTACT:
William A. DeCicco, Clerk of the Court,
telephone (202) 761–1448.
E:\FR\FM\12NON1.SGM
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]]>Agencies
[Federal Register Volume 80, Number 218 (Thursday, November 12, 2015)]
[Notices]
[Pages 69948-69949]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-28729]
-----------------------------------------------------------------------
COMMODITY FUTURES TRADING COMMISSION
Agency Information Collection Activities: Notice of Intent To
Renew Collection 3038-0089, Swap Data Recordkeeping and Reporting
Requirements: Pre-Enactment and Transition Swaps
AGENCY: Commodity Futures Trading Commission.
ACTION: Notice.
-----------------------------------------------------------------------
SUMMARY: The Commodity Futures Trading Commission (``CFTC'') is
announcing an opportunity for public comment on the proposed 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 for
certain swap data recordkeeping and reporting requirements imposed on
the following entities: Swap Dealers (``SDs''), Major Swap Participants
(``MSPs''), and swap counterparties that are neither swap dealers nor
major swap participants (``non-SD/MSP counterparties'').
DATES: Comments must be submitted on or before January 11, 2016.
ADDRESSES: You may submit comments, identified by ``Renewal of
Collection Pertaining to Swap Data Recordkeeping and Reporting
Requirements: Pre-Enactment and Transition Swaps,'' or Renewal 3038-
0089, by any of the following methods:
The Agency's Web site, at: https://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: https://www.regulations.gov/.
Follow the instructions for submitting comments through the Portal.
Please submit your comments using only one method.
FOR FURTHER INFORMATION CONTACT: Thomas Guerin, Division of Market
Oversight, Commodity Futures Trading Commission, 1155 21st Street NW.,
(202) 734-4194, email: tguerin@cftc.gov, and refer to OMB Control No.
3038-0089.
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 CFTC is publishing notice of the proposed collection of information
listed below.
Title: Swap Data Recordkeeping and Reporting Requirements: Pre-
Enactment and Transition Swaps (OMB Control No. 3038-0089). This is a
request for extension of a currently approved information collection.
Abstract: The collection of information is needed to ensure that
the CFTC and other regulators have access to data regarding pre-
enactment and transition swaps, as required by the Commodity Exchange
Act as amended by the Dodd-Frank Wall Street Reform and Consumer
Protection Act (``Dodd-Frank Act''). The Dodd-Frank Act directed the
CFTC to adopt rules providing for the reporting of data
[[Page 69949]]
relating to swaps entered into before the date of enactment of the
Dodd-Frank Act, the terms of which had not expired as of the date of
enactment of the Dodd-Frank Act (``pre-enactment swaps'') and data
relating to swaps entered into on or after the date of enactment of the
Dodd-Frank Act and prior to the compliance date specified in the the
CFTC's final swap data reporting rules (``transition swaps''). On May
17, 2012, the CFTC adopted regulation 46, which imposes recordkeeping
and reporting requirements relating to pre-enactment and historical
swaps.
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 CFTC,
including whether the information will have a practical use;
The accuracy of the CFTC'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.
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. You should submit only information that you wish
to make available publicly. If you wish the CFTC 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 CFTC's regulations.\1\ The CFTC
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.
---------------------------------------------------------------------------
\1\17 CFR 145.9.
---------------------------------------------------------------------------
Burden Statement: Provisions of CFTC Regulations 46.2, 46.3, 46.4,
46.8, 46.10, and 46.11 result in information collection requirements
within the meaning of the PRA. These regulations required SDs, MSPs and
non-SD/MSP counterparties to incur one-time costs to establish systems
and processes associated with swaps data recordkeeping and reporting.
The CFTC estimates that SDs, MSPs, and non-SD/MSP counterparties
incurred a one-time burden of 91,250 hours associated with part 46
recordkeeping and reporting requirements. With respect to the ongoing
reporting and recordkeeping burdens associated with pre-enactment and
transition swaps, the CFTC believes that SDs, MSPs, and non-SD/MSP
counterparties incur an annual time-burden of 18,903 hours. This time-
burden represents a proportion of the burden responents incur to
operate and maintain their swap data recordkeeping and reporting
systems.
17 CFR 45 imposes swap recordkeeping and reporting requirements on
respondents related to swaps that are not pre-enactment or transition
swaps. The CFTC believes that respondents use the same recordkeeping
and reporting systems to compy with both parts 45 and 46. The CFTC has
computed the estimated burden for 17 CFR 46 by estimating the burden
incurred by respondents to operate and maintain their swap data
recordkeeping and reporting systems and then estimating the percentage
of that burden associated with pre-enactment and transition swaps.
Since the enactment of 17 CFR 45, the vast majority of pre-enactment
and transition swaps have been terminated by the parties to the swaps
or are otherwise no longer in existence. As 17 CFR 46 only requires
respondents to make ongoing reports regarding pre-enactment and
transition swaps that continue to be in existence, the number of
reports being made pursuant to 17 CFR 46 has declined significantly
over time. As the volume of reports made pursuant to 17 CFR 46 is
estimated to be very small releative to the estimated volume of reports
made pursuant to 17 CFR 45, the CFTC's burden estimate has allocated
the vast majority of the estimated burden to operate and maintain
respondents' swap data recordkeeping and reporting systems to the
burden estimate associated with 17 CFR 45.
Respondents/Affected Entities: Swap Dealers, Major Swap
Participants, and other counterparties to a swap transaction (i.e.,
end-user, non-SD/non-MSP counterparties).
Estimated number of respondents: 30,125.
Estimated total annual burden on respondents: 18,903 hours.
Frequency of collection: Ongoing.
Authority: 44 U.S.C. 3501 et seq.
Dated: November 6, 2015.
Robert N. Sidman,
Deputy Secretary of the Commission.
[FR Doc. 2015-28729 Filed 11-10-15; 8:45 am]
BILLING CODE 6351-01-P
