Agency Information Collection Activities Under OMB Review, 5107 [2016-01753]


[Federal Register Volume 81, Number 20 (Monday, February 1, 2016)]
[Page 5107]
From the Federal Register Online via the Government Publishing Office []
[FR Doc No: 2016-01753]

[[Page 5107]]



Agency Information Collection Activities Under OMB Review

AGENCY: Commodity Futures Trading Commission.

ACTION: Notice.


SUMMARY: In compliance with the Paperwork Reduction Act of 1995 
(``PRA''), this notice announces that the Information Collection 
Request (``ICR'') abstracted below has been forwarded to the Office of 
Management and Budget (``OMB'') for review and comment. The ICR 
describes the nature of the information collection and its expected 
costs and burden.

DATES: Comments must be submitted on or before March 2, 2016.

ADDRESSES: Comments regarding the burden estimated or any other aspect 
of the information collection, including suggestions for reducing the 
burden, may be submitted directly to the Office of Information and 
Regulatory Affairs (``OIRA'') in OMB, within 30 days of the notice's 
publication, by email at Please identify 
the comments by OMB Control No. 3038-0087. Please provide the Commodity 
Futures Trading Commission (``CFTC'' or ``Commission'') with a copy of 
all submitted comments at the address listed below. Please refer to OMB 
Reference No. 3038-0087, found on Comments may also 
be mailed to the Office of Information and Regulatory Affairs, Office 
of Management and Budget, Attention: Desk Officer for the Commodity 
Futures Trading Commission, 725 17th Street NW., Washington, DC 20503, 
or through the Agency's Web site at Follow 
the instructions for submitting comments through the Web site.
    Comments may also be mailed to: Christopher Kirkpatrick, Secretary 
of the Commission, Commodity Futures Trading Commission, Three 
Lafayette Centre, 1155 21st Street NW., Washington, DC 20581 or by Hand 
Delivery/Courier at the same address.
    A copy of the supporting statements for the collection of 
information discussed above may be obtained by visiting http:// All comments must be submitted in English, or if not, 
accompanied by an English translation. Comments will be posted as 
received to

FOR FURTHER INFORMATION CONTACT: Adam Kezsbom, Special Counsel, 
Division of Swap Dealer and Intermediary Oversight, Commodity Futures 
Trading Commission, (202) 418-5372, email:, and refer 
to OMB Control No. 3038-0087.

    Title: Reporting, Recordkeeping, and Daily Trading Records 
Requirements For Swap Dealers and Major Swap Participants (OMB Control 
No. 3038-0087). This is a request for an extension of a currently 
approved information collection.
    Abstract: On April 3, 2012, the Commission adopted Commission 
regulations 23.201 through 23.205 (Reporting, Recordkeeping, and Daily 
Trading Records Requirements For Swap Dealers and Major Swap 
Participants) \1\ pursuant to sections 4s(f) \2\ and 4s(g) \3\ of the 
Commodity Exchange Act (``CEA'').\4\ Commission regulations 23.201 
through 23.205 require, among other things, swap dealers (``SD'') \5\ 
and major swap participants (``MSP'') \6\ to maintain transaction and 
position records of their swaps (including daily trading records) and 
to maintain specified business records (including records related to 
the governance and financial status of the swap dealer or major swap 
participant, complaints received by such SD or MSP and such SD or MSP's 
marketing and sales materials). They also require SDs and MSPs to 
report certain swap transaction data to swap data repositories, to 
satisfy certain real time public reporting requirements, and to 
maintain records of information reported to swap data depositories and 
for real time reporting purposes.\7\ The Commission believes that the 
information collection obligations imposed by Commission regulations 
23.201 through 23.205 are necessary to implement sections 4s(f) and 
4s(g) of the CEA, including ensuring that each SD and MSP maintains the 
required records of their business activities and an audit trail 
sufficient to conduct comprehensive and accurate trade reconstruction.

    \1\ 17 CFR 23.201-23.205.
    \2\ 7 U.S.C. 4s(f).
    \3\ 7 U.S.C. 4s(g).
    \4\ 77 FR 20128.
    \5\ For the definition of SD, see section 1a(49) of the CEA and 
Commission regulation 1.3(ggg). 7 U.S.C. 1a(49) and 17 CFR 1.3(ggg).
    \6\ For the definitions of MSP, see section 1a(33) of the CEA 
and Commission regulation 1.3(hhh). 7 U.S.C. a(33) and 17 CFR 
    \7\ See 17 CFR 23.201-23.205.

    Burden Statement: The Commission is revising its estimate of the 
burden for this collection to reflect the current number of registered 
SDs and MSPs. Accordingly, the respondent burden for this collection is 
estimated to be as follows:
    Number of Registrants: 105.
    Estimated Average Burden Hours per Registrant: 2,096.
    Estimated Aggregate Burden Hours: 220,080.
    Frequency of Recordkeeping/Third-party Disclosure: Daily, or as 

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

    Dated: January 27, 2016.
Robert N. Sidman,
Deputy Secretary of the Commission.
[FR Doc. 2016-01753 Filed 1-29-16; 8:45 am]