Agency Information Collection Activities Under OMB Review, 5422-5423 [2016-01773]


[Federal Register Volume 81, Number 21 (Tuesday, February 2, 2016)]
[Pages 5422-5423]
From the Federal Register Online via the Government Publishing Office []
[FR Doc No: 2016-01773]



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 3, 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 in OMB, within 30 days of the notice's publication, 
by email at Please identify the comments 
by OMB Control No. 3038-0084. 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. 3038-0084, 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, 
and to the Commission through its 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. 3038-0084.

    Title: Regulations Establishing and Governing the Duties of Swap 
Dealers and Major Swap Participants (OMB Control No. 3038-0084). This 
is a request for an extension of a currently approved information 
    Abstract: On April 3, 2012, the Commission adopted Commission 
regulations 23.600 (Risk Management Program), 23.601 (Monitoring of 
Position Limits), 23.602 (Diligent Supervision), 23.603 (Business 
Continuity and Disaster Recovery), 23.606 (General Information: 
Availability for Disclosure and Inspection), and 23.607 (Antitrust 
Considerations) \1\ pursuant to section 4s(j) \2\ of the Commodity 
Exchange Act (``CEA''). The above regulations adopted by the Commission 
require, among other things, swap dealers (``SD'') \3\ and major

[[Page 5423]]

swap participants (``MSP'') \4\ to develop a risk management program 
(including a plan for business continuity and disaster recovery and 
policies and procedures designed to ensure compliance with applicable 
position limits). The Commission believes that the information 
collection obligations imposed by the above regulations are essential 
to ensuring that swap dealers and major swap participants maintain 
adequate and effective risk management programs and policies and 
procedures to ensure compliance with position limits. An agency may not 
conduct or sponsor, and a person is not required to respond to, a 
collection of information unless it displays a currently valid OMB 
control number. The Commission did not receive any comments on the 60-
day Federal Register notice, 80 FR 74766, dated November 30, 2015.

    \1\ 17 CFR 23.600, 23.601, 23.602, 23.603, 23.606, 23.607.
    \2\ 7 U.S.C. 6s(j).
    \3\ 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).
    \4\ 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 

    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.\5\

    \5\ The 60-day notice indicated that there were 106 Swap Dealers 
and Major Swap Participants. The estimates have been adjusted to 
reflect the current number of 105 Swap Dealers and Major Swap 
Participants registered with the Commission.

    Estimated Average Burden Hours per Registrant: 1,148.5.
    Estimated Aggregate Burden Hours: 120,592.5.\6\

    \6\ The estimated aggregate burden hour is adjusted to reflect 
the correct total burden hours based on the new number of Swap 
Dealers and Major Swap Participants registered with the Commission.

    Frequency of Recordkeeping/Third-party Disclosure: As applicable.

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

    Dated: January 27, 2016.
Robert N. Sidman,
Deputy Secretary of the Commission.
[FR Doc. 2016-01773 Filed 2-1-16; 8:45 am]