Agency Information Collection Activities Under OMB Review, 65630-65631 [2016-22957]
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[FR Doc. 2016–22979 Filed 9–22–16; 8:45 am]
BILLING CODE 6353–01–P
sradovich on DSK3GMQ082PROD with NOTICES
COMMODITY FUTURES TRADING
COMMISSION
Agency Information Collection
Activities Under OMB Review
Commodity Futures Trading
Commission.
ACTION: Notice.
AGENCY:
In compliance with the
Paperwork Reduction Act of 1995
SUMMARY:
VerDate Sep<11>2014
18:22 Sep 22, 2016
Jkt 238001
(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 October 24, 2016.
ADDRESSES: Comments regarding the
burden estimate 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
OIRAsubmissions@omb.eop.gov. Please
identify the comments by OMB Control
No. 3038–0074. Please provide the
Commission with a copy of all
submitted comments at the address
listed below. Please refer to OMB
Reference No. 3038–0074, found on
https://reginfo.gov. 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:
Christopher Kirkpatrick, Secretary of the
Commission, Commodity Futures
Trading Commission, Three Lafayette
Centre, 1155 21st Street NW.,
Washington, DC 20581 or by Hand
Deliver/Courier at the same address; or
through the Agency’s Web site at https://
comments.cftc.gov. Follow the
instructions for submitting comments
through the Web site.
A copy of the supporting statements
for the collection of information
discussed above may be obtained by
visiting https://RegInfo.gov. 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.
FOR FURTHER INFORMATION CONTACT:
Steven A. Haidar, Attorney-Advisor,
Division of Market Oversight,
Commodity Futures Trading
Commission, (202) 418–5611; email:
shaidar@cftc.gov, and refer to OMB
Control No. 3038–0074.
SUPPLEMENTARY INFORMATION:
Title: Core Principles and Other
Requirements for Swap Execution
Facilities (OMB Control No. 3038–
0074). This is a request for extension of
a currently approved information
collection.
Abstract: Title VII of the Dodd-Frank
Wall Street Reform and Consumer
Protection Act (Dodd-Frank Act) added
PO 00000
Frm 00009
Fmt 4703
Sfmt 4703
new section 5h to the Commodity
Exchange Act (CEA) to impose
requirements concerning the registration
and operation of SEFs, which the
Commission has incorporated in part 37
of its regulations.1 These information
collections are needed for the
Commission to ensure that SEFs
registered with the Commission (and
entities applying for SEF registration)
comply with these requirements.
Among other requirements, part 37 of
the Commission’s regulations imposes
SEF registration requirements for a
trading platform or system, obligates
SEFs to provide transaction
confirmations to swap counterparties,
and requires SEFs to comply with 15
enumerated core principles.2
The Commission initially estimated
that there would be 35 SEFs registered
with the Commission, but in the 60-Day
Notice of Intent to Renew Collection
3038–0074 (60-Day Renewal Notice), the
Commission stated that 22 SEFs, rather
than 35 SEFs as initially estimated, were
registered with the Commission.3
However, since the publication of the
60-Day Renewal Notice, the
Commission has granted permanent
registration to an additional SEF, for a
total of 23 registered SEFs.4
Accordingly, the Commisison is revising
the below burden statement from the 60Day Renewal Notice to account for the
increase from 22 to 23 registered SEFs.
The Commission did not receive any
relevant comments on the 60-Day
Renewal Notice.
1 In general, this OMB Control Number covers all
information collections in part 37 of the
Commission’s regulations, including Subpart A and
the SEF core principles (i.e., Subparts B and C).
However, any information collections related to
§ 37.10 of the Commission’s regulations are not
included under this control number and are instead
subject to a separate information collection with
OMB Control Number 3038–0099 (Process for a
Swap Execution Facility or Designated Contract
Market to Make a Swap Available to Trade).
2 These 15 core principles establish standards
with respect to SEFs: Enforcing rules; listing
contracts for trading that are not readily susceptible
to manipulation; monitoring trading to prevent
market manipulation; obtaining information;
adopting position limits or position accountability
levels; adopting rules to enforce financial integrity
of swaps transactions entered on or through the
SEF; adopting rules to provide for the exercise of
emergency authority, in consultation with the
Commission; making public information regarding
prices and volume on a timely basis; maintaining
records of all activities of the business of the
contract market in a form and manner acceptable
to the Commission for five years; avoiding rules that
result in unreasonable restraints of trade or
anticompetitive burden on trading; enforcing rules
to minimize conflicts of interest in its decisionmaking process; maintaining adequate financial
resources; establishing system safeguards; and
designating a chief compliance officer.
3 See 81 FR 47779, 47780 (July 22, 2016).
4 Commission granted permanent registration to
the additional SEF on August 23, 2016.
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23SEN1
Federal Register / Vol. 81, No. 185 / Friday, September 23, 2016 / Notices
Burden Statement: The Commission
estimates that a respondent’s burden for
this information collection will be (i)
1,000 on-going annual burden hours per
respondent registered SEF and (ii) 300
65631
burden hours per respondent applicant
for permanent SEF registration.5
Annual Burden Hours for Registered SEFs
Respondents/Affected Entities: ............................................................................................................................
Estimated number of respondents: ......................................................................................................................
Estimated annual burden hours per respondent: ................................................................................................
Estimated total annual burden on respondents: ..................................................................................................
Frequency of collection: .......................................................................................................................................
Registered SEFs.
23. 1
1,000 burden hours.
23,000 hours. 2
Per trade day. 3
Burden Hours for Applicants for Permanent SEF Registration
Respondents/Affected Entities: ............................................................................................................................
Estimated number of respondents: ......................................................................................................................
Estimated annual burden hours per respondent: ................................................................................................
Estimated total annual burden on respondents: ..................................................................................................
Frequency of collection: .......................................................................................................................................
Applicants for SEF Registration.
4. 4
300 burden hours.
1,200 burden hours. 5
Initial registration.
1 In the part 37 final rule release, the Commission estimated that there would be 35 SEFs. See 78 FR 33476, 33549 (June 4, 2013). The Commission, however, notes that 23 SEFs are currently registered with the Commission. In the 60-Day Renewal Notice, the Commission stated that
there were 22 then-registered SEFs; however, since the pulication of the 60-Day Renewal Notice, the Commission has granted permanent registration to an additional SEF. Accordingly, the revised aggregate burden hour estimate accounts for both the increased annual burden hours estimate to 1,000 hours per SEF as well as the revised number of SEFs to 23.
2 1,000 average annual burden hours per respondent SEF × 23 registered SEFs = 23,000 total burden hours for all registered SEFs.
3 The Commission notes that registered SEFs also are required to provide four quarterly reports and one annual report as part of their annual
information collection obligations.
4 Based on the number of applicants that have applied for permanent SEF registration since the Commission first granted permanent registration status to SEFs on January 22, 2016, the Commission expects to receive four applications per year for permanent SEF registration.
5 300 average initial burden hours per respondent SEF applicant × 4 anticipated SEF applicants = 1,200 total burden hours incurred for all anticipated SEF applicants per year.
Authority 44 U.S.C. 3501 et seq.
Pursuant to the Privacy Act of
1974, 5 U.S.C. 552a, and Office of
Management and Budget (OMB)
Circular No. A–130, notice is hereby
given that the Office of the Secretary of
Defense (OSD) proposes to alter a
system of records, DUSDI 01–DoD,
‘‘Department of Defense (DoD) Insider
Threat Management and Analysis
Center (DITMAC) and DoD Component
Insider Threat Records System,’’ last
published at 81 FR 31614, May 19,
2016.
This system of records exists to:
Analyze, monitor, and audit insider
threat information for insider threat
detection and mitigation within the DoD
on threats that persons who have or had
been granted eligibility for access to
classified information or eligibility to
hold sensitive positions may pose to
DoD and U.S. Government installations,
facilities, personnel, missions, or
resources. The system of records will
support the DITMAC and DoD
Component insider threat programs,
enable the identification of systemic
insider threat issues and challenges, and
provide a basis for the development and
recommendation of solutions to deter,
detect, and/or mitigate potential insider
threats. It will assist in identifying best
practices among other Federal
Government insider threat programs,
through the use of existing DoD
resources and functions and by
leveraging existing authorities, policies,
programs, systems, and architectures.
This alteration reflects a change to the
categories of individuals by removing
the phrase: And who have exhibited
actual, probable, or possible indications
of insider threat behaviors or activities.
Public Law 112–81, 10 U.S.C. 2224 note,
Insider Threat Detection, requires the
Department to detect and prevent
insider threats in order to protect
sensitive information and information
systems. This authority requires the
Department to employ anomaly
detection techniques, which logically
require ingestion of non-anomalous
information in order to identify
anomalous information. Accordingly,
the individuals subject to the DoD
Insider Threat program are those
individuals who had or have been
granted eligibility or access to classified
information.
DATES: Comments will be accepted on or
before October 24, 2016. This proposed
action will be effective the day
following the end of the comment
5 The Commission notes that SEFs did not exist
prior to either the Dodd-Frank Act or the
Commission’s original submission of this OMB
Control Number, and so the Commission is revising
its burden estimate now that it has had the
opportunity to observe SEFs’ operations and receive
feedback from market participants. The
Commission notes that while its revised estimate of
1,000 annual burden hours per respondent SEF is
an increase from its original estimate of 308 burden
hours per respondent SEF, the Commission’s
estimate does not represent any new information
collection burdens or adjustments to existing
information collections. See 78 FR 33476, 33551
(June 4, 2013) (discussing the Commission’s
original PRA estimate).
The Commission further notes that the separate
estimate of 300 burden hours for applicants for
permanent SEF registration does not represent new
information collection burdens or adjustments to
existing information collections. Rather, while the
Commission did consider the burden hours related
to the SEF application process in its original
information collection submission for this OMB
Control Number, the Commission did not explicitly
distinguish the burden hours related to the
registration process for SEF applicants from the
Commission’s estimate of the on-going annual
burden hours for registered SEFs, but rather
provided an aggregate number. See id. at 33549–51.
For the sake of clarity, the Commission is explicitly
distinguishing in this notice between the burden
hours for registered SEFs and for applicants for SEF
registration.
Dated: September 20, 2016.
Robert N. Sidman,
Deputy Secretary of the Commission.
[FR Doc. 2016–22957 Filed 9–22–16; 8:45 am]
BILLING CODE 6351–01–P
DEPARTMENT OF DEFENSE
Office of the Secretary
[Docket ID: DOD–2016–OS–0093]
Privacy Act of 1974; System of
Records
Office of the Secretary of
Defense, DoD.
ACTION: Notice to alter a System of
Records.
AGENCY:
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SUMMARY:
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18:22 Sep 22, 2016
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E:\FR\FM\23SEN1.SGM
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Agencies
[Federal Register Volume 81, Number 185 (Friday, September 23, 2016)]
[Notices]
[Pages 65630-65631]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-22957]
=======================================================================
-----------------------------------------------------------------------
COMMODITY FUTURES TRADING COMMISSION
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 October 24, 2016.
ADDRESSES: Comments regarding the burden estimate 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 OIRAsubmissions@omb.eop.gov. Please identify
the comments by OMB Control No. 3038-0074. Please provide the
Commission with a copy of all submitted comments at the address listed
below. Please refer to OMB Reference No. 3038-0074, found on https://reginfo.gov. 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: Christopher Kirkpatrick,
Secretary of the Commission, Commodity Futures Trading Commission,
Three Lafayette Centre, 1155 21st Street NW., Washington, DC 20581 or
by Hand Deliver/Courier at the same address; or through the Agency's
Web site at https://comments.cftc.gov. Follow the instructions for
submitting comments through the Web site.
A copy of the supporting statements for the collection of
information discussed above may be obtained by visiting https://
RegInfo.gov. 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.
FOR FURTHER INFORMATION CONTACT: Steven A. Haidar, Attorney-Advisor,
Division of Market Oversight, Commodity Futures Trading Commission,
(202) 418-5611; email: shaidar@cftc.gov, and refer to OMB Control No.
3038-0074.
SUPPLEMENTARY INFORMATION:
Title: Core Principles and Other Requirements for Swap Execution
Facilities (OMB Control No. 3038-0074). This is a request for extension
of a currently approved information collection.
Abstract: Title VII of the Dodd-Frank Wall Street Reform and
Consumer Protection Act (Dodd-Frank Act) added new section 5h to the
Commodity Exchange Act (CEA) to impose requirements concerning the
registration and operation of SEFs, which the Commission has
incorporated in part 37 of its regulations.\1\ These information
collections are needed for the Commission to ensure that SEFs
registered with the Commission (and entities applying for SEF
registration) comply with these requirements. Among other requirements,
part 37 of the Commission's regulations imposes SEF registration
requirements for a trading platform or system, obligates SEFs to
provide transaction confirmations to swap counterparties, and requires
SEFs to comply with 15 enumerated core principles.\2\
---------------------------------------------------------------------------
\1\ In general, this OMB Control Number covers all information
collections in part 37 of the Commission's regulations, including
Subpart A and the SEF core principles (i.e., Subparts B and C).
However, any information collections related to Sec. 37.10 of the
Commission's regulations are not included under this control number
and are instead subject to a separate information collection with
OMB Control Number 3038-0099 (Process for a Swap Execution Facility
or Designated Contract Market to Make a Swap Available to Trade).
\2\ These 15 core principles establish standards with respect to
SEFs: Enforcing rules; listing contracts for trading that are not
readily susceptible to manipulation; monitoring trading to prevent
market manipulation; obtaining information; adopting position limits
or position accountability levels; adopting rules to enforce
financial integrity of swaps transactions entered on or through the
SEF; adopting rules to provide for the exercise of emergency
authority, in consultation with the Commission; making public
information regarding prices and volume on a timely basis;
maintaining records of all activities of the business of the
contract market in a form and manner acceptable to the Commission
for five years; avoiding rules that result in unreasonable
restraints of trade or anticompetitive burden on trading; enforcing
rules to minimize conflicts of interest in its decision-making
process; maintaining adequate financial resources; establishing
system safeguards; and designating a chief compliance officer.
---------------------------------------------------------------------------
The Commission initially estimated that there would be 35 SEFs
registered with the Commission, but in the 60-Day Notice of Intent to
Renew Collection 3038-0074 (60-Day Renewal Notice), the Commission
stated that 22 SEFs, rather than 35 SEFs as initially estimated, were
registered with the Commission.\3\ However, since the publication of
the 60-Day Renewal Notice, the Commission has granted permanent
registration to an additional SEF, for a total of 23 registered
SEFs.\4\ Accordingly, the Commisison is revising the below burden
statement from the 60-Day Renewal Notice to account for the increase
from 22 to 23 registered SEFs.
---------------------------------------------------------------------------
\3\ See 81 FR 47779, 47780 (July 22, 2016).
\4\ Commission granted permanent registration to the additional
SEF on August 23, 2016.
---------------------------------------------------------------------------
The Commission did not receive any relevant comments on the 60-Day
Renewal Notice.
[[Page 65631]]
Burden Statement: The Commission estimates that a respondent's
burden for this information collection will be (i) 1,000 on-going
annual burden hours per respondent registered SEF and (ii) 300 burden
hours per respondent applicant for permanent SEF registration.\5\
---------------------------------------------------------------------------
\5\ The Commission notes that SEFs did not exist prior to either
the Dodd-Frank Act or the Commission's original submission of this
OMB Control Number, and so the Commission is revising its burden
estimate now that it has had the opportunity to observe SEFs'
operations and receive feedback from market participants. The
Commission notes that while its revised estimate of 1,000 annual
burden hours per respondent SEF is an increase from its original
estimate of 308 burden hours per respondent SEF, the Commission's
estimate does not represent any new information collection burdens
or adjustments to existing information collections. See 78 FR 33476,
33551 (June 4, 2013) (discussing the Commission's original PRA
estimate).
The Commission further notes that the separate estimate of 300
burden hours for applicants for permanent SEF registration does not
represent new information collection burdens or adjustments to
existing information collections. Rather, while the Commission did
consider the burden hours related to the SEF application process in
its original information collection submission for this OMB Control
Number, the Commission did not explicitly distinguish the burden
hours related to the registration process for SEF applicants from
the Commission's estimate of the on-going annual burden hours for
registered SEFs, but rather provided an aggregate number. See id. at
33549-51. For the sake of clarity, the Commission is explicitly
distinguishing in this notice between the burden hours for
registered SEFs and for applicants for SEF registration.
------------------------------------------------------------------------
------------------------------------------------------------------------
Annual Burden Hours for Registered SEFs
------------------------------------------------------------------------
Respondents/Affected Registered SEFs.
Entities:.
Estimated number of 23. \1\
respondents:.
Estimated annual burden hours 1,000 burden hours.
per respondent:.
Estimated total annual burden 23,000 hours. \2\
on respondents:.
Frequency of collection:..... Per trade day. \3\
------------------------------------------------------------------------
Burden Hours for Applicants for Permanent SEF Registration
------------------------------------------------------------------------
Respondents/Affected Applicants for SEF Registration.
Entities:.
Estimated number of 4. \4\
respondents:.
Estimated annual burden hours 300 burden hours.
per respondent:.
Estimated total annual burden 1,200 burden hours. \5\
on respondents:.
Frequency of collection:..... Initial registration.
------------------------------------------------------------------------
\1\ In the part 37 final rule release, the Commission estimated that
there would be 35 SEFs. See 78 FR 33476, 33549 (June 4, 2013). The
Commission, however, notes that 23 SEFs are currently registered with
the Commission. In the 60-Day Renewal Notice, the Commission stated
that there were 22 then-registered SEFs; however, since the pulication
of the 60-Day Renewal Notice, the Commission has granted permanent
registration to an additional SEF. Accordingly, the revised aggregate
burden hour estimate accounts for both the increased annual burden
hours estimate to 1,000 hours per SEF as well as the revised number of
SEFs to 23.
\2\ 1,000 average annual burden hours per respondent SEF x 23 registered
SEFs = 23,000 total burden hours for all registered SEFs.
\3\ The Commission notes that registered SEFs also are required to
provide four quarterly reports and one annual report as part of their
annual information collection obligations.
\4\ Based on the number of applicants that have applied for permanent
SEF registration since the Commission first granted permanent
registration status to SEFs on January 22, 2016, the Commission
expects to receive four applications per year for permanent SEF
registration.
\5\ 300 average initial burden hours per respondent SEF applicant x 4
anticipated SEF applicants = 1,200 total burden hours incurred for all
anticipated SEF applicants per year.
Authority 44 U.S.C. 3501 et seq.
Dated: September 20, 2016.
Robert N. Sidman,
Deputy Secretary of the Commission.
[FR Doc. 2016-22957 Filed 9-22-16; 8:45 am]
BILLING CODE 6351-01-P