Agency Information Collection Activities Under OMB Review, 35764-35767 [2017-16019]
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Federal Register / Vol. 82, No. 146 / Tuesday, August 1, 2017 / Notices
participate remotely in the meeting
through a moderated conference bridge,
including polling functionality. Access
details for the meeting are subject to
change. Please refer to NTIA’s Web site,
https://www.ntia.doc.gov/otherpublication/2016/multistakeholderprocess-iot-security, for the most current
information.
Dated: July 27, 2017.
Kathy D. Smith,
Chief Counsel, National Telecommunications
and Information Administration.
[FR Doc. 2017–16155 Filed 7–31–17; 8:45 am]
BILLING CODE 3510–60–P
DEPARTMENT OF COMMERCE
National Telecommunications and
Information Administration
Community Broadband Workshop
National Telecommunications
and Information Administration, U.S.
Department of Commerce.
ACTION: Notice of Open Meeting.
AGENCY:
The National
Telecommunications and Information
Administration (NTIA), through the
BroadbandUSA program, will hold a
Technical Assistance Workshop to share
information and help communities
build their broadband capacity and
utilization. The workshop will present
in-depth sessions on planning and
funding broadband infrastructure
projects. The session on planning will
explore effective business and
partnership models. The session on
funding will explore available funding
options and models, including federal
funding.
SUMMARY:
The Technical Assistance
Workshop will be held on Tuesday,
September 19, 2017, from 8:30 a.m. to
12:30 p.m., Eastern Daylight Time.
ADDRESSES: The meeting will be held in
Charleston, West Virginia at the Law
Firm of Jackson Kelly PLLC, 500 Lee
Street East, Suite 1600, Rooms A and B,
Charleston, WV 25301.
FOR FURTHER INFORMATION CONTACT:
Giselle Sanders, National
Telecommunications and Information
Administration, U.S. Department of
Commerce, Room 4889, 1401
Constitution Avenue, NW., Washington,
DC 20230; telephone: (202) 482–7971;
email: gsanders@ntia.doc.gov. Please
direct media inquiries to NTIA’s Office
of Public Affairs, (202) 482–7002; email:
press@ntia.doc.gov.
SUPPLEMENTARY INFORMATION: NTIA’s
BroadbandUSA program provides
expert advice and field-proven tools for
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DATES:
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assessing broadband adoption, planning
new infrastructure, and engaging a wide
range of partners in broadband projects.
BroadbandUSA convenes workshops on
a regular basis to bring stakeholders
together to discuss ways to improve
broadband policies, share best practices,
and connect communities to other
federal agencies and funding sources for
the purpose of expanding broadband
infrastructure and adoption throughout
America’s communities. The Charleston
workshop will explore two specific
topics for broadband infrastructure:
Planning and funding.
The Charleston workshop will feature
subject matter experts from NTIA’s
BroadbandUSA broadband program.
The first session will explore key
elements required for planning
successful broadband projects. The
second session will explore funding
models, including federal programs that
fund broadband infrastructure projects.
The Charleston workshop will be
open to the public. Pre-registration is
requested, and space is limited. NTIA
will ask registrants to provide their first
and last names and email addresses for
both registration purposes and to
receive any updates on the workshop. If
capacity for the meeting is reached,
NTIA will maintain a waiting list and
will inform those on the waiting list if
space becomes available. Meeting
updates, changes in the agenda, if any,
and relevant documents will also be
available on NTIA’s Web site at https://
www2.ntia.doc.gov/notice-09192017workshop.
The public meeting is physically
accessible to people with disabilities.
Individuals requiring accommodations,
such as language interpretation or other
ancillary aids, are asked to notify Giselle
Sanders at the contact information listed
above at least five (5) business days
before the meeting.
Dated: July 27, 2017.
Kathy D. Smith,
Chief Counsel, National Telecommunications
and Information Administration.
[FR Doc. 2017–16154 Filed 7–31–17; 8:45 am]
BILLING CODE 3510–60–P
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
(PRA), this notice announces that the
SUMMARY:
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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 August 31, 2017.
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 this
notice’s publication by either of the
following methods. Please identify the
comments by ‘‘OMB Control No. 3038–
0081’’.
• By email addressed to:
OIRAsubmissions@omb.eop.gov or
• By mail addressed 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.
A copy of all comments submitted to
OIRA should be sent to the Commodity
Futures Trading Commission (the
‘‘Commission’’) by either of the
following methods. The copies should
refer to ‘‘OMB Control No. 3038–0081’’.
• By mail addressed to: Christopher
Kirkpatrick, Secretary of the
Commission, Commodity Futures
Trading Commission, Three Lafayette
Centre, 1155 21st Street NW.,
Washington, DC 20581;
• By Hand Delivery/Courier to the
same address; or
• Through the Commission’s Web site
at https://comments.cftc.gov. Please
follow the instructions for submitting
comments through the Web site.
A copy of the supporting statement
for the collection of information
discussed herein 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. 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.1 The
1 17
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CFR 145.9.
01AUN1
Federal Register / Vol. 82, No. 146 / Tuesday, August 1, 2017 / Notices
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Commission reserves the right, but shall
have no obligation, to review, prescreen, 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
ICR 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.
FOR FURTHER INFORMATION CONTACT:
Robert Wasserman, Chief Counsel,
Division of Clearing and Risk,
Commodity Futures Trading
Commission, (202) 418–5092; email:
rwasserman@cftc.gov, and refer to OMB
Control No. 3038–0081.
SUPPLEMENTARY INFORMATION:
Title: Derivatives Clearing
Organizations, General Regulations and
International Standards; OMB Control
No. 3038–0081. This is a request for
extension of a currently approved OMB
Control No. containing two information
collections consolidated into OMB
Control No. 3038–0081.
Derivatives Clearing Organization
General Provisions and Core Principles.2
Section 725(c) of the Dodd-Frank Act
amended Section 5b(c)(2) of the CEA to
allow the Commission to establish
regulatory standards for compliance
with the DCO core principles.
Accordingly, the Commission adopted a
final rule to set specific standards for
compliance with DCO Core Principles.3
The DCO Final Rule requires the
appointment of a CCO, the filing of an
annual report and adherence to certain
recordkeeping requirements.4 The
information collected pursuant to those
regulations is necessary for the
Commission to evaluate whether DCOs
are complying with Commission
regulations.
2 The 60-day Federal Register notice, 82 FR
24688, May 30, 2017, identified this information
collection as ‘‘Annual report provided for in
Derivatives Clearing Organization General
Provisions and Core Principles.’’
3 See Derivatives Clearing Organization General
Provisions and Core Principles, 76 FR 69334
(November 8, 2011) (DCO Final Rule).
4 These DCO recordkeeping requirements and
associated costs are captured in separate proposed
rulemakings under separate OMB Control Nos.;
specifically, see Risk Management Requirements for
Derivatives Clearing Organizations; 76 FR 3698 (Jan.
20, 2011)(OMB Control No. 3038–0076);
Information Management Requirements for
Derivatives Clearing Organizations, 75 FR 78185
(Dec. 15, 2010)) (OMB Control No. 3038–0069); and
Financial Resources requirements for Derivatives
Clearing Organizations, 75 FR 63113 (Oct. 14,
2010)(OMB Control No. 3038–0066).
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Derivatives Clearing Organizations
and International Standards.5 In the
SIDCO-Subpart C DCO Final Rule, the
Commission adopted amendments to its
regulations to establish additional
standards for compliance with the DCO
core principles set forth in Section
5b(c)(2) of the CEA for systemically
important DCOs (‘‘SIDCOs’’) and DCOs
that elect to opt-in to the SIDCO
regulatory requirements (‘‘Subpart C
DCOs’’) which are consistent with
certain international standards.6
Specifically, the additional
requirements address any remaining
gaps between the Commission’s existing
regulations and the Principles for
Financial Market Infrastructures
(‘‘PFMI’’) published by the Committee
on Payments and Market Infrastructures
and the Board of the International
Organization of Securities Commissions.
The SIDCO-Subpart C DCO Final Rule
also established the process whereby
DCO and DCO applicants, respectively,
may elect to become Subpart C DCOs
subject to the provisions of Subpart C.
The election involves filing the Subpart
C Election Form contained in appendix
B to part 39 of the Commission’s
regulations, which involves completing
certifications, providing exhibits, and
drafting and publishing responses to the
PFMI Disclosure Framework and PFMI
Quantitative Information Disclosure, as
applicable. Additionally, the SIDCOSubpart C DCO Final Rule provides for
Commission requests for supplemental
information from those requesting
Subpart C DCO status; requires
amendments to the Subpart C Election
Form in the event that a DCO or DCO
Applicant, respectively, discovers a
material omission or error in, or if there
is a material change in, the information
provided in the Subpart C Election
Form; to submit a notice of withdrawal
to the Commission in the event the DCO
or DCO applicant determines not to seek
Subpart C DCO status prior to such
status becoming effective; and
procedures by which a Subpart C DCO
may rescind its Subpart C DCO status
after it has been permitted to take effect.
Further, each of these requirements
implies recordkeeping that would be
produced by a DCO to the Commission
on an occasional basis to demonstrate
compliance with the rules. The
information that would be collected
5 The 60-day Federal Register notice, 82 FR
24688, May 30, 2017, identified this information
collection as Subpart C Election Form and other
reporting and recordkeeping requirements provided
for in subpart C, part 39 of the Commission
Regulations.
6 See Derivatives Clearing Organizations and
International Standards, 78 FR 72476 (December 2,
2013) (SIDCO-Subpart C DCO Final Rule).
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35765
under the SIDCO-Subpart C DCO Final
Rule, part 39 of the Commission
Regulations, is necessary for the
Commission to determine whether a
DCO meets the Subpart C DCO
standards and is likely to be able to
maintain compliance with such
standards; to evaluate whether SIDCOs
and Subpart C DCOs are complying with
Commission regulations; and to perform
risk analyses with respect to SIDCOs
and Subpart C DCOs.
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. On May 30, 2017, the
Commission published in the Federal
Register notice of the proposed
extension of this information collection
and provided 60 days for public
comment on the proposed extension, 82
FR 24688 (‘‘60-Day Notice’’).
Burden Statement: The Commission
is not revising its estimate of the burden
for this collection. The respondent
burden for this collection is estimated to
be as follows:
Estimated Number of Respondents:
With respect to the DCO Final Rule, the
estimated number of respondents is 12.
With respect to the SIDCO-Subpart C
DCO Rule, the estimated number of
respondents is 7.
Estimated Average Burden Hours Per
Respondent: With respect to the DCO
Final Rule, the estimated average
burden hours is 80. With respect to the
SIDCO-Subpart C DCO Rule, the
estimated average burden hours is
2,502.
Estimated Total Annual Burden
Hours: With respect to the DCO Final
Rule, the total annual burden hours is
estimated to be 960. With respect to the
SIDCO-Subpart C DCO Rule, the total
annual burden hours is estimated to be
17,512.
Frequency of Collection: With respect
to the DCO Final Rule, the estimated
frequency of collection is annual. With
respect to the SIDCO-Subpart C DCO
Rule, the frequency of collection is
annual and occasional.
The total annual time burden for all
respondents is estimated to be 18,472
hours.
See Appendix A for an individual
breakdown for burden for annual
reports provided for in Derivatives
Clearing Organization General
Provisions and Core Principles.
See Appendix B for an individual
breakdown for burden for Derivatives
Clearing Organizations and
International Standards (Subpart C
Election Form and other reporting and
recordkeeping requirements provided
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Federal Register / Vol. 82, No. 146 / Tuesday, August 1, 2017 / Notices
for in subpart C, part 39 of the
Commission Regulations).
There are no capital costs or operating
and maintenance costs associated with
this collection.
Dated: July, 25, 2017.
Robert N. Sidman,
Deputy Secretary of the Commission.
Appendix A—Derivatives Clearing
Organization General Provisions and
Core Principles OMB Collection 3038–
0081.
Note: The following appendices will not
appear in the Code of Federal Regulations.
Authority: 44 U.S.C. 3501 et seq.
The regulations under this final
rulemaking require DCOs to report
information to the Commission on an annual
basis but allow the Commission to collect
information at other times as necessary.
ANNUAL REPORTING REQUIREMENTS FOR DERIVATIVES CLEARING ORGANIZATIONS
Estimated number of respondents per year
Reports
annually
by each
respondent
Total
annual
responses
Estimated
average
number of
hours
per response
Estimated
total
number of
hours of
annual
burden in
fiscal year
(maximum:
12×80)
12 .....................................................................................................................
1
12
40–80
480–960
Estimated
average
number of
hours per
response
Estimated
total
number
of hours
of annual
burden in
fiscal year
Appendix B—Subpart C Election Form
and Other Reporting and
Recordkeeping Requirements Provided
for in Subpart C, Part 39 of the
Commission Regulations OMB
Collection 3038–0081
SIDCO/SUBPART C DCO REGULATIONS—REPORTING COLLECTION
Estimated
number of
respondents
per year
Reports
annually
by each
Total
annual
responses
Certifications—Subpart C Election Form .............................
Exhibits A thru G—Subpart C Election Form ......................
Disclosure Framework Responses ......................................
Quantitative Information Disclosures ...................................
Supplemental Information ....................................................
Amendments to Subpart C Election Form ...........................
Withdrawal Notices ..............................................................
Rescission Notices ...............................................................
Written Governance Arrangements .....................................
Governance Disclosures ......................................................
Financial and Liquidity Resource Documentation ...............
Stress Test Results ..............................................................
Disclosure Framework Requirements (SIDCOs Only) ........
Disclosure Framework Requirements (Both) .......................
Quantitative Information Disclosures (SIDCOs Only) ..........
Quantitative Information Disclosures (Both) ........................
Transaction, Segregation, Portability Disclosures ...............
Efficiency and Effectiveness Review ...................................
Recovery and Wind-Down Plan ...........................................
5
5
5
5
5
5
1
1
7
7
7
7
2
7
2
7
7
7
7
1
1
1
1
5
3
1
75
1
6
1
16
1
1
1
1
2
1
1
5
5
5
5
25
15
1
75
7
42
7
112
2
7
2
7
14
7
7
25
155
200
80
45
8
2
3
200
3
120
14
200
80
80
35
35
3
480
125
775
1,000
400
1,125
120
2
225
1,400
126
840
1,568
400
560
160
245
490
21
3,360
Totals ............................................................................
........................
120
350
1,768
12,942
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SIDCO/SUBPART C DCO REGULATIONS—RECORDKEEPING COLLECTION
Estimated
number of
recordkeepers
per year
Generally ..............................................................................
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Records to
be kept
annually
by each
5
Fmt 4703
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Total
annual
responses
82
E:\FR\FM\01AUN1.SGM
410
01AUN1
Estimated
total
number of
hours of
annual
burden in
fiscal year
Estimated
average
number of
hours
per record
1
2,050
35767
Federal Register / Vol. 82, No. 146 / Tuesday, August 1, 2017 / Notices
SIDCO/SUBPART C DCO REGULATIONS—RECORDKEEPING COLLECTION—Continued
Estimated
number of
recordkeepers
per year
Records to
be kept
annually
by each
Total
annual
responses
Estimated
average
number of
hours
per record
Estimated
total
number of
hours of
annual
burden in
fiscal year
Liquidity Resource Due Diligence and Testing ...................
Financial and Liquidity Resources, Excluding Due Diligence ................................................................................
Generally ..............................................................................
7
4
28
10
280
7
7
4
28
28
196
10
10
280
1960
Totals ............................................................................
........................
118
662
31
4570
DEPARTMENT OF DEFENSE
[FR Doc. 2017–16019 Filed 7–31–17; 8:45 am]
BILLING CODE 6351–01–P
Department of the Navy
Notice of Intent To Prepare a
Supplemental Environmental Impact
Statement/Overseas Environmental
Impact Statement for Mariana Islands
Training and Testing
DEPARTMENT OF DEFENSE
Department of the Navy
Meeting of the Board of Visitors of
Marine Corps University
Department of the Navy, DOD.
Notice of open meeting.
AGENCY:
ACTION:
The Board of Visitors of the
Marine Corps University (BOV MCU)
will meet to review, develop and
provide recommendations on all aspects
of the academic and administrative
policies of the University; examine all
aspects of professional military
education operations; and provide such
oversight and advice, as is necessary, to
facilitate high educational standards
and cost effective operations. The Board
will be focusing primarily on the
internal procedures of Marine Corps
University. All sessions of the meeting
will be open to the public.
DATES: The meeting will be held on
Thursday, September 14, 2017, from
9:00 a.m. to 4:30 p.m. and Friday,
September 15, 2017, from 8:00 a.m. to
2:30 p.m. Eastern Time Zone.
ADDRESSES: The meeting will be held at
Marine Corps University in Quantico,
Virginia. The address is: 2076 South St.,
Quantico, VA.
FOR FURTHER INFORMATION CONTACT: Dr.
Kim Florich, Director of Faculty
Development and Outreach, Marine
Corps University Board of Visitors, 2076
South Street, Quantico, Virginia 22134,
telephone number 703–432–4682.
mstockstill on DSK30JT082PROD with NOTICES
SUMMARY:
Dated: July 24, 2017.
A.M. Nichols,
Lieutenant Commander, Judge Advocate
General’s Corps, U.S. Navy, Federal Register
Liaison Officer.
[FR Doc. 2017–16150 Filed 7–31–17; 8:45 am]
BILLING CODE 3810–FF–P
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Department of the Navy, DOD.
Notice.
AGENCY:
ACTION:
Pursuant to the National
Environmental Policy Act (NEPA) of
1969 and regulations implemented by
the Council on Environmental Quality,
the Department of the Navy (DoN)
announces its intent to prepare a
supplement to the 2015 Final Mariana
Islands Training and Testing (MITT)
Environmental Impact Statement/
Overseas Environmental Impact
Statement (EIS/OEIS).
DATES: Public scoping meetings will not
be held, but public comments will be
accepted during the scoping period from
August 1, 2017 to September 15, 2017.
ADDRESSES: The DoN invites scoping
comments on the MITT Supplemental
EIS/OEIS from all interested parties.
Substantive comments may be provided
by mail to the address below and
through the project Web site at https://
mitt-eis.com/. Comments must be
postmarked or received by September
15, 2017, for consideration during the
development of the Draft Supplemental
EIS/OEIS.
FOR FURTHER INFORMATION CONTACT:
Naval Facilities Engineering Command
Pacific, Attention: MITT Supplemental
EIS/OEIS Project Manager, 258
Makalapa Drive, Suite 100, Pearl
Harbor, HI 96860–3134.
SUPPLEMENTARY INFORMATION: The Navy
will assess the potential environmental
impacts associated with ongoing and
proposed military readiness activities
conducted within the MITT EIS/OEIS
Study Area (hereafter known as the
‘‘Study Area’’). The Supplement to the
SUMMARY:
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Sfmt 4703
2015 Final EIS/OEIS is being prepared
to support ongoing and future activities
conducted at sea and on Farallon de
Medinilla (FDM) within the Study Area
beyond 2020. Military readiness
activities include training and research,
development, testing, and evaluation
(hereafter known as ‘‘testing’’). The
Supplemental EIS/OEIS will include an
analysis of training and testing activities
using new information available after
the release of the 2015 Final MITT EIS/
OEIS. New information includes an
updated acoustic effects model, updated
marine mammal density data, and other
best available science. Proposed
activities are generally consistent with
those analyzed in the 2015 Final MITT
EIS/OEIS and are representative of
training and testing activities the DoN
has been conducting in the Study Area
for decades.
The Study Area remains unchanged
since the 2015 Final MITT EIS/OEIS.
The Study Area includes the existing
Mariana Islands Range Complex (MIRC);
areas on the high seas to the north and
west of the MIRC; a transit corridor
between the MIRC and the Hawaii
Range Complex, starting at the
International Date Line; and Apra
Harbor and select DoN pierside and
harbor locations. The Study Area
includes only the in-water components
of the range complex and FDM; land
components associated with the range
complex are not included in the Study
Area.
As part of this process the DoN will
seek the issuance of regulatory permits
and authorizations under the Marine
Mammal Protection Act and Endangered
Species Act to support training and
testing requirements within the Study
Area, beyond 2020, thereby ensuring
critical Department of Defense
requirements are met.
Pursuant to 40 CFR 1501.6, the DoN
will invite the National Marine
Fisheries Service to be a cooperating
agency in preparation of the
Supplemental EIS/OEIS.
E:\FR\FM\01AUN1.SGM
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]]>Agencies
[Federal Register Volume 82, Number 146 (Tuesday, August 1, 2017)]
[Notices]
[Pages 35764-35767]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-16019]
=======================================================================
-----------------------------------------------------------------------
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 August 31, 2017.
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 this notice's
publication by either of the following methods. Please identify the
comments by ``OMB Control No. 3038-0081''.
By email addressed to: OIRAsubmissions@omb.eop.gov or
By mail addressed 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.
A copy of all comments submitted to OIRA should be sent to the
Commodity Futures Trading Commission (the ``Commission'') by either of
the following methods. The copies should refer to ``OMB Control No.
3038-0081''.
By mail addressed to: Christopher Kirkpatrick, Secretary
of the Commission, Commodity Futures Trading Commission, Three
Lafayette Centre, 1155 21st Street NW., Washington, DC 20581;
By Hand Delivery/Courier to the same address; or
Through the Commission's Web site at https://comments.cftc.gov. Please follow the instructions for submitting
comments through the Web site.
A copy of the supporting statement for the collection of
information discussed herein 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. 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 Sec. 145.9 of the Commission's regulations.\1\ The
[[Page 35765]]
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
the merits of the ICR 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.
FOR FURTHER INFORMATION CONTACT: Robert Wasserman, Chief Counsel,
Division of Clearing and Risk, Commodity Futures Trading Commission,
(202) 418-5092; email: rwasserman@cftc.gov, and refer to OMB Control
---------------------------------------------------------------------------
No. 3038-0081.
SUPPLEMENTARY INFORMATION:
Title: Derivatives Clearing Organizations, General Regulations and
International Standards; OMB Control No. 3038-0081. This is a request
for extension of a currently approved OMB Control No. containing two
information collections consolidated into OMB Control No. 3038-0081.
Derivatives Clearing Organization General Provisions and Core
Principles.\2\ Section 725(c) of the Dodd-Frank Act amended Section
5b(c)(2) of the CEA to allow the Commission to establish regulatory
standards for compliance with the DCO core principles. Accordingly, the
Commission adopted a final rule to set specific standards for
compliance with DCO Core Principles.\3\ The DCO Final Rule requires the
appointment of a CCO, the filing of an annual report and adherence to
certain recordkeeping requirements.\4\ The information collected
pursuant to those regulations is necessary for the Commission to
evaluate whether DCOs are complying with Commission regulations.
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\2\ The 60-day Federal Register notice, 82 FR 24688, May 30,
2017, identified this information collection as ``Annual report
provided for in Derivatives Clearing Organization General Provisions
and Core Principles.''
\3\ See Derivatives Clearing Organization General Provisions and
Core Principles, 76 FR 69334 (November 8, 2011) (DCO Final Rule).
\4\ These DCO recordkeeping requirements and associated costs
are captured in separate proposed rulemakings under separate OMB
Control Nos.; specifically, see Risk Management Requirements for
Derivatives Clearing Organizations; 76 FR 3698 (Jan. 20, 2011)(OMB
Control No. 3038-0076); Information Management Requirements for
Derivatives Clearing Organizations, 75 FR 78185 (Dec. 15, 2010))
(OMB Control No. 3038-0069); and Financial Resources requirements
for Derivatives Clearing Organizations, 75 FR 63113 (Oct. 14,
2010)(OMB Control No. 3038-0066).
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Derivatives Clearing Organizations and International Standards.\5\
In the SIDCO-Subpart C DCO Final Rule, the Commission adopted
amendments to its regulations to establish additional standards for
compliance with the DCO core principles set forth in Section 5b(c)(2)
of the CEA for systemically important DCOs (``SIDCOs'') and DCOs that
elect to opt-in to the SIDCO regulatory requirements (``Subpart C
DCOs'') which are consistent with certain international standards.\6\
Specifically, the additional requirements address any remaining gaps
between the Commission's existing regulations and the Principles for
Financial Market Infrastructures (``PFMI'') published by the Committee
on Payments and Market Infrastructures and the Board of the
International Organization of Securities Commissions.
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\5\ The 60-day Federal Register notice, 82 FR 24688, May 30,
2017, identified this information collection as Subpart C Election
Form and other reporting and recordkeeping requirements provided for
in subpart C, part 39 of the Commission Regulations.
\6\ See Derivatives Clearing Organizations and International
Standards, 78 FR 72476 (December 2, 2013) (SIDCO-Subpart C DCO Final
Rule).
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The SIDCO-Subpart C DCO Final Rule also established the process
whereby DCO and DCO applicants, respectively, may elect to become
Subpart C DCOs subject to the provisions of Subpart C. The election
involves filing the Subpart C Election Form contained in appendix B to
part 39 of the Commission's regulations, which involves completing
certifications, providing exhibits, and drafting and publishing
responses to the PFMI Disclosure Framework and PFMI Quantitative
Information Disclosure, as applicable. Additionally, the SIDCO-Subpart
C DCO Final Rule provides for Commission requests for supplemental
information from those requesting Subpart C DCO status; requires
amendments to the Subpart C Election Form in the event that a DCO or
DCO Applicant, respectively, discovers a material omission or error in,
or if there is a material change in, the information provided in the
Subpart C Election Form; to submit a notice of withdrawal to the
Commission in the event the DCO or DCO applicant determines not to seek
Subpart C DCO status prior to such status becoming effective; and
procedures by which a Subpart C DCO may rescind its Subpart C DCO
status after it has been permitted to take effect. Further, each of
these requirements implies recordkeeping that would be produced by a
DCO to the Commission on an occasional basis to demonstrate compliance
with the rules. The information that would be collected under the
SIDCO-Subpart C DCO Final Rule, part 39 of the Commission Regulations,
is necessary for the Commission to determine whether a DCO meets the
Subpart C DCO standards and is likely to be able to maintain compliance
with such standards; to evaluate whether SIDCOs and Subpart C DCOs are
complying with Commission regulations; and to perform risk analyses
with respect to SIDCOs and Subpart C DCOs.
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. On May 30, 2017, the Commission
published in the Federal Register notice of the proposed extension of
this information collection and provided 60 days for public comment on
the proposed extension, 82 FR 24688 (``60-Day Notice'').
Burden Statement: The Commission is not revising its estimate of
the burden for this collection. The respondent burden for this
collection is estimated to be as follows:
Estimated Number of Respondents: With respect to the DCO Final
Rule, the estimated number of respondents is 12. With respect to the
SIDCO-Subpart C DCO Rule, the estimated number of respondents is 7.
Estimated Average Burden Hours Per Respondent: With respect to the
DCO Final Rule, the estimated average burden hours is 80. With respect
to the SIDCO-Subpart C DCO Rule, the estimated average burden hours is
2,502.
Estimated Total Annual Burden Hours: With respect to the DCO Final
Rule, the total annual burden hours is estimated to be 960. With
respect to the SIDCO-Subpart C DCO Rule, the total annual burden hours
is estimated to be 17,512.
Frequency of Collection: With respect to the DCO Final Rule, the
estimated frequency of collection is annual. With respect to the SIDCO-
Subpart C DCO Rule, the frequency of collection is annual and
occasional.
The total annual time burden for all respondents is estimated to be
18,472 hours.
See Appendix A for an individual breakdown for burden for annual
reports provided for in Derivatives Clearing Organization General
Provisions and Core Principles.
See Appendix B for an individual breakdown for burden for
Derivatives Clearing Organizations and International Standards (Subpart
C Election Form and other reporting and recordkeeping requirements
provided
[[Page 35766]]
for in subpart C, part 39 of the Commission Regulations).
There are no capital costs or operating and maintenance costs
associated with this collection.
Authority: 44 U.S.C. 3501 et seq.
Dated: July, 25, 2017.
Robert N. Sidman,
Deputy Secretary of the Commission.
Note: The following appendices will not appear in the Code of
Federal Regulations.
Appendix A--Derivatives Clearing Organization General Provisions and
Core Principles OMB Collection 3038-0081.
The regulations under this final rulemaking require DCOs to
report information to the Commission on an annual basis but allow
the Commission to collect information at other times as necessary.
Annual Reporting Requirements For Derivatives Clearing Organizations
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Estimated
total number
Reports Estimated of hours of
Estimated number of respondents per year annually by Total annual average number annual burden
each responses of hours per in fiscal year
respondent response (maximum:
12x80)
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12.......................................... 1 12 40-80 480-960
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Appendix B--Subpart C Election Form and Other Reporting and
Recordkeeping Requirements Provided for in Subpart C, Part 39 of the
Commission Regulations OMB Collection 3038-0081
SIDCO/Subpart C DCO Regulations--Reporting Collection
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Estimated
Estimated Estimated total number
number of Reports Total annual average of hours of
respondents annually by responses number of annual burden
per year each hours per in fiscal
response year
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Certifications--Subpart C 5 1 5 25 125
Election Form..................
Exhibits A thru G--Subpart C 5 1 5 155 775
Election Form..................
Disclosure Framework Responses.. 5 1 5 200 1,000
Quantitative Information 5 1 5 80 400
Disclosures....................
Supplemental Information........ 5 5 25 45 1,125
Amendments to Subpart C Election 5 3 15 8 120
Form...........................
Withdrawal Notices.............. 1 1 1 2 2
Rescission Notices.............. 1 75 75 3 225
Written Governance Arrangements. 7 1 7 200 1,400
Governance Disclosures.......... 7 6 42 3 126
Financial and Liquidity Resource 7 1 7 120 840
Documentation..................
Stress Test Results............. 7 16 112 14 1,568
Disclosure Framework 2 1 2 200 400
Requirements (SIDCOs Only).....
Disclosure Framework 7 1 7 80 560
Requirements (Both)............
Quantitative Information 2 1 2 80 160
Disclosures (SIDCOs Only)......
Quantitative Information 7 1 7 35 245
Disclosures (Both).............
Transaction, Segregation, 7 2 14 35 490
Portability Disclosures........
Efficiency and Effectiveness 7 1 7 3 21
Review.........................
Recovery and Wind-Down Plan..... 7 1 7 480 3,360
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Totals...................... .............. 120 350 1,768 12,942
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SIDCO/Subpart C DCO Regulations--Recordkeeping Collection
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Estimated
Estimated Estimated total number
number of Records to be Total annual average of hours of
recordkeepers kept annually responses number of annual burden
per year by each hours per in fiscal
record year
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Generally....................... 5 82 410 1 2,050
[[Page 35767]]
Liquidity Resource Due Diligence 7 4 28 10 280
and Testing....................
Financial and Liquidity 7 4 28 10 280
Resources, Excluding Due
Diligence......................
Generally....................... 7 28 196 10 1960
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Totals...................... .............. 118 662 31 4570
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[FR Doc. 2017-16019 Filed 7-31-17; 8:45 am]
BILLING CODE 6351-01-P
