Agency Information Collection Activities: Notice of Intent To Extend Collection 3038-0085: Rule 50.50 End-User Notification of Non-Cleared Swap, 39991-39992 [2018-17337]

Download as PDF 39991 Federal Register / Vol. 83, No. 156 / Monday, August 13, 2018 / Notices • Through the Commission’s website at https://comments.cftc.gov/. Follow the instructions for submitting comments through the website. • By mail addressed 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 to the same address; or Please submit your comments using only one method. 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 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. A copy of the supporting statements for the collection of information discussed herein may be obtained by visiting https://RegInfo.gov. FOR FURTHER INFORMATION CONTACT: Jacob Chachkin, Special Counsel, Division of Swap Dealer and Intermediary Oversight, Commodity Futures Trading Commission, (202) 418–5496; email: jchachkin@cftc.gov, and refer to OMB Control No. 3038– 0007. SUPPLEMENTARY INFORMATION: Title: Regulation of Domestic Exchange-Traded Options (OMB Control No. 3038–0007). This is a request for extension of a currently approved information collection. Abstract: The rules require futures commission merchants (FCMs) and introducing brokers (IBs): (1) To provide their customers with standard risk disclosure statements concerning the risk of trading commodity interests; and (2) to retain all promotional material and the source of authority for information contained therein. The purpose of these rules is to ensure that customers are advised of the risks of trading commodity interests and to avoid fraud and misrepresentation. This information collection contains the recordkeeping and reporting requirements needed to ensure regulatory compliance with Commission rules relating to this issue. The disclosure and recordkeeping requirements are necessary to monitor and to verify compliance by FCMs and IBs with their obligations concerning disclosure and promotional material. 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 June 7, 2018, 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, 83 FR 26437 (‘‘60-Day Notice’’). The Commission did not receive any comments on the 60-Day Notice. Burden Statement: The Commission estimates the burden of this collection of information as follows: ESTIMATED ANNUAL REPORTING BURDEN Estimated number of respondents or recordkeepers per year Regulation Reporting: 33.7—(Risk disclosure) ................................................. Recordkeeping: 33.8—(Retention of promotional material) ................... Grand total (reporting and recordkeeping) ............ There are no capital costs or operating and maintenance costs associated with this collection. (Authority: 44 U.S.C. 3501 et seq.) Dated: August 8, 2018. Christopher Kirkpatrick, Secretary of the Commission. BILLING CODE 6351–01–P 0.08 11,702.40 1,272.00 1.00 1,272.00 25.00 31,800.00 ........................ ........................ 147,552.00 ........................ 43,502.40 COMMODITY FUTURES TRADING COMMISSION Agency Information Collection Activities: Notice of Intent To Extend Collection 3038–0085: Rule 50.50 EndUser Notification of Non-Cleared Swap Commodity Futures Trading Commission. ACTION: Notice. Under the Paperwork Reduction Act (PRA), Federal agencies are required to publish notice in the Federal Register concerning each proposed collection of information, including proposed extension of an existing collection of information, and to allow 60 days for public comment. This notice solicits comments on the renewal of the reporting requirement that is embedded in the final rule adopting the end-user exception to the Commission’s swap clearing requirement. Comments must be submitted on or before October 12, 2018. DATES: CFR 145.9. 20:42 Aug 10, 2018 Jkt 244001 PO 00000 Estimated total number of hours of annual burden in fiscal year 146,280.00 The Commodity Futures Trading Commission (‘‘CFTC’’ or ‘‘Commission’’) is announcing an opportunity for public comment on the proposed renewal of a collection of certain information by the agency. VerDate Sep<11>2014 Estimated average number of hours per response 115.00 SUMMARY: 1 17 Total annual responses 1,272.00 AGENCY: [FR Doc. 2018–17334 Filed 8–10–18; 8:45 am] sradovich on DSK3GMQ082PROD with NOTICES Reports annually by each respondent Frm 00011 Fmt 4703 Sfmt 4703 E:\FR\FM\13AUN1.SGM 13AUN1 39992 Federal Register / Vol. 83, No. 156 / Monday, August 13, 2018 / Notices You may submit comments, identified by ‘‘OMB Control No. 3038– 0085’’ by any of the following methods: • The Agency’s website, at https:// comments.cftc.gov/. Follow the instructions for submitting comments through the website. • 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. Please submit your comments using only one method. 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: Melissa D’Arcy, Special Counsel, Division of Clearing and Risk, Commodity Futures Trading Commission, (202) 418–5086; email: mdarcy@cftc.gov. SUPPLEMENTARY INFORMATION: Under the PRA, 44 U.S.C. 3501 et seq., 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, including each proposed extension of an existing collection of information, before submitting the collection to OMB for approval. To comply with this requirement, the CFTC is publishing this notice of the proposed extension of the currently approved collection of information listed below. 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. Title: Rule 50.50 End-User Notification of Non-Cleared Swap (OMB Control No. 3038–0085). This is a request for an extension of a currently approved information collection. Abstract: Rule 50.50 specifies the requirements for eligible end-users who elect the end-user exception from the Commission’s swap clearing requirement, as provided under section 2(h)(7) of the Commodity Exchange Act sradovich on DSK3GMQ082PROD with NOTICES ADDRESSES: VerDate Sep<11>2014 20:42 Aug 10, 2018 Jkt 244001 (‘‘CEA’’). Rule 50.50 requires the counterparties to report certain information to a swap data repository registered with the Commission, or to the Commission directly, if one or more counterparties elects the end-user exception. The rule establishes a reporting requirement that is required in order to ensure compliance with the Commission’s clearing requirement under section 2(h)(1) of the CEA and is necessary in order for Commission staff to prevent abuse of the end-user exception under section 2(h)(1) of the CEA and pursuant to Rule 50.50. 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.1 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 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. Burden Statement: • Collection 3038–0085—Rule 50.50 End-User Notification of Non-Cleared 1 17 PO 00000 CFR 145.9. Frm 00012 Fmt 4703 Sfmt 4703 Swap (17 CFR 50.50: Exceptions to the Clearing Requirement) The Commission is revising its estimate of the burden for this collection for eligible end-users electing the enduser exception. The Commission is increasing the estimated number of respondents from 1,092 to 1,815 based on an observed increase in the number of entities electing the exception. The respondent burden for this collection is estimated to be as follows: Estimated Number of Respondents: 1,815. Estimated Average Burden Hours per Respondent: 0.58. Estimated Total Annual Burden Hours: 1,053. Frequency of Collection: On occasion; annually. There are no capital costs or operating and maintenance costs associated with this collection. (Authority: 44 U.S.C. 3501 et seq.) Dated: August 8, 2018. Christopher Kirkpatrick, Secretary of the Commission. [FR Doc. 2018–17337 Filed 8–10–18; 8:45 am] BILLING CODE 6351–01–P DEPARTMENT OF DEFENSE Department of the Air Force Notice of Intent To Prepare an Environmental Impact Statement for the Air Force Reserve Command F– 35A Operational Beddown Department of the United States Air Force, Department of Defense. ACTION: Amended notice of intent. AGENCY: The Air Force issued a Notice of Intent to Prepare an Environmental Impact Statement for the Air Force Reserve Command F–35A Operational Beddown Environmental Impact Statement (Vol. 83, No. 56 Federal Register, 12568, March 22, 2018) and is now being amended to correct the address for courier delivered public scoping comments. DATES: The 10-working day resubmittal period begins on the date of this notice. ADDRESSES: The address for courier delivered (e.g., Federal Express or United Parcel Service) public scoping comments is: AFCEC/CZN, (ATTN: Mr. Hamid Kamalpour), 3515 S. General McMullen Drive, Suite 155, San Antonio, Texas 78226–1710. The address for U.S. Postal Service mail delivery is the same as initially published on March 22, 2018: AFCEC/ CZN, (ATTN: Mr. Hamid Kamalpour), 2261 Hughes Avenue, Suite 155, JBSASUMMARY: E:\FR\FM\13AUN1.SGM 13AUN1

Agencies

[Federal Register Volume 83, Number 156 (Monday, August 13, 2018)]
[Notices]
[Pages 39991-39992]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-17337]


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COMMODITY FUTURES TRADING COMMISSION


Agency Information Collection Activities: Notice of Intent To 
Extend Collection 3038-0085: Rule 50.50 End-User Notification of Non-
Cleared Swap

AGENCY: Commodity Futures Trading Commission.

ACTION: Notice.

-----------------------------------------------------------------------

SUMMARY: The Commodity Futures Trading Commission (``CFTC'' or 
``Commission'') is announcing an opportunity for public comment on the 
proposed renewal of a 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, including proposed extension of an existing 
collection of information, and to allow 60 days for public comment. 
This notice solicits comments on the renewal of the reporting 
requirement that is embedded in the final rule adopting the end-user 
exception to the Commission's swap clearing requirement.

DATES: Comments must be submitted on or before October 12, 2018.

[[Page 39992]]


ADDRESSES: You may submit comments, identified by ``OMB Control No. 
3038-0085'' by any of the following methods:
     The Agency's website, at https://comments.cftc.gov/. Follow 
the instructions for submitting comments through the website.
     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.
    Please submit your comments using only one method. 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: Melissa D'Arcy, Special Counsel, 
Division of Clearing and Risk, Commodity Futures Trading Commission, 
(202) 418-5086; email: [email protected].

SUPPLEMENTARY INFORMATION: Under the PRA, 44 U.S.C. 3501 et seq., 
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, including each proposed extension of an existing 
collection of information, before submitting the collection to OMB for 
approval. To comply with this requirement, the CFTC is publishing this 
notice of the proposed extension of the currently approved collection 
of information listed below. 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.
    Title: Rule 50.50 End-User Notification of Non-Cleared Swap (OMB 
Control No. 3038-0085). This is a request for an extension of a 
currently approved information collection.
    Abstract: Rule 50.50 specifies the requirements for eligible end-
users who elect the end-user exception from the Commission's swap 
clearing requirement, as provided under section 2(h)(7) of the 
Commodity Exchange Act (``CEA''). Rule 50.50 requires the 
counterparties to report certain information to a swap data repository 
registered with the Commission, or to the Commission directly, if one 
or more counterparties elects the end-user exception. The rule 
establishes a reporting requirement that is required in order to ensure 
compliance with the Commission's clearing requirement under section 
2(h)(1) of the CEA and is necessary in order for Commission staff to 
prevent abuse of the end-user exception under section 2(h)(1) of the 
CEA and pursuant to Rule 50.50.
    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 Sec.  145.9 of the 
Commission's regulations.\1\
---------------------------------------------------------------------------

    \1\ 17 CFR 145.9.
---------------------------------------------------------------------------

    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 
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.
    Burden Statement:
     Collection 3038-0085--Rule 50.50 End-User Notification of 
Non-Cleared Swap (17 CFR 50.50: Exceptions to the Clearing Requirement)
    The Commission is revising its estimate of the burden for this 
collection for eligible end-users electing the end-user exception. The 
Commission is increasing the estimated number of respondents from 1,092 
to 1,815 based on an observed increase in the number of entities 
electing the exception. The respondent burden for this collection is 
estimated to be as follows:
    Estimated Number of Respondents: 1,815.
    Estimated Average Burden Hours per Respondent: 0.58.
    Estimated Total Annual Burden Hours: 1,053.
    Frequency of Collection: On occasion; annually.
    There are no capital costs or operating and maintenance costs 
associated with this collection.

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

    Dated: August 8, 2018.
Christopher Kirkpatrick,
Secretary of the Commission.
[FR Doc. 2018-17337 Filed 8-10-18; 8:45 am]
 BILLING CODE 6351-01-P
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