Agency Information Collection Activities Under OMB Review, 12233-12234 [2019-06168]

Download as PDF Federal Register / Vol. 84, No. 62 / Monday, April 1, 2019 / Notices 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 notice of the proposed collection of information listed below. Title: Regulation 16.02 Daily Trade and Supporting Data Reports (OMB Control No. 3038–0061). This is a request for extension of a currently approved information collection. Abstract: Commission Rule 16.02 requires Reporting Markets to report transaction-level trade data and related order information for each executed transaction. The Commission uses the transaction-level trade data and related order information to discharge its regulatory responsibilities, including the responsibilities to prevent market manipulations and commodity price distortions and ensure the financial integrity of its jurisdictional markets. 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 VerDate Sep<11>2014 17:22 Mar 29, 2019 Jkt 247001 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 http://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: The Commission is revising its burden estimate for this collection. The Commission estimates that up to 15 Reporting Markets could provide daily trade and supporting data reports to the Commission in the future. The CFTC believes that Reporting Markets incur an average burden of two hours to compile and submit each report made pursuant to Commission Rule 16.02. Reporting Markets submit an average of 250 reports annually. The estimated total annual time-burden for all Reporting Markets is 7,500 hours. The respondent burden for this collection is estimated to be as follows: Estimated Number of Respondents: 15. Estimated Average Burden Hours Per Respondent: 500 hours. Estimated Total Annual Burden Hours: 7,500 hours. Frequency of Collection: Daily. There are no capital costs or operating and maintenance costs associated with this collection. (Authority: 44 U.S.C. 3501 et seq.) Dated: March 26, 2019. Robert Sidman, Deputy Secretary of the Commission. [FR Doc. 2019–06153 Filed 3–29–19; 8:45 am] BILLING CODE 6351–01–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 Information Collection Request (‘‘ICR’’) abstracted below has been forwarded to the Office of Management and Budget SUMMARY: 1 PO 00000 17 CFR 145.9. Frm 00044 Fmt 4703 (‘‘OMB’’) for review and comment. The ICR describes the nature of the information collection and its expected costs and burdens. DATES: Comments must be submitted on or before May 1, 2019. 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 publication of this notice by either of the methods specified below. Please identify the comments by ‘‘OMB Control Numbers 3038–0088.’’ • By email addressed to: OIRAsubmissions@omb.eop.gov; or • By mail addressed to: 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 (‘‘Commission’’) by any of the following methods. The copies should refer to ‘‘OMB Control Numbers 3038–0088.’’ • 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 website at http://comments.cftc.gov. Please follow the instructions for submitting comments through the website. 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 http://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 http://www.cftc.gov that it may deem to be inappropriate for publication, such as 1 17 Sfmt 4703 12233 E:\FR\FM\01APN1.SGM CFR 145.9. 01APN1 12234 Federal Register / Vol. 84, No. 62 / Monday, April 1, 2019 / Notices 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 collections of information discussed herein may be obtained by visiting http://RegInfo.gov. FOR FURTHER INFORMATION CONTACT: Jacob Chachkin, Special Counsel, (202) 418–5496, jchachkin@cftc.gov, Division of Swap Dealer and Intermediary Oversight, Commodity Futures Trading Commission, 1155 21st Street NW, Washington, DC 20581, and refer to OMB Control Numbers 3038–0088. SUPPLEMENTARY INFORMATION: Titles: Confirmation, Portfolio Reconciliation, Portfolio Compression, and Swap Trading Relationship Documentation Requirements for Swap Dealers and Major Swap Participants (OMB control number 3038–0088). This is a request for revision of this currently approved information collection. Abstract: Pursuant to the authority granted to it by Section 731 of Title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act (DoddFrank Act, Pub L. No. 111–203, 124 Stat. 1376 (2010)), the Commission promulgated regulation 23.504, among others. This regulation obligates swap dealers (‘‘SDs’’) and major swap participants (‘‘MSPs’’) to develop and retain written swap trading relationship documentation, which is essential to ensuring that SDs and MSPs document their swaps. The ICRs for this regulation are included under OMB control number 3038–0088. The United Kingdom (‘‘UK’’) has provided formal notice of its intention to withdraw from the European Union (‘‘EU’’). This withdrawal may happen as soon as April 12, 2019 and may transpire without a negotiated agreement between the UK and EU (Nodeal Brexit). To the extent this event occurs, affected SDs and MSPs may be involved in transfers of certain uncleared swaps, including uncleared swaps that were entered into before the relevant compliance dates under the CFTC Margin Rule 2 or the Prudential Margin Rule and that, therefore, may not be subject to such rules, in whole or in part. The Commission is adopting an interim final rule (‘‘Final Rule’’) amending the CFTC Margin Rule such that the date used for purposes of determining whether an uncleared swap was entered into prior to an applicable compliance date will not change under the CFTC Margin Rule if the swap is transferred, and thereby amended, in accordance with the terms of the Final Rule in respect of any such transfer. In doing so, the Final Rule, subject to its requirements, allows an uncleared swap to retain its legacy status when transferred in connection with a No-deal Brexit. As a condition to the relief in the Final Rule, in certain cases, the Commission requires that the transferor of a legacy swap make certain representations to the SD or MSP that is a party to the swap in the swap trading relationship documentation relating to such transfer. The Commission proposes to revise the burden of OMB control number 3038–0088 to reflect this requirement. Burden Statement: As a condition to the relief in the Final Rule, in certain cases, the Commission requires that the transferor of a legacy swap make certain representations to the SD or MSP that is a party to the swap in the swap trading relationship documentation relating to such transfer. The Commission is revising the burden of this OMB number to reflect the inclusion of this requirement in the Final Rule. Specifically, the Commission estimates that this requirement will increase the burden under OMB control number 3038–0088 as follows: Respondents/Affected Entities: SDs and MSPs and their counterparties. Estimated Number of Respondents: 52. Estimated Total Annual Burden on Respondents: 1,404 hours. Frequency of Collection: Periodically. There are no capital costs or operating and maintenance costs associated with this collection. (Authority: 44 U.S.C. 3501 et seq.) Dated: March 26, 2019. Robert Sidman, Deputy Secretary of the Commission. [FR Doc. 2019–06168 Filed 3–29–19; 8:45 am] 2 Margin Requirements for Uncleared Swaps for Swap Dealers and Major Swap Participants, 81 FR 636 (Jan. 6, 2016) (‘‘CFTC Margin Rule’’). The CFTC Margin Rule, which became effective April 1, 2016, is codified in part 23 of the Commission’s regulations. 17 CFR 23.150–23.159, 23.161. The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency, the Farm VerDate Sep<11>2014 17:22 Mar 29, 2019 Jkt 247001 BILLING CODE 6351–01–P Credit Administration, and the Federal Housing Finance Agency published final margin requirements in November 2015. See Margin and Capital Requirements for Covered Swap Entities, 80 FR 74840 (Nov. 30, 2015) (‘‘Prudential Margin Rule’’). PO 00000 Frm 00045 Fmt 4703 Sfmt 4703 BUREAU OF CONSUMER FINANCIAL PROTECTION Agency Information Collection Activities: Notice of Office of Management and Budget Approval of Information Collection Requirements Bureau of Consumer Financial Protection. ACTION: Notice of approval of information collection requirements. AGENCY: In accordance with the Paperwork Reduction Act of 1995 (PRA), the Consumer Financial Protection Bureau (Bureau) is announcing Office of Management and Budget (OMB) approval of new and revised information collection requirements contained in a final rule published in the Federal Register on November 22, 2016, as amended on April 25, 2017 and February 13, 2018, regarding prepaid accounts under Regulations E and Z. See the SUPPLEMENTARY INFORMATION section below for additional information about each OMB approval. FOR FURTHER INFORMATION CONTACT: Documentation prepared in support of these information collection requests is available at www.reginfo.gov. Requests for additional information should be directed to Darrin King, PRA Officer, at (202) 435–9575, or email: CFPB_PRA@ cfpb.gov. If you require this document in an alternative electronic format, please contact CFPB_Accessibility@ cfpb.gov. Please do not submit comments to these email boxes. SUPPLEMENTARY INFORMATION: Under the PRA (44 U.S.C. 3501 et seq.) the Bureau may not conduct or sponsor, and, notwithstanding any other provision of law, a respondent is not required to respond to, an information collection unless it displays a currently valid OMB control number. On October 5, 2016, the Bureau issued a final rule titled ‘‘Prepaid Accounts Under the Electronic Fund Transfer Act (Regulation E) and the Truth In Lending Act (Regulation Z)’’ (2016 Final Rule).1 The Bureau subsequently amended the 2016 Final Rule twice, in 2017 and 2018.2 The 2016 Final Rule, as subsequently amended, is referred to herein as the Prepaid Accounts Rule. Pursuant to 5 CFR 1320.11(h), the Bureau submitted the 2016 Final Rule with information collection requests (ICRs) to OMB on the date the 2016 Final Rule was published SUMMARY: 1 81 FR 83934 (Nov. 22, 2016). 82 FR 18975 (Apr. 25, 2017) and 83 FR 6364 (Feb. 13, 2018). These amendments, among other things, extended the effective date of the Prepaid Accounts Rule to April 1, 2019. 2 See E:\FR\FM\01APN1.SGM 01APN1

Agencies

[Federal Register Volume 84, Number 62 (Monday, April 1, 2019)]
[Notices]
[Pages 12233-12234]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-06168]


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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 burdens.

DATES: Comments must be submitted on or before May 1, 2019.

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 publication of 
this notice by either of the methods specified below. Please identify 
the comments by ``OMB Control Numbers 3038-0088.''
     By email addressed to: [email protected]; or
     By mail addressed to: 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 (``Commission'') by any of the 
following methods. The copies should refer to ``OMB Control Numbers 
3038-0088.''
     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 website at http://comments.cftc.gov. Please follow the instructions for submitting 
comments through the website.
    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 http://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 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 http://www.cftc.gov that it may deem to be inappropriate for publication, such 
as

[[Page 12234]]

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.
---------------------------------------------------------------------------

    A copy of the supporting statements for the collections of 
information discussed herein may be obtained by visiting http://RegInfo.gov.

FOR FURTHER INFORMATION CONTACT: Jacob Chachkin, Special Counsel, (202) 
418-5496, [email protected], Division of Swap Dealer and Intermediary 
Oversight, Commodity Futures Trading Commission, 1155 21st Street NW, 
Washington, DC 20581, and refer to OMB Control Numbers 3038-0088.

SUPPLEMENTARY INFORMATION:
    Titles: Confirmation, Portfolio Reconciliation, Portfolio 
Compression, and Swap Trading Relationship Documentation Requirements 
for Swap Dealers and Major Swap Participants (OMB control number 3038-
0088). This is a request for revision of this currently approved 
information collection.
    Abstract: Pursuant to the authority granted to it by Section 731 of 
Title VII of the Dodd-Frank Wall Street Reform and Consumer Protection 
Act (Dodd-Frank Act, Pub L. No. 111-203, 124 Stat. 1376 (2010)), the 
Commission promulgated regulation 23.504, among others. This regulation 
obligates swap dealers (``SDs'') and major swap participants (``MSPs'') 
to develop and retain written swap trading relationship documentation, 
which is essential to ensuring that SDs and MSPs document their swaps. 
The ICRs for this regulation are included under OMB control number 
3038-0088.
    The United Kingdom (``UK'') has provided formal notice of its 
intention to withdraw from the European Union (``EU''). This withdrawal 
may happen as soon as April 12, 2019 and may transpire without a 
negotiated agreement between the UK and EU (No-deal Brexit). To the 
extent this event occurs, affected SDs and MSPs may be involved in 
transfers of certain uncleared swaps, including uncleared swaps that 
were entered into before the relevant compliance dates under the CFTC 
Margin Rule \2\ or the Prudential Margin Rule and that, therefore, may 
not be subject to such rules, in whole or in part.
---------------------------------------------------------------------------

    \2\ Margin Requirements for Uncleared Swaps for Swap Dealers and 
Major Swap Participants, 81 FR 636 (Jan. 6, 2016) (``CFTC Margin 
Rule''). The CFTC Margin Rule, which became effective April 1, 2016, 
is codified in part 23 of the Commission's regulations. 17 CFR 
23.150-23.159, 23.161. The Board of Governors of the Federal Reserve 
System, the Federal Deposit Insurance Corporation, the Office of the 
Comptroller of the Currency, the Farm Credit Administration, and the 
Federal Housing Finance Agency published final margin requirements 
in November 2015. See Margin and Capital Requirements for Covered 
Swap Entities, 80 FR 74840 (Nov. 30, 2015) (``Prudential Margin 
Rule'').
---------------------------------------------------------------------------

    The Commission is adopting an interim final rule (``Final Rule'') 
amending the CFTC Margin Rule such that the date used for purposes of 
determining whether an uncleared swap was entered into prior to an 
applicable compliance date will not change under the CFTC Margin Rule 
if the swap is transferred, and thereby amended, in accordance with the 
terms of the Final Rule in respect of any such transfer. In doing so, 
the Final Rule, subject to its requirements, allows an uncleared swap 
to retain its legacy status when transferred in connection with a No-
deal Brexit. As a condition to the relief in the Final Rule, in certain 
cases, the Commission requires that the transferor of a legacy swap 
make certain representations to the SD or MSP that is a party to the 
swap in the swap trading relationship documentation relating to such 
transfer. The Commission proposes to revise the burden of OMB control 
number 3038-0088 to reflect this requirement.
    Burden Statement: As a condition to the relief in the Final Rule, 
in certain cases, the Commission requires that the transferor of a 
legacy swap make certain representations to the SD or MSP that is a 
party to the swap in the swap trading relationship documentation 
relating to such transfer. The Commission is revising the burden of 
this OMB number to reflect the inclusion of this requirement in the 
Final Rule. Specifically, the Commission estimates that this 
requirement will increase the burden under OMB control number 3038-0088 
as follows:
    Respondents/Affected Entities: SDs and MSPs and their 
counterparties.
    Estimated Number of Respondents: 52.
    Estimated Total Annual Burden on Respondents: 1,404 hours.
    Frequency of Collection: Periodically.
    There are no capital costs or operating and maintenance costs 
associated with this collection.

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

    Dated: March 26, 2019.
Robert Sidman,
Deputy Secretary of the Commission.
[FR Doc. 2019-06168 Filed 3-29-19; 8:45 am]
BILLING CODE 6351-01-P