Agency Information Collection Activities: Notice of Intent To Revise Collection 3038-0089, Swap Data Recordkeeping and Reporting Requirements: Pre-Enactment and Transition Swaps, 28511-28512 [2019-12923]

Download as PDF Federal Register / Vol. 84, No. 118 / Wednesday, June 19, 2019 / Notices COMMODITY FUTURES TRADING COMMISSION Agency Information Collection Activities: Notice of Intent To Revise Collection 3038–0089, Swap Data Recordkeeping and Reporting Requirements: Pre-Enactment and Transition Swaps 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 (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 July 19, 2019. ADDRESSES: Comments regarding the burden estimated or any other aspect of the information collection, including suggestions for reducing the burden, may be submitted directly to the Office of Information and Regulatory Affairs in OMB, within 30 days of publication of the notice, by email at OIRAsubmissions@omb.eop.gov. Please identify the comments by OMB Control No. 3038–0089. Please provide the Commission with a copy of all submitted comments at the address listed below. Please refer to OMB Reference No. 3038–0089, 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 the Commission through its website at https://comments.cftc.gov. Follow the instructions for submitting comments through the website. Comments may also be mailed to: Christopher Kirkpatrick, Secretary of the Commission, Commodity Futures Trading Commission, Three Lafayette Centre, 1155 21st Street NW, Washington, DC 20581, or by Hand Delivery/Courier at the same address. A copy of the supporting statements for the collection of information discussed above may be obtained by visiting 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 jbell on DSK3GLQ082PROD with NOTICES SUMMARY: VerDate Sep<11>2014 19:06 Jun 18, 2019 Jkt 247001 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. FOR FURTHER INFORMATION CONTACT: Meghan Tente, Division of Market Oversight, Commodity Futures Trading Commission, 1155 21st Street NW, (202) 418–5785, email: mtente@cftc.gov, and refer to OMB Control No. 3038–0089. SUPPLEMENTARY INFORMATION: An agency may not conduct or sponsor, and a person is not required to respond to, a collection of information unless it displays a currently valid OMB control number. The Federal Register notice with a 60-day comment period soliciting comments on this collection of information was published on April 12, 2019 (84 FR 14922). Title: Swap Data Recordkeeping and Reporting Requirements: Pre-Enactment and Transition Swaps (OMB Control No. 3038–0089). This is a request for extension of a currently approved information collection. Abstract: The collection of information is needed to ensure that the CFTC and other regulators have access to data regarding pre-enactment and transition swaps, as required by the Commodity Exchange Act as amended by the Dodd-Frank Wall Street Reform and Consumer Protection Act (‘‘DoddFrank Act’’). The Dodd-Frank Act directed the CFTC to adopt rules providing for the reporting of data relating to swaps entered into before the date of enactment of the Dodd-Frank Act, the terms of which had not expired as of the date of enactment of the DoddFrank Act (‘‘pre-enactment swaps’’) and data relating to swaps entered into on or after the date of enactment of the DoddFrank Act and prior to the compliance date specified in the the CFTC’s final 1 17 PO 00000 CFR 145.9. Frm 00053 Fmt 4703 Sfmt 4703 28511 swap data reporting rules (‘‘transition swaps’’). On June 12, 2012, the CFTC adopted regulation 46, which imposes recordkeeping and reporting requirements relating to pre-enactment and historical swaps. Burden Statement: Provisions of CFTC Regulations 46.2, 46.3, 46.4, 46.8, 46.10, and 46.11 result in information collection requirements within the meaning of the PRA. With respect to the ongoing reporting and recordkeeping burdens associated with pre-enactment and transition swaps, the CFTC believes that SDs, MSPs, and non-SD/MSP counterparties incur an annual timeburden of 17,328 hours. This timeburden represents a proportion of the burden responents incur to operate and maintain their swap data recordkeeping and reporting systems. 17 CFR 45 imposes swap recordkeeping and reporting requirements on respondents related to swaps that are not pre-enactment or transition swaps. The CFTC believes that respondents use the same recordkeeping and reporting systems to compy with both parts 45 and 46. The CFTC has computed the estimated burden for 17 CFR 46 by estimating the burden incurred by respondents to operate and maintain their swap data recordkeeping and reporting systems and then estimating the percentage of that burden associated with preenactment and transition swaps. Since the enactment of 17 CFR 45, the vast majority of pre-enactment and transition swaps have been terminated by the parties to the swaps or are otherwise no longer in existence. As 17 CFR 46 only requires respondents to make ongoing reports regarding pre-enactment and transition swaps that continue to be in existence, the number of reports being made pursuant to 17 CFR 46 has declined significantly over time. As the volume of reports made pursuant to 17 CFR 46 is estimated to be very small releative to the estimated volume of reports made pursuant to 17 CFR 45, the Commission’s burden estimate has allocated the vast majority of the estimated burden to operate and maintain respondents’ swap data recordkeeping and reporting systems to the burden estimate associated with 17 CFR 45. Respondents/Affected Entities: Swap Dealers, Major Swap Participants, and other counterparties to a swap transaction (i.e., end-user, non-SD/nonMSP counterparties). Estimated Number of Respondents: 30,125. Estimated Total Annual Burden on Respondents: 17,328 hours. Frequency of Collection: Ongoing. E:\FR\FM\19JNN1.SGM 19JNN1 28512 Federal Register / Vol. 84, No. 118 / Wednesday, June 19, 2019 / Notices There are no capital costs or operating and maintenance costs associated with this collection. (Authority: 44 U.S.C. 3501 et seq.) Dated: June 13, 2019. Robert Sidman, Deputy Secretary of the Commission. [FR Doc. 2019–12923 Filed 6–18–19; 8:45 am] BILLING CODE 6351–01–P CORPORATION FOR NATIONAL AND COMMUNITY SERVICE Agency Information Collection Activities; Submission to the Office of Management and Budget for Review and Approval; Comment Request; Application Package for the Grantee Progress Report (GPR) Data Collection.; Proposed Information Collection; Comment Request Corporation for National and Community Service. ACTION: Notice. AGENCY: The Corporation for National and Community Service (CNCS) has submitted a public information collection request (ICR) entitled Grantee Progress Report (GPR) Data Collection for review and approval in accordance with the Paperwork Reduction Act. DATES: Comments may be submitted, identified by the title of the information collection activity, by July 19, 2019. ADDRESSES: Comments may be submitted, identified by the title of the information collection activity, to the Office of Information and Regulatory Affairs, Attn: Ms. Sharon Mar, OMB Desk Officer for the Corporation for National and Community Service, by any of the following two methods within 30 days from the date of publication in the Federal Register: (1) By fax to: 202–395–6974, Attention: Ms. Sharon Mar, OMB Desk Officer for the Corporation for National and Community Service; or (2) By email to: smar@omb.eop.gov. FOR FURTHER INFORMATION CONTACT: Copies of this ICR, with applicable supporting documentation, may be obtained by calling the Corporation for National and Community Service, Sarah Yue, at 202–606–6894 or by email to syue@cns.gov. Individuals who use a telecommunications device for the deaf (TTY–TDD) may use our web chat for alternative communication www.NationalService.gov/contact-us. SUPPLEMENTARY INFORMATION: The OMB is particularly interested in comments which: • Evaluate whether the proposed collection of information is necessary jbell on DSK3GLQ082PROD with NOTICES SUMMARY: VerDate Sep<11>2014 19:06 Jun 18, 2019 Jkt 247001 for the proper performance of the functions of CNCS, including whether the information will have practical utility; • Evaluate the accuracy of the agency’s estimate of the burden of the proposed collection of information, including the validity of the methodology and assumptions; • Propose ways to enhance the quality, utility, and clarity of the information to be collected; and • Propose ways to minimize the burden of the 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. Comments A 60-day Notice requesting public comment was published in the Federal Register on 2/26/2019 at Vol. 84, No. 38, p. 6136–6137. This comment period ended 4/29/2019. Two (2) public comments were received from this Notice. In response to the first comment, CNCS changed ‘‘100%’’ to ‘‘the level required by policy’’ per the commentor’s suggestion. In response to the second comment, CNCS will explore potential future revisions to the member exit form or exit survey to accommodate additional member-focused indicators. Title of Collection: Grantee Progress Report (GPR) Data Collection. OMB Control Number: 3045–0175. Type of Review: Renewal. Respondents/Affected Public: Businesses and Organizations; State, Local or Tribal Governments. Total Estimated Number of Annual Responses: 300 total respondents for AmeriCorps State and National. 52 respondents each for Commission Support Grants and Commission Investment Funds. 20 respondents for Volunteer Generation Fund. Total Estimated Number of Annual Burden Hours: 4,540. Abstract: CNCS uses information collected via the Grantee Progress Reports to assess grantee progress toward meeting approved objectives; to identify areas of challenge and opportunity; to guide the allocation of training and technical assistance resources; and to compile portfolio-wide data to report to external stakeholders. CNCS seeks to continue using the currently approved information collection until the revised information collection is approved by OMB. The currently approved information collection is due to expire on April 30, 2020. PO 00000 Frm 00054 Fmt 4703 Sfmt 4703 Dated: June 5, 2019. Sarah Yue, Senior Program and Project Specialist, AmeriCorps State and National. [FR Doc. 2019–12963 Filed 6–18–19; 8:45 am] BILLING CODE 6050–28–P DEPARTMENT OF DEFENSE Department of the Army U.S. Army Science Board; Notice of Federal Advisory Committee Meeting Department of the Army, DoD. Notice of Federal Advisory Committee meeting. AGENCY: ACTION: The Department of Defense is publishing this notice to announce that the following Federal Advisory Committee meeting of the U.S. Army Science Board (ASB) will take place. DATES: Thursday, July 17, 2019. Time: 7:30 a.m.–5:00 p.m. ADDRESSES: The Arnold and Mabel Beckman Center of the National Academies of Sciences and Engineering, 100 Academy Way, Irvine, CA 92617. FOR FURTHER INFORMATION CONTACT: Ms. Heather J. Gerard, (703) 545–8652 (Voice), 571–256–3383 (Facsimile), heather.j.gerard.civ@mail.mil (Email). Mailing address is Army Science Board, 2530 Crystal Drive, Suite 7098, Arlington, VA 22202. Website: https:// asb.army.mil/. SUPPLEMENTARY INFORMATION: This meeting is being held under the provisions of the Federal Advisory Committee Act (FACA) of 1972 (5 U.S.C., Appendix, as amended), the Government in the Sunshine Act of 1976 (5 U.S.C. 552b, as amended), and 41 CFR 102–3.140 and 102–3.150. Purpose of the Meeting: The purpose of the meeting is for ASB members to review, deliberate, and vote on the findings and recommendations presented for five Fiscal Year 2019 (FY19) ASB studies. Agenda: The ASB will present findings and recommendations for deliberation on the following FY19 studies: ‘‘Reforming Talent Management in the Army’’, ‘‘Battlefield Uses of Artificial Intelligence’’, ‘‘Army Futures Command’’, and ‘‘An Independent Assessment of the U.S. Army Corps of Engineers’ (USACE) Effectiveness in Delivering the Nation’s Civil Works Program’’. The open portion of the meeting is scheduled for July 17, 2019 from 7:30 a.m. to 3:00 p.m. and will be accessible to the public and press. The study ‘‘An Independent Assessment of the Next Generation Anti-Armor SUMMARY: E:\FR\FM\19JNN1.SGM 19JNN1

Agencies

[Federal Register Volume 84, Number 118 (Wednesday, June 19, 2019)]
[Notices]
[Pages 28511-28512]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-12923]



[[Page 28511]]

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COMMODITY FUTURES TRADING COMMISSION


Agency Information Collection Activities: Notice of Intent To 
Revise Collection 3038-0089, Swap Data Recordkeeping and Reporting 
Requirements: Pre-Enactment and Transition Swaps

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 July 19, 2019.

ADDRESSES: Comments regarding the burden estimated or any other aspect 
of the information collection, including suggestions for reducing the 
burden, may be submitted directly to the Office of Information and 
Regulatory Affairs in OMB, within 30 days of publication of the notice, 
by email at [email protected]. Please identify the comments 
by OMB Control No. 3038-0089. Please provide the Commission with a copy 
of all submitted comments at the address listed below. Please refer to 
OMB Reference No. 3038-0089, 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 the Commission through its website at https://comments.cftc.gov. Follow the instructions for submitting comments 
through the website.
    Comments may also be mailed to: Christopher Kirkpatrick, Secretary 
of the Commission, Commodity Futures Trading Commission, Three 
Lafayette Centre, 1155 21st Street NW, Washington, DC 20581, or by Hand 
Delivery/Courier at the same address.
    A copy of the supporting statements for the collection of 
information discussed above may be obtained by visiting 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 
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: Meghan Tente, Division of Market 
Oversight, Commodity Futures Trading Commission, 1155 21st Street NW, 
(202) 418-5785, email: [email protected], and refer to OMB Control No. 
---------------------------------------------------------------------------
3038-0089.

SUPPLEMENTARY INFORMATION: An agency may not conduct or sponsor, and a 
person is not required to respond to, a collection of information 
unless it displays a currently valid OMB control number. The Federal 
Register notice with a 60-day comment period soliciting comments on 
this collection of information was published on April 12, 2019 (84 FR 
14922).
    Title: Swap Data Recordkeeping and Reporting Requirements: Pre-
Enactment and Transition Swaps (OMB Control No. 3038-0089). This is a 
request for extension of a currently approved information collection.
    Abstract: The collection of information is needed to ensure that 
the CFTC and other regulators have access to data regarding pre-
enactment and transition swaps, as required by the Commodity Exchange 
Act as amended by the Dodd-Frank Wall Street Reform and Consumer 
Protection Act (``Dodd-Frank Act''). The Dodd-Frank Act directed the 
CFTC to adopt rules providing for the reporting of data relating to 
swaps entered into before the date of enactment of the Dodd-Frank Act, 
the terms of which had not expired as of the date of enactment of the 
Dodd-Frank Act (``pre-enactment swaps'') and data relating to swaps 
entered into on or after the date of enactment of the Dodd-Frank Act 
and prior to the compliance date specified in the the CFTC's final swap 
data reporting rules (``transition swaps''). On June 12, 2012, the CFTC 
adopted regulation 46, which imposes recordkeeping and reporting 
requirements relating to pre-enactment and historical swaps.
    Burden Statement: Provisions of CFTC Regulations 46.2, 46.3, 46.4, 
46.8, 46.10, and 46.11 result in information collection requirements 
within the meaning of the PRA. With respect to the ongoing reporting 
and recordkeeping burdens associated with pre-enactment and transition 
swaps, the CFTC believes that SDs, MSPs, and non-SD/MSP counterparties 
incur an annual time-burden of 17,328 hours. This time-burden 
represents a proportion of the burden responents incur to operate and 
maintain their swap data recordkeeping and reporting systems.
    17 CFR 45 imposes swap recordkeeping and reporting requirements on 
respondents related to swaps that are not pre-enactment or transition 
swaps. The CFTC believes that respondents use the same recordkeeping 
and reporting systems to compy with both parts 45 and 46. The CFTC has 
computed the estimated burden for 17 CFR 46 by estimating the burden 
incurred by respondents to operate and maintain their swap data 
recordkeeping and reporting systems and then estimating the percentage 
of that burden associated with pre-enactment and transition swaps. 
Since the enactment of 17 CFR 45, the vast majority of pre-enactment 
and transition swaps have been terminated by the parties to the swaps 
or are otherwise no longer in existence. As 17 CFR 46 only requires 
respondents to make ongoing reports regarding pre-enactment and 
transition swaps that continue to be in existence, the number of 
reports being made pursuant to 17 CFR 46 has declined significantly 
over time. As the volume of reports made pursuant to 17 CFR 46 is 
estimated to be very small releative to the estimated volume of reports 
made pursuant to 17 CFR 45, the Commission's burden estimate has 
allocated the vast majority of the estimated burden to operate and 
maintain respondents' swap data recordkeeping and reporting systems to 
the burden estimate associated with 17 CFR 45.
    Respondents/Affected Entities: Swap Dealers, Major Swap 
Participants, and other counterparties to a swap transaction (i.e., 
end-user, non-SD/non-MSP counterparties).
    Estimated Number of Respondents: 30,125.
    Estimated Total Annual Burden on Respondents: 17,328 hours.
    Frequency of Collection: Ongoing.

[[Page 28512]]

    There are no capital costs or operating and maintenance costs 
associated with this collection.

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

    Dated: June 13, 2019.
Robert Sidman,
Deputy Secretary of the Commission.
[FR Doc. 2019-12923 Filed 6-18-19; 8:45 am]
BILLING CODE 6351-01-P
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