Registration With Alternative Compliance for Non-U.S. Derivatives Clearing Organizations, 49072-49073 [2019-20188]

Download as PDF 49072 Federal Register / Vol. 84, No. 181 / Wednesday, September 18, 2019 / Proposed Rules are exempt from registration (exempt DCOs) to clear swaps for U.S. customers under certain circumstances.2 To facilitate these proposed amdendments, the Commission also proposed to allow persons located outside of the United States to accept funds from U.S. persons to margin swaps cleared at an exempt DCO, without registering as futures commission merchants (FCMs). In addition, the Commission proposed certain amendments to the delegation provisions in part 140 of its regulations. The comment period for the supplemental NPRM closes on September 23, 2019. As requested by commenters, the Commission is extending the comment period for this supplemental NPRM by an additional 60 days.3 This extension of the comment period will allow interested persons additional time to analyze the proposal and prepare their comments. Issued in Washington, DC, on September 13, 2019, by the Commission. Robert Sidman, Deputy Secretary of the Commission. Note: The following appendix will not appear in the Code of Federal Regulations. Appendix to Exemption From Derivatives Clearing Organization Registration—Commission Voting Summary On this matter, Chairman Tarbert and Commissioners Quintenz, Behnam, and Berkovitz voted in the affirmative. No Commissioner voted in the negative. Commissioner Stump was recused from consideration of this matter. [FR Doc. 2019–20189 Filed 9–17–19; 8:45 am] BILLING CODE 6351–01–P COMMODITY FUTURES TRADING COMMISSION 17 CFR Parts 39 and 140 RIN 3038–AE87 Registration With Alternative Compliance for Non-U.S. Derivatives Clearing Organizations Commodity Futures Trading Commission. ACTION: Extension of comment period. khammond on DSKJM1Z7X2PROD with PROPOSALS AGENCY: 2 Exemption from Derivatives Clearing Organization Registration, 84 FR 35456 (July 23, 2019). 3 See Comment Letter from the Futures Industry Association, the Securities Industry and Financial Markets Association, the Intercontinental Exchange, Inc., and the Managed Funds Association (August 30, 2019), available at https://comments.cftc.gov/ PublicComments/ViewComment.aspx?id= 62171&SearchText=. VerDate Sep<11>2014 16:29 Sep 17, 2019 Jkt 247001 On July 19, 2019, the Commodity Futures Trading Commission (Commission) published in the Federal Register a notice of proposed rulemaking (NPRM) titled Registration With Alternative Compliance for Non-U.S. Derivatives Clearing Organizations. The comment period for the NPRM closes on September 17, 2019. The Commission is extending the comment period for this NPRM by an additional 60 days. DATES: The comment period for the NPRM titled Registration With Alternative Compliance for Non-U.S. Derivatives Clearing Organizations is extended through November 18, 2019. ADDRESSES: You may submit comments, identified by ‘‘Registration With Alternative Compliance for Non-U.S. Derivatives Clearing Organizations’’ and RIN number 3038–AE87, by any of the following methods: • CFTC Comments Portal: https:// comments.cftc.gov. Select the ‘‘Submit Comments’’ link for this rulemaking and follow the instructions on the Public Comment Form. • Mail: Send to Christopher Kirkpatrick, Secretary of the Commission, Commodity Futures Trading Commission, Three Lafayette Centre, 1155 21st Street NW, Washington, DC 20581. • Hand Delivery/Courier: Follow the same instructions as for Mail, above. Please submit your comments using only one of these methods. To avoid possible delays with mail or in-person deliveries, submissions through the CFTC Comments Portal are encouraged. All comments must be submitted in English, or if not, accompanied by an English translation. Comments will be posted as received to https:// comments.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 (FOIA), 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://comments.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 rulemaking will be SUMMARY: 1 17 PO 00000 CFR 145.9. Frm 00004 Fmt 4702 Sfmt 4702 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 FOIA. FOR FURTHER INFORMATION CONTACT: Eileen A. Donovan, Deputy Director, 202–418–5096, edonovan@cftc.gov; Parisa Abadi, Associate Director, 202– 418–6620, pabadi@cftc.gov; Eileen R. Chotiner, Senior Compliance Analyst, 202–418–5467, echotiner@cftc.gov; Brian Baum, Special Counsel, 202–418– 5654, bbaum@cftc.gov; August A. Imholtz III, Special Counsel, 202–418– 5140, aimholtz@cftc.gov; Abigail S. Knauff, Special Counsel, 202–418–5123, aknauff@cftc.gov; Division of Clearing and Risk, Commodity Futures Trading Commission, Three Lafayette Centre, 1155 21st Street NW, Washington, DC 20581. On July 19, 2019, the Commission published in the Federal Register an NPRM proposing amendments to its regulations that would permit derivatives clearing organizations (DCOs) organized outside of the United States that do not pose substantial risk to the U.S. financial system to register with the Commission yet comply with the core principles applicable to DCOs set forth in the Commodity Exchange Act through compliance with their home country regulatory regime, subject to certain conditions and limitations.2 The Commission also proposed certain related amendments to the delegation provisions in its regulations. The comment period for the NPRM closes on September 17, 2019. As requested by commenters, the Commission is extending the comment period for this NPRM by an additional 60 days.3 This extension of the comment period will allow interested persons additional time to analyze the proposal and prepare their comments. SUPPLEMENTARY INFORMATION: Issued in Washington, DC, on September 13, 2019, by the Commission. Robert Sidman, Deputy Secretary of the Commission. Note: The following appendix will not appear in the Code of Federal Regulations. 2 Registration With Alternative Compliance for Non-U.S. Derivatives Clearing Organizations, 84 FR 34819 (July 19, 2019). 3 See Comment Letter from the Futures Industry Association, the Securities Industry and Financial Markets Association, the Intercontinental Exchange, Inc., and the Managed Funds Association (August 30, 2019), available at https://comments.cftc.gov/ PublicComments/ViewComment.aspx?id= 62171&SearchText=. E:\FR\FM\18SEP1.SGM 18SEP1 Federal Register / Vol. 84, No. 181 / Wednesday, September 18, 2019 / Proposed Rules Appendix to Registration With Alternative Compliance for Non-U.S. Derivatives Clearing Organizations— Commission Voting Summary On this matter, Chairman Tarbert and Commissioners Quintenz, Behnam, and Berkovitz voted in the affirmative. No Commissioner voted in the negative. Commissioner Stump was recused from consideration of this matter. [FR Doc. 2019–20188 Filed 9–17–19; 8:45 am] BILLING CODE 6351–01–P DEPARTMENT OF JUSTICE 28 CFR Part 16 [CPCLO Order No. 007–2019] Privacy Act of 1974; Implementation United States Department of Justice, Federal Bureau of Investigation. ACTION: Notice of proposed rulemaking. AGENCY: The Federal Bureau of Investigation (FBI), a component of the Department of Justice (Department or DOJ), has published a notice of a modified Privacy Act system of records, ‘‘National Crime Information Center (NCIC),’’ JUSTICE/FBI–001. In this notice of proposed rulemaking, the FBI proposes to amend the existing regulations exempting the NCIC from certain provisions of the Privacy Act in order to provide greater clarity on the reasons for the exemptions, including interference with the FBI’s mission to detect, deter, and prosecute crimes and to protect the national security. Additionally, the NCIC’s current Privacy Act exemption regulations refer to alternative procedures for individuals to access their criminal history record information. However, criminal history record information is maintained in the Next Generation Identification (NGI) System, JUSTICE_FBI 009, (May 5, 2016), and therefore the access provisions for criminal history record information are more appropriately set forth in the Privacy Act exemption regulations for NGI. The alternative process for accessing criminal history record information is set forth in the Code of Federal Regulations. The amendments to the NCIC’s Privacy Act exemption regulations do not affect an individual’s ability to access his criminal history record information. The Department proposes to amend its Privacy Act regulations by amending the existing Privacy Act exemptions for records in the NCIC, as set forth below. Public comment is invited. DATES: Comments must be received by October 18, 2019. khammond on DSKJM1Z7X2PROD with PROPOSALS SUMMARY: VerDate Sep<11>2014 16:29 Sep 17, 2019 Jkt 247001 You may send comments by any of the following methods: • Email: privacy.compliance@ usdoj.gov. To ensure proper handling, please reference the CPCLO Order No. in the subject line of the message. • Fax: 202–307–0693. To ensure proper handling, please reference the CPCLO Order No. on the cover page of the fax. • Mail: United States Department of Justice, Office of Privacy and Civil Liberties, ATTN: Privacy Analyst, 145 N St. NE, Suite 8W–300, Washington, DC 20530. All comments sent via regular or express mail will be considered timely if postmarked on the day the comment period closes. To ensure proper handling, please reference the CPCLO Order No. in your correspondence. • Federal eRulemaking Portal: http:// www.regulations.gov. When submitting comments electronically, you must include the CPCLO Order No. in the subject box. Please note that the Department is requesting that electronic comments be submitted before midnight Eastern Daylight Savings Time on the day the comment period closes because http://www.regulations.gov terminates the public’s ability to submit comments at that time. Commenters in time zones other than Eastern Time may want to consider this so that their electronic comments are received. Posting of Public Comments: Please note that all comments received are considered part of the public record and made available for public inspection online at http://www.regulations.gov and in the Department’s public docket. Such information includes personal identifying information (such as your name, address, etc.) voluntarily submitted by the commenter. If you want to submit personal identifying information (such as your name, address, etc.) as part of your comment, but do not want it to be posted online or made available in the public docket, you must include the phrase PERSONAL IDENTIFYING INFORMATION in the first paragraph of your comment. You must also place all personal identifying information that you do not want posted online or made available in the public docket in the first paragraph of your comment and identify what information you want redacted. If you want to submit confidential business information as part of your comment, but do not want it to be posted online or made available in the public docket, you must include the phrase CONFIDENTIAL BUSINESS INFORMATION in the first paragraph of your comment. You must also prominently identify confidential business information to be redacted ADDRESSES: PO 00000 Frm 00005 Fmt 4702 Sfmt 4702 49073 within the comment. If a comment has so much confidential business information that it cannot be effectively redacted, all or part of that comment may not be posted online or made available in the public docket. Personal identifying information and confidential business information identified and located as set forth above will be redacted and the comment, in redacted form, may be posted online and placed in the Department’s public docket file. Please note that the Freedom of Information Act applies to all comments received. If you wish to inspect the agency’s public docket file in person by appointment, please see the FOR FURTHER INFORMATION CONTACT paragraph, below. FOR FURTHER INFORMATION CONTACT: Katherine M. Bond, Assistant General Counsel, Privacy and Civil Liberties Unit, Office of the General Counsel, FBI, 935 Pennsylvania Avenue NW, Washington, DC 20535–0001, telephone 202–324–3000. SUPPLEMENTARY INFORMATION: National Crime Information Center The FBI has established a modified Privacy Act system of records, ‘‘National Crime Information Center (NCIC),’’ JUSTICE/FBI–001. Established in 1967, the NCIC is a national criminal justice information system linking criminal (and authorized non-criminal) justice agencies located in the 50 states, the District of Columbia, U.S. territories and possessions, and selected foreign countries to facilitate the cooperative sharing of criminal justice information. The NCIC provides a system to receive and maintain information contributed by participating agencies relating to criminal justice and national security. Information maintained in the NCIC is readily accessible for authorized criminal justice purposes by authorized users via text-based queries (i.e., using names and other descriptive data). The FBI has previously published exemptions from the Privacy Act for the NCIC. See 28 CFR 16.96(g) through (i). In this notice of proposed rulemaking, the FBI proposes to amend the existing regulations exempting the NCIC from certain provisions of the Privacy Act in order to provide greater clarity on the reasons for the exemptions, including interference with the FBI’s mission to detect, deter, and prosecute crimes and to protect the national security. Executive Orders 12866 and 13563— Regulatory Review In accordance with 5 U.S.C. 552a(j) and 552a(k), this proposed action is subject to formal rulemaking procedures E:\FR\FM\18SEP1.SGM 18SEP1

Agencies

[Federal Register Volume 84, Number 181 (Wednesday, September 18, 2019)]
[Proposed Rules]
[Pages 49072-49073]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-20188]


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COMMODITY FUTURES TRADING COMMISSION

17 CFR Parts 39 and 140

RIN 3038-AE87


Registration With Alternative Compliance for Non-U.S. Derivatives 
Clearing Organizations

AGENCY: Commodity Futures Trading Commission.

ACTION: Extension of comment period.

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

SUMMARY: On July 19, 2019, the Commodity Futures Trading Commission 
(Commission) published in the Federal Register a notice of proposed 
rulemaking (NPRM) titled Registration With Alternative Compliance for 
Non-U.S. Derivatives Clearing Organizations. The comment period for the 
NPRM closes on September 17, 2019. The Commission is extending the 
comment period for this NPRM by an additional 60 days.

DATES: The comment period for the NPRM titled Registration With 
Alternative Compliance for Non-U.S. Derivatives Clearing Organizations 
is extended through November 18, 2019.

ADDRESSES: You may submit comments, identified by ``Registration With 
Alternative Compliance for Non-U.S. Derivatives Clearing 
Organizations'' and RIN number 3038-AE87, by any of the following 
methods:
     CFTC Comments Portal: https://comments.cftc.gov. Select 
the ``Submit Comments'' link for this rulemaking and follow the 
instructions on the Public Comment Form.
     Mail: Send to Christopher Kirkpatrick, Secretary of the 
Commission, Commodity Futures Trading Commission, Three Lafayette 
Centre, 1155 21st Street NW, Washington, DC 20581.
     Hand Delivery/Courier: Follow the same instructions as for 
Mail, above.
    Please submit your comments using only one of these methods. To 
avoid possible delays with mail or in-person deliveries, submissions 
through the CFTC Comments Portal are encouraged.
    All comments must be submitted in English, or if not, accompanied 
by an English translation. Comments will be posted as received to 
https://comments.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 (FOIA), 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://comments.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 rulemaking 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 FOIA.

FOR FURTHER INFORMATION CONTACT: Eileen A. Donovan, Deputy Director, 
202-418-5096, [email protected]; Parisa Abadi, Associate Director, 202-
418-6620, [email protected]; Eileen R. Chotiner, Senior Compliance 
Analyst, 202-418-5467, [email protected]; Brian Baum, Special Counsel, 
202-418-5654, [email protected]; August A. Imholtz III, Special Counsel, 
202-418-5140, [email protected]; Abigail S. Knauff, Special Counsel, 
202-418-5123, [email protected]; Division of Clearing and Risk, 
Commodity Futures Trading Commission, Three Lafayette Centre, 1155 21st 
Street NW, Washington, DC 20581.

SUPPLEMENTARY INFORMATION: On July 19, 2019, the Commission published 
in the Federal Register an NPRM proposing amendments to its regulations 
that would permit derivatives clearing organizations (DCOs) organized 
outside of the United States that do not pose substantial risk to the 
U.S. financial system to register with the Commission yet comply with 
the core principles applicable to DCOs set forth in the Commodity 
Exchange Act through compliance with their home country regulatory 
regime, subject to certain conditions and limitations.\2\ The 
Commission also proposed certain related amendments to the delegation 
provisions in its regulations. The comment period for the NPRM closes 
on September 17, 2019. As requested by commenters, the Commission is 
extending the comment period for this NPRM by an additional 60 days.\3\ 
This extension of the comment period will allow interested persons 
additional time to analyze the proposal and prepare their comments.
---------------------------------------------------------------------------

    \2\ Registration With Alternative Compliance for Non-U.S. 
Derivatives Clearing Organizations, 84 FR 34819 (July 19, 2019).
    \3\ See Comment Letter from the Futures Industry Association, 
the Securities Industry and Financial Markets Association, the 
Intercontinental Exchange, Inc., and the Managed Funds Association 
(August 30, 2019), available at https://comments.cftc.gov/PublicComments/ViewComment.aspx?id=62171&SearchText=.

    Issued in Washington, DC, on September 13, 2019, by the 
Commission.
Robert Sidman,
Deputy Secretary of the Commission.

    Note: The following appendix will not appear in the Code of 
Federal Regulations.


[[Page 49073]]



Appendix to Registration With Alternative Compliance for Non-U.S. 
Derivatives Clearing Organizations--Commission Voting Summary

    On this matter, Chairman Tarbert and Commissioners Quintenz, 
Behnam, and Berkovitz voted in the affirmative. No Commissioner 
voted in the negative. Commissioner Stump was recused from 
consideration of this matter.

[FR Doc. 2019-20188 Filed 9-17-19; 8:45 am]
 BILLING CODE 6351-01-P