Agency Information Collection Activities Under OMB Review, 57851-57852 [2019-23568]

Download as PDF Federal Register / Vol. 84, No. 209 / Tuesday, October 29, 2019 / Notices information collection and its expected costs and burden. DATES: Comments must be submitted on or before November 29, 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 this notice’s publication, by either of the following methods. Please identify the comments by ‘‘OMB Control No. 3038– 0102.’’ • 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 (‘‘Commission’’) by any of the following methods. The copies should refer to ‘‘OMB Control No. 3038–0102.’’ • 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. A copy of the supporting statement for the collection of information discussed herein may be obtained by visiting http://RegInfo.gov. 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 1 17 CFR 145.9. VerDate Sep<11>2014 17:05 Oct 28, 2019 Jkt 250001 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: Melissa D’Arcy, Special Counsel, Division of Clearing and Risk, Commodity Futures Trading Commission, Three Lafayette Centre, 1155 21st Street NW, Washington, DC 20581; (202) 418–5086; email: mdarcy@ cftc.gov, and refer to ‘‘OMB Control No. 3038–0102.’’ SUPPLEMENTARY INFORMATION: Title: ‘‘Clearing Exemption for Certain Swaps Entered into by Cooperatives,’’ (OMB Control No. 3038–0102). This is a request for an extension of a currently approved information collection. Abstract: Section 2(h)(1)(A) of the Commodity Exchange Act requires certain entities to submit for clearing certain swaps if they are required to be cleared by the Commission. Commission regulation 50.51 permits certain cooperatives to elect not to clear certain swaps that otherwise would be required to be cleared, provided that they meet certain conditions. The rule further requires the reporting of certain information if the exemption for cooperatives is elected. This collection pertains to information the Commission needs to monitor use of the cooperative exemption and assess market risk in connection therewith. 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 August 22, 2019, 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, 84 FR 43796 (‘‘60Day Notice’’). The Commission received no substantive comments in response to the 60-Day Notice. Accordingly, the Commission continues to believe that the burden estimates published in the 60-Day Notice are appropriate. Burden Statement: The respondent burden for this collection is estimated to be as follows: Respondents/Affected Entities: Parties electing the cooperative exemption under Commission regulation 50.51. Estimated Number of Respondents: 25. Estimated Average Burden Hours per Respondent: 1 hour. PO 00000 Frm 00008 Fmt 4703 Sfmt 4703 57851 Estimated Total Annual Burden Hours: 25 hours. 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: October 24, 2019. Robert Sidman, Deputy Secretary of the Commission. [FR Doc. 2019–23569 Filed 10–28–19; 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 (‘‘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 November 29, 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 this notice’s publication by either of the following methods. Please identify the comments by ‘‘OMB Control No. 3038– 0085.’’ • 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 (‘‘Commission’’) by any of the following methods. The copies should refer to ‘‘OMB Control No. 3038–0085.’’ • By mail addressed to: Christopher Kirkpatrick, Secretary of the Commission, Commodity Futures Trading Commission, Three Lafayette Centre, 1155 21st Street NW, Washington, DC 20581; SUMMARY: E:\FR\FM\29OCN1.SGM 29OCN1 57852 Federal Register / Vol. 84, No. 209 / Tuesday, October 29, 2019 / Notices • 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. A copy of the supporting statement for the collection of information discussed herein may be obtained by visiting http://RegInfo.gov. 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 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: Melissa D’Arcy, Special Counsel, Division of Clearing and Risk, Commodity Futures Trading Commission, Three Lafayette Centre, 1155 21st Street NW, Washington, DC 20581; (202) 418–5086; email: mdarcy@ cftc.gov, and refer to ‘‘OMB Control No. 3038–0085.’’ SUPPLEMENTARY INFORMATION: Title: ‘‘Rule 50.50 End-User Notification of Non-Cleared Swap,’’ (OMB Control No. 3038–0085). This is a request for an extension and revision of a currently approved information collection. Abstract: The Dodd-Frank Wall Street Reform and Consumer Protection Act (‘‘Dodd-Frank Act’’) amended Section 2(h)(1) of the Commodity Exchange Act (‘‘CEA’’) to provide that it shall be unlawful for any person to engage in a swap unless that person submits such swap for clearing to a derivatives clearing organization if the swap is required to be cleared. However, Section 1 17 2 1,600 × . 58 hour = 928 (the estimated total annual burden hours). CFR 145.9. VerDate Sep<11>2014 17:05 Oct 28, 2019 2(h)(7) of the CEA, as added by the Dodd-Frank Act, also provides that a swap otherwise subject to the clearing requirement is eligible for an elective exception from clearing if one party to the swap is not a financial entity, is using swaps to hedge or mitigate commercial risk, and notifies the Commission, in a manner set forth by the Commission, how it generally meets its financial obligations associated with entering into non-cleared swaps (‘‘EndUser Exception’’). The Commission adopted Commission regulation 39.6 to specify requirements for electing the End-User Exception, including the reporting of certain information to a registered swap data repository (‘‘SDR’’) or the Commission. Following the publication of Commission regulation 39.6, the Commission recodified it as Commission regulation 50.50 (17 CFR 50.50). The information reported and collected under Commission regulation 50.50 is necessary as part of the overall package of swap-related information that must generally be submitted by reporting counterparties to SDRs under the Dodd-Frank Act. The Commission uses this information to assess and monitor the market participants electing the End-User Exception to the swap clearing requirement in order to prevent evasion of the clearing requirement. 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 August 22, 2019, 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, 84 FR 43795 (‘‘60Day Notice’’). The Commission received no comments in response to the 60-Day Notice. Accordingly, the Commission continues to believe that the burden estimates published in the 60-Day Notice are appropriate. Burden Statement: The respondent burden for this collection is estimated to be as follows: Respondents/Affected Entities: Eligible entities electing the End-User Exception under Commission regulation 50.50. Estimated Number of Respondents: 1,600. Estimated Average Burden Hours per Respondent: 0.58 hours. Estimated Total Annual Burden Hours: 928 hours.2 Jkt 250001 PO 00000 Frm 00009 Fmt 4703 Sfmt 4703 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: October 24, 2019. Robert Sidman, Deputy Secretary of the Commission. [FR Doc. 2019–23568 Filed 10–28–19; 8:45 am] BILLING CODE 6351–01–P COMMODITY FUTURES TRADING COMMISSION Sunshine Act Meetings 11:00 a.m., Tuesday, November 5, 2019. PLACE: Three Lafayette Centre, 1155 21st Street NW, Washington, DC, 9th Floor Commission Conference Room. STATUS: Closed. MATTERS TO BE CONSIDERED: Examinations and enforcement matters. In the event that the time, date, or location of this meeting changes, an announcement of the change, along with the new time, date, and/or place of the meeting will be posted on the Commission’s website at https:// www.cftc.gov/. CONTACT PERSON FOR MORE INFORMATION: Christopher Kirkpatrick, 202–418–5964. TIME AND DATE: Authority: 5 U.S.C. 552b. Dated: October 25, 2019. Christopher Kirkpatrick, Secretary of the Commission. [FR Doc. 2019–23688 Filed 10–25–19; 4:15 pm] BILLING CODE 6351–01–P DEPARTMENT OF DEFENSE Office of the Secretary Defense Innovation Board; Notice of Federal Advisory Committee Meeting Under Secretary of Defense for Research and Engineering, Department of Defense (DoD). ACTION: Notice of Federal Advisory Committee meeting. AGENCY: The DoD is publishing this notice to announce that the following Federal Advisory Committee meeting of the Defense Innovation Board (‘‘the Board’’) will take place. DATES: Open to the public Thursday, October 31, 2019 from 09:30 a.m. to 12:00 p.m. ADDRESSES: The meeting will be held at the Georgetown University, Rafik B. Hariri Building, Lohrfink Auditorium, SUMMARY: E:\FR\FM\29OCN1.SGM 29OCN1

Agencies

[Federal Register Volume 84, Number 209 (Tuesday, October 29, 2019)]
[Notices]
[Pages 57851-57852]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-23568]


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COMMODITY FUTURES TRADING COMMISSION


Agency Information Collection Activities Under OMB Review

AGENCY: Commodity Futures Trading Commission.

ACTION: Notice.

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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 November 29, 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 this notice's 
publication by either of the following methods. Please identify the 
comments by ``OMB Control No. 3038-0085.''
     By email addressed to: [email protected]; 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 (``Commission'') by any of the 
following methods. The copies should refer to ``OMB Control No. 3038-
0085.''
     By mail addressed to: Christopher Kirkpatrick, Secretary 
of the Commission, Commodity Futures Trading Commission, Three 
Lafayette Centre, 1155 21st Street NW, Washington, DC 20581;

[[Page 57852]]

     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.
    A copy of the supporting statement for the collection of 
information discussed herein may be obtained by visiting http://RegInfo.gov.
    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 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: Melissa D'Arcy, Special Counsel, 
Division of Clearing and Risk, Commodity Futures Trading Commission, 
Three Lafayette Centre, 1155 21st Street NW, Washington, DC 20581; 
(202) 418-5086; email: [email protected], and refer to ``OMB Control No. 
---------------------------------------------------------------------------
3038-0085.''

SUPPLEMENTARY INFORMATION: 
    Title: ``Rule 50.50 End-User Notification of Non-Cleared Swap,'' 
(OMB Control No. 3038-0085). This is a request for an extension and 
revision of a currently approved information collection.
    Abstract: The Dodd-Frank Wall Street Reform and Consumer Protection 
Act (``Dodd-Frank Act'') amended Section 2(h)(1) of the Commodity 
Exchange Act (``CEA'') to provide that it shall be unlawful for any 
person to engage in a swap unless that person submits such swap for 
clearing to a derivatives clearing organization if the swap is required 
to be cleared. However, Section 2(h)(7) of the CEA, as added by the 
Dodd-Frank Act, also provides that a swap otherwise subject to the 
clearing requirement is eligible for an elective exception from 
clearing if one party to the swap is not a financial entity, is using 
swaps to hedge or mitigate commercial risk, and notifies the 
Commission, in a manner set forth by the Commission, how it generally 
meets its financial obligations associated with entering into non-
cleared swaps (``End-User Exception'').
    The Commission adopted Commission regulation 39.6 to specify 
requirements for electing the End-User Exception, including the 
reporting of certain information to a registered swap data repository 
(``SDR'') or the Commission. Following the publication of Commission 
regulation 39.6, the Commission recodified it as Commission regulation 
50.50 (17 CFR 50.50). The information reported and collected under 
Commission regulation 50.50 is necessary as part of the overall package 
of swap-related information that must generally be submitted by 
reporting counterparties to SDRs under the Dodd-Frank Act. The 
Commission uses this information to assess and monitor the market 
participants electing the End-User Exception to the swap clearing 
requirement in order to prevent evasion of the clearing requirement. 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 August 22, 2019, 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, 84 FR 43795 (``60-Day Notice''). The Commission received no 
comments in response to the 60-Day Notice. Accordingly, the Commission 
continues to believe that the burden estimates published in the 60-Day 
Notice are appropriate.
    Burden Statement: The respondent burden for this collection is 
estimated to be as follows:
    Respondents/Affected Entities: Eligible entities electing the End-
User Exception under Commission regulation 50.50.
    Estimated Number of Respondents: 1,600.
    Estimated Average Burden Hours per Respondent: 0.58 hours.
    Estimated Total Annual Burden Hours: 928 hours.\2\
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    \2\ 1,600 x . 58 hour = 928 (the estimated total annual burden 
hours).
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    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: October 24, 2019.
Robert Sidman,
Deputy Secretary of the Commission.
[FR Doc. 2019-23568 Filed 10-28-19; 8:45 am]
 BILLING CODE 6351-01-P