Sunshine Act Meeting Notice, 13345 [2021-04801]

Download as PDF Federal Register / Vol. 86, No. 43 / Monday, March 8, 2021 / Notices jbell on DSKJLSW7X2PROD with NOTICES Proposal, in which the Commission proposed requiring derivatives clearing organization (‘‘DCO’’) counterparties to report the information as well. The frequency of the report will not change for SD/MSP reporting counterparties, but the Commission estimated SD/MSP/ DCO reporting counterparties would require more time to prepare each report. However, since all of this information is reported electronically, the Commission expected the increase per report to be small, from .003 to .004 hours per report. Since the Commission is not requiring DCO reporting counterparties to report the information, the Commission revised its estimate to .0035 hours per report. As a result, in the final rule the aggregate burden under § 45.4 was estimated to apply to 1,705 respondents, with 97,341 reports per respondent, .0035 average hours per report, and a gross annual reporting burden of 581,419 hours. Amended § 45.4 creates costs for SDRs and reporting counterparties to update systems for reporting required swap continuation data. For the Proposal, the Commission estimated SDRs and reporting counterparties would incur a one-time initial burden of 10 hours per entity to modify their systems to adopt the changes to § 45.4, for a total estimated hours burden of 17,050 hours. The cost per entity was estimated to be $722.30 for a total cost across entities of $1,231,522. The Commission additionally estimated 5 hours per entity annually to perform any needed maintenance or adjustments to reporting systems, at a cost of $361.15 per entity and $615,761 across entities. However, the Commission re-evaluated the analysis for the final rule and realized that since the costs relate to reporting certain swap data elements, they are covered in the start-up and initial costs for § 45.3 described above. To avoid double-counting, the Commission removed the estimates for § 45.4. 3. Amendments to Regulation 45.5 Amended § 45.5 creates costs for entities that were previously required to generate Unique Swap Identifiers (‘‘USIs’’) to update their systems to generate Uniform Transaction Identifiers (‘‘UTIs’’). The PRA section of the Proposal estimated that SDRs and reporting counterparties required to generate UTIs would incur a one-time initial burden of 1 hour per entity to modify their systems to adopt the changes to § 45.5, for a total estimated hours burden of 940 hours. The Commission additionally estimated 1 hour per entity annually to perform any needed maintenance or adjustments to VerDate Sep<11>2014 20:26 Mar 05, 2021 Jkt 253001 reporting systems. The related Supporting Statement filed with OMB for the Proposal estimated that the cost per entity for the one-time initial burden would be $72.23 for a total cost across entities of $67,896, and an additional cost of $72 per entity and $67,680 across entities annually to perform any needed maintenance or adjustments to reporting systems. The PRA section of the final rule did not make any changes to the Commission’s burden hour estimates for SDRs and reporting counterparties to modify their systems to adopt the changes to final § 45.5 in connection with either its estimates of either the one-time initial burden estimate or the burden of ongoing maintenance or adjustments to reporting systems. The final rule also did not change the estimated cost per entity of $72.23 per entity or a total cost across entities of $67,896 in connection with the Commission’s estimate of the one-time initial burden costs for SDRs and reporting counterparties required to generate UTIs. However, the PRA section of the final rule corrected the estimated cost per entity for ongoing maintenance or adjustment to reporting systems in the supporting statement for the Proposal from a cost of $72 per entity and $67,680 across entities to a cost of $72.23 per entity and $67,896 across entities for final § 45.5. Burden Statement: Provisions of CFTC Regulations 45.2, 45.3, 45.4, 45.5, 45.6, 45.10 and 45.14 result in information collection requirements within the meaning of the PRA. With respect to the ongoing reporting and recordkeeping burdens associated with swaps, the CFTC is revising its estimate of the burden of this collection. The Commission believes that SEFs, DCMs, DCOs, SDRs, swap dealers (‘‘SDs’’), major swap participants (‘‘MSPs’’), and non-SD/MSP/DCO counterparties incur an annual time-burden of 1,226,021 hours. This time-burden represents a proportion of the burden respondents incur to operate and maintain their swap data recordkeeping and reporting systems. The respondent burden for this collection is estimated to be as follows: Respondents/Affected Entities: SDs, MSPs, SDRs, DCMs, SEFs, and other counterparties to a swap transaction (i.e., non-SD/MSP/DCO counterparties). Estimated Number of Respondents: 1,732. Estimated Average Burden Hours per Respondent: 708. Estimated Total Annual Burden Hours: 1,226,021 hours. Frequency of Collection: Ongoing. Capital or Operating and Maintenance Costs: $51,961,428. (Authority: 44 U.S.C. 3501 et seq.) PO 00000 Frm 00067 Fmt 4703 Sfmt 4703 13345 Dated: March, 2, 2021. Robert Sidman, Deputy Secretary of the Commission. [FR Doc. 2021–04666 Filed 3–5–21; 8:45 am] BILLING CODE 6351–01–P CONSUMER PRODUCT SAFETY COMMISSION Sunshine Act Meeting Notice Friday, March 5, 2021; 10 a.m. PLACE: This meeting will be conducted by remote means. STATUS: Commission Meeting—Closed to the Public. MATTER TO BE CONSIDERED: Staff will brief the Commission on a compliance matter. TIME AND DATE: CONTACT PERSON FOR MORE INFORMATION: Alberta E. Mills, Secretary, Division of the Secretariat, Office of the General Counsel, U.S. Consumer Product Safety Commission, 4330 East-West Highway, Bethesda, MD 20814, (301) 504–7479 (Office) or 240–863–8938 (cell). Dated: March 3, 2021. Alberta E. Mills, Secretary. [FR Doc. 2021–04801 Filed 3–4–21; 11:15 am] BILLING CODE 6355–01–P DEPARTMENT OF DEFENSE Notice To Reopen Public Scoping for the Homeland Defense Radar-Hawaii Environmental Impact Statement; Correction Missile Defense Agency, Department of Defense (DoD). ACTION: Notice of intent; correction. AGENCY: The Department of Defense published a document in the Federal Register of February 26, 2021, concerning a public scoping period for the Homeland Defense Radar-Hawaii (HDR–H) Environmental Impact Statement (EIS). The document contained an incorrect web address. FOR FURTHER INFORMATION CONTACT: Patricia Toppings, 571–372–0485. SUPPLEMENTARY INFORMATION: SUMMARY: Correction In the Federal Register of Friday, February 26, 2021, in FR Doc. 2021– 03449, on page 11735, in the first column, correct the sixth line of the ‘‘For Further Information Contact’’ section to read: ‘‘https://www.mda.mil/ hdrh.html.’’ On page 11735, in the second column, correct the 19th line of the E:\FR\FM\08MRN1.SGM 08MRN1

Agencies

[Federal Register Volume 86, Number 43 (Monday, March 8, 2021)]
[Notices]
[Page 13345]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-04801]


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CONSUMER PRODUCT SAFETY COMMISSION


Sunshine Act Meeting Notice

TIME AND DATE: Friday, March 5, 2021; 10 a.m.

PLACE: This meeting will be conducted by remote means.

STATUS: Commission Meeting--Closed to the Public.

MATTER TO BE CONSIDERED: Staff will brief the Commission on a 
compliance matter.

CONTACT PERSON FOR MORE INFORMATION: Alberta E. Mills, Secretary, 
Division of the Secretariat, Office of the General Counsel, U.S. 
Consumer Product Safety Commission, 4330 East-West Highway, Bethesda, 
MD 20814, (301) 504-7479 (Office) or 240-863-8938 (cell).

    Dated: March 3, 2021.
Alberta E. Mills,
Secretary.
[FR Doc. 2021-04801 Filed 3-4-21; 11:15 am]
BILLING CODE 6355-01-P
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