[Federal Register Volume 78, Number 9 (Monday, January 14, 2013)]
[Notices]
[Pages 2661-2662]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2013-00521]


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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 (44 U.S.C. 3501 
et seq.), 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 February 13, 2013.

ADDRESSES: Send comments regarding the burden estimated or any other 
aspect of the information collection, including suggestions for 
reducing the burden, to the addresses below. Please refer to OMB 
Control No. 3038-0091 in any correspondence.

Martin B. White, Office of the General Counsel, Commodity Futures 
Trading Commission, 1155 21st Street NW., Washington, DC 20581; and
Office of Information and Regulatory Affairs, Office of Management and 
Budget, Attention: Desk Officer for CFTC, 725 17th Street, Washington, 
DC 20503.

    Comments may also be submitted by any of the following methods:
    The agency's Web site, at http://comments.cftc.gov. Follow the 
instructions for submitting comments through the Web site.
    Mail: Sauntia Warfield, Assistant Secretary of the Commission, 
Commodity Futures Trading Commission, Three Lafayette Centre, 1155 21st 
Street NW., Washington, DC 20581.
    Hand Delivery/Courier: Same as mail above.
    Federal eRulemaking Portal: http://www.regulations.gov. Follow the 
instructions for submitting comments.
    Please submit your comments using only one method and identity that 
it is for the renewal of 3038-0091.
    All comments must be submitted in English, or if not, accompanied 
by an English translation. Comments will be posted as received to 
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\
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    \1\ See 17 CFR 145.9.

FOR FURTHER INFORMATION OR A COPY CONTACT: Martin B. White, Office of 
the General Counsel, Commodity Futures Trading Commission, 1155 21st 
Street NW., Washington, DC 20581, (202) 418-5303; FAX: (202) 418-5527; 
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email: [email protected] and refer to OMB Control No. 3038-0091.

SUPPLEMENTARY INFORMATION:
    Title: Disclosure and Retention of Certain Information Related to 
Cleared Swaps Customer Collateral (OMB Control No. 3038-0091). This is 
a request for extension of a currently approved information collection.
    Abstract: Part 22 of the Commission's regulations under the 
Commodity Exchange Act (Act) establish rules for the protection of 
customer collateral held by futures commission merchants and 
derivatives clearing organizations to serve as margin in cleared swaps 
transactions. As part of this regulatory scheme, sections 22.2(g), 
22.5(a), 22.11, 22.12, and 22.16 of these rules impose recordkeeping 
and third-party disclosure requirements on futures commission merchants 
and designated clearing organizations. In addition, section 22.13(c)(2) 
indirectly requires futures commission merchants who post excess 
collateral with designated clearing organizations to perform certain 
computations regarding such collateral, although it is not expected to 
materially affect the total paperwork burden associated with Part 22.
    The reporting and recordkeeping requirements of Part 22 constitute 
the collection of information within the meaning of the Paperwork 
Reduction Act of 1995. 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 Part 22 
rules were promulgated earlier this year and the associated collection 
of information was assigned OMB control number 3038-0091. See Final 
Rule, 77 FR 6336, 6370-71 (February 7, 2012). The Federal Register 
notice for the 60-day comment period on this renewal of a collection of 
information was published on October 2, 2012 (77 FR 60114). That notice 
included a description of the specific recordkeeping and third-party 
disclosure required by the relevant rule provisions. No comments were 
received in response to the 60-day notice.
    Burden statement: The Commission estimates the burden of this 
collection of information as follows:

                                                                  Recordkeeping Burden
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                                                            Estimated
                                            Estimated        annual       Total annual      Estimated        Estimated     Total annual    Total annual
          Regulations (17 CFR)              number of     responses per     responses    number of hours   average cost    burden-hours     burden-cost
                                            entities         entity                        per response    per response
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22.2(g)................................             100             250          25,000              0.4             $10          10,000        $250,000

[[Page 2662]]

 
22.5(a)................................             100               1             100              5               125             500          12,500
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                                                                                                  Estimated
                                                                Estimated        Estimated          annual        Estimated total      Estimated total
                    Regulations (17 CFR)                        number of        annualized     operating and   annualized start-up    annual operating
                                                                 entities      start-up cost     maintenance           costs           and maintenance
                                                                                 per entity    cost per entity                         cost per entity
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22.12......................................................             100       $750-1,500       $750-1,500      $75,000-150,000      $75,000-150,000
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                                                              Third-Party Disclosure Burden
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                                      Estimated          Annual                          Estimated        Estimated
       Regulations (17 CFR)           number of      responses per     Total annual   number of hours    average cost     Total annual     Total annual
                                       entities          entity         responses      per  response     per response     burden-hours     burden-cost
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22.16............................             100            1,000          100,000              0.2               $5           20,000         $500,000
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                                                                                                          Estimated                      Estimated total
                                                                        Estimated        Estimated          annual      Estimated total       annual
                        Regulations (17 CFR)                            number of        annualized     operating and      annualized     operating and
                                                                         entities      start-up cost     maintenance     start-up costs    maintenance
                                                                                         per entity    cost per entity                   cost per entity
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22.11..............................................................             100       $750-1,500       $750-1,500   $75,000-150,000  $75,000-150,000
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    Notes: 1. There is no reporting (in the sense of reporting 
information to the government as opposed to third-party disclosure 
to private parties) requirement or burden in connection with 
information collection under 17 CFR part 22 and Control Number 3038-
0091.
    2. In the 60-notice for this renewal of a collection of 
information, the CFTC stated that there were estimated to be no 
capital costs or operating and maintenance costs associated with 
this collection. Upon further consideration, the CFTC has determined 
that the costs associated with rules 22.11 and 22.12 are 
appropriately classified as start-up costs and operating and 
maintenance costs as those terms are used with regard to Paperwork 
Reduction Act burden estimates in the Office of Management and 
Budget regulatory information system. This reclassification does not 
alter the substance of the recordkeeping and third-party disclosure 
requirements in question or the associated total cost set forth in 
the 60-day notice.


     Dated: January 8, 2013.
Stacy D. Yochum,
Counsel to the Executive Director.
[FR Doc. 2013-00521 Filed 1-11-13; 8:45 am]
BILLING CODE 6351-01-P