[Federal Register Volume 83, Number 28 (Friday, February 9, 2018)]
[Notices]
[Pages 5761-5762]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-02572]


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COMMODITY FUTURES TRADING COMMISSION


Agency Information Collection Activities: Notice of Intent To 
Extend Collection 3038-0095; Large Trader Reporting for Physical 
Commodity Swaps

AGENCY: Commodity Futures Trading Commission.

ACTION: Notice.

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SUMMARY: The Commodity Futures Trading Commission (CFTC) is announcing 
an opportunity for public comment on the proposed extension of a 
collection of certain information by the agency. Under the Paperwork 
Reduction Act (``PRA''), Federal agencies are required to publish 
notice in the Federal Register concerning each proposed collection of 
information, including each proposed extension of an existing 
collection of information, and to allow 60 days for public comment. 
This notice solicits comments on the information collection 
requirements set out in part 20 of the Commission's regulations 
concerning large trader reporting for physical commodity swaps.

DATES: Comments must be submitted on or before April 10, 2018.

ADDRESSES: You may submit comments, identified by ``3038-0095'' by any 
of the following methods:
     The Agency's website, at http://comments.cftc.gov/. Follow 
the instructions for submitting comments through the website.
     Mail: Christopher Kirkpatrick, 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 through the Portal.
    Please submit your comments using only one method. 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.

FOR FURTHER INFORMATION CONTACT: Owen J. Kopon, Special Counsel, 
Division of Market Oversight, Commodity Futures Trading Commission, 
(202) 418-5360; email: [email protected].

SUPPLEMENTARY INFORMATION: Under the PRA, Federal agencies must obtain 
approval from the Office of Management and Budget (OMB) for each 
collection of information they conduct or sponsor. ``Collection of 
Information'' is defined in 44 U.S.C. 3502(3) and 5 CFR 1320.3 and 
includes agency requests or requirements that members of the public 
submit reports, keep records, or provide information to a third party. 
Section 3506(c)(2)(A) of the PRA, 44 U.S.C. 3506(c)(2)(A), requires 
Federal agencies to provide a 60-day notice in the Federal Register 
concerning each proposed collection of information before submitting 
the collection to OMB for approval. An agency may not conduct or 
sponsor, and a person is not required to respond to, a collection of 
information unless it displays a valid OMB control number. To comply 
with this requirement, the CFTC is publishing notice of the proposed 
collection of information listed below.
    Title: Large Trader Reporting for Physical Commodity Swaps, (OMB 
Control No. 3038-0095). This is a request for extension of a currently 
approved information collection.
    Abstract: Part 20 of the Commission's regulations (``Reporting 
Rules'') requires clearing organizations and any persons that are 
``reporting entities'' to file swaps position data with the Commission. 
The Reporting Rules collect clearing member reports from clearing 
organizations. The Reporting Rules also require position reports from 
reporting entities for principal and counterparty positions in cleared 
and uncleared physical commodity swaps. Reporting entities are those 
persons that are either ``clearing members'' or ``swap dealers'' that 
are otherwise not clearing members. For purposes of part 20, reporting 
parties are required to submit data on positions on a futures 
equivalent basis so as to allow the Commission to assess a trader's 
market impact across differently structured but linked derivatives 
instruments and markets. This renewal updates the total requested 
burden based on available reported data.
    With respect to the collection of information, the CFTC invites 
comments on:
     Whether the proposed collection of information is 
necessary for the proper performance of the functions of the 
Commission, including whether the information will have a practical 
use;
     The accuracy of the Commission's estimate of the burden of 
the proposed collection of information, including the validity of the 
methodology and assumptions used;
     Ways to enhance the quality, usefulness, and clarity of 
the information to be collected; and
     Ways to minimize the burden of 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; e.g., permitting 
electronic submission of responses.
    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\
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    \1\ 17 CFR 145.9.
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    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.

Burden Statement

    The annual respondent burden for this collection during the renewal 
period is estimated to be as follows:
     Estimated Number of Respondents: 4,824.
     Estimated Average Annual Burden Hours per Respondent: 
1.55.
     Estimated Total Annual Number of Responses: 56,088.

[[Page 5762]]

     Estimated Total Annual Burden Hours: 86,902.
     Type of Respondents: Respondents may include clearing 
organizations, persons that are clearing members or swap dealers that 
are reporting entities, and large swap counterparties.

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

    Dated: February 5, 2018.
Robert N. Sidman,
Deputy Secretary of the Commission.
[FR Doc. 2018-02572 Filed 2-8-18; 8:45 am]
 BILLING CODE 6351-01-P