[Federal Register Volume 83, Number 187 (Wednesday, September 26, 2018)]
[Notices]
[Pages 48603-48605]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-20949]


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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 October 26, 2018.

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. 3038-0069.''
     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 (the ``Commission'') by either of 
the following methods. The copies should refer to ``OMB Control No. 
3038-0069.''
     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

[[Page 48604]]

     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.
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    \1\ 17 CFR 145.9.

FOR FURTHER INFORMATION CONTACT: Eileen Chotiner, Senior Compliance 
Analyst, Division of Clearing and Risk, Commodity Futures Trading 
Commission, (202) 418-5467; email: [email protected], and refer to OMB 
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Control No. 3038-0069.

SUPPLEMENTARY INFORMATION: 
    Title: ``Information Management Requirements for Derivatives 
Clearing Organizations,'' (OMB Control No. 3038-0069). This is a 
request for extension and revision of a currently approved information 
collection.
    Abstract: Part 39 of the Commission's regulations establishes 
information management requirements for registered DCOs. The Commission 
will use the information in this collection to assess compliance of 
DCOs with requirements for DCOs prescribed in the Commodity Exchange 
Act and Commission regulations. 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 July 24, 
2018, 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, 83 FR 34986 (``60-Day 
Notice''). The Commission received no relevant comments on the 60-Day 
Notice.
    Burden Statement: The Commission is revising its estimate of the 
burden for this collection for 16 registered DCOs. The respondent 
burden for this collection is estimated to be as follows:
    1. Collection 3038-0069--Daily Reporting Requirements for 
Derivatives Clearing Organizations (Regulation 39.19)

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                                                                       Estimated average
 Estimated number of    Reports annually by        Total annual       number of hours per      Estimated total
 respondents per year           each                responses               response         annual burden hours
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               16                    250                   4000                    0.1                \2\ 400
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    2. Collection 3038-0069--Annual Reporting Requirement for 
Derivatives Clearing Organizations (Regulation 39.19).
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    \2\ 16 respondents x 250 annual responses per respondent = 4000 
total responses, x 0.1 hours per response = 400 total annual burden 
hours.

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                                                                       Estimated average
 Estimated number of    Reports annually by        Total annual       number of hours per      Estimated total
 respondents per year           each                responses               response         annual burden hours
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               16                      1                     16                   2606             \3\ 41,696
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    3. Event-specific reporting Requirements for Derivatives Clearing 
Organizations (Regulation 39.19).
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    \3\ 16 respondents x 1 annual response per respondent = 16 total 
responses, x 2606 hours per response = 41,696 total annual burden 
hours.

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                                                                       Estimated average
 Estimated number of    Reports annually by        Total annual       number of hours per      Estimated total
 respondents per year           each                responses               response         annual burden hours
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               16                      4                     64                    5.6              \4\ 358.4
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    4. Collection 3038-0069--Recordkeeping Requirements for Derivatives 
Clearing Organizations.
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    \4\ 16 respondents x 4 annual responses per respondent = 64 
total responses, x 5.6 hours per response = 358.4 total annual 
burden hours.

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                                                                       Estimated average
 Estimated number of    Reports annually by        Total annual       number of hours per      Estimated total
 respondents per year           each                responses               response         annual burden hours
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               16                      1                     16                    100                   1600
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[[Page 48605]]

    Respondents/Affected Entities: Derivatives clearing organizations 
(DCOs).
    Estimated annual number of respondents: 16.\5\
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    \5\ Includes 16 currently registered DCOs (an increase of 2 
since the last extension).
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    Estimated average burden hours per response: 10.\6\
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    \6\ Since burden hours vary widely within the collection (see 
above tables), this is the average of burden hours per response for 
the collection as a whole (aggregate of 2661.7 hours per response/
aggregate of 260 responses = 10.24 hours, rounded to 10).
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    Annual responses by each respondent: 256.
    Estimated total annual burden hours: 44,054.
    Frequency of Collection: Daily, annually and on occasion.
    There are no capital costs or operating and maintenance costs 
associated with this collection.

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

    Dated: September 21, 2018.
Robert Sidman,
Deputy Secretary of the Commission.
[FR Doc. 2018-20949 Filed 9-25-18; 8:45 am]
 BILLING CODE 6351-01-P