[Federal Register Volume 84, Number 118 (Wednesday, June 19, 2019)]
[Notices]
[Page 28510]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-12941]


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COMMODITY FUTURES TRADING COMMISSION


Agency Information Collection Activities: Notice of Intent To 
Revise Collection Numbers 3038-0087, Reporting, Recordkeeping, and 
Daily Trading Records Requirements for Swap Dealers and Major Swap 
Participants

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 July 19, 2019.

ADDRESSES: You may submit comments, identified by ``Reporting, 
Recordkeeping, and Daily Trading Records Requirements for Swap Dealers 
and Major Swap Participants,'' and Collection Number 3038-0087 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.
    Please submit your comments using only one method.
    All comments must be submitted in English, or if not, accompanied 
by an English translation. 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: Gregory Scopino, Special Counsel, 
Division of Swap Dealer and Intermediary Oversight, Commodity Futures 
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Trading Commission, (202) 418-5175; email: [email protected].

SUPPLEMENTARY INFORMATION: This notice solicits comments on the 
collections of information mandated by Commission regulations 23.201 
through 23.205 (Reporting, Recordkeeping, and Daily Trading Records 
Requirements For Swap Dealers and Major Swap Participants).
    Title: Reporting, Recordkeeping, and Daily Trading Records 
Requirements for Swap Dealers and Major Swap Participants (OMB Control 
Nos. 3038-0087). This is a request for an extension of currently 
approved information collection.
    Abstract: On April 3, 2012, the Commission adopted Commission 
regulations 23.201 through 23.205 (Reporting, Recordkeeping, and Daily 
Trading Records Requirements For Swap Dealers and Major Swap 
Participants) \2\ pursuant to sections 4s(f) \3\ and 4s(g) \4\ of the 
Commodity Exchange Act (``CEA'').\5\ Commission regulations 23.201 
through 23.205 require, among other things, swap dealers (``SD'') \6\ 
and major swap participants (``MSP'') \7\ to maintain transaction and 
position records of their swaps (including daily trading records) and 
to maintain specified business records (including records related to 
the governance and financial status of the swap dealer or major swap 
participant, complaints received by such SD or MSP and such SD or MSP's 
marketing and sales materials). They also require SDs and MSPs to 
report certain swap transaction data to swap data repositories, to 
satisfy certain real time public reporting requirements, and to 
maintain records of information reported to swap data depositories and 
for real time reporting purposes.\8\ The Commission believes that the 
information collection obligations imposed by Commission regulations 
23.201 through 23.205 are necessary to implement sections 4s(f) and 
4s(g) of the CEA, including ensuring that each SD and MSP maintains the 
required records of their business activities and an audit trail 
sufficient to conduct comprehensive and accurate trade reconstruction. 
On April 12, 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 
14921 (``60-Day Notice''). The Commission did not receive any comments 
on the 60-Day Notice.
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    \2\ 17 CFR 23.201-23.205.
    \3\ 7 U.S.C. 6s(f).
    \4\ 7 U.S.C. 6s(g).
    \5\ 77 FR 20128.
    \6\ For the definition of SD, see section 1a(49) of the CEA and 
Commission regulation 1.3. 7 U.S.C. 1a(49) and 17 CFR 1.3.
    \7\ For the definitions of MSP, see section 1a(33) of the CEA 
and Commission regulation 1.3. 7 U.S.C. 1a(33) and 17 CFR 1.3.
    \8\ See 17 CFR 23.201-23.205.
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    Burden Statement: The Commission is revising its estimate of the 
burden for this collection to reflect the current number of respondents 
and estimated burden hours. The respondent burden for this collection 
is estimated to be as follows:
    Number of Registrants: 103.
    Estimated Average Burden Hours per Registrant: 2,096.
    Estimated Aggregate Burden Hours: 215,888.
    Frequency of Recordkeeping: As applicable.
    There are no capital costs or operating and maintenance costs 
associated with this collection.

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

    Dated: June 13, 2019.
Robert Sidman,
Deputy Secretary of the Commission.
[FR Doc. 2019-12941 Filed 6-18-19; 8:45 am]
BILLING CODE 6351-01-P