[Federal Register Volume 84, Number 123 (Wednesday, June 26, 2019)]
[Notices]
[Pages 30093-30094]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-13620]
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COMMODITY FUTURES TRADING COMMISSION
Agency Information Collection Activities: Notice of Intent To
Renew Collection Number 3038-0084, Regulations Establishing and
Governing the Duties of 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 26, 2019.
ADDRESSES: Comments regarding the burden estimate or any other aspect
of
[[Page 30094]]
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 ``Regulations Establishing and Governing the Duties of Swap
Dealers and Major Swap Participants,'' OMB Control No. 3038-0084.
By email addressed to: [email protected]; or
By mail addressed to: 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 one of the
following methods. The copies should refer to ``OMB Control No. 3038-
0084.''
Through the Commission's website at https://comments.cftc.gov. Please follow the instructions for submitting
comments through the website;
By mail addressed to: Christopher Kirkpatrick, Secretary
of the Commission, Commodity Futures Trading Commission, Three
Lafayette Centre, 1155 21st Street NW, Washington, DC 20581; or
By Hand Delivery/Courier to the same address as specified
for mail.
Please submit your comments to the Commission using only one
method. 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
https://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 (FOIA), 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 https://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 applicable laws, and may be
accessible under the FOIA.
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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 23.600
(Risk Management Program), 23.601 (Monitoring of Position Limits),
23.602 (Diligent Supervision), 23.603 (Business Continuity and Disaster
Recovery) 23.606 (General Information: Availability for Disclosure and
Inspection), and 23.607 (Antitrust Considerations).
Title: Regulations Establishing and Governing the Duties of Swap
Dealers and Major Swap Participants (OMB Control No. 3038-0084). This
is a request for an extension and revision of a currently approved
information collection.
Abstract: On April 3, 2012 the Commission adopted Commission
regulations 23.600 (Risk Management Program), 23.601 (Monitoring of
Position Limits), 23.602 (Diligent Supervision), 23.603 (Business
Continuity and Disaster Recovery), 23.606 (General Information:
Availability for Disclosure and Inspection), and 23.607 (Antitrust
Considerations) \2\ pursuant to section 4s(j) \3\ of the Commodity
Exchange Act (CEA). These regulations adopted by the Commission
require, among other things, swap dealers (SD) \4\ and major swap
participants (MSP) \5\ to develop a risk management program (including
a plan for business continuity and disaster recovery and policies and
procedures designed to ensure compliance with applicable position
limits). The Commission believes that the information collection
obligations imposed by these regulations are essential to ensuring that
swap dealers and major swap participants maintain adequate and
effective risk management programs and policies and procedures to
ensure compliance with position limits. On April 10, 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 14350, (``60-Day
Notice''). The Commission did not receive any comments on the 60-Day
Notice.
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\2\ 17 CFR 23.600, 23.601, 23.602, 23.603, 23.606, and 23.607.
\3\ 7 U.S.C. 6s(j).
\4\ 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.
\5\ 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.
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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: 1,148.5.
Estimated Aggregate Burden Hours: 118,295.5.
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 21, 2019.
Christopher Kirkpatrick,
Secretary of the Commission.
[FR Doc. 2019-13620 Filed 6-25-19; 8:45 am]
BILLING CODE 6351-01-P