[Federal Register Volume 84, Number 209 (Tuesday, October 29, 2019)]
[Proposed Rules]
[Pages 57831-57832]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-23595]


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COMMODITY FUTURES TRADING COMMISSION

17 CFR Parts 23, 43, 45, and 49

RIN 3038-AE32


Certain Swap Data Repository and Data Reporting Requirements

AGENCY: Commodity Futures Trading Commission.

ACTION: Extension of comment period.

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SUMMARY: On May 13, 2019, the Commodity Futures Trading Commission 
(Commission) published in the Federal Register a notice of proposed 
rulemaking (NPRM) titled Certain Swap Data Repository and Data 
Reporting Requirements. The comment period for the NPRM was originally 
scheduled to close on July 29, 2019. The Commission subsequently 
extended the comment period for 90 days to October 28, 2019. The 
Commission is further extending the comment period for this NPRM by an 
additional 90 days to January 27, 2020.

DATES: The comment period for the NPRM titled Certain Swap Data 
Repository and Data Reporting Requirements, published on May 13, 2019 
(84 FR 21044), is extended. Comments are due January 27, 2020.

ADDRESSES: You may submit comments, identified by ``Certain Swap Data 
Repository and Data Reporting Requirements'' and RIN number 3038-AE32, 
by any of the following methods:
     CFTC Comments Portal: https://comments.cftc.gov. Select 
the ``Submit Comments'' link for this rulemaking and follow the 
instructions on the Public Comment Form.
     Mail: Send to Christopher Kirkpatrick, Secretary of the 
Commission, Commodity Futures Trading Commission, Three Lafayette 
Centre, 1155 21st Street NW, Washington, DC 20581.
     Hand Delivery/Courier: Follow the same instructions as for 
mail, above.
    Please submit your comments using only one of these methods. To 
avoid possible delays with mail or in-person

[[Page 57832]]

deliveries, submissions through the CFTC Comments Portal are 
encouraged.
    All comments must be submitted in English, or if not, accompanied 
by an English translation. Comments will be posted as received to 
https://comments.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 17 CFR 145.9 of the Commission's regulations.
    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://comments.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 rulemaking 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 FOIA.

FOR FURTHER INFORMATION CONTACT: Benjamin DeMaria, Special Counsel, 
202-418-5988, [email protected] or Meghan Tente, Acting Associate 
Director, 202-418-5785, [email protected]; Division of Market Oversight, 
Data and Reporting Branch, Commodity Futures Trading Commission, Three 
Lafayette Centre, 1155 21st Street NW, Washington, DC 20581.

SUPPLEMENTARY INFORMATION: On May 13, 2019, the Commission published in 
the Federal Register an NPRM proposing amendments to certain 
regulations applicable to swap data repositories (SDRs), reporting 
counterparties, and other market participants.\1\ The proposed 
amendments would, among other things, update requirements for SDRs to 
verify swap data with reporting counterparties, update requirements to 
correct swap data errors and omissions, and update and clarify certain 
SDR operational and governance requirements.
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    \1\ Certain Swap Data Repository and Data Reporting 
Requirements, 84 FR 21044 (May 13, 2019).
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    The comment period for the NPRM was scheduled to close on July 29, 
2019. The Commission subsequently extended the comment period for the 
NPRM by an additional 90 days to October 28, 2019.\2\ At the request of 
market participants,\3\ the Commission is again extending the comment 
period for this NPRM for an additional 90 days to January 27, 2020. 
This extension of the comment period will allow interested persons 
additional time to analyze the proposal and prepare their comments.
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    \2\ Certain Swap Data Repository and Data Reporting 
Requirements; Extension of Comment Period, 84 FR 35847 (July 25, 
2019).
    \3\ See Letter from International Swaps and Derivatives 
Association and Securities Industry and Financial Markets 
Association (October 8, 2019), available at https://comments.cftc.gov/PublicComments/ViewComment.aspx?id=62212&SearchText=.
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    As stated in the NPRM,\4\ the Commission anticipates reopening or 
extending the comment period for this NPRM to coincide with the comment 
periods for the additional planned rulemakings under the Commission's 
Roadmap to Achieve High Quality Swaps Data (``Roadmap''),\5\ in order 
to provide market participants with the opportunity to comment 
collectively on all rulemakings proposed under the Roadmap. The 
Commission does not anticipate further extending the comment period for 
this NPRM in the absence of the additional Roadmap rulemakings. In the 
instance where the additional Roadmap rulemakings are not proposed 
before the expiration of the extended comment period for this NPRM, the 
Commission anticipates reopening this comment period when the remaining 
Roadmap rulemakings are proposed.
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    \4\ See 84 FR at 21045-21046.
    \5\ See CFTC Letter 17-33, Division of Market Oversight 
Announces Review of Swap Reporting Rules in Parts 43, 45, and 49 of 
Commission Regulations (July 10, 2017), available at http://www.cftc.gov/idc/groups/public/@lrlettergeneral/documents/letter/17-33.pdf; Roadmap to Achieve High Quality Swap Data, available at 
http://www.cftc.gov/idc/groups/public/@newsroom/documents/file/dmo_swapdataplan071017.pdf.

    Issued in Washington, DC, on October 24, 2019, by the 
Commission.
Robert Sidman,
Deputy Secretary of the Commission.

    Note:  The following appendix will not appear in the Code of 
Federal Regulations.

Appendix to Certain Swap Data Repository and Data Reporting 
Requirements--Commission Voting Summary

    On this matter, Chairman Tarbert and Commissioners Quintenz, 
Behnam, Stump, and Berkovitz voted in the affirmative. No 
Commissioner voted in the negative.

[FR Doc. 2019-23595 Filed 10-28-19; 8:45 am]
 BILLING CODE 6351-01-P