[Federal Register Volume 86, Number 72 (Friday, April 16, 2021)]
[Notices]
[Pages 20129-20130]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-07870]


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COMMODITY FUTURES TRADING COMMISSION


Agency Information Collection Activities: Notice of Intent To 
Extend Collection 3038-0074: Core Principles and Other Requirements for 
Swap Execution Facilities

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 Information and 
Regulatory Affairs (OIRA), of 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 May 17, 2021.

ADDRESSES: Written comments and recommendations for the proposed 
information collection should be submitted within 30 days of this 
notice's publication to OIRA, at https://www.reginfo.gov/public/do/PRAMain. Please find this particular information collection by 
selecting ``Currently under 30-day Review--Open for Public Comments'' 
or by using the website's search function. Comments can be entered 
electronically by clicking on the ``comment'' button next to the 
information collection on the ``OIRA Information Collections Under 
Review'' page, or the ``View ICR--Agency Submission'' page. A copy of 
the supporting statement for the collection of information discussed 
herein may be obtained by visiting https://www.reginfo.gov/public/do/PRAMain.
    In addition to the submission of comments to https://Reginfo.gov as 
indicated above, a copy of all comments submitted to OIRA may also be 
submitted to the Commodity Futures Trading Commission (the 
``Commission'' or ``CFTC'') by clicking on the ``Submit Comment'' box 
next to the descriptive entry for OMB Control No. 3038-0074, at https://comments.cftc.gov/FederalRegister/PublicInfo.aspx.
    Or by either of the following methods:
     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.
    All comments must be submitted in English, or if not, accompanied 
by an English translation. Comments submitted to the Commission should 
include 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 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 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: Roger Smith, Associate Chief Counsel, 
Division of Market Oversight, Commodity Futures Trading Commission, 
(202) 418-5344; email: [email protected]. Please refer to OMB Control No. 
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3038-0074.

SUPPLEMENTARY INFORMATION: 
    Title: Core Principles and Other Requirements for Swap Execution 
Facilities (OMB Control No. 3038-0074). This is a request for extension 
of a currently approved information collection.
    Abstract: Title VII of the Dodd-Frank Wall Street Reform and 
Consumer Protection Act (``Dodd-Frank Act'') added new section 5h to 
the Commodity Exchange Act (``CEA'') to impose requirements concerning 
the registration and operation of swap execution facilities (``SEFs''), 
which the Commission has incorporated in part 37 of its regulations. 
These information collections are needed for the Commission to ensure 
that SEFs comply with these requirements. Among other requirements, 
part 37 of the Commission's regulations imposes SEF registration 
requirements for a trading platform or system, obligates SEFs to 
provide transaction confirmations to swap counterparties, and requires 
SEFs to comply with 15 core principles. Collection 3038-0074 was 
created in response to the part 37 regulatory requirements for SEFs.
    In April 2018, the Commission published a 30-Day Notice of Intent 
to Renew Collection 3038-0074 (30-Day Renewal Notice) and stated that 
25 SEFs were registered with the Commission.\2\ However, since 
publication of the 30-Day Renewal Notice, the Commission has granted 
permanent registration to several additional SEFs, while others SEFs 
have had their registrations vacated or have been deemed dormant under 
part 40 of the Commission regulations, for a total of 21 registered 
SEFs.\3\ Therefore, on January 19, 2021,

[[Page 20130]]

the Commission published in the Federal Register notice of the proposed 
extension of this information collection, which proposed revising the 
below burden statement for OMB Control No. 3038-0074 to account for the 
decrease in the number of registered SEFs, and provided 60 days for 
public comment on the proposed extension, 86 FR 5147, (Jan. 19, 2021) 
(60-Day Renewal Notice). The Commission received four non-substantive 
comments on the 60-Day Renewal Notice.
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    \2\ 83 FR 15557 (Apr. 21, 2018).
    \3\ This includes 20 SEFs that are currently registered with the 
Commission and one dormant SEF that is in the process of filing for 
reinstatement in accordance with Commission regulation 37.3(d) and 
is currently operating under staff no-action relief. See CFTC Letter 
No. 20-29, available at https://www.cftc.gov/csl/20-29/download.
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    Burden Statement: The Commission is revising its estimate of the 
burden for this collection to account for the change in the number of 
SEFs currently registered with the Commission. The respondent burden 
for this collection is estimated to be as follows:
    Estimated Number of Respondents: 21.
    Estimated Average Burden Hours per Respondent: 21,000.
    Estimated Total Annual Burden Hours: 21,000.\4\
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    \4\ The Commission notes that collection 3038-0074 includes an 
additional 1,200 burden hours for SEF registration applicants that 
have not been affected by this amendment. Therefore, the total 
burden for this collection is 22,200 hours.
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    Frequency of Collection: 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: April 13, 2021.
Robert Sidman,
Deputy Secretary of the Commission.
[FR Doc. 2021-07870 Filed 4-15-21; 8:45 am]
BILLING CODE 6351-01-P