[Federal Register Volume 90, Number 132 (Monday, July 14, 2025)]
[Notices]
[Pages 31166-31167]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2025-13125]
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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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[[Page 31167]]
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 August 13, 2025.
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 entries for OMB Control No. 3038-0070, 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: Owen J. Kopon, Division of Market
Oversight, at (202) 418-5360 or [email protected]; or Isabella Bergstein,
Division of Market Oversight, at (202) 993-1384 or [email protected],
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and refer to OMB Control No. 3038-0070.
SUPPLEMENTARY INFORMATION:
Title: ``Real-Time Public Reporting'' (OMB Control No. 3038-0070).
This is a request for revision of a currently approved information
collection.
Abstract: Pursuant to section 2(a)(13) of the Commodity Exchange
Act (``CEA''), the Commission is authorized and required to promulgate
regulations for the real-time public reporting of swap transaction and
pricing data.\2\ Part 43 of the Commission's regulations implements the
real-time public reporting rules. The collection of information is
needed to ensure that swap data repositories publicly disseminate swap
data as required by the Commodity Exchange Act, as amended by the Dodd-
Frank Wall Street Reform and Consumer Protection Act (``Dodd-Frank
Act''). The Dodd-Frank Act directed the CFTC to adopt rules providing
for the real-time public reporting and dissemination of swap data and
rules for block trades.
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\2\ 7 U.S.C. 2(a)(13)(E).
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In 2020, the Commission amended part 43 by issuing the Real-Time
Public Reporting Requirements final rule (``2020 RTR Final Rule'').\3\
The 2020 RTR Final Rule revised the method and timing of real-time
reporting and public dissemination, generally and for specific types of
swaps; the delay and anonymization of the public dissemination of block
trades and large notional trades; the standardization and validation of
real-time reporting fields; the delegation of specific authority to
Commission staff; and the clarification of specific real-time reporting
questions and common issues.\4\
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\3\ Real-Time Public Reporting Requirements, 85 FR 75422 (Nov.
25, 2020).
\4\ Id.
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On June 10, 2022, the Commission staff issued a Staff Advisory on
Reporting of Errors and Omissions in Previously Reported Data
(``Advisory''),\5\ which included a form as an Appendix (``Form''). The
Advisory specifies the format and manner for submitting information
required under regulations 45.14 and 43.3(e), and accordingly amended
Information Collection 3038-0070. Subsequently, the Commission has
updated its estimate of the burdens associated with OMB Control No.
3038-0070.
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\5\ CFTC Letter 22-06.
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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.\6\ On May 9, 2025, 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, 90 FR 19685 (``60-Day Notice''). The Commission
did not receive any relevant comments on the 60-Day Notice.
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\6\ 44 U.S.C. 3512, 5 CFR 1320.5(b)(2)(i) and 1320.8(b)(3)(vi).
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Burden Statement: Provisions of CFTC Regulations 43.3, 43.3(e),
43.4, and 43.6 result in information collection requirements within the
meaning of the PRA. With respect to the ongoing reporting and
recordkeeping burdens associated with swaps, the CFTC believes that
SDRs, SDs, MSPs, SEFs, DCMs, DCOs, and non-SD/MSP/DCO counterparties
incur an annual time-burden of 803,142 hours. This time-burden
represents a proportion of the burden respondents incur to operate and
maintain their swap data recordkeeping and reporting systems.
Respondents/Affected Entities: SDRs, SDs, MSPs, and other
counterparties to swap transaction (i.e., non-SD/MSP/DCO
counterparties).
Estimated number of respondents: 1,742.
Estimated average burden hours per respondent: 461.
Estimated total annual burden hours on respondents: 803,142.
Frequency of Collection: Ongoing.
(Authority: 44 U.S.C. 3501 et seq.)
Dated: July 10, 2025.
Robert Sidman,
Deputy Secretary of the Commission.
[FR Doc. 2025-13125 Filed 7-11-25; 8:45 am]
BILLING CODE 6351-01-P