OMB files this comment in accordance with 5 CFR 1320.11( c ). This OMB action is not an approval to conduct or sponsor an information collection under the Paperwork Reduction Act of1995. This action has no effect on any current approvals. If OMB has assigned this ICR a new OMB Control Number, the OMB Control Number will not appear in the active inventory. For future submissions of this information collection, reference the OMB Control Number provided. Pursuant to 5 CFR 1320.11(c), OMB files this comment on this information collection request (ICR). In accordance with 5 CFR 1320, OMB is withholding approval at this time. The agency shall examine public comment in response to the NPRM and will describe in the preamble of the final rule how the agency has maximized the practical utility of the collection and minimized the burden. The next submission to OMB must include the draft final rule.
Inventory as of this Action
Requested
Previously Approved
04/30/2015
36 Months From Approved
04/30/2015
1,198
0
1,198
677,140
0
677,140
150,017,825
0
150,017,825
The proposed regulations in Part 43 impose certain recordkeeping and public reporting requirements on the following entities; swapts execution facilities ("SEFs") designed contract markets ("DCMs"); swap data repositories ("SDRs"); major swap participants ("MSPs"); swap dealers ("SDs") and to the extent that one is created, an entity that will consolidate and publish real-time swap transaction and pricing data (a "third party service provider"), to being transparency to the swaps markets.
With respect to the Block Trades, the proposed regulations seek to amend the collection of information provided for in §§ 43.4 and 43.6 to part 43 that impose certain recordkeeping and public reporting requirements on the following entities; swap execution facilities ("SEFs") designed contract markets ("DCMs"); swap data repositories ("SDRs"); major swap participants ("MSPs"); swap dealers ("SDs") and non-SDs/MSPs to consolidate and publish real-time swap transaction and pricing data to bring transparency to the swaps markets. Proposed § 43.6(g) would provide for the election to have swap transactions treated as block trade or large notional off-facility swap. Proposed §§ 43.4(d) and 43.4(h) would require public dissemination of publicly reportable swaps in other commodity asset class with a mask based on geographical detail and provide for SDRs to publicly disseminate swap transaction and pricing data with cap sizes issued by the Commission.
On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control number;
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.
3-8-12 Block Trade SUPPORTING STATEMENT.doc
Procedures to Establish Appropriate Minimum Block Sizes for Large Notional Off-Facility Swaps and Block Trades