60-day FRN

60-FRN - 4-29-2015.pdf

Process for Review of Swaps for Mandatory Clearing

60-day FRN

OMB: 3038-0097

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Federal Register / Vol. 80, No. 82 / Wednesday, April 29, 2015 / Notices

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[FR Doc. 2015–10051 Filed 4–28–15; 8:45 am]
BILLING CODE 3510–16–P

COMMODITY FUTURES TRADING
COMMISSION
Agency Information Collection
Activities: Notice of Intent To Renew
Collection 3038–0097, Process for
Review of Swaps for Mandatory
Clearing
Commodity Futures Trading
Commission.
ACTION: Notice.
AGENCY:

The Commodity Futures
Trading Commission (‘‘Commission’’ or
‘‘CFTC’’) is announcing an opportunity
for public comment on the proposed
collection of certain information by the
agency. Under the Paperwork Reduction
Act (‘‘PRA’’), Federal agencies are
required to publish notice in the
Federal Register concerning each
proposed collection of information,
including each proposed extension of an
existing collection of information, and
to allow 60 days for public comment.
This notice solicits comments on
reporting and recordkeeping
requirements relating to information
management requirements for
derivatives clearing organizations.
DATES: Comments must be submitted on
or before June 29, 2015.
ADDRESSES: You may submit comments,
identified by ‘‘Process for Review of
Swaps for Mandatory Clearing,’’ by any
of the following methods:
• The Agency’s Web site, at http://
comments.cftc.gov/. Follow the
instructions for submitting comments
through the Web site.
• Mail: Christopher Kirkpatrick,
Secretary of the Commission,
Commodity Futures Trading
Commission, Three Lafayette Centre,

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1155 21st Street NW., Washington, DC
20581.
• Hand Delivery/Courier: Same as
Mail above.
• Federal eRulemaking Portal: http://
www.regulations.gov. Follow the
instructions for submitting comments
through the Portal.
Please submit your comments using
only one method.
FOR FURTHER INFORMATION CONTACT:
Eileen Chotiner, Division of Clearing
and Risk, Commodity Futures Trading
Commission, Three Lafayette Centre,
1155 21st Street NW., Washington, DC
20581, (202) 418–5467; email:
[email protected], and refer to OMB
Control No. 3038–0097.
SUPPLEMENTARY INFORMATION: Under the
PRA, Federal agencies must obtain
approval from the Office of Management
and Budget (‘‘OMB’’) for each collection
of information they conduct or sponsor.
‘‘Collection of Information’’ is defined
in 44 U.S.C. 3502(3) and 5 CFR 1320.3
and includes agency requests or
requirements that members of the public
submit reports, keep records, or provide
information to a third party. Section
3506(c)(2)(A) of the PRA, 44 U.S.C.
3506(c)(2)(A), requires Federal agencies
to provide a 60-day notice in the
Federal Register concerning each
proposed collection of information,
including each proposed extension of an
existing collection of information,
before submitting the collection to OMB
for approval. To comply with this
requirement, the Commission is
publishing notice of the proposed
extension of the collection of
information listed below.
Title: Process for Review of Swaps for
Mandatory Clearing (OMB Control No.
3038–0097). This is a request for
extension of a currently approved
information collection.
Abstract: The Commodity Exchange
Act and Commission regulations require
a derivatives clearing organization
(‘‘DCO’’) that wishes to accept a swap
for clearing to be eligible to clear the
swap and to submit the swap to the
Commission for a determination as to
whether the swap is required to be
cleared. Commission Regulation 39.5
sets forth the process for these
submissions. The Commission will use
the information in this collection to
determine whether a DCO that wishes to
accept a swap for clearing is eligible to
clear the swap and whether the swap
should be required to be cleared.
With respect to the collection of
information, the CFTC invites
comments on:
• Whether the proposed collection of
information is necessary for the proper

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performance of the functions of the
Commission, including whether the
information will have a practical use;
• The accuracy of the Commission’s
estimate of the burden of the proposed
collection of information, including the
validity of the methodology and
assumptions used;
• Ways to enhance the quality,
usefulness, and clarity of the
information to be collected; and
• Ways to minimize the burden of
collection of information on those who
are to respond, including through the
use of appropriate automated electronic,
mechanical, or other technological
collection techniques or other forms of
information technology; e.g., permitting
electronic submission of responses.
All comments must be submitted in
English, or if not, accompanied by an
English translation. Comments will be
posted as received to http://
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, a petition for
confidential treatment of the exempt
information may be submitted according
to the procedures established in section
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 http://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 Information Collection
Request 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.
Burden Statement: The respondent
burden for this collection is estimated to
be 40 hours per response.
Respondents/Affected Entities:
Derivatives clearing organizations.
Estimated number of respondents: 14.
Estimated total annual burden on
respondents: 560.
Frequency of collection: Daily,
annual, and on occasion.
Authority: 44 U.S.C. 3501 et seq.
Dated: April 24, 2015.
Robert N. Sidman,
Deputy Secretary of the Commission.
[FR Doc. 2015–09994 Filed 4–28–15; 8:45 am]
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