60 Day FRN

(2017) 60 Day FRN.pd.pdf

Derivatives Clearing Organizations, General Regulations and International Standards

60 Day FRN

OMB: 3038-0081

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24688

Federal Register / Vol. 82, No. 102 / Tuesday, May 30, 2017 / Notices

determined that formal consultation
under section 7 of the ESA is not
required for this action.
National Environmental Policy Act
In compliance with NOAA policy, the
National Environmental Policy Act of
1969 (NEPA) (42 U.S.C. 4321 et seq.),
and the Council on Environmental
Quality Regulations (40 CFR parts 1500–
1508), NMFS determined the issuance
of the IHA qualifies to be categorically
excluded from further NEPA review.
This action is consistent with categories
of activities identified in CE B4 of the
Companion Manual for NOAA
Administrative Order 216–6A, which do
not individually or cumulatively have
the potential for significant impacts on
the quality of the human environment
and we have not identified any
extraordinary circumstances that would
preclude this categorical exclusion.
Authorization
NMFS has issued an IHA to the NPS
at Glacier Bay NP for the harassment of
small numbers of harbor seals incidental
to conducting monitoring and research
studies on glaucous-winged gulls within
Glacier Bay NP, Alaska provided the
previously mentioned mitigation,
monitoring, and reporting requirements
are incorporated.
Dated: May 23, 2017.
Donna S. Wieting,
Director, Office of Protected Resources,
National Marine Fisheries Service.
[FR Doc. 2017–11036 Filed 5–26–17; 8:45 am]
BILLING CODE 3510–22–P

COMMODITY FUTURES TRADING
COMMISSION
Agency Information Collection
Activities: Extension of Information
Collections Under the Dodd-Frank Act
Commodity Futures Trading
Commission.
ACTION: Notice.
AGENCY:

The Commodity Futures
Trading Commission (‘‘Commission’’ or
‘‘CFTC’’) is announcing an opportunity
for public comment on the extension of
two information collections (ICs), one
concerning the filing of an annual report
provided for in the Derivatives Clearing
Organization General Provisions and
Core Principles regulations and the
other concerning the filing of a Subpart
C Election Form and other reporting and
recordkeeping requirements provided
for in subpart C, part 39 of the
Commission Regulations. Under the
Paperwork Reduction Act (‘‘PRA’’),
Federal agencies are required to publish

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SUMMARY:

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notice in the Federal Register
concerning each proposed collection of
information, including each proposed
extension of an existing collection, and
to allow 60 days for public comment.
DATES: Comments must be submitted on
or before July 31, 2017.
ADDRESSES: You may submit comments,
identified by OMB Control No. 3038–
0081 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,
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:
Tracey Wingate, Special Counsel,
Division of Clearing and Risk,
Commodity Futures Trading
Commission, (202) 418–5318; email:
[email protected].
SUPPLEMENTARY INFORMATION: Under the
PRA, 44 U.S.C. 3501 et seq., 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
before submitting the collection to OMB
for approval. To comply with this
requirement, the CFTC is publishing
notice of the proposed collection of
information listed below.
This notice solicits comments on two
ICs contained in OMB Control No.
3038–0081: (A) The filing of an annual
report provided for in Derivatives
Clearing Organization General
Provisions and Core Principles 1 (part 39
of the Commission Regulations); and,
(B) filing of the Subpart C Election Form
1 OMB Control No. 3038–0081 is being retitled to
more accurately reflect the information collections
covered.

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provided for in subpart C, part 39 of the
Commission Regulations for DCOs that
elect to be held to the same standards
as systemically important DCOs
(‘‘SIDCOs’’) regulatory requirements
(‘‘Subpart C DCOs’’). These additional
standards are mandatory for SIDCOs
and optional for Subpart C DCOs. An
agency may not conduct or sponsor, and
a person is not required to respond to,
an information collection unless it
displays a valid OMB control number.
An explanation of the ICs and the
current burden estimates are provided
for below:
Title: Derivatives Clearing
Organizations, General Regulations and
International Standards; OMB Control
No. 3038–0081. This is a request for
extension of a currently approved OMB
Control No. 3038–0081.
Abstract:
(A) Annual report provided for in
Derivatives Clearing Organization
General Provisions and Core Principles.
Section 725(c) of the Dodd-Frank Act
amended Section 5b(c)(2) of the CEA to
allow the Commission to establish
regulatory standards for compliance
with the DCO core principles.
Accordingly, the Commission adopted a
final rule to set specific standards for
compliance with DCO Core Principles.2
The DCO Final Rule requires the
appointment of a CCO, the filing of an
annual report and adherence to certain
recordkeeping requirements.3 It also
allows the Commission to collect
information at other times as necessary.
The information collected in the annual
report pursuant to those regulations is
necessary for the Commission to
evaluate whether DCOs are complying
with Commission regulations.
(B) Subpart C Election Form and other
reporting and recordkeeping
requirements provided for in subpart C,
part 39 of the Commission Regulations.
In the Derivatives Clearing
Organizations and International
Standards final rule (SIDCO-Subpart C
DCO Final Rule),4 the Commission
adopted amendments to its regulations
2 See Derivatives Clearing Organization General
Provisions and Core Principles, 76 FR 69334
(November 8, 2011) (DCO Final Rule).
3 These DCO recordkeeping requirements and
associated costs are captured in separate proposed
rulemakings under separate OMB Control Nos.;
specifically, see Risk Management Requirements for
Derivatives Clearing Organizations; 76 FR 3698 (Jan.
20, 2011) (OMB Control No. 3038–0076);
Information Management Requirements for
Derivatives Clearing Organizations, 75 FR 78185
(Dec. 15, 2010) (OMB Control No. 3038–0069); and
Financial Resources requirements for Derivatives
Clearing Organizations, 75 FR 63113 (Oct. 14, 2010)
(OMB Control No. 3038–0066).
4 See Derivatives Clearing Organizations and
International Standards, 78 FR 72476 (December 2,
2013) (SIDCO-Subpart C DCO Final Rule).

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Federal Register / Vol. 82, No. 102 / Tuesday, May 30, 2017 / Notices
to establish additional standards for
compliance with the DCO core
principles set forth in Section 5b(c)(2) of
the CEA for SIDCOs and Subpart C
DCOs which are consistent with certain
international standards. Specifically, the
additional requirements address any
remaining gaps between the
Commission’s existing regulations and
the Principles for Financial Market
Infrastructures (‘‘PFMI’’) published by
the Committee on Payments and Market
Infrastructures and the Board of the
International Organization of Securities
Commissions.
The SIDCO-Subpart C DCO Final Rule
also established the process whereby
DCO and DCO applicants, respectively,
may elect to become Subpart C DCOs
subject to the provisions of Subpart C.
The election involves filing the Subpart
C Election Form contained in appendix
B to part 39 of the Commission’s
regulations, which involves completing
certifications, providing exhibits, and
drafting and publishing responses to the
PFMI Disclosure Framework and PFMI
Quantitative Information Disclosure, as
applicable. Additionally, the SIDCOSubpart C DCO Final Rule provides for
Commission requests for supplemental
information from those requesting
Subpart C DCO status; requires
amendments to the Subpart C Election
Form in the event that a DCO or DCO
Applicant, respectively, discovers a
material omission or error in, or if there
is a material change in, the information
provided in the Subpart C Election
Form; to submit a notice of withdrawal
to the Commission in the event the DCO
or DCO applicant determines not to seek
Subpart C DCO status prior to such
status becoming effective; and
procedures by which a Subpart C DCO
may rescind its Subpart C DCO status
after it has been permitted to take effect.

Further, each of these requirements
implies recordkeeping that would be
produced by a DCO to the Commission
on an occasional basis to demonstrate
compliance with the rules. The
information that would be collected
under in subpart C, part 39 of the
Commission Regulations is necessary
for the Commission to determine
whether a DCO meets the Subpart C
DCO standards and is likely to be able
to maintain compliance with such
standards; to evaluate whether SIDCOs
and Subpart C DCOs are complying with
Commission regulations; and to perform
risk analyses with respect to SIDCOs
and Subpart C DCOs.
With respect to the collection of
information, the CFTC invites
comments on:
• Whether the proposed collection of
information is necessary for the proper
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 § 145.9
of the Commission’s regulations.5
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 total annual
time burden for all respondents is
estimated to be 18,472 hours.
See Appendix A for an individual
breakdown for burden for annual
reports provided for in Derivatives
Clearing Organization General
Provisions and Core Principles.
See Appendix B for an individual
breakdown for burden for Subpart C
Election Form and other reporting and
recordkeeping requirements provided
for in subpart C, part 39 of the
Commission Regulations.
Authority: 44 U.S.C. 3501 et seq.
Dated: May 19, 2017.
Robert N. Sidman,
Deputy Secretary of the Commission.

Appendix A—Derivatives Clearing
Organization General Provisions and
Core Principles OMB Collection 3038–
0081

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ANNUAL REPORTING REQUIREMENTS FOR DERIVATIVES CLEARING ORGANIZATIONS

Estimated number of respondents per year

Reports
annually by
each
respondent

12 .....................................................................................................................

1

Total annual
responses

Estimated
average
number of
hours per
response

Estimated total
number of
hours of
annual burden
in fiscal year
(maximum:
12 × 80)

12

40–80

480–960

Appendix B—Subpart C Election Form
and Other Reporting and
Recordkeeping Requirements Provided
for in Subpart C, Part 39 of the
Commission Regulations OMB
Collection 3038–0081
5 17

CFR 145.9.

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Federal Register / Vol. 82, No. 102 / Tuesday, May 30, 2017 / Notices
SIDCO/SUBPART C DCO REGULATIONS—REPORTING COLLECTION
Estimated
number of
respondents
per year

Reports
annually by
each

Total annual
responses

Estimated
average
number of
hours per
response

Estimated total
number of
hours of
annual burden
in fiscal year

Certifications—Subpart C Election Form .............................
Exhibits A thru G—Subpart C Election Form ......................
Disclosure Framework Responses ......................................
Quantitative Information Disclosures ...................................
Supplemental Information ....................................................
Amendments to Subpart C Election Form ...........................
Withdrawal Notices ..............................................................
Rescission Notices ...............................................................
Written Governance Arrangements .....................................
Governance Disclosures ......................................................
Financial and Liquidity Resource Documentation ...............
Stress Test Results ..............................................................
Disclosure Framework Requirements (SIDCOs Only) ........
Disclosure Framework Requirements (Both) .......................
Quantitative Information Disclosures (SIDCOs Only) ..........
Quantitative Information Disclosures (Both) ........................
Transaction, Segregation, Portability Disclosures ...............
Efficiency and Effectiveness Review ...................................
Recovery and Wind-Down Plan ...........................................

5
5
5
5
5
5
1
1
7
7
7
7
2
7
2
7
7
7
7

1
1
1
1
5
3
1
75
1
6
1
16
1
1
1
1
2
1
1

5
5
5
5
25
15
1
75
7
42
7
112
2
7
2
7
14
7
7

25
155
200
80
45
8
2
3
200
3
120
14
200
80
80
35
35
3
480

125
775
1,000
400
1,125
120
2
225
1,400
126
840
1,568
400
560
160
245
490
21
3,360

Totals ............................................................................

........................

120

350

1,768

12,942

SIDCO/SUBPART C DCO REGULATIONS—RECORDKEEPING COLLECTION
Records to be
kept annually
by each

Total annual
responses

Estimated
average
number of
hours per
record

Estimated total
number of
hours of
annual burden
in fiscal year

Generally ..............................................................................
Liquidity Resource Due Diligence and Testing ...................
Financial and Liquidity Resources, Excluding Due Diligence ................................................................................
Generally ..............................................................................

5
7

82
4

410
28

1
10

2,050
280

7
7

4
28

28
196

10
10

280
1,960

Totals ............................................................................

........................

118

662

31

4,570

The address of the open
meeting is the Gatehouse, 8111
Gatehouse Road, Room 252A/B, Falls
Church, Virginia 22042 (registration
requested; see guidance in
SUPPLEMENTARY INFORMATION, ‘‘Meeting
Accessibility’’).
ADDRESSES:

[FR Doc. 2017–11105 Filed 5–26–17; 8:45 am]
BILLING CODE 6351–01–P

DEPARTMENT OF DEFENSE
Office of the Secretary

FOR FURTHER INFORMATION CONTACT:

Defense Health Board; Notice of
Federal Advisory Committee Meeting
Under Secretary of Defense
for Personnel and Readiness,
Department of Defense.
ACTION: Notice of Federal Advisory
Committee meeting.
ADDRESSES:

sradovich on DSK3GMQ082PROD with NOTICES

Estimated
number of
recordkeepers
per year

The Department of Defense
(DoD) is publishing this notice to
announce that the following Federal
Advisory Committee meeting of the
Defense Health Board will take place.
DATES: Open to the public Monday, June
26, 2017 from 9:15 a.m. to 12:30 p.m.
and from 1:30 p.m. to 5:00 p.m.
SUMMARY:

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CAPT Juliann Althoff, Medical Corps,
U.S. Navy, (703) 681–6653 (Voice), (703)
681–9539 (Facsimile),
[email protected] (Email).
Mailing address is 7700 Arlington
Boulevard, Suite 5101, Falls Church,
Virginia 22042. Web site: http://
www.health.mil/dhb. The most up-todate changes to the meeting agenda can
be found on the Web site.
This
meeting is being held under the
provisions of the Federal Advisory
Committee Act (FACA) of 1972 (5
U.S.C., Appendix, as amended), the
Government in the Sunshine Act of

SUPPLEMENTARY INFORMATION:

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1976 (5 U.S.C. 552b, as amended), and
41 CFR 102–3.140 and 102–3.150.
Availability of Materials for the
Meeting: Additional information,
including the agenda, is available at the
DHB Web site, http://www.health.mil/
dhb.
Purpose of the Meeting: The
Department of Defense is publishing
this notice to announce a Federal
Advisory Committee meeting of the
Defense Health Board (DHB). The DHB
provides independent advice and
recommendations to maximize the
safety and quality of, as well as access
to, health care for DoD health care
beneficiaries. The purpose of the
meeting is to provide progress updates
on specific taskings before the DHB.
Agenda: Pursuant to 5 U.S.C. 552b
and 41 CFR 102–3.140 through 102–
3.165 and subject to availability of
space, the meeting is open to the public
from 9:15 a.m. to 12:30 p.m. and from
1:30 p.m. to 5:00 p.m. on June 26, 2017.

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