Section 2(h)(1)(A) of the Commodity
Exchange Act requires certain entities to submit for clearing
certain swaps if they are required to be cleared by the Commission.
Commission regulation 50.51 permits certain cooperatives to elect
not to clear certain swaps that otherwise would be required to be
cleared, provided that they meet certain conditions. The rule
further requires the reporting of certain information if the
exemption for cooperatives is elected. This collection pertains to
information the Commission needs to monitor use of the exemption
and assess market risk in connection therewith.
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.