60-Day Federal Register Notice

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Federal Register / Vol. 84, No. 163 / Thursday, August 22, 2019 / Notices

Agency Information Collection
Activities: Notice of Intent To Extend
Collection 3038–0102: Clearing
Exemption for Certain Swaps Entered
Into by Cooperatives
Commodity Futures Trading
Commission.
ACTION: Notice.
AGENCY:

SUMMARY: The Commodity Futures
Trading Commission (‘‘CFTC’’ or
‘‘Commission’’) is announcing an
opportunity for public comment on the
proposed renewal of a 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 the reporting
requirements related to permitting
certain cooperatives to elect not to clear
certain swaps that otherwise would be
required to be cleared, provided that
they meet certain conditions.
DATES: Comments must be submitted on
or before October 21, 2019.
ADDRESSES: You may submit comments,
identified by ‘‘Clearing Exemption for
Certain Swaps Entered into by
Cooperatives,’’ and OMB Control No.
3038–0102, by any of the following
methods:
• The Agency’s website, at http://
comments.cftc.gov/. Follow the
instructions for submitting comments
through the website.
• 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.
Please submit your comments using
only one method. 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.
FOR FURTHER INFORMATION CONTACT:
Melissa A. D’Arcy, Special Counsel,
Division of Clearing and Risk,
Commodity Futures Trading
Commission, Three Lafayette Centre,
1155 21st Street NW, Washington, DC
20581; (202) 418–5086; email: mdarcy@
cftc.gov.

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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,
including each proposed extension of an
existing collection of information,
before submitting the collection to OMB
for approval. To comply with this
requirement, the CFTC is publishing
notice of the proposed extension of the
currently approved collection of
information listed below.
Title: Clearing Exemption for Certain
Swaps Entered into by Cooperatives
(OMB Control No. 3038–0102). This is
a request for an extension of a currently
approved information collection.
Abstract: Section 2(h)(1)(A) of the
Commodity Exchange Act (‘‘CEA’’)
requires certain entities to submit swaps
for clearing 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
establishes a reporting requirement for
cooperatives that is critical to ensuring
compliance with the Commission’s
clearing requirement under section
2(h)(1) of the CEA and is necessary in
order for Commission staff to prevent
abuse of the cooperative exemption. In
addition, this collection relates to
information that the Commission needs
to monitor elections of the cooperative
exemption and to assess market risks.
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
SUPPLEMENTARY INFORMATION:

COMMODITY FUTURES TRADING
COMMISSION

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• 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.
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.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 Commission
is not revising its estimate of the burden
for this collection for eligible entities
electing the cooperative exemption
under Commission regulation 50.51.
The Commission anticipates that there
will continue to be approximately 25
eligible respondents and the hourly
burden will remain the same. The
respondent burden for this collection is
estimated to be as follows:
Estimated Number of Respondents:
25.
Estimated Average Burden Hours per
Respondent: 1 hour.
Estimated Total Annual Burden
Hours: 25 hours.
Frequency of Collection: On occasion;
annually.
There are no capital costs or operating
and maintenance costs associated with
this collection.
(Authority: 44 U.S.C. 3501 et seq.)
Dated: August 19, 2019.
Robert Sidman,
Deputy Secretary of the Commission.
[FR Doc. 2019–18112 Filed 8–21–19; 8:45 am]
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CFR 145.9.

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