30-Day Federal Register Notice

(2022) 30-day FR Notice - 3038-0104.pdf

Clearing Exemption for Swaps Between Certain Affiliated Entities

30-Day Federal Register Notice

OMB: 3038-0104

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4568

Federal Register / Vol. 87, No. 19 / Friday, January 28, 2022 / Notices

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request for an extension of a currently
approved information collection.
Abstract: On April 3, 2012 the
Commission adopted Commission
regulations 23.600 (Risk Management
Program), 23.601 (Monitoring of
Position Limits), 23.602 (Diligent
Supervision), 23.603 (Business
Continuity and Disaster Recovery),
23.606 (General Information:
Availability for Disclosure and
Inspection), and 23.607 (Antitrust
Considerations) 1 pursuant to section
4s(j) 2 of the Commodity Exchange Act
(‘‘CEA’’). The above regulations adopted
by the Commission require, among other
things, swap dealers (‘‘SD’’) 3 and major
swap participants (‘‘MSP’’) 4 to develop
a risk management program (including a
plan for business continuity and
disaster recovery and policies and
procedures designed to ensure
compliance with applicable position
limits). The Commission believes that
the information collection obligations
imposed by the above regulations are
essential to ensuring that swap dealers
and major swap participants maintain
adequate and effective risk management
programs and policies and procedures
to ensure compliance with position
limits.
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.
You should submit only information
that you wish to make available
publicly. If you wish for the
Commission to consider information
1 17 CFR 23.600, 23.601, 23.602, 23.603, 23.606,
and 23.607.
2 7 U.S.C. 6s(j).
3 For the definition of SD, see section 1a(49) of
the CEA and Commission regulation 1.3. 7 U.S.C.
1a(49) and 17 CFR 1.3.
4 For the definitions of MSP, see section 1a(33) of
the CEA and Commission regulation 1.3. 7 U.S.C.
1a(33) and 17 CFR 1.3.

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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 https://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 revising its estimate of the burden for
this collection to reflect the current
number of respondents and estimated
burden hours. The respondent burden
for this collection is estimated to be as
follows:
Estimated Number of Respondents:
107.
Estimated Average Burden Hours per
Respondent: 1,148.5 hours.
Estimated Total Annual Burden
Hours: 122,889.5 hours.
Frequency of Collection: As
applicable.
There are no capital costs or operating
and maintenance costs associated with
this collection.
(Authority: 44 U.S.C. 3501 et seq.)
Dated: January 25, 2022.
Robert Sidman,
Deputy Secretary of the Commission.
[FR Doc. 2022–01716 Filed 1–27–22; 8:45 am]
BILLING CODE 6351–01–P

COMMODITY FUTURES TRADING
COMMISSION
Agency Information Collection
Activities Under OMB Review
Commodity Futures Trading
Commission.
ACTION: Notice.
AGENCY:

In compliance with the
Paperwork Reduction Act of 1995
(‘‘PRA’’), this notice announces that the
Information Collection Request (‘‘ICR’’)
abstracted below has been forwarded to
the Office of Information and Regulatory
Affairs (‘‘OIRA’’), of the Office of
Management and Budget (‘‘OMB’’), for

SUMMARY:

5 17

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CFR 145.9.

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review and comment. The ICR describes
the nature of the information collection
and its expected costs and burden.
DATES: Comments must be submitted on
or before February 28, 2022.
ADDRESSES: Written comments and
recommendations for the proposed
information collection should be
submitted within 30 days of this
notice’s publication to OIRA, at https://
www.reginfo.gov/public/do/PRAMain.
Please find this particular information
collection by selecting ‘‘Currently under
30-day Review—Open for Public
Comments’’ or by using the website’s
search function. Comments can be
entered electronically by clicking on the
‘‘comment’’ button next to the
information collection on the ‘‘OIRA
Information Collections Under Review’’
page, or the ‘‘View ICR—Agency
Submission’’ page. A copy of the
supporting statement for the collection
of information discussed herein may be
obtained by visiting https://
www.reginfo.gov/public/do/PRAMain.
In addition to the submission of
comments to https://Reginfo.gov as
indicated above, a copy of all comments
submitted to OIRA may also be
submitted to the Commodity Futures
Trading Commission (the
‘‘Commission’’ or ‘‘CFTC’’) by clicking
on the ‘‘Submit Comment’’ box next to
the descriptive entry for OMB Control
No. 3038–0104, at https://
comments.cftc.gov/FederalRegister/
PublicInfo.aspx.
Or by either of the following methods:
• 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.
All comments must be submitted in
English, or if not, accompanied by an
English translation. Comments
submitted to the Commission should
include 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, prescreen, filter, redact, refuse or remove
any or all of your submission from
https://www.cftc.gov that it may deem to
1 17

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CFR 145.9.

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jspears on DSK121TN23PROD with NOTICES1

Federal Register / Vol. 87, No. 19 / Friday, January 28, 2022 / Notices
be inappropriate for publication, such as
obscene language. All submissions that
have been redacted or removed that
contain comments on the merits of the
ICR 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.
FOR FURTHER INFORMATION CONTACT:
Melissa A. D’Arcy, Special Counsel,
Division of Clearing and Risk,
Commodity Futures Trading
Commission, (202) 418–5086; email:
[email protected], and refer to OMB
Control No. 3038–0104.
SUPPLEMENTARY INFORMATION:
Title: Clearing Exemption for Swaps
Between Certain Affiliated Entities
(OMB Control No. 3038–0104). This is
a request for an extension of a currently
approved information collection.
Abstract: 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 50.52 permits
certain affiliated entities to elect not to
clear inter-affiliate 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
inter-affiliate exemption from clearing is
elected. The Commission will use the
information described in this collection
and reported pursuant to Commission
regulation 50.52 to monitor the use of
the inter-affiliate exemption from the
Commission’s swap clearing
requirement and to assess any potential
market risks associated with such
exemption.
An agency may not conduct or
sponsor, and a person is not required to
respond to, a collection of information
unless it displays a currently valid OMB
control number. On November 23, 2021,
the Commission published in the
Federal Register notice of the proposed
extension of this information collection
and provided 60 days for public
comment on the proposed extension, 86
FR 66537 (‘‘60-Day Notice’’) The
Commission did not receive any
relevant comments on the 60-Day
Notice.
Burden Statement: The Commission
is revising its estimate of the burden for
this collection for counterparties to
swaps between certain affiliated entities
that elect the inter-affiliate exemption
under Commission regulation 50.52.
The respondent burden for this
collection is estimated to be as follows:

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Estimated Number of Respondents:
200.
Estimated Average Burden Hours per
Respondent: 1 hour.
Estimated Total Annual Burden
Hours: 200 hours.
Frequency of Collection: Annually; on
occasion.
There are no capital costs or operating
and maintenance costs associated with
this collection.
(Authority: 44 U.S.C. 3501 et seq.)
Dated: January 25, 2022.
Robert Sidman,
Deputy Secretary of the Commission.
[FR Doc. 2022–01715 Filed 1–27–22; 8:45 am]
BILLING CODE 6351–01–P

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comments received will become public
records, including any personal
information provided. Sensitive
personal information, such as account
numbers or Social Security numbers,
should not be included.
FOR FURTHER INFORMATION CONTACT:

Documentation prepared in support of
this information collection request is
available at www.regulations.gov.
Requests for additional information
should be directed to Anthony May,
PRA Officer, at (202) 435–7278, or
email: [email protected]. If you
require this document in an alternative
electronic format, please contact CFPB_
[email protected]. Please do not
submit comments to these email boxes.
SUPPLEMENTARY INFORMATION:

BUREAU OF CONSUMER FINANCIAL
PROTECTION
[Docket No. CFPB–2022–0006]

Agency Information Collection
Activities: Comment Request
Bureau of Consumer Financial
Protection.
ACTION: Notice and request for comment.
AGENCY:

In accordance with the
Paperwork Reduction Act of 1995
(PRA), the Consumer Financial
Protection Bureau (Bureau or CFPB) is
requesting to extend the Office of
Management and Budget’s (OMB’s)
approval for an existing information
collection titled ‘‘Consumer Response
Government and Congressional Portal
Boarding Forms.’’
DATES: Written comments are
encouraged and must be received on or
before March 29, 2022 to be assured of
consideration.
ADDRESSES: You may submit comments,
identified by the title of the information
collection, OMB Control Number (see
below), and docket number (see above),
by any of the following methods:
• Federal eRulemaking Portal: http://
www.regulations.gov. Follow the
instructions for submitting comments.
• Email: [email protected].
Include Docket No. CFPB–2022–0006 in
the subject line of the email.
• Mail/Hand Delivery/Courier:
Comment Intake, Consumer Financial
Protection Bureau (Attention: PRA
Office), 1700 G Street NW, Washington,
DC 20552. Please note that due to
circumstances associated with the
COVID–19 pandemic, the Bureau
discourages the submission of
comments by mail, hand delivery, or
courier. Please note that comments
submitted after the comment period will
not be accepted. In general, all
SUMMARY:

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Title of Collection: Consumer
Response Government and
Congressional Portal Boarding Forms.
OMB Control Number: 3170–0057.
Type of Review: Extension of a
currently approved collection.
Affected Public: State, Local, and
Tribal Governments; Federal
Government.
Estimated Number of Respondents:
60.
Estimated Total Annual Burden
Hours: 14.
Abstract: Section 1013(b)(3)(A) of the
Dodd-Frank Wall Street Reform and
Consumer Protection Act (Dodd-Frank
Act or Act) requires the Bureau to
‘‘facilitate the centralized collection of,
monitoring of, and response to
consumer complaints regarding
consumer financial products or
services.’’ 1 The Act also requires the
Bureau to ‘‘share consumer complaint
information with prudential regulators,
the Federal Trade Commission, other
Federal agencies, and State agencies.’’ 2
To facilitate the collection of
complaints, the Bureau accepts
consumer complaints submitted by
members of Congress on behalf of their
constituents with the consumer’s
express written authorization for the
release of their personal information. In
furtherance of its statutory mandates
related to consumer complaints, the
Bureau uses Government and
Congressional Portal Boarding Forms
(i.e. Boarding Forms) to register users
for access to secure, web-based portals.
The Bureau has developed separate
portals for congressional users and other
government users as part of its secure
web portal offerings (the ‘‘Government
1 Codified

at 12 U.S.C. 5493(b)(3)(A).
Act section 1013(b)(3)(D), codified
at 12 U.S.C. 5493(b)(3)(D).
2 Dodd-Frank

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