60-Day Federal Register Notice

(2022) Consolidated 60-day Notice for 3038-0068, 0083, 0088 -04-27-22.pdf

Swap Documentation

60-Day Federal Register Notice

OMB: 3038-0088

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Federal Register / Vol. 87, No. 36 / Wednesday, February 23, 2022 / Notices
(Authority: 16 U.S.C. 1531 et seq.; 16 U.S.C.
742a et seq.)
Dated: February 17, 2022.
Ngagne Jafnar Gueye,
Acting Director, Office of Sustainable
Fisheries, National Marine Fisheries Service.
[FR Doc. 2022–03834 Filed 2–22–22; 8:45 am]
BILLING CODE 3510–22–P

DEPARTMENT OF COMMERCE
National Oceanic and Atmospheric
Administration
[RTID 0648–XB823]

Pacific Bluefin Tuna United States
Stakeholder Meeting; Meeting
Announcement
National Marine Fisheries
Service (NMFS), National Oceanic and
Atmospheric Administration (NOAA),
Commerce.
ACTION: Notice of public meeting.
AGENCY:

NMFS announces a public
meeting to discuss a Pacific bluefin tuna
(PBF) long-term harvest strategy. This
meeting is intended to prepare for
potential discussions at the 2022
meeting of the Joint Inter-American
Tropical Tuna Commission (IATTC)—
Western and Central Pacific Fisheries
Commission (WCPFC) Northern
Committee (NC) Working Group on a
long-term harvest strategy for PBF
fisheries across the Pacific Ocean. The
meeting topics are described under the
SUPPLEMENTARY INFORMATION section of
this notice.
DATES: The virtual meeting will be held
on April 1, 2022, from 12 p.m. to 4 p.m.
PST (or until business is concluded).
You must complete the registration
process by March 23, 2022, if you plan
to attend the meeting (see ADDRESSES).
Members of the public may submit
written comments on meeting topics or
materials to Celia Barroso at
[email protected] by March 23,
2022, and may also provide oral
comments during the virtual meeting.
ADDRESSES: If you plan to attend the
meeting, which will be held by webinar,
please register at https://forms.gle/
qQZzdp6LVXn2K9KD6. Instructions for
attending the meeting will be emailed to
meeting participants before the meeting
occurs.
FOR FURTHER INFORMATION CONTACT:
Celia Barroso, NMFS West Coast Region
at [email protected], 562–432–
1850.
SUPPLEMENTARY INFORMATION: During the
6th Meeting of the Joint IATTC–WCPFC
NC Working Group (JWG) meeting (July
27–29, 2021, Japan Time), the

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International Scientific Committee on
Tuna and Tuna-like Species in the
North Pacific Ocean (ISC) recommended
that, in order to proceed with the
development of a long-term harvest
strategy for PBF, the JWG consider
management objectives and metrics by
which to measure whether a proposed
harvest strategy will meet those
management objectives. This April 1
meeting is to prepare for anticipated
discussions at the 2022 meeting of the
JWG regarding the process and
information needed to evaluate the
effectiveness of potential harvest
strategies.
PBF U.S. Stakeholder Meeting Topic
The agenda for this meeting will be
distributed to participants in advance of
the meeting. The meeting agenda will
include a discussion on management
objectives and metrics to measure how
potential future harvest strategies for
PBF meet those objectives.
Special Accommodations
Requests for sign language
interpretation or other auxiliary aids
should be indicated when registering for
the meeting (see ADDRESSES) by March
23, 2022.
(Authority: 16 U.S.C. 951 et seq., 16 U.S.C.
1801 et seq., and 16 U.S.C. 6901 et seq.)
Dated: February 17, 2022.
Ngagne Jafnar Gueye,
Acting Director, Office of Sustainable
Fisheries, National Marine Fisheries Service.
[FR Doc. 2022–03853 Filed 2–22–22; 8:45 am]
BILLING CODE 3510–22–P

COMMODITY FUTURES TRADING
COMMISSION
Agency Information Collection
Activities: Notice of Intent To Renew
Collection Numbers 3038–0068, 3038–
0083, and 3038–0088: Confirmation,
Portfolio Reconciliation, Portfolio
Compression, and Swap Trading
Relationship Documentation
Requirements for Swap Dealers and
Major Swap Participants
Commodity Futures Trading
Commission.
ACTION: Notice.
AGENCY:

The Commodity Futures
Trading Commission (‘‘CFTC’’ or
‘‘Commission’’) is announcing an
opportunity for public comment on the
proposed renewal of three collections 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

SUMMARY:

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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 collections of
information mandated by certain
Commission regulations (Confirmation,
Portfolio Reconciliation, Portfolio
Compression, and Swap Trading
Relationship Documentation
Requirements for Swap Dealers and
Major Swap Participants).
DATES: Comments must be submitted on
or before April 25, 2022.
ADDRESSES: You may submit comments,
identified by ‘‘Confirmation, Portfolio
Reconciliation, Portfolio Compression,
and Swap Trading Relationship
Documentation Requirements for Swap
Dealers and Major Swap Participants,’’
and Collection Numbers 3038–0068,
3038–0083, and 3038–0088 by any of
the following methods:
• The Agency’s website, at https://
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
www.cftc.gov.
FOR FURTHER INFORMATION CONTACT:
Benjamin DeMaria, Special Counsel,
Market Participants Division,
Commodity Futures Trading
Commission at (202) 418–5988 or
[email protected].
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 CFTC is publishing

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Federal Register / Vol. 87, No. 36 / Wednesday, February 23, 2022 / Notices

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notice of the proposed collections of
information—treated as a consolidated
collection—listed below.1
Title: Confirmation, Portfolio
Reconciliation, Portfolio Compression,
and Swap Trading Relationship
Documentation Requirements for Swap
Dealers and Major Swap Participants
(OMB Control Nos. 3038–0068, 3038–
0083, 3038–0088).2 This is a request for
an extension of currently approved
information collections.
Abstract: On September 11, 2012 the
Commission adopted Commission
Regulations 23.500–23.505
(Confirmation, Portfolio Reconciliation,
Portfolio Compression, and Swap
Trading Relationship Documentation
Requirements for Swap Dealers and
Major Swap Participants) 3 under
sections 4s(f), (g) and (i) 4 of the
Commodity Exchange Act (‘‘CEA’’).
Commission regulations 23.500–23.505
require, among other things, that swap
dealers (‘‘SDs’’) 5 and major swap
participants (‘‘MSPs’’) 6 develop and
retain written swap trading relationship
documentation. The regulations also
establish requirements for SDs and
MSPs regarding swap confirmation,
portfolio reconciliation, and portfolio
compression. Under the regulations,
SDs and MSPs are obligated to maintain
records of the policies and procedures
required by the rules.7
1 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 conrol number. See 46 FR 63035 (Dec. 30,
1981).
2 Historically, PRA Collections 3038–0068, 3038–
0083, and 3038–0088 were renewed as a
consolidated collection. See 82 FR 6241 (Feb. 5,
2016). However, on April 1, 2019, the CFTC
published an interim final rule (‘‘IFR’’), which
allowed uncleared swaps to retain legacy status
when transferred in connection with what was, at
the time, a potential no-deal Brexit. See 84 FR
12065 (Apr. 1, 2019). As the IFR only affected the
burdens calculations in PRA collection 3038–0088,
collection 3038–0088 was considered separately
from collections 3038–0068 and 3038–0083 for
purposes of incorporating the burdens related to the
IFR. Id. Since there is no need now to separate
collection 3038–0088 for purposes of renewing
these three collections, this proposed renewal once
again will treat PRA collections 3038–0068, 3038–
0083, and 3038–0088 as a consolidated collection.
3 17 CFR 23.500–23.505.
4 7 U.S.C. 6s(f), (g) & (i).
5 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.
6 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.
7 SDs and MSPs are required to maintain all
records of policies and procedures in accordance
with Commission regulations 23.203 and, by
extension, 1.31, including policies, procedures, and
models used for eligible master netting agreements
and custody agreements that prohibit custodian of
margin from re-hypothecating, repledging, reusing,
or otherwise transferring the funds held by the
custodian. See 17 CFR 1.31 and 23.203.

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Confirmation, portfolio reconciliation,
and portfolio compression are important
post-trade processing mechanisms for
reducing risk and improving operational
efficiency. The information collection
obligations imposed by the regulations
are necessary to ensure that each SD and
MSP maintains the required records of
their business activities and an audit
trail sufficient to conduct
comprehensive and accurate trade
reconstruction. The information
collections contained in the regulations
are also essential to ensuring that SDs
and MSPs document their swaps,
reconcile their swap portfolios to
resolve discrepancies and disputes, and
wholly or partially terminate some or all
of their outstanding swaps through
regular portfolio compression exercises.
The collections of information are
mandatory.
With respect to the collections of
information, the CFTC invites
comments on:
• Whether the proposed collections of
information are 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 burdens of the proposed
collections 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 burdens 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.8
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, for reasons 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 burdens for
the collections to reflect the current
number of respondents and estimated
burden hours. The respondent burdens
for the collections are estimated to be as
follows:
• OMB Control No. 3038–0068
(Confirmation, Portfolio Reconciliation,
and Portfolio Compression
Requirements for Swap Dealers and
Major Swap Participants).
Number of Registrants: 107.
Estimated Average Burden Hours per
Registrant: 1,274.5.
Estimated Aggregate Burden Hours:
136,371.5.
Frequency of Recordkeeping: As
applicable.
• OMB Control No. 3038–0083
(Orderly Liquidation Termination
Provision in Swap Trading Relationship
Documentation for Swap Dealers and
Major Swap Participants).
Number of Registrants: 107.
Estimated Average Burden Hours per
Registrant: 270.
Estimated Aggregate Burden Hours:
28,890.
Frequency of Recordkeeping: As
applicable.
• OMB Control No. 3038–0088 (Swap
Trading Relationship Documentation
Requirements for Swap Dealers and
Major Swap Participants).
Number of Registrants: 107.
Estimated Average Burden Hours per
Registrant: 6284.
Estimated Aggregate Burden Hours:
672,388.
Frequency of Recordkeeping: As
applicable.
(Authority: 44 U.S.C. 3501 et seq.)
Dated: February 17, 2022.
Robert Sidman,
Deputy Secretary of the Commission.
[FR Doc. 2022–03829 Filed 2–22–22; 8:45 am]
BILLING CODE 6351–01–P

COUNCIL ON ENVIRONMENTAL
QUALITY
[CEQ–2022–0002]

Climate and Economic Justice
Screening Tool Beta Version
Council on Environmental
Quality.
ACTION: Request for information.
AGENCY:

The Council on
Environmental Quality is issuing this

SUMMARY:
8 17

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CFR 145.9.

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