30-Day Federal Register Notice

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Federal Register / Vol. 87, No. 81 / Wednesday, April 27, 2022 / Notices

the challenges that the grant application
process can pose for disadvantaged
communities, NTIA seeks to make this
process more equitable for all of its
potential applicants for the broadband
grant programs enacted in the
Infrastructure Act, including those with
limited resources and/or technical
expertise. In order to do so, NTIA
created new forms for use in the
application process which will provide
structured questions and guidance
concerning the kind of discrete and
structured data required for successful
applications. The new forms will create
greater efficiencies in the NTIA grant
program, which will likely result in
enhanced timing and information
accuracy beneficial to program
applicants. NTIA believes that a
significant number of these prospective
applicants will be Tribal governments or
other entities associated with
disadvantaged communities. NTIA
further believes that the abovediscussed new forms will offer these
applicants greater opportunities for
meaningful participation in the
Broadband programs than they would
otherwise enjoy while lessening overall
application review burdens.
Affected Public: Entities applying for
Infrastructure Act Broadband Grant
Program funding.
Frequency: Once per application.
Respondent’s Obligation: Mandatory
for entities applying for Infrastructure
Act Broadband Grant Program funding.
Legal Authority: Infrastructure
Investment and Jobs Act (Infrastructure
Act), 2021, Public Law 117–58, 135 Stat.
429.
This information collection request
may be viewed at www.reginfo.gov.
Follow the instructions to view the
Department of Commerce collections
currently under review by OMB.
Written comments and
recommendations for the proposed
information collection should be
submitted within 30 days of the
publication of this notice on the
following website www.reginfo.gov/
public/do/PRAMain. Find this
particular information collection by
selecting ‘‘Currently under 30-day
Review—Open for Public Comments’’ or
by using the search function and
entering the title of the collection.
Sheleen Dumas,
Department PRA Clearance Officer, Office of
the Chief Information Officer, Commerce
Department.
[FR Doc. 2022–08919 Filed 4–26–22; 8:45 am]
BILLING CODE 3510–60–P

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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
abstracted below has been forwarded to
the Office of Information and Regulatory
Affairs (‘‘OIRA’’), of the Office of
Management and Budget (‘‘OMB’’), for
review and comment. The information
collection request describes the nature
of the information collection and its
expected costs and burden.
DATES: Comments must be submitted on
or before May 27, 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://www.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 these
collections, 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
SUMMARY:

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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
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:
Jacob Chachkin, Associate Chief
Counsel, Market Participants Division,
Commodity Futures Trading
Commission, (202) 418–5496; email:
[email protected].
SUPPLEMENTARY INFORMATION:
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). This is a request for
an extension of currently approved
information collections.2
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
1 17

CFR 145.9.
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).
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.
2 An

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Federal Register / Vol. 87, No. 81 / Wednesday, April 27, 2022 / Notices

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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
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.
On February 23, 2022, the
Commission published in the Federal
Register notice of the proposed
extension of these information
collections and provided 60 days for
public comment on the proposed
extension, 87 FR 10175 (‘‘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 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.
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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• 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: 6,284.
Estimated Aggregate Burden Hours:
672,388.
Frequency of Recordkeeping: 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: April 22, 2022.
Robert Sidman,
Deputy Secretary of the Commission.
[FR Doc. 2022–09020 Filed 4–26–22; 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
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 May 27, 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
SUMMARY:

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24973

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. 3038–0075, 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
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:
Christopher Cummings, Special
Counsel, Market Participants Division,
Commodity Futures Trading
Commission, Three Lafayette Centre,
1155 21st Street NW, Washington, DC
1 17

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CFR 145.9.

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