30-Day Federal Register Notice

(2022) published 30-day FR Notice - 3038-0089.pdf

Swap Data Recordkeeping and Reporting Requirements: Pre-Enactment and Transition Swaps

30-Day Federal Register Notice

OMB: 3038-0089

Document [pdf]
Download: pdf | pdf
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Federal Register / Vol. 87, No. 126 / Friday, July 1, 2022 / Notices

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:
William M. Roberson, Business
Operations Branch, Commodity Futures
Trading Commission, 1155 21st Street
NW, Washington, DC 20581; phone:
(202) 418–5367; fax: (202) 418–5414;
email: [email protected].
SUPPLEMENTARY INFORMATION: 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(c) 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 Commission is
publishing notice of the proposed
collection of information listed below.
Title: Procurement Contracts (OMB
Control No. 3038–0031). This is a
request for an extension of a currently
approved information collection.
Abstract: The information collected
under this request is gathered through
the use of forms specific to a contract or
contracting action. The standard forms
are prescribed for use for non-personal
services, construction, award of
contracts and solicitations as by
agencies in connection with the
procurement of supplies, purchase and
delivery orders, specified in the Federal
Acquisition Regulations (48 CFR 1–53).
The information provided on the forms
is specific and generally does not
require additional information or
questions.
With respect to the following
collection of information, the
Commission 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;

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• 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 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.
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 revising its estimate of the burden for
this collection to reflect changed
circumstances below.
The information collection consists of
procurement activities relating to
solicitations, amendments to
solicitations, requests for quotations,
construction contracts, awards of
contracts, performance bonds, and
payment information for individuals
(vendors) or contractors engaged in
providing supplies or services.
The Commission estimates the burden
of this collection of information as
follows:
Respondents/Affected Entities:
Vendors and contractors.
Estimated number of respondents:
1,096.
Estimated burden hours per response:
2 hours.
Estimated total annual burden on
respondents: 2,192 hours.
Frequency of responses: Annually.

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There are no capital costs or operating
and maintenance costs associated with
this collection.
(Authority: 44 U.S.C. 3501 et seq.)
Dated: June 27, 2022.
Robert Sidman,
Deputy Secretary of the Commission.
[FR Doc. 2022–14087 Filed 6–30–22; 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 August 1, 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. 3038–0089, at https://
comments.cftc.gov/FederalRegister/
PublicInfo.aspx.
Or by either of the following methods:
SUMMARY:

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khammond on DSKJM1Z7X2PROD with NOTICES

Federal Register / Vol. 87, No. 126 / Friday, July 1, 2022 / Notices
• 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:
Isabella Bergstein, Attorney Adviser,
Division of Data Policy, Commodity
Futures Trading Commission, Three
Lafayette Centre, 1155 21st Street NW,
Washington, DC 20581; (202) 993–1384;
email: [email protected].
SUPPLEMENTARY INFORMATION:
Title: Swap Data Recordkeeping and
Reporting Requirements: Reenactment
and Transition Swaps (OMB Control No.
3038–0089). This is a request for an
extension of a currently approved
information collection.
Abstract: Sections 4r(a)(2)(A) and
2(h)(5) of the Commodity Exchange Act
requires the reporting of pre-enactment
and transition swaps. Regulations 46.2,
46.3, and 46.11 establish reporting
requirements that are mandated by 4r
and 2(h) and, thus, are necessary to
implement the objectives of 4r and 2(h).
Regulation 46.2 establishes swap
counterparties’ recordkeeping
requirements for pre-enactment and
transition swaps. Regulation 46.3
establishes reporting requirements for
uncleared pre-enactment or transition
swaps in existence on or after April 25,
1 17

CFR 145.9.

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2011, and throughout the existence of
the swap.2 Regulation 46.11 addresses
the reporting of errors and omission in
previously reported data. The data
required to be compiled and maintained
pursuant to the Part 46 regulations
would be used by the Commission and
other financial regulators for fulfillment
of various regulatory mandates. The
collection of information is needed to
ensure that the CFTC and other
regulators have access to data regarding
pre-enactment and transition swaps, as
required by the Commodity Exchange
Act as amended by the Dodd-Frank Wall
Street Reform and Consumer Protection
Act (‘‘Dodd-Frank Act’’).
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 April 26, 2022, 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, 87
FR 24534 (‘‘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 to reflect the current
number of respondents and estimated
burden hours. The respondent burden
for this collection is estimated to be as
follows:
• Recordkeeping:
Estimated Number of Respondents:
30,108.
Estimated Average Burden Hours per
Respondent: 69.5 hours.
Estimated Total Annual Burden
Hours: 13,506 hours.
Frequency of Collection: 1.
• Reporting:
Estimated Number of Respondents:
608.
Estimated Average Burden Hours per
Respondent: 5.64 hours.
Estimated Total Annual Burden
Hours: 860 hours.
Frequency of Collection: Daily.
• Total Annual Burden for the
Collection: 14,366 hours.
There are no capital costs or operating
and maintenance costs associated with
this collection.
2 See 17 CFR part 46.1 (defining ‘‘pre-enactment
swap’’ as any swap entered into prior to enactment
of the Dodd-Frank Act of 2010 (July 21, 2010), the
terms of which have not expired as of the date of
enactment of that Act, and ‘‘transition swap’’ as any
swap entered into on or after the enactment of the
Dodd-Frank Act of 2010 (July 21, 2010) and prior
to the applicable compliance date on which a
registered entity or swap counterparty subject to the
jurisdiction of the Commission is required to
commence full compliance with all provisions of
part 46).

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(Authority: 44 U.S.C. 3501 et seq.)
Dated: June 27, 2022.
Robert Sidman,
Deputy Secretary of the Commission.
[FR Doc. 2022–14091 Filed 6–30–22; 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 August 1, 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. 3038–0087, 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,
SUMMARY:

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