2023 60-Day FRN 3038-0076 (DCO Governance Final Rule)

2023 60-Day FRN 3038-0076 (88 FR 44781) (DCO Governance Final Rule).pdf

Requirements for Derivatives Clearing Organizations

2023 60-Day FRN 3038-0076 (DCO Governance Final Rule)

OMB: 3038-0076

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Federal Register / Vol. 88, No. 133 / Thursday, July 13, 2023 / Notices
comments on the issues related to this
inquiry. A company’s failure to respond
completely to Commerce’s requests for
information may result in the
application of partial or total facts
available, pursuant to section 776(a) of
the Act, which may include adverse
inferences, pursuant to section 776(b) of
the Act.
Suspension of Liquidation
Pursuant to 19 CFR 351.226(l)(1),
Commerce will notify U.S. Customs and
Border Protection (CBP) of its initiation
of the requested circumvention inquiry
and direct CBP to continue the
suspension of liquidation of entries of
products subject to the circumvention
inquiry that were already subject to the
suspension of liquidation under the
Orders and to apply the cash deposit
rates that would be applicable if the
products were determined to be covered
by the scope of the Orders. Should
Commerce issue a preliminary or final
circumvention determination,
Commerce will follow the suspension of
liquidation rules under 19 CFR
351.226(l)(2)–(4).

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Notification to Interested Parties
In accordance with 19 CFR 351.226(d)
and section 781(b) of the Act, Commerce
determines that the domestic industry’s
request for a circumvention inquiry
satisfies the requirements of 19 CFR
351.226(c). Accordingly, Commerce is
notifying all interested parties of the
initiation of this circumvention inquiry
to determine whether CAAS from Korea
produced by Gwangyang Aluminum,
assembled or completed using
aluminum plate produced by Mingtai in
China, and exported to the United
States, is circumventing the Orders. We
included a description of the products
that are subject to the circumvention
inquiry, and an explanation of the
reasons for Commerce’s decision to
initiate this inquiry, in the
accompanying Initiation Checklist.9 In
accordance with 19 CFR 351.226(e)(1),
Commerce intends to issue its
preliminary determination in this
circumvention proceeding no later than
150 days from the date of publication of
this notice in the Federal Register.
This notice is published in
accordance with section 781(b) of the
Act and 19 CFR 351.226(d)(1)(ii).
Dated: July 7, 2023.
Lisa W. Wang,
Assistant Secretary for Enforcement and
Compliance.
[FR Doc. 2023–14875 Filed 7–12–23; 8:45 am]
BILLING CODE 3510–DS–P
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COMMODITY FUTURES TRADING
COMMISSION
Agency Information Collection
Activities: Proposed Collection,
Comment Request: Governance
Requirements for Derivatives Clearing
Organizations
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 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 proposed
extension of an existing collection of
information, and to allow 60 days for
public comment. This notice is being
published concurrently with the
publication and adoption of the final
rule titled ‘‘Governance Requirements
for Derivatives Clearing Organizations’’
(‘‘Final Rule’’).
DATES: Comments must be submitted on
or before September 11, 2023.
ADDRESSES: You may submit comments,
identified by ‘‘Requirements for
Derivatives Clearing Organizations OMB
Control No. 3038–0076’’ by any of the
following methods:
• CFTC Website: 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.
FOR FURTHER INFORMATION CONTACT:
Joseph Opron, Special Counsel, Division
of Clearing and Risk, Commodity
Futures Trading Commission, (312)
596–0653; 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
and includes agency requests or
requirements that members of the public
SUMMARY:

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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 collection of
information listed below. 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.
Title: Requirements for Derivatives
Clearing Organizations, OMB Control
No. 3038–0076. This is a request for a
revision of a currently approved
information collection.
Abstract: Concurrently with this
notice, the Commission published the
Final Rule adopting amendments that
included new information collection
requirements. The revised rules require
a DCO to create and maintain minutes
of each Risk Management Committee
Meeting and to maintain written
policies and procedures to make certain
that its RMC includes at least two
clearing member representatives and, if
applicable, at least two representatives
of customers of clearing members. The
revised rules also require a DCO to
adopt written policies and procedures
related to the formation and role of each
RWG, and to include in those policies
and procedures requirements for the
DCO to document and provide to the
RMC, at a minimum, a summary of the
topics discussed and the main points
raised during each meeting of the RWG.
With respect to each new 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

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Federal Register / Vol. 88, No. 133 / Thursday, July 13, 2023 / Notices

information technology; e.g., permitting
electronic submission of responses.
All comments must be submitted in
English, or if not, accompanied by an
English translation. Comments will be
posted as received to https://
www.cftc.gov. 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 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.
Burden Statement: The Commission
is revising its burden estimate for OMB
control number 3038–0076 to account
for the amendments described above.
Specifically, the Commission believes
that the burden under this clearance
will increase because the 15 DCOs
subject to these requirements will be
required under § 39.24(b)(11) to create
and maintain minutes of each RMC
meeting, and under § 39.24(b)(12) to
document and provide to the RMC, at a
minimum, a summary of the topics
discussed and the main points raised
during each meeting of the RWG. The
Commission estimates a DCO will spend
an average of four hours creating
minutes of each RMC meeting and four
hours documenting a summary of the
topics discussed and the main points
raised during each meeting of the RWG,
which includes attending the meeting,
taking notes, and putting the notes into
the required format following the
meeting. The Commission estimates that
a DCO’s RMC and RWG will each need
to hold an average of six meetings per
year to satisfy the § 39.24(b)(11) and (12)
requirements that a DCO’s RMC and
RWG address all matters that could
materially affect the risk profile of the
DCO. Based upon the above, the
estimated hour burden for this
collection is calculated as follows:
1 17

CFR 145.9.

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Estimated number of respondents:
15.2
Estimated number of reports per
respondent: 18.
Average number of hours per report:
4.
Estimated gross annual reporting
burden: 1,080.
There are no capital costs or operating
and maintenance costs associated with
this collection.
(Authority: 44 U.S.C. 3501 et seq.)
Dated: July 3, 2023.
Christopher Kirkpatrick,
Secretary of the Commission.
[FR Doc. 2023–14358 Filed 7–12–23; 8:45 am]
BILLING CODE 6351–01–P

DEPARTMENT OF DEFENSE
Department of the Army
Notice of Intent To Grant Exclusive
Patent License to TauMat, LLC; Silver
Spring, MD
Department of the Army, DoD.
Notice of intent.

AGENCY:
ACTION:

The Department of the Army
hereby gives notice of its intent to grant
to TauMat, LLC; a company having its
principal place of business at 10010
Portland Place, Silver Spring, MD
20901, an exclusive license.
DATES: Written objections must be filed
not later than 15 days following
publication of this announcement.
ADDRESSES: Send written objections to
U.S. Army Combat Capabilities
Development Command Army Research
Laboratory, Partnerships Support Office,
FCDD–RLB–SS/Wendy Leonard,
Building 4402, 6468 Integrity Ct.,
Aberdeen Proving Ground, MD 21005–
5425 or email to [email protected].
FOR FURTHER INFORMATION CONTACT:
Wendy Leonard, (410) 278–1646, EMail: [email protected].
SUPPLEMENTARY INFORMATION: The
Department of the Army plans to grant
an exclusive license to TauMat, LLC in
the following fields of use related to:
SUMMARY:

• Cooling and thermal energy storage
associated with electronic and photonic
devices.
• Cooling and thermal energy storage
associated with battery/electrical storage
devices during charging and
discharging.
pertaining to the following;
—‘‘Solid-State Martensitic
Transformation Phase Change
Material Components for Thermal
Energy Storage and Transient Heat
Transfer Systems’’, ARL 19–02, US
Patent Application No. 16/910,652,
Filing Date: 06/24/2020, U.S.
Publication No. 2020/0407615A1,
Publication Date: 12/31/2020.
—‘‘Solid-State Thermal Energy Storage
Substrates and Methods for Same.’’,
ARL 22–04P, US Provisional Patent
Application No. 63/521,035, Filing
Date: 06/14/2023.
The prospective exclusive license
may be granted unless within fifteen
(15) days from the date of this published
notice, the U.S. Army Combat
Capabilities Development Command
Army Research Laboratory receives
written objections including evidence
and argument that establish that the
grant of the license would not be
consistent with the requirements of 35
U.S.C. 209(e) and 37 CFR 404.7(a)(1)(i).
Competing applications completed and
received by the U.S. Army Combat
Capabilities Development Command
Army Research Laboratory within
fifteen (15) days from the date of this
published notice will also be treated as
objections to the grant of the
contemplated exclusive license.
Objections submitted in response to
this notice will not be made available to
the public for inspection and, to the
extent permitted by law, will not be
released under the Freedom of
Information Act, 5 U.S.C. 552.
James W. Satterwhite Jr.,
Army Federal Register Liaison Officer.
[FR Doc. 2023–14890 Filed 7–12–23; 8:45 am]
BILLING CODE 5001–03–P

DEPARTMENT OF DEFENSE
Commission notes that while new
§ 39.24(d) provides that a DCO may satisfy the
requirements of paragraphs (b)(11), (b)(12),
(c)(1)(iv), and (c)(3) by having rules that permit it
to clear only fully collateralized positions, such
DCOs are included in the total estimated number
of respondents because these DCOs would still be
required to develop and disclose governance
arrangements required by the other provisions of
§ 39.24. The Commission’s estimate is therefore
conservative to the extent that these DCOs are not
required to prepare and maintain minutes of each
RMC meeting, and document and provide to the
RMC, at a minimum, a summary of the topics
discussed and the main points raised during each
meeting of the RWG.

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Office of the Secretary
Notice of Five-Year Extension of
Defense Health Agency Evaluation of
Non-United States Food and Drug
Administration Approved Laboratory
Developed Tests Demonstration
Project
Office of the Secretary,
Department of Defense (DoD).
ACTION: Notice.
AGENCY:

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