2024 30-Day FRN

2024 30-Day FRN 3038-0095 (89 FR 53967).pdf

Large Trader Reporting for Physical Commodity Swaps

2024 30-Day FRN

OMB: 3038-0095

Document [pdf]
Download: pdf | pdf
khammond on DSKJM1Z7X2PROD with NOTICES

Federal Register / Vol. 89, No. 125 / Friday, June 28, 2024 / Notices
an initial notice of proposed additions
to the Procurement List. (89 FR 22131).
This final notice is published pursuant
to 41 U.S.C. 8503(a)(2) and 41 CFR 51–
2.3. The Committee has determined that
the Litter, Quad-Fold, Decontaminable
listed below is suitable for procurement
by the Federal Government and has
added this product to the Procurement
List. In accordance with 41 CFR 51–5.2,
the Committee has authorized the
qualified nonprofit agencies described
with the Litter, Quad-Fold,
Decontaminable as the mandatory
source of supply. Additionally, in
accordance with 41 CFR 51–2.4, the
Committee considered relevant
information from the contracting
activity that this Litter, Quad-Fold,
Decontaminable requirement is not
applicable to other Federal entities and
has granted the activity’s requested
preference for purchase or distribution.
This product is not available through
the Commission’s Commercial
Distribution Program, and other Federal
entities wishing to purchase this
product must contact the contracting
activity listed directly for information
on purchase availability.
On 5/2/2024, the Committee for
Purchase From People Who Are Blind
or Severely Disabled (operating as the
U.S. AbilityOne Commission) published
an initial notice of proposed additions
to the Procurement List. (89 FR 36771).
The Committee determined that the
Contractor Operated Civil Engineer
Supply Store listed below is suitable for
procurement by the Federal Government
and has added this Contractor Operated
Civil Engineer Supply Store to the
Procurement List as a mandatory
purchase for the US Air Force, Altus Air
Force Base, Altus AFB, OK. In
accordance with 41 CFR 51–5.3(b), the
mandatory purchase requirement is
limited to US Air Force at Altus Air
Force Base, Altus AFB, OK, and in
accordance with 41 CFR 51–5.2, the
Committee has authorized South Texas
Lighthouse for the Blind, Corpus
Christi, TX as the mandatory source(s)
of supply.
After consideration of the material
presented to it concerning capability of
qualified nonprofit agencies to provide
the product(s) and service(s) and impact
of the additions on the current or most
recent contractors, the Committee has
determined that the product(s) and
service(s) listed below are suitable for
procurement by the Federal Government
under 41 U.S.C. 8501–8506 and 41 CFR
51–2.4.
Regulatory Flexibility Act Certification
I certify that the following action will
not have a significant impact on a

VerDate Sep<11>2014

19:25 Jun 27, 2024

Jkt 262001

substantial number of small entities.
The major factors considered for this
certification were:
1. The action will not result in any
additional reporting, recordkeeping or
other compliance requirements for small
entities other than the small
organizations that will furnish the
product(s) and service(s) to the
Government.
2. The action will result in
authorizing small entities to furnish the
product(s) and service(s) to the
Government.
3. There are no known regulatory
alternatives which would accomplish
the objectives of the Javits-WagnerO’Day Act (41 U.S.C. 8501–8506) in
connection with the product(s) and
service(s) proposed for addition to the
Procurement List.
End of Certification
Accordingly, the following product(s)
and service(s) are added to the
Procurement List:
Product(s)
NSN(s)—Product Name(s):
6530–01–686–1702—Litter, Quad-Fold,
Decontaminable
Authorized Source of Supply: The
Lighthouse for the Blind, Inc. (Seattle
Lighthouse), Seattle, WA
Mandatory For: DEFENSE LOGISTICS
AGENCY, DLA TROOP SUPPORT
Contracting Activity: DEFENSE LOGISTICS
AGENCY, DLA TROOP SUPPORT
Distribution: C-List
Service(s)
Service Type: Contractor Operated Civil
Engineer Supply Store
Mandatory for: US Air Force, Altus Air Force
Base, Altus AFB, OK
Authorized Source of Supply: South Texas
Lighthouse for the Blind, Corpus Christi,
TX
Contracting Activity: DEPT OF THE AIR
FORCE, FA4419 97 CONS CC
Michael R. Jurkowski,
Director, Business Operations.
[FR Doc. 2024–14228 Filed 6–27–24; 8:45 am]
BILLING CODE 6353–01–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

SUMMARY:

PO 00000

Frm 00030

Fmt 4703

Sfmt 4703

53967

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 July 29, 2024.
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. 3038–0095, at https://comments.
cftc.gov/FederalRegister/Public
Info.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,
1 17

E:\FR\FM\28JNN1.SGM

CFR 145.9.

28JNN1

53968

Federal Register / Vol. 89, No. 125 / Friday, June 28, 2024 / Notices

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:

Jason Smith, Assistant Chief Counsel,
Division of Market Oversight,
Commodity Futures Trading
Commission, (202) 418–5698; email:
[email protected], and refer to OMB
Control No. 3038–0095.

khammond on DSKJM1Z7X2PROD with NOTICES

SUPPLEMENTARY INFORMATION:

Title: Large Trader Reporting for
Physical Commodity Swaps (OMB
Control No. 3038–0095). This is a
request for extension of a currently
approved information collection.
Abstract: Part 20 of the Commission’s
regulations (‘‘Reporting Rules’’) requires
clearing organizations and any persons
that are ‘‘reporting entities’’ to file
swaps position data with the
Commission. The Reporting Rules
require each clearing organization to
submit clearing member reports to the
Commission. The Reporting Rules also
require each reporting entity to submit
position reports to the Commission that
indicate the reporting entity’s principal
and counterparty positions in cleared
and uncleared physical commodity
swaps. Reporting entities are persons
that are either ‘‘clearing members’’ or
‘‘swap dealers’’ that are otherwise not
clearing members. For purposes of part
20, reporting parties are required to
submit data on positions on a futures
equivalent basis so as to allow the
Commission to assess a trader’s market
impact across differently structured but
linked derivatives instruments and
markets. This renewal updates the total
requested burden based on available
reported data.
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 March 18, 2024, 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, 89
FR 19298 (‘‘60-Day Notice’’). The
Commission received three relevant

VerDate Sep<11>2014

19:25 Jun 27, 2024

Jkt 262001

comment letters on the 60-Day Notice,2
which are discussed below.
First, the commenters argued that the
Commission should sunset the
Reporting Rules. BPEC and the Working
Group asserted that swap data
repositories (‘‘SDRs’’) collect and submit
data to the Commission that duplicates
data derived by the Reporting Rules.3
FIA–ISDA stated that SDRs collect open
commodity swap position data from
reporting parties, and asserted that
because SDRs submit open swaps data
in the same format, the Commission
should be able to aggregate the open
swap positions of all swap market
participants in a way that allows the
Commission to surveil trading in the
physical commodity swap and
swaptions markets.4
Under the Reporting Rules’ sunset
provision, the Commission may
‘‘sunset’’ the reporting rules upon the
issuance of an order containing a
Commission finding that SDRs are
processing positional data in a way that
enables effective surveillance of trading
in paired swaps and swaptions and
paired swap and swaption markets.5
The Commission has not, however,
issued an order with such a finding. At
the time of adoption, the Commission
determined that the Reporting Rules are
necessary notwithstanding the
possibility that SDRs could later be used
to generate positional data.6 The
Commission has continued to recognize
that large trader reporting is critical to
the Commission’s mission.7 Moreover,
the Commission notes that there are
differences in data reported pursuant to
the Reporting Rules and the SDR
commodity open swaps reports,
including, as one example, the reporting
in futures contracts equivalents under
the Reporting Rules. In addition,
commodity products reporting is not
currently standardized in all aspects
across SDRs.8 Nonetheless, the
2 The following entities submitted a relevant
comment letter: The Futures Industry Association,
Inc. (‘‘FIA’’) collectively with the International
Swaps and Derivatives Association, Inc. (‘‘ISDA’’)
(collectively, ‘‘FIA–ISDA’’), BP Energy Company
(‘‘BPEC’’), and The Commercial Energy Working
Group (the ‘‘Working Group’’).
3 BPEC at 2; Working Group at 1.
4 FIA–ISDA at 3.
5 See 17 CFR 20.9(a).
6 Large Trader Reporting for Physical Commodity
Swaps, 76 FR 43851 at 43858.
7 See, e.g., In the Matter of Wells Fargo Bank, N.A.
(Sept. 27, 2016) (noting that large trader reporting
‘‘is critical to the mission of the Commission for
numerous reasons, including surveillance of the
markets to detect disruptions to market integrity,
enforcement and calculating statistics that the
Commission publishes to enhance market
transparency’’).
8 See Swap Data Recordkeeping and Reporting
Requirements, Final Rule, 85 FR 75503, 75540
(Nov. 2020).

PO 00000

Frm 00031

Fmt 4703

Sfmt 4703

Commission will continue to evaluate
the Reporting Rules and the
Commission may address the sunset
comments at a later date. If the
Commission were to seek to sunset the
Reporting Rules, such sunset would
occur through Commission action by
way of an order as contemplated by
Commission regulation 20.9, and not
through the present PRA renewal.
In addition, FIA–ISDA commented on
the burden part 20 imposes on market
participants and the Commission. FIA–
ISDA asserted that the Commission’s
estimated average burden per
respondent of 14.33 hours
underestimates the burden because the
Swaps LTR Guidebook ‘‘takes many
hours’’ to understand and ‘‘[i]dentifying
in-scope swaps, calculating futures
equivalent quantities, programing IT
systems, verifying the accuracy of data
inputs and outputs, and submitting and
correcting reports takes each reporting
party hundreds of manhours.’’ 9
For the reasons described below, the
Commission has determined to retain
the burden hour estimates described in
the 60-Day Notice. The Commission’s
burden estimates were calculated during
the 2011 rulemaking that issued the
Large Trader Reporting Rules and were
subject to comment.10 The estimate of
14.33 hours per respondent is an annual
average, and these burden estimates
(and the accompanying cost-benefit
analysis during the original rulemaking)
accounted for upfront costs.11 Moreover,
these burden estimates have been
reviewed and updated through PRA
renewals at various points since 2011.
The commenters have not provided
specific hours estimates regarding the
burden associated with reporting under
the rule. In the absence of specific data
showing how the Commission’s burden
estimates should be changed, and in
light of cost having been included in the
Commission’s prior upfront cost
analyses, the Commission has
determined to retain its existing burden
hour estimates. Although the
Commission is not revising it burden
estimates here, it will continue to
evaluate its burden estimates and may
revise them in the future, as
appropriate.
Burden Statement: The Commission
is revising its estimate of the burden for
this collection. The respondent burden
9 FIA–ISDA at 3 n.13; see also BPEC at 4
(asserting that ‘‘LTR reporting is a significant
burden on industry’’ without providing quantitative
data on reporting burden).
10 Large Trader Reporting for Physical Commodity
Swaps, 76 FR 43851 at 43860 (Both FIA and the
Working Group submitted comments during that
rulemaking process).
11 Id.at 43854, 43859–60.

E:\FR\FM\28JNN1.SGM

28JNN1

Federal Register / Vol. 89, No. 125 / Friday, June 28, 2024 / Notices

khammond on DSKJM1Z7X2PROD with NOTICES

for this collection is estimated to be as
follows:
Estimated Number of Respondents:
3,654.
Estimated Total Annual Number of
Responses (Reporting and
Recordkeeping): 33,325.
Estimated Average Burden Hours per
Respondent: 14.33.
Estimated Average Annual Burden
Hours per Response: 1.57.
Estimated Total Annual Burden
Hours: 52,366.
Frequency of Collection: Daily; On
Occasion.
The Commission estimates that the
annualized capital and start-up and
operational and maintenance costs
associated with this collection total is
$33,895,705.

VerDate Sep<11>2014

19:25 Jun 27, 2024

Jkt 262001

Authority: 44 U.S.C. 3501 et seq.
Dated: June 25, 2024.
Robert Sidman,
Deputy Secretary of the Commission.
[FR Doc. 2024–14250 Filed 6–27–24; 8:45 am]
BILLING CODE 6351–01–P

DEPARTMENT OF DEFENSE
Office of the Secretary
[Transmittal No. 20–0M]

Arms Sales Notification
Defense Security Cooperation
Agency, Department of Defense (DoD).
ACTION: Arms sales notice.
AGENCY:

PO 00000

Frm 00032

Fmt 4703

Sfmt 4703

53969

The DoD is publishing the
unclassified text of an arms sales
notification.

SUMMARY:

Neil
Hedlund at [email protected]
or (703) 697–9214.
SUPPLEMENTARY INFORMATION: This
36(b)(5)(C) arms sales notification is
published to fulfill the requirements of
section 155 of Public Law 104–164
dated July 21, 1996. The following is a
copy of a letter to the Speaker of the
House of Representatives with attached
Transmittal 20–0M.
FOR FURTHER INFORMATION CONTACT:

Dated: June 24, 2024.
Aaron T. Siegel,
Alternate OSD Federal Register Liaison
Officer.Department of Defense.
BILLING CODE 6001–FR–P

E:\FR\FM\28JNN1.SGM

28JNN1


File Typeapplication/pdf
File Modified2024-06-28
File Created2024-06-28

© 2024 OMB.report | Privacy Policy