68870 Federal Register / Vol. 79, No. 223 / Wednesday, November 19, 2014 / Notices 

1Commission regulations referred to herein are 

found at 17 CFR Ch. 1 (2014). 

3038–0095), by any of the following 

methods: 

• Agency Web site, via its Comments 

Online process: http://

comments.cftc.gov. Follow the 

instructions for submitting comments 

through the Web site. 

• Mail: Send to Christopher 

Kirkpatrick, Secretary of the 

Commission, Commodity Futures 

Trading Commission, 1155 21st Street 

NW., Washington, DC 20581. 

• Hand Delivery/Courier: Same as 

Mail, above. 

• Federal eRulemaking Portal: http:// 

www.regulations.gov. Follow the 

instructions for submitting comments. 

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. You should submit only 

information that you wish to make 

available publicly. If you wish the 

Commission to consider information 

that 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 set forth 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 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 this 

matter 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: 

Dana Brown, Division of Market 

Oversight, Commodity Futures Trading 

Commission, (202) 418–5093; email: 

dbrown@cftc.gov. This contact can also 

provide a copy of the ICR. 

SUPPLEMENTARY INFORMATION: 

Title: ‘‘Large Trader Reporting for 

Physical Commodity Swaps,’’ OMB 

Control No. 3038–0095—Extension. 

This is a request for extension of a 

currently approved information 

collection. 

Abstract: This collection is in the 

public interest and is necessary for 

market surveillance. Part 20 of the 

Commission’s regulations requires 

clearing organizations and any persons 

that are ‘‘reporting entities’’ to file 

swaps position data with the 

Commission. The Reporting Rules 

collect clearing member reports from 

clearing organizations. The Reporting 

Rules also require position reports from 

reporting entities for principal and 

counterparty positions in cleared and 

uncleared physical commodity swaps. 

Reporting entities are those 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. The Commission initially 

estimated that approximately 705 

entities would be affected by this rule. 

This number was based on the then 

estimated number of reporting firms. 

Because the Commission had not 

regulated the swap market, it has not 

previously collected data to support its 

estimate. Accordingly, the initial 

estimate of 705 affected entities has 

been revised to 3,998. The Federal 

Register notice with a 60-day comment 

period soliciting comments on this 

collection of information was published 

on September 17, 2014 (79 FR 55759). 

Burden Statement: The Commission 

estimates the burden of this collection 

of information as follows: 

ESTIMATED ANNUAL REPORTING BURDEN

17 CFR §

Annual 

number of 

respondents 

Total annual 

responses 

Hours per 

response Total hours 

20 ..................................................................................................................... 3,998 3,998 1.58 6,317 

Authority: 44 U.S.C. 3501 et seq. 

Dated: November 14, 2014. 

Christopher J. Kirkpatrick, 

Secretary of the Commission. 

[FR Doc. 2014–27402 Filed 11–18–14; 8:45 am] 

BILLING CODE 6351–01–P 

COMMODITY FUTURES TRADING 

COMMISSION 

Market Risk Advisory Committee 

AGENCY: Commodity Futures Trading 

Commission. 

ACTION: Notice. 

SUMMARY: The Commodity Futures 

Trading Commission (CFTC or 

Commission) is inviting comments on 

topics for discussion at future Market 

Risk Advisory Committee (MRAC or 

Committee) meetings and also calling 

for the submission of nominations to 

this newly established Committee. The 

MRAC is a discretionary advisory 

committee and was established by the 

Commission in accordance with the 

Federal Advisory Committee Act. 

DATES: The deadline for comments and 

nominations is December 3, 2014. 

ADDRESSES: Comments on topics for 

discussion at future MRAC meetings 

and nominations should be emailed to 

MRAC_Comments@cftc.gov. Comments 

and nominations may also be mailed to 

Petal Walker, Chief Counsel to 

Commissioner Bowen, U.S. Commodity 

Futures Trading Commission, Three 

Lafayette Centre, 1155 21st Street NW., 

Washington, DC 20581. Please use the 

title ‘‘Market Risk Advisory Committee’’ 

in any comments or nominations you 

submit. 

FOR FURTHER INFORMATION CONTACT: 

Petal Walker, (202) 418–5794; email: 

pwalker@cftc.gov. 

SUPPLEMENTARY INFORMATION: The 

MRAC was established to conduct 

public meetings and submit reports and 

recommendations to the Commission on 

matters of public concern to 

clearinghouses, exchanges, 

intermediaries, market makers, endusers (e.g., consumers) and the 

Commission regarding systemic issues 

that threaten the stability of the 

derivatives markets and other financial 

markets, and to otherwise assist the 

Commission in identifying and 

understanding the impact and 

implications of an evolving market 

structure and movement of risk across 

clearinghouses, intermediaries, market 

makers and end-users. The duties of the 

MRAC are solely advisory and will 

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Federal Register / Vol. 79, No. 223 / Wednesday, November 19, 2014 / Notices 68871 

include monitoring and advising the 

Commission with respect to the effects 

that developments in the structure of 

the derivatives markets have on the 

systemic issues that threaten the 

stability of the derivatives markets and 

other financial markets. The MRAC will 

also make recommendations to the 

Commission on how to improve market 

structure and mitigate risk to support 

the Commission’s mission of ensuring 

the integrity of the derivatives markets 

and monitoring and managing systemic 

risk. Determinations of actions to be 

taken and policy to be expressed with 

respect to the reports or 

recommendations of the MRAC shall be 

made solely by the Commission. 

MRAC members will generally serve 

as representatives in order to provide 

advice reflecting the views of 

organizations and entities that 

constitute the structure of the 

derivatives and financial markets. The 

MRAC may also include regular 

government employees when doing so 

furthers purposes of the MRAC. Though 

the precise number of members in any 

category may vary over time, the 

Commission expects the MRAC to have 

approximately 20–25 members with the 

following types of entities with interests 

in the derivatives markets and systemic 

risk being represented (and their 

approximate number): (i) Exchanges 

(3–5), (ii) clearinghouses (1–3), (iii) 

intermediaries (1–4), (iv) market makers 

(5–8), (v) end-users (4–6), (vi) academia 

(1–2) and (vii) regulators (1–2). The 

MRAC will hold approximately 2–4 

meetings per year and members will 

serve at the pleasure of the Commission. 

MRAC members will not receive 

compensation or honoraria for their 

services, and they will not be 

reimbursed for travel and per diem 

expenses. 

The Commission seeks members who 

represent organizations or groups with 

an interest in the MRAC’s mission and 

function and reflect a wide range of 

perspectives and interests, including 

those that may be conflicting, related to 

the derivatives markets and other 

financial markets. To advise the 

Commission effectively, MRAC 

members must have a high-level of 

expertise and experience in the 

derivatives and financial markets and 

the Commission’s regulation of such 

markets, including from a historical 

perspective. To the extent practicable, 

the Commission will strive to select 

members reflecting wide ethnic, racial, 

gender, and age representation. MRAC 

members should be open to 

participating in a public forum. 

The Commission invites comments 

from the public on the topics on which 

MRAC should focus. In other words, 

topics that: 

(a) Reflect matters of public concern 

to clearinghouses, exchanges, 

intermediaries, market makers, endusers and the Commission regarding 

systemic issues that threaten the 

stability of the derivatives markets and 

other financial markets; and/or 

(b) are important to otherwise assist 

the Commission in identifying and 

understanding the impact and 

implications of an evolving market 

structure and movement of risk across 

clearinghouses, exchanges, 

intermediaries, market makers and endusers. 

Each comment should include the 

commenter’s name and email or mailing 

address. 

In addition, the Commission also 

invites the submission of nominations 

to the MRAC. Each nomination 

submission should include relevant 

information about the proposed 

member, such as the individual’s name, 

title, and organizational affiliation as 

well as information that supports the 

individual’s qualifications to serve on 

the MRAC. The submission should also 

include the name and email or mailing 

address of the person nominating the 

proposed member. 

Submission of nomination is not a 

guarantee of selection as a member of 

the MRAC. As noted in the MRAC’s 

Membership Balance Plan, the CFTC 

identifies members for the MRAC based 

on Commissioners’ and Commission 

staff professional knowledge of the 

derivatives and other financial markets, 

consultation with knowledgeable 

persons outside the CFTC, and requests 

to be represented received from 

organizations. The office of the 

Commissioner primarily responsible for 

the MRAC plays a primary, but not 

exclusive, role in this process and 

makes recommendations regarding 

membership to the Commission. The 

Commission, by vote, authorizes 

members to serve on the MRAC. 

Authority: 5 U.S.C. App. II. 

Dated: November 13, 2014. 

Christopher J. Kirkpatrick, 

Secretary of the Commission. 

[FR Doc. 2014–27279 Filed 11–18–14; 8:45 am] 

BILLING CODE 6351–01–P 

CORPORATION FOR NATIONAL AND 

COMMUNITY SERVICE 

Information Collection; Submission for 

OMB Review, Comment Request 

AGENCY: Corporation for National and 

Community Service. 

ACTION: Notice. 

SUMMARY: The Corporation for National 

and Community Service (CNCS) has 

submitted a public information 

collection request (ICR) entitled CNCS 

Application Instructions for review and 

approval in accordance with the 

Paperwork Reduction Act of 1995, 

Public Law 104–13, (44 U.S.C. Chapter 

35). Copies of this ICR, with applicable 

supporting documentation, may be 

obtained by calling the Corporation for 

National and Community Service, Amy 

Borgstrom, at 202–606–6930 or email to 

aborgstrom@cns.gov. Individuals who 

use a telecommunications device for the 

deaf (TTY–TDD) may call 1–800–833– 

3722 between 8:00 a.m. and 8:00 p.m. 

Eastern Time, Monday through Friday. 

ADDRESSES: Comments may be 

submitted, identified by the title of the 

information collection activity, to the 

Office of Information and Regulatory 

Affairs, Attn: Ms. Sharon Mar, OMB 

Desk Officer for the Corporation for 

National and Community Service, by 

any of the following two methods 

within 30 days from the date of 

publication in the Federal Register: 

(1) By fax to: 202–395–6974, 

Attention: Ms. Sharon Mar, OMB Desk 

Officer for the Corporation for National 

and Community Service; or 

(2) By email to: smar@omb.eop.gov. 

SUPPLEMENTARY INFORMATION: The OMB 

is particularly interested in comments 

which: 

• Evaluate whether the proposed 

collection of information is necessary 

for the proper performance of the 

functions of CNCS, including whether 

the information will have practical 

utility; 

• Evaluate the accuracy of the 

agency’s estimate of the burden of the 

proposed collection of information, 

including the validity of the 

methodology and assumptions used; 

• Propose ways to enhance the 

quality, utility, and clarity of the 

information to be collected; and 

• Propose ways to minimize the 

burden of the 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. 

Comments 

A 60-day Notice requesting public 

comment was published in the Federal 

Register on September 2, 2014. This 

comment period ended November 3, 

2014. No public comments were 

received from this Notice. 

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