Federal Register / Vol. 85, No. 232 / Wednesday, December 2, 2020 / Notices 77437 

6 17 CFR 145.9. 

initial burden costs for SDRs and 

reporting counterparties required to 

generate UTIs. However, the PRA 

section of the final rule corrected the 

estimated cost per entity for ongoing 

maintenance or adjustment to reporting 

systems in the supporting statement for 

the Proposal from a cost of $72 per 

entity and $67,680 across entities to a 

cost of $72.23 per entity and $67,896 

across entities for final § 45.5. 

With respect to the 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; 

• 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, 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 CFTC to 

consider information that you believe is 

exempt from disclosure under the 

Freedom of Information Act (‘‘FOIA’’), a 

petition for confidential treatment of the 

exempt information may be submitted 

according to the procedures established 

in § 145.9 of the CFTC’s regulations.6

The CFTC 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 

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 FOIA. 

Burden Statement: Provisions of 

CFTC Regulations 45.2, 45.3, 45.4, 45.5, 

45.6, 45.10 and 45.14 result in 

information collection requirements 

within the meaning of the PRA. With 

respect to the ongoing reporting and 

recordkeeping burdens associated with 

swaps, the CFTC believes that SEFs, 

DCMs, DCOs, SDRs, swap dealers 

(‘‘SDs’’), major swap participants 

(‘‘MSPs’’), and non-SD/MSP/DCO 

counterparties incur an annual timeburden of 1,226,021 hours. This timeburden represents a proportion of the 

burden respondents incur to operate 

and maintain their swap data 

recordkeeping and reporting systems. 

Respondents/Affected Entities: SDs, 

MSPs, SDRs, DCMs, SEFs, and other 

counterparties to a swap transaction 

(i.e., non-SD/MSP/DCO counterparties). 

Estimated number of respondents: 

1,732. 

Estimated average burden hours per 

respondent: 708. 

Estimated total annual burden hours 

on respondents: 1,226,021 hours. 

Frequency of collection: Ongoing. 

Capital or Operating and 

Maintenance Costs: $ 51,961,428. 

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

Dated: November 27, 2020. 

Robert Sidman, 

Deputy Secretary of the Commission. 

[FR Doc. 2020–26556 Filed 12–1–20; 8:45 am] 

BILLING CODE 6351–01–P 

COMMODITY FUTURES TRADING 

COMMISSION 

Agency Information Collection 

Activities: Proposed Revised 

Collection, Comment Request: ‘‘Real 

Time Public Reporting’’ 

AGENCY: Commodity Futures Trading 

Commission. 

ACTION: Notice. 

SUMMARY: The Commodity Futures 

Trading Commission (‘‘CFTC’’ or 

‘‘Commission’’) is announcing an 

opportunity for public comment on the 

revision of an information collection by 

the agency. Under the Paperwork 

Reduction Act of 1995 (‘‘PRA’’), Federal 

agencies are required to publish notice 

in the Federal Register concerning each 

revised collection of information and to 

allow 60 days for public comment. The 

Commission recently adopted a final 

rule amending requirements for the realtime public reporting and dissemination 

of swap data. This notice solicits 

additional comments on certain 

estimated costs and burdens associated 

with the amended requirements. 

DATES: Comments must be submitted on 

or before February 1, 2021. 

ADDRESSES: You may submit comments, 

identified by ‘‘Real Time Public 

Reporting, OMB Control No. 3038– 

0070,’’ by any of the following methods: 

• The Agency’s website, at http://

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. 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: 

Meghan Tente, Acting Deputy Director, 

Division of Market Oversight, 

Commodity Futures Trading 

Commission, (202) 418–5785, email: 

mtente@cftc.gov, and refer to OMB 

Control No. 3038–0070. 

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 

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 information collection 

including each proposed revision or 

extension of an existing information 

collection, 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: Real Time Public Reporting and 

Block Trades (OMB Control No. 3038– 

0070). This is a request for comment on 

a currently approved information 

collection. 

Abstract: The collection of 

information is needed to ensure that 

swap data repositories publicly 

disseminate swap data as required by 

the Commodity Exchange Act, as 

amended by the Dodd-Frank Wall Street 

Reform and Consumer Protection Act 

(‘‘Dodd-Frank Act’’). The Dodd-Frank 

Act directed the CFTC to adopt rules 

providing for the real-time public 

77438 Federal Register / Vol. 85, No. 232 / Wednesday, December 2, 2020 / Notices 

1The Commission proposed the amendments to 

Part 43 in February 2020. Real-Time Public 

Reporting Requirements, 85 FR 21516 (Apr. 17, 

2020) (the ‘‘Proposal’’). The final rule was 

published in the Federal Register on November 25, 

2020 (the ‘‘Final Rule’’). 

2 In the final rule, the Commission revised the 

information collection to reflect the adoption of 

amendments to part 43, including changes to reflect 

adjustments that were made to the final rules in 

response to comments on the Proposal (not relating 

to PRA). In the Proposal, the Commission omitted 

the aggregate reporting burden for proposed § 43.3 

and § 43.4 in the preamble and instead provided 

PRA estimates for all of part 43. In the final rule, 

the Commission included PRA estimates for final 

§ 43.3 and § 43.4 which are set forth below. In 

addition, in the final rule, the Commission revised 

the information collection to include burden 

estimates for one-time costs that SDRs, SEFs, DCMs, 

and reporting counterparties could incur to modify 

their systems to adopt the changes to part 43, as 

well as burden estimates for these entities to 

perform any annual maintenance or adjustments to 

reporting systems related to the changes. These 

estimates are also set forth below. The Commission 

did not include PRA estimates for all of part 43 in 

the final rule as the final rule only affects PRA 

estimates for § 43.3 and § 43.4. However, PRA 

estimates for all of part 43 are included in the 

supporting statement being filed with OMB in 

connection with the final rule. 

3The supporting statement for part 43 submtted 

for the Proposal only showed negative incremental 

changes in Attachment A (e.g., showed a negative 

adjustment of 30,300 responses and negative 

2,030.10 burden hours). 

4The Commission did not include any burden 

estimates in the final rule related to the 

modification or maintenance of systems in order to 

be in compliance with the amendments to § 43.4. 

To avoid double-counting, the Commission 

included the costs associated with updates to § 43.4 

in the estimates for § 43.3, as they would be 

captured in the costs of updating systems based on 

the list of swap data elements in part 43. As noted 

above, the Commission is soliciting comments on 

the revised burden estimates for part 43 that are 

being adopted in the final rule. 

5Based on the Commission’s eight years of 

experience in administering the existing-real time 

reporting regulation, the Commission believes that 

the costs to reporting entities to implement the final 

rule will be on the lower end of the range, closer 

to $24,000 than to $74,000. 

6As described in the Final Rule, the estimated 

cost ranges are based on a number of assumptions 

that cover the set of tasks required for the SDR to 

design, test, and implement an updated data system 

based on the new swap data elements contained in 

part 43. 

reporting and dissemination of swap 

data and rules for block trades. 

On September 17, 2020, the 

Commission adopted a rulemaking 

amending its part 43 regulations.1 In the 

release accompanying the Final Rule, 

the Commission included some cost and 

burden estimates that were not included 

in the Proposal, including changes to 

some of its previous estimates.2 The 

Commission explains these cost and 

burden estimates further below and 

invites comment on any new or revised 

estimates. 

1. Amendments to Regulation 43.3 

In the Proposal, the Commission 

omitted the aggregate reporting burden 

for proposed § 43.3 (as well as § 43.4) 

and instead provided PRA estimates for 

all of part 43. The Final Rule included 

the estimated aggregate reporting 

burden for § 43.3 as follows: 

Estimated number of respondents: 

1,729 SEFs, DCMs, and reporting 

counterparties. 

Estimated number of reports per 

respondent: 2,998. 

Average number of hours per report: 

0.067. 

Estimated gross annual reporting 

burden: 725,696. 

Existing § 43.3 requires reporting 

counterparties to send swap reports to 

swap data repositories (‘‘SDRs’’) as soon 

as technologically practicable after 

execution. The Commission did not 

include any burden estimates in the 

Proposal related to the modification or 

maintenance of systems in order to be 

in compliance with the proposed 

amendments to § 43.3.3 However, for the 

Final Rule, the Commission recognized 

certain entities would incur start-up 

costs to modify their reporting systems 

and operational costs to maintain them 

going forward to adopt the changes to 

§ 43.3 4 in the Final Rule, as explained 

below. 

In the Final Rule, the Commission 

estimated the cost for a reporting entity, 

including designated contracts markets 

(‘‘DCMs’’), derivatives clearing 

organizations (‘‘DCOs’’), major swap 

participants (‘‘MSPs’’), swap dealers 

(‘‘SDs’’), non-SD/MSP/DCO 

counterparties, and swap execution 

facilities (‘‘SEFs’’), to modify their 

systems and maintain those 

modifications going forward to adopt 

the Final Rule could range from $24,000 

to $74,000 per entity. There are an 

estimated 1,732 reporting entities, for a 

total estimated cost of $84,868,000.5 As 

described in the final rule, the estimated 

cost range is based on a number of 

assumptions that cover tasks required to 

design, test, and implement an updated 

data system based on the new swap data 

elements contained in part 43. 

In the Final Rule, the Commission 

further estimated that the cost for an 

SDR to modify their systems, including 

their data reporting, ingestion, and 

validation systems, and maintain those 

modifications going forward may range 

from $144,000 to $510,000 per SDR. 

There are currently three SDRs, for an 

estimated total cost of $981,000.6

2. Amendments to Regulation 43.4 

In the Final Rule, the Commission 

estimated that the amendments would 

reduce the number of mirror swaps 

SDRs would need to publicly 

disseminate by 100 reports per each 

SDR, for an aggregate burden hour 

reduction of 20.10 hours. In addition, 

the Commission estimated that the 

aggregate reporting burden total for 

§ 43.4, as adjusted for the reduction in 

reporting by SDRs of mirror swaps, is as 

follows: 

Estimated number of respondents: 3. 

Estimated number of reports per 

respondent: 1,499,900. 

Average number of hours per report: 

0.009. 

Estimated gross annual reporting 

burden: 40,497. 

The Commission did not include any 

burden estimates in the Proposal related 

to the modification or maintenance of 

systems in order to be in compliance 

with the proposed amendments to 

§ 43.4. To avoid double-counting, the 

Commission included the costs 

associated with updates to § 43.4 in the 

estimates for § 43.3 discussed above, as 

they would be captured in the costs of 

updating systems based on the list of 

swap data elements in part 43. 

The Commission is soliciting 

comments on the above burden 

estimates for part 43, including the 

estimated costs related to the 

modification or maintenance of systems 

in order to be in compliance with the 

amendments to § 43.3 that are being 

adopted in the Final Rule, in this 

separate 60-day notice being published 

in the Federal Register. 

With respect to the 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; 

• 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, 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 CFTC to 

consider information that you believe is 

exempt from disclosure under the 

Freedom of Information Act (‘‘FOIA’’), a 

petition for confidential treatment of the 

exempt information may be submitted 

Federal Register / Vol. 85, No. 232 / Wednesday, December 2, 2020 / Notices 77439 

7 17 CFR 145.9. 

8 In the Proposal, the Commission omitted the 

aggregate reporting burden for proposed § 43.3 and 

§ 43.4 in the preamble and instead provided PRA 

estimates for all of part 43. In the final rule, the 

Commission included PRA estimates for final § 43.3 

and § 43.4 because these are the only sections of 

part 43 affected by the final rulemaking. 

Attachment A to the supporting statement for the 

Proposal only showed the changes in the burden 

estimates for § 43.3 and § 43.4 for the Proposal. For 

the Final Rule, the Commission revised Attachment 

A to the supporting statement that was filed with 

OMB to include aggregate burden estimates for all 

requirements in the collection. The estimates in the 

supporting statements for the Final Rule are 

consistent with the estimates shown in the Burden 

Statement above (e.g., the supporting statement for 

the Final Rule reflects that there are 1,732 

respondents and that the total annual number of 

burden hours across all respondents is 771,831.) 

according to the procedures established 

in § 145.9 of the CFTC’s regulations.7

The CFTC reserves the right, but shall 

have no obligation, to review, prescreen, 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 FOIA. 

Burden Statement: Provisions of 

CFTC Regulations 43.3, 43.4, and 43.6 

result in information collection 

requirements within the meaning of the 

PRA. With respect to the ongoing 

reporting and recordkeeping burdens 

associated with swaps, the CFTC 

believes that SDs, MSPs, SEFs, DCMs, 

DCOs, and non-SD/MSP/DCO 

counterparties incur an annual timeburden of 771,831 hours. This timeburden represents a proportion of the 

burden respondents incur to operate 

and maintain their swap data 

recordkeeping and reporting systems. 

Respondents/Affected Entities: SDs, 

MSPs, and other counterparties to a 

swap transaction (i.e., non-SD/MSP/ 

DCO counterparties). 

Estimated number of respondents: 

1,732. 

Estimated average burden hours per 

respondent: 445. 

Estimated total annual burden hours 

on respondents: 771,831 hours. 

Frequency of collection: Ongoing. 

Capital or Operating and 

Maintenance Costs: $85,849,000.8

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

Dated: November 27, 2020. 

Robert Sidman, 

Deputy Secretary of the Commission. 

[FR Doc. 2020–26557 Filed 12–1–20; 8:45 am] 

BILLING CODE 6351–01–P 

DEPARTMENT OF DEFENSE 

Office of the Secretary 

[Transmittal No. 20–43] 

Arms Sales Notification 

AGENCY: Defense Security Cooperation 

Agency, Department of Defense. 

ACTION: Arms sales notice. 

SUMMARY: The Department of Defense is 

publishing the unclassified text of an 

arms sales notification. 

FOR FURTHER INFORMATION CONTACT: 

Karma Job at karma.d.job.civ@mail.mil 

or (703) 697–8976. 

SUPPLEMENTARY INFORMATION: This 

36(b)(1) 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, Transmittal 

20–43 with attached Policy Justification 

and Sensitivity of Technology. 

Dated: November 25, 2020. 

Kayyonne T. Marston, 

Alternate OSD Federal Register Liaison 

Officer, Department of Defense. 

BILLING CODE 5001–06–P