Federal Register / Vol. 86, No. 43 / Monday, March 8, 2021 / Notices 13341 

On June 15, 2006, President George 

W. Bush established the 

Papaha ̄naumokua ̄kea Marine National 

Monument (PMNM) by Presidential 

Proclamation 8031 under the authority 

of the American Antiquities Act, 16 CFR 

431, to ensure the comprehensive, 

strong, and lasting protection of the 

coral reef ecosystems and related 

resources of the Northwestern Hawaiian 

Islands (NWHI). At a time when ocean 

resources around the world are in major 

decline, the designation of PMNM 

enabled nearly 140,000 square miles of 

U.S. land and waters of the region to 

receive the highest form of 

environmental protection in the country 

and created one of the largest marine 

conservation areas in the world. 

As part of PMNM’s mission to 

characterize its natural resources, 

PMNM conducts annual coral reef 

monitoring expeditions to the NWHI. 

Additionally, as part of PMNM’s 

education mission, PMNM is committed 

to providing educational opportunities 

for students and educators. In order to 

accomplish these two missions, PMNM 

has partnered with the University of 

Hawaii to offer research internships. 

Each year, a limited number of research 

internships will be awarded to 

outstanding undergraduate students in 

the marine sciences at the University of 

Hawaii. These internships consist of 

training students in SCUBA surveys of 

coral reef fauna, a research expedition to 

PMNM aboard a NOAA or contract ship, 

and the development of an independent 

research project with data from the 

expedition. Due to the fact that space is 

very limited for these internships, only 

a small number of internships can be 

offered each year. This request collects 

information from internship applicants 

in order to allow PMNM staff to select 

candidates which are best suited for its 

research internships. 

The collection of information will 

consist of an electronic application 

package, which will be solicited 

annually from undergraduate students 

applying for the internship. The 

application package will include (1) an 

application form with information on 

academic background and professional 

experiences, (2) reference forms by two 

educational or professional references, 

and (3) a support letter from one 

academic professor or advisor. 

All gathered information would be 

used only by staff of PMNM for the 

purpose of selecting interns, and will 

not be shared with any other party. 

None of the information collected will 

be disseminated to the public. 

II. Method of Collection 

The proposed collection of new 

information will consist of electronic 

forms which will be submitted via 

email. 

III. Data 

OMB Control Number: 0648–0719. 

Form Number(s): None. 

Type of Review: Regular submission 

(extension of a current information 

collection). 

Affected Public: Individuals or 

households; Business or other for-profit 

organizations. 

Estimated Number of Respondents: 

100. 

Estimated Time per Response: 

Scholarship application: 1 hour; 

Reference forms: 30 minutes; Support 

Letter: 30 minutes. 

Estimated Total Annual Burden 

Hours: 62.5 hours. 

Estimated Total Annual Cost to 

Public: None. 

Respondent’s Obligation: Voluntary. 

Legal Authority: None. 

IV. Request for Comments 

We are soliciting public comments to 

permit the Department/Bureau to: (a) 

Evaluate whether the proposed 

information collection is necessary for 

the proper functions of the Department, 

including whether the information will 

have practical utility; (b) Evaluate the 

accuracy of our estimate of the time and 

cost burden for this proposed collection, 

including the validity of the 

methodology and assumptions used; (c) 

Evaluate ways to enhance the quality, 

utility, and clarity of the information to 

be collected; and (d) Minimize the 

reporting burden on those who are to 

respond, including the use of automated 

collection techniques or other forms of 

information technology. 

Comments that you submit in 

response to this notice are a matter of 

public record. We will include or 

summarize each comment in our request 

to OMB to approve this ICR. Before 

including your address, phone number, 

email address, or other personal 

identifying information in your 

comment, you should be aware that 

your entire comment—including your 

personal identifying information—may 

be made publicly available at any time. 

While you may ask us in your comment 

to withhold your personal identifying 

information from public review, we 

cannot guarantee that we will be able to 

do so. 

Sheleen Dumas, 

Department PRA Clearance Officer, Office of 

the Chief Information Officer, Commerce 

Department. 

[FR Doc. 2021–04702 Filed 3–5–21; 8:45 am] 

BILLING CODE 3510–JE–P 

COMMODITY FUTURES TRADING 

COMMISSION 

Agency Information Collection 

Activities Under OMB Review 

AGENCY: Commodity Futures Trading 

Commission. 

ACTION: Notice. 

SUMMARY: 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 April 7, 2021. 

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. 3038–0070, at https://

comments.cftc.gov/FederalRegister/ 

PublicInfo.aspx. 

Or by either of the following methods: 

• Mail: Christopher Kirkpatrick, 

Secretary of the Commission, 


jbell on DSKJLSW7X2PROD with NOTICES
13342 Federal Register / Vol. 86, No. 43 / Monday, March 8, 2021 / Notices 

1 17 CFR 145.9. 

2Public Law 111–203, 124 Stat. 1376 (2010). 

3The 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, 85 FR 75422 

(Nov. 25, 2020) (the ‘‘Final Rule’’). 

4 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 Rule 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 preamble as the Final Rule only 

affects PRA estimates for § 43.3 and § 43.4. 

However, PRA estimates for all of part 43 were 

included in the supporting statement being filed 

with OMB in connection with the Final Rule 

(excluding estimates related to the Commission’s 

block trade regulation, as the block trade regulation 

is not affected by the final rulemaking). 

5The supporting statement for part 43 submitted 

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). 

6The 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. 

7Based 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. 

8As 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 

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: 

Meghan Tente, Division of Data, 

Commodity Futures Trading 

Commission, (202) 418–5785, email: 

mtente@cftc.gov, and refer to OMB 

Control No. 3038–0070. 

SUPPLEMENTARY INFORMATION:

Title: Real Time Public Reporting and 

Block Trades (OMB Control No. 3038– 

0070). This is a request for comment on 

revision of 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’’).2 The Dodd-Frank 

Act directed the CFTC to adopt rules 

providing for the real-time public 

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.3 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.4 The 

Commission explains these cost and 

burden estimates further 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. On December 2, 2020, 

the Commission published in the 

Federal Register notice of the proposed 

revision of this information collection 

(including estimated costs related to the 

modification or maintenance of systems 

in order to be in compliance with the 

amendments to § 43.3 that were adopted 

in the Final Rule), and provided 60 days 

for public comment on the proposed 

revision, 85 FR 77437 (‘‘60-Day 

Notice’’). The Commission did not 

receive any comments on the 60-Day 

Notice. 

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 § 43.3.5 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 6 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 $84,868,000.7 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 $981,000.8


jbell on DSKJLSW7X2PROD with NOTICES
Federal Register / Vol. 86, No. 43 / Monday, March 8, 2021 / Notices 13343 

based on the new swap data elements contained in 

part 43. 

9 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 (excluding estimates 

related to the Commission’s block trade regulation, 

which is not affected by the final rulemaking). In 

the Final Rule, the Commission included PRA 

estimates for final § 43.3 and § 43.4 in the preamble 

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 (excluding estimates 

related to the Commission’s block trade regulation, 

as the burden estimates for the block trade 

regulation are not affected by the final rulemaking). 

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. 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.) 1 17 CFR 145.9. 

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. 

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 is 

revising its estimate of the burden of 

this collection (excluding estimates 

related to the Commission’s block trade 

regulation, which is not affected by the 

final rulemaking). The Commission 

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. 

The respondent burden for this 

collection (excluding estimates related 

to the Commission’s block trade 

regulation) is estimated to be as follows: 

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: 771,831 hours. 

Frequency of Collection: Ongoing. 

Capital or Operating and 

Maintenance Costs: $85,849,000.9

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

Dated: March 2, 2021. 

Robert Sidman, 

Deputy Secretary of the Commission. 

[FR Doc. 2021–04667 Filed 3–5–21; 8:45 am] 

BILLING CODE 6351–01–P 

COMMODITY FUTURES TRADING 

COMMISSION 

Agency Information Collection 

Activities Under OMB Review 

AGENCY: Commodity Futures Trading 

Commission. 

ACTION: Notice. 

SUMMARY: 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 April 7, 2021. 

ADDRESSES: Written comments and 

recommendations for the 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. 3038–0096, 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, 

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. 


jbell on DSKJLSW7X2PROD with NOTICES