[Federal Register Volume 83, Number 135 (Friday, July 13, 2018)]
[Notices]
[Pages 32638-32640]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-14964]


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COMMODITY FUTURES TRADING COMMISSION


Agency Information Collection Activities: Notice of Intent To 
Renew Collection 3038-0076, Risk Management Requirements for 
Derivatives Clearing Organizations

AGENCY: Commodity Futures Trading Commission.

ACTION: Notice.

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SUMMARY: The Commodity Futures Trading Commission (``Commission'') is 
announcing an opportunity for public comment on the proposed collection 
of

[[Page 32639]]

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 each proposed extension or renewal of an existing collection 
of information, and to allow 60 days for public comment. This notice 
solicits comments on reporting requirements relating to financial 
resource requirements for derivatives clearing organizations and the 
Form DCO used to apply for registration as a derivatives clearing 
organization.

DATES: Comments must be submitted on or before September 11, 2018.

ADDRESSES: You may submit comments, identified by ``Risk Management 
Requirements for Derivatives Clearing Organizations,'' by any of the 
following methods:
    <bullet> The Agency's website, at http://comments.cftc.gov/. Follow 
the instructions for submitting comments through the website.
    <bullet> Mail: Christopher Kirkpatrick, Secretary of the 
Commission, Commodity Futures Trading Commission, Three Lafayette 
Centre, 1155 21st Street NW, Washington, DC 20581.
    <bullet> 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: Eileen Chotiner, Division of Clearing 
and Risk, Commodity Futures Trading Commission, (202) 418-5467; email: 
<a href="/cdn-cgi/l/email-protection#dabfb9b2b5aeb3b4bfa89ab9bcaeb9f4bdb5ac"><span class="__cf_email__" data-cfemail="f792949f98839e999285b794918394d9909881">[email protected]</span></a>.

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 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 Commission is publishing 
notice of the proposed extension of the collection of information 
listed below.
    Title: Risk Management Requirements for Derivatives Clearing 
Organizations (OMB Control No. 3038-0076). This is a request for 
extension of a currently approved information collection.
    Abstract: Commission Regulations 39.12, 39.13, 39.14, 39.15, 39.16 
and 39.18 establish risk management requirements for registered 
derivatives clearing organizations (``DCOs''). Regulation 39.3 requires 
any person seeking to register as a DCO to submit a completed Form DCO 
as provided in the appendix to part 39, accompanied by all applicable 
exhibits. The Commission will use the information in this collection to 
assess compliance of DCOs and DCO applicants with requirements for DCOs 
prescribed in the Commodity Exchange Act and Commission regulations.
    With respect to the collection of information, the CFTC invites 
comments on:
    <bullet> 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;
    <bullet> 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;
    <bullet> Ways to enhance the quality, usefulness, and clarity of 
the information to be collected; and
    <bullet> 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 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 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 Sec.  145.9 of the 
Commission's regulations.\1\
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    \1\ 17 CFR 145.9.
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    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 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 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

1. Collection 3038-0076--Derivatives Clearing Organization Applicants 
Reporting Requirement (Regulation 39.3 and Form DCO)

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                                                                       Estimated  average
 Estimated  number of  Reports  annually  by       Total annual       number  of hours per     Estimated total
respondents  per year           each                responses               response        annual burden  hours
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                  3                      1                      3                    400                  1200
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2. Collection 3038-0076--Event-Specific System Safeguards Reporting 
Requirements for Derivatives Clearing Organizations (Regulations 
39.18(g) and (h))

[[Page 32640]]



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                                                                       Estimated  average
 Estimated  number of  Reports  annually  by       Total annual       number  of hours per     Estimated total
respondents  per year           each                responses               response        annual burden  hours
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                 16                      2                     32                    0.1                   3.2
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3. Collection 3038-0076--Recordkeeping Requirements for Derivatives 
Clearing Organizations

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                                                                       Estimated  average
 Estimated  number of  Reports  annually  by       Total annual       number  of hours per     Estimated total
respondents  per year           each                responses               response        annual burden  hours
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                 16                      1                     16                     50                   800
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    Types of Respondents/Affected Entities: Derivatives clearing 
organizations (DCOs) and applicants for registration as a DCO.
    Estimated Number of Respondents: 19.\2\
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    \2\ Includes 16 currently registered DCOs (an increase of 2 
since the last extension) and 3 potential applicants.
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    Estimated Total Number of Annual Responses: 51.
    Estimated Total Annual Burden Hours: 2003 hours (1200 + 3.2 + 800).
    Frequency of collection: On occasion.
    There are no capital costs or operating and maintenance costs 
associated with this collection.

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

    Dated: July 9, 2018.
Robert Sidman,
Deputy Secretary of the Commission.
[FR Doc. 2018-14964 Filed 7-12-18; 8:45 am]
 BILLING CODE 6351-01-P


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