[Federal Register Volume 83, Number 142 (Tuesday, July 24, 2018)]
[Notices]
[Pages 34986-34987]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-15800]


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COMMODITY FUTURES TRADING COMMISSION


Agency Information Collection Activities: Notice of Intent To 
Extend Collection 3038-0069, Information Management Requirements for 
Derivatives Clearing Organizations

AGENCY: Commodity Futures Trading Commission.

ACTION: Notice.

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SUMMARY: The Commodity Futures Trading Commission (``CFTC or 
Commission'') is announcing an opportunity for public comment on the 
proposed collection of 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 and 
recordkeeping requirements relating to information management 
requirements for derivatives clearing organizations (``DCOs'').

DATES: Comments must be submitted on or before September 24, 2018.

ADDRESSES: You may submit comments, identified by OMB Control No. 3038-
0069, 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#680d0b00071c01060d1a280b0e1c0b460f071e"><span class="__cf_email__" data-cfemail="4623252e29322f282334062520322568212930">[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: Information Management Requirements for Derivatives Clearing 
Organizations (OMB Control No. 3038-0069). This is a request for 
extension of a currently approved information collection.
    Abstract: Part 39 of the Commission's regulations establishes 
information management requirements for registered DCOs. The Commission 
will use the information in this collection to assess compliance of 
DCOs 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 information collection requirements 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.
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    \2\ 16 respondents x 250 annual responses per respondent = 4,000 
total responses, x 0.1 hours per response = 400 total annual burden 
hours.
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Burden Statement
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    \3\ 16 respondents x 1 annual response per respondent = 16 total 
responses, x 2,606 hours per response = 41,696 total annual burden 
hours.

          1. Collection 3038-0069--Daily Reporting Requirements for Derivatives Clearing Organizations
                                               [Regulation 39.19]
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                                                                                   Estimated
                                                  Reports        Total annual   average  number     Estimated
  Estimated number of respondents per year      annually  by      responses      of  hours per    total  annual
                                                    each                            response       burden hours
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16..........................................             250            4,000              0.1          \2\ 400
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[[Page 34987]]


          2. Collection 3038-0069--Annual Reporting Requirement for Derivatives Clearing Organizations
                                               [Regulation 39.19]
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                                                                                   Estimated
                                                  Reports        Total annual   average  number     Estimated
  Estimated number of respondents per year      annually  by      responses      of  hours per    total  annual
                                                    each                            response       burden hours
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16..........................................               1               16            2,606       \3\ 41,696
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                 3. Event-Specific Reporting Requirements for Derivatives Clearing Organizations
                                               [Regulation 39.19]
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                                                                                   Estimated
                                                  Reports        Total annual   average  number     Estimated
  Estimated number of respondents per year      annually  by      responses      of  hours per    total  annual
                                                    each                            response       burden hours
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16..........................................               4               64              5.6        \4\ 358.4
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           4. Collection 3038-0069--Recordkeeping Requirements for Derivatives Clearing Organizations
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                                                                                   Estimated
                                                  Reports        Total annual   average  number     Estimated
  Estimated number of respondents per year      annually  by      responses      of  hours per    total  annual
                                                    each                            response       burden hours
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16..........................................               1               16              100            1,600
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    Respondents/affected entities: Derivatives clearing organizations 
(DCOs).
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    \4\ 16 respondents x 4 annual responses per respondent = 64 
total responses, x 5.6 hours per response = 358.4 total annual 
burden hours.
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    Estimated annual number of respondents: 16.\5\
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    \5\ Includes 16 currently registered DCOs (an increase of 2 
since the last extension).
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    Estimated hours per response: 10 hours.\6\
    Annual responses by each respondent: 260.
    Grand total annual burden hours: 44,054 hours (400 + 41,696 + 358.4 
+ 1,600).
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    \6\ Since burden hours vary widely within the collection (see 
above tables), this is the average of burden hours per response for 
the collection as a whole (aggregate of 2,661.7 hours per response/
aggregate of 260 responses = 10.24 hours, rounded to 10).
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    Frequency of collection: Daily, annually, and 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 19, 2018.
Robert Sidman,
Deputy Secretary of the Commission.
[FR Doc. 2018-15800 Filed 7-23-18; 8:45 am]
BILLING CODE 6351-01-P


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