Document Headings

                    Document headings vary by document type but may contain                    the following:                  
                -                       the agency or agencies that issued and signed a document                    
                -                       the number of the CFR title and the number of each part                      the document amends, proposes to amend, or is directly                      related to                    
                -                       the agency docket number / agency internal file number                    
                -                       the RIN which identifies each regulatory action listed in                      the Unified Agenda of Federal Regulatory and Deregulatory                      Actions                    

                    See the                                          Document Drafting Handbook                                        for more details.                  

###### Commodity Futures Trading Commission

# AGENCY:

Commodity Futures Trading Commission.

# ACTION:

Notice.

# SUMMARY:

                        The Commodity Futures Trading Commission (“Commission” or “CFTC”) is announcing an opportunity for public comment on the proposed renewal of a 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 of an existing collection of information, and to allow 60 days for public comment. This notice solicits comments on the proposed renewal of the Information Collection Request (“ICR”) titled: OMB Control Number 3038-0074, Core Principles and Other Requirements for Swap Execution Facilities.                    

# DATES:

Comments must be submitted on or before February 24, 2025.

# ADDRESSES:

You may submit comments, identified by “Renewal of Collection 3038-0074, Core Principles and Other Requirements for Swap Execution Facilities” by any of the following methods:
      - The CFTC website, at https://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.                    
      -  Delivery/Courier:                          Same as Mail above.                    

Please submit your comments using only one method.

# FOR FURTHER INFORMATION CONTACT:

                        Roger Smith, Associate Chief Counsel, Division of Market Oversight Commodity Futures Trading Commission, (202) 418-5344; email:                         *rsmith@cftc.gov,*                         and refer to OMB Control No. 3038-0074.                    

# 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,                           ( print page 105013)                        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:*                     Core Principles and Other Requirements for Swap Execution Facilities (OMB Control No. 3038-0074). This is a request for extension of a currently approved information collection.                

*Abstract:*                     Section 5h to the Commodity Exchange Act (“CEA”) sets forth the requirements concerning the registration and operation of swap execution facilities (“SEFs”), which the Commission has implemented in part 37 of its regulations. These information collections are needed for the Commission to ensure that SEFs comply with these requirements. Among other requirements, part 37 of the Commission's regulations imposes SEF registration requirements for a trading platform or system, obligates SEFs to provide transaction confirmations to swap counterparties, and requires SEFs to comply with 15 core principles. Collection 3038-0074 was created in response to the part 37 regulatory requirements for SEFs.                

With respect to the collection of information, the CFTC 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 automated electronic, mechanical, or other technological collection techniques or other forms of information technology; e.g.,                      permitting electronic submission of responses.                

                    All comments must be submitted in English, or if not, accompanied by an English translation. Comments will be posted as received to                     *https://www.cftc.gov.*                     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 § 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                     *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.                

*Burden Statement:*                     The Commission is revising its estimate of the burden for this collection for SEFs. The respondent burden for this collection is estimated to be as follows:                

*Estimated Number of Respondents:*                     20.                

*Estimated Average Burden Hours per Respondent:*                     764 (rounded).                

*Estimated Total Annual Burden Hours:*                     15,275.                

*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: December 18, 2024.

Robert Sidman,

Deputy Secretary of the Commission.

# Footnotes

1.                             17 CFR 145.9.                    
        Back to Citation      

[FR Doc. 2024-30630 Filed 12-23-24; 8:45 am]

BILLING CODE 6351-01-P