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[Federal Register Volume 89, Number 247 (Thursday, December 26, 2024)]
[Notices]
[Pages 105012-105013]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-30630]

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COMMODITY FUTURES TRADING COMMISSION

Agency Information Collection Activities: Notice of Intent To 
Extend Collection 3038-0074: Core Principles and Other Requirements for 
Swap Execution Facilities

AGENCY: Commodity Futures Trading Commission.

ACTION: Notice.

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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: [email protected], 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,

[[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 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 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.
[FR Doc. 2024-30630 Filed 12-23-24; 8:45 am]
BILLING CODE 6351-01-P
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