[Federal Register Volume 81, Number 20 (Monday, February 1, 2016)]
[Notices]
[Page 5106]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-01760]


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COMMODITY FUTURES TRADING COMMISSION


Agency Information Collection Activities Under OMB Review

Agency: Commodity Futures Trading Commission.

Action: Notice.

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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 
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 March 2, 2016.

ADDRESSES: Comments regarding the burden estimated or any other aspect 
of the information collection, including suggestions for reducing the 
burden, may be submitted directly to the Office of Information and 
Regulatory Affairs in OMB, within 30 days of publication of the notice, 
by email at <a href="/cdn-cgi/l/email-protection#7c33352e3d0f091e11150f0f1513120f3c13111e5219130c521b130a"><span class="__cf_email__" data-cfemail="85caccd7c4f6f0e7e8ecf6f6eceaebf6c5eae8e7abe0eaf5abe2eaf3">[email protected]</span></a>. Please identify the comments 
by OMB Control No. 3038-0089. Please provide the Commission with a copy 
of all submitted comments at the address listed below. Please refer to 
OMB Reference No. 3038-0089, found on http://reginfo.gov. Comments may 
also be mailed to the Office of Information and Regulatory Affairs, 
Office of Management and Budget, Attention: Desk Officer for the 
Commodity Futures Trading Commission, 725 17th Street NW., Washington, 
DC 20503, and to the Commission through its Web site at http://comments.cftc.gov. Follow the instructions for submitting comments 
through the Web site.
    Comments may also be mailed to: Christopher Kirkpatrick, Secretary 
of the Commission, Commodity Futures Trading Commission, Three 
Lafayette Centre, 1155 21st Street NW., Washington, DC 20581, or by 
Hand Delivery/Courier at the same address.
    A copy of the supporting statements for the collection of 
information discussed above may be obtained by visiting http://
regInfo.gov. 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: Tom Guerin, Division of Market 
Oversight, Commodity Futures Trading Commission, (202) 734-4194, email: 
<a href="/cdn-cgi/l/email-protection#a2d6c5d7c7d0cbcce2c1c4d6c18cc5cdd4"><span class="__cf_email__" data-cfemail="99edfeecfcebf0f7d9faffedfab7fef6ef">[email protected]</span></a>, and refer to OMB Control No. 3038-0089.

SUPPLEMENTARY INFORMATION: 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. The Federal 
Register notice with a 60-day comment period soliciting comments on 
this collection of information was published on November 12, 2015 (80 
FR 69948).
    Title: Swap Data Recordkeeping and Reporting Requirements: Pre-
Enactment and Transition Swaps (OMB Control No. 3038-0089). This is a 
request for extension of a currently approved information collection.
    Abstract: Section 723 of the Dodd-Frank Wall Street Reform and 
Consumer Protection Act (``Dodd-Frank Act'') directed the Commission to 
adopt rules providing for the reporting of data pertaining to swaps 
entered into before the date of enactment of the Dodd-Frank Act (``pre-
enactment swaps'') and swaps entered into on or after the date of 
enactment of the Dodd-Frank Act but prior to the compliance date 
specified in the CFTC's final swap data reporting rules (``transition 
swaps''). On May 17, 2012, the CFTC adopted regulation 46, which 
imposes recordkeeping and reporting requirements relating to pre-
enactment and transition swaps. This ICR concerns the collections of 
information required by 17 CFR part 46.
    Commission staff estimate that approximately 30,125 entities, 
including swap dealers, major swap participants, and swap 
counterparties that are neither swap dealers nor major swap 
participants, are affected by this ICR. The Commission did not receive 
any comments regarding the burden estimate or any other aspect of this 
ICR.
    Burden Statement: Commission staff estimate that the total annual 
time burden for this ICR is 18,903 hours. Commission staff estimate 
that the total annual cost for this ICR is $1,436,258. The time burden 
estimate represents the annual burden that swap dealers, major swap 
participants, and swap counterparties that are neither swap dealers nor 
major swap participants incur to operate and maintain swap 
recordkeeping and reporting systems to facilitate the recordkeeping and 
reporting of pre-enactment and transition swaps. Commission staff 
calculated the time burden by estimating the burden incurred by 
respondents to operate and maintain swap data recordkeeping and 
reporting systems and then estimating the portion of that burden 
associated with pre-enactment and transition swaps. Commission staff 
calculated the cost burden by multiplying the estimated time burden by 
an estimated appropriate hourly wage rate of $75.98. Commission staff 
derived the estimated appropriate hourly wage rate by averaging the 
salaries and bonuses of relevant professions reported in the SIFMA 
Report on Management & Professional Earnings in the Securities Industry 
2013.
    Respondents/Affected Entities: Swap dealers, Major Swap 
Participants, and other counterparties to a swap transaction (i.e., 
end-user, non-swap dealer/non-major swap participant counterparties).
    Estimated Number of Respondents: 30,125.
    Estimated Total Annual Burden on Respondents: 18,903 hours.
    Estimated Total Annual Cost: $1,436,258.
    Frequency of Collection: Ongoing.

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

    Dated: January 27, 2016.
Robert N. Sidman,
Deputy Secretary of the Commission.
[FR Doc. 2016-01760 Filed 1-29-16; 8:45 am]
BILLING CODE 6351-01-P


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