[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:
The Agency's website, at http://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.
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:
[email protected].
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:
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.
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))
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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