90 FR 46 pgs. 11728-11729 - Agency Information Collection Activities Under OMB Review
Type: NOTICEVolume: 90Number: 46Pages: 11728 - 11729
Pages: 11728, 11729FR document: [FR Doc. 2025-03820 Filed 3-10-25; 8:45 am]
Agency: Commodity Futures Trading Commission
Official PDF Version: PDF Version
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COMMODITY FUTURES TRADING COMMISSION
Agency Information Collection Activities Under OMB Review
AGENCY:
Commodity Futures Trading Commission.
ACTION:
Notice.
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 Information and Regulatory Affairs (OIRA), of 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.
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DATES:
Comments must be submitted on or before April 10, 2025.
ADDRESSES:
Written comments and recommendations for the proposed information collection should be submitted within 30 days of this notice's publication to OIRA, at https://www.reginfo.gov/public/do/PRAMain . Please find this particular information collection by selecting "Currently under 30-day Review-Open for Public Comments" or by using the website's search function. Comments can be entered electronically by clicking on the "comment" button next to the information collection on the "OIRA Information Collections Under Review" page, or the "View ICR-Agency Submission" page. A copy of the supporting statement for the collection of information discussed herein may be obtained by visiting https://www.reginfo.gov/public/do/PRAMain .
In addition to the submission of comments to https://Reginfo.gov as indicated above, a copy of all comments submitted to OIRA may also be submitted to the Commodity Futures Trading Commission (Commission or CFTC) by clicking on the "Submit Comment" box next to the descriptive entry for OMB Control No. 3038-0074, at https://comments.cftc.gov/FederalRegister/PublicInfo.aspx .
Or by either of the following methods:
• 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.
All comments must be submitted in English, or if not, accompanied by an English translation. Comments submitted to the Commission should include 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.
Footnotes:
1 ?17 CFR 145.9.
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:
Title: Core Principles and Other Requirements for Swap Execution Facilities (OMB Control No. 3038-0074). This is a request for revision 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.
On December 26, 2024, the Commission published in the Federal Register notice of the proposed extension of this information collection and provided 60 days for public comment on the proposed extension, 89 FR 105012 ("60-Day Notice"). The Commission did not receive any relevant comments on the 60-Day Notice.
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:? 2
Footnotes:
2 ?At the 60-Day Notice stage, the Commission estimated the total burden at 15,275 hours for 20 respondents. Based upon further review by Commission staff, the Commission has updated its burden estimates as shown above.
Estimated Number of Respondents: 20.
Estimated Average Burden Hours per Respondent: 775 (rounded).
Estimated Total Annual Burden Hours: 15,499.
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: March 5, 2025.
Robert Sidman,
Deputy Secretary of the Commission.
[FR Doc. 2025-03820 Filed 3-10-25; 8:45 am]
BILLING CODE 6351-01-P