OMB files this
comment in accordance with 5 CFR 1320.11( c ). This OMB action is
not an approval to conduct or sponsor an information collection
under the Paperwork Reduction Act of1995. This action has no effect
on any current approvals. If OMB has assigned this ICR a new OMB
Control Number, the OMB Control Number will not appear in the
active inventory. For future submissions of this information
collection, reference the OMB Control Number provided. Pursuant to
5 CFR 1320.11(c), OMB files this comment on this information
collection request (ICR). In accordance with 5 CFR 1320, OMB is
withholding approval at this time. The agency shall examine public
comment in response to the NPRM and will describe in the preamble
of the final rule how the agency has maximized the practical
utility of the collection and minimized the burden. The next
submission to OMB must include the draft final rule.
Inventory as of this Action
Requested
Previously Approved
04/30/2015
36 Months From Approved
04/30/2015
1,198
0
1,198
677,140
0
677,140
150,017,825
0
150,017,825
The proposed regulations in Part 43
impose certain recordkeeping and public reporting requirements on
the following entities; swapts execution facilities ("SEFs")
designed contract markets ("DCMs"); swap data repositories
("SDRs"); major swap participants ("MSPs"); swap dealers ("SDs")
and to the extent that one is created, an entity that will
consolidate and publish real-time swap transaction and pricing data
(a "third party service provider"), to being transparency to the
swaps markets. With respect to the Block Trades, the proposed
regulations seek to amend the collection of information provided
for in §§ 43.4 and 43.6 to part 43 that impose certain
recordkeeping and public reporting requirements on the following
entities; swap execution facilities ("SEFs") designed contract
markets ("DCMs"); swap data repositories ("SDRs"); major swap
participants ("MSPs"); swap dealers ("SDs") and non-SDs/MSPs to
consolidate and publish real-time swap transaction and pricing data
to bring transparency to the swaps markets. Proposed § 43.6(g)
would provide for the election to have swap transactions treated as
block trade or large notional off-facility swap. Proposed §§
43.4(d) and 43.4(h) would require public dissemination of publicly
reportable swaps in other commodity asset class with a mask based
on geographical detail and provide for SDRs to publicly disseminate
swap transaction and pricing data with cap sizes issued by the
Commission.
On behalf of this Federal agency, I certify that
the collection of information encompassed by this request complies
with 5 CFR 1320.9 and the related provisions of 5 CFR
1320.8(b)(3).
The following is a summary of the topics, regarding
the proposed collection of information, that the certification
covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a
benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control
number;
If you are unable to certify compliance with any of
these provisions, identify the item by leaving the box unchecked
and explain the reason in the Supporting Statement.
3-8-12 Block Trade SUPPORTING STATEMENT.doc
Procedures to Establish Appropriate Minimum Block Sizes for Large Notional Off-Facility Swaps and Block Trades