60-Day Notice

Federal Register / Vol. 80, No. 206 / Monday, October 26, 2015 / Notices
Dated: 16 October 2015, in Washington,
DC.
Thomas Luebke,
Secretary.
[FR Doc. 2015–26859 Filed 10–23–15; 8:45 am]
BILLING CODE 6330–01–M

COMMODITY FUTURES TRADING
COMMISSION
Agency Information Collection
Activities: Notice of Intent To Renew
Collection: Clearing Member Risk
Management
Commodity Futures Trading
Commission.
ACTION: Notice.
AGENCY:

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 and to allow 60 days for
public comment. In 2012, the
Commission adopted final rules, which
address risk management for cleared
trades by futures commission merchants
(‘‘FCMs’’), swap dealers (‘‘SDs), and
major swap participants (‘‘MSPs’’) that
are clearing members. This notice
solicits comments on the obligation to
maintain records related to clearing
documentation between the customer
and the customer’s clearing member.
DATES: Comments must be submitted on
or before December 28, 2015.
ADDRESSES: You may submit comments,
identified by ‘‘OMB Control No. 3038–
0094,’’ by any of the following methods:
• The Agency’s Web site, at http://
comments.cftc.gov/. Follow the
instructions for submitting comments
through the Web site.
• 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.
• Federal eRulemaking Portal: http://
www.regulations.gov/. Follow the
instructions for submitting comments
through the Portal.
Please submit your comments using
only one method.
FOR FURTHER INFORMATION CONTACT:
Christopher Hower, Special Counsel,
Division of Clearing and Risk,

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SUMMARY:

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Commodity Futures Trading
Commission, (202) 418–6703; email:
chower@cftc.gov.
SUPPLEMENTARY INFORMATION: Under the
PRA, 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
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.
Title: Clearing Member Risk
Management (OMB Control No. 3038–
0094). This is a request for extension of
a currently approved information
collection.
Abstract: Section 3(b) of the
Commodity Exchange Act (‘‘Act’’)
provides that one of the purposes of the
Act is to ensure the financial integrity
of all transactions subject to the Act and
to avoid systemic risk. Section 8a(5)
authorizes the Commission to
promulgate such regulations that it
believes are reasonably necessary to
effectuate any of the provisions or to
accomplish any of the purposes of the
Act. Risk management systems are
critical to the avoidance of systemic
risks.
Section 4s(j)(2) requires each SD and
MSP to have risk management systems
adequate for managing its business.
Section 4s(j)(4) requires each SD and
MSP to have internal systems and
procedures to perform any of the
functions set forth in Section 4s.
Section 4d requires FCMs to register
with the Commission. It further requires
FCMs to segregate customer funds.
Section 4f requires FCMs to maintain
certain levels of capital. Section 4g
establishes reporting and recordkeeping
requirements for FCMs. Pursuant to
these provisions, the Commission
adopted § 1.73 which applies to clearing
members that are FCMs and § 23.609
which applies to clearing members that
are SDs or MSPs. These provisions
require these clearing members to have
procedures to limit the financial risks
they incur as a result of clearing trades
and liquid resources to meet the
obligations that arise. The regulations
require clearing members to:

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(1) Establish credit and market riskbased limits based on position size,
order size, margin requirements, or
similar factors;
(2) use automated means to screen
orders for compliance with the riskbased limits;
(3) monitor for adherence to the riskbased limits intra-day and overnight;
(4) conduct stress tests of all positions
in the proprietary account and all
positions in any customer account that
could pose material risk to the futures
commission merchant at least once per
week;
(5) evaluate its ability to meet initial
margin requirements at least once per
week;
(6) evaluate its ability to meet
variation margin requirements in cash at
least once per week;
(7) evaluate its ability to liquidate the
positions it clears in an orderly manner,
and estimate the cost of the liquidation
at least once per month; and
(8) test all lines of credit at least once
per quarter.
Each of these items has been observed
by Commission staff as an element of an
existing sound risk management
program at an SD, MSP, or FCM. The
Commission regulations require each
clearing member to establish written
procedures to comply with this
regulation and to keep records
documenting its compliance. The
information collection obligations
imposed by the regulations are
necessary to implement certain
provisions of the Act, including
ensuring that registrants exercise
effective risk management and for the
efficient operation of trading venues
among SDs, MSPs, and FCMs. 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.
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,

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Federal Register / Vol. 80, No. 206 / Monday, October 26, 2015 / Notices

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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 http://
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 § 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 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 Information Collection
Request 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 respondent
burden for this collection is estimated to
average 2 hours per response for an
estimated annual burden of 504 hours
per respondent. This estimate includes
the total time, effort, or financial
resources expended by persons to
generate, maintain, retain, disclose, or
provide information to or for a federal
agency.
Respondents/Affected Entities: Swap
dealers, Major Swap Participants, and
Futures Commission Merchants.
Estimated number of respondents:
239 (105 Swap Dealers and Major Swap
Participants and 134 Futures
Commission Merchants).
Estimated number of responses: 253.
Estimated total annual burden on
respondents: 120,456 hours.
Frequency of collection: As needed.
There are no capital costs or operating
and maintenance costs associated with
this collection.
(Authority: 44 U.S.C. 3501 et seq.)
Dated: October 21, 2015.
Robert N. Sidman,
Deputy Secretary of the Commission.
[FR Doc. 2015–27164 Filed 10–23–15; 8:45 am]
BILLING CODE P
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CFR 145.9.

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CONSUMER PRODUCT SAFETY
COMMISSION
[Docket No. CPSC–2012–0034]

Agency Information Collection
Activities; Proposed Collection;
Comment Request; Baby Bouncers
and Walker-Jumpers
Consumer Product Safety
Commission.
ACTION: Notice.
AGENCY:

As required by the Paperwork
Reduction Act of 1995 (44 U.S.C.
chapter 35), the Consumer Product
Safety Commission (‘‘CPSC’’ or
‘‘Commission’’) requests comments on a
proposed extension of approval of a
collection of information relating to
certain children’s articles known as
baby-bouncers and walker-jumpers,
approved previously under OMB
Control No. 3041–0019. The
Commission will consider all comments
received in response to this notice
before requesting an extension of this
collection of information from the Office
of Management and Budget (‘‘OMB’’).
DATES: Submit written or electronic
comments on the collection of
information by December 28, 2015.
ADDRESSES: You may submit comments,
identified by Docket No. CPSC–2012–
0034, by any of the following methods:
Electronic Submissions: Submit
electronic comments to the Federal
eRulemaking Portal at: http://
www.regulations.gov. Follow the
instructions for submitting comments.
The Commission does not accept
comments submitted by electronic mail
(email), except through
www.regulations.gov. The Commission
encourages you to submit electronic
comments by using the Federal
eRulemaking Portal, as described above.
Written Submissions: Submit written
submissions by mail/hand delivery/
courier to: Office of the Secretary,
Consumer Product Safety Commission,
Room 820, 4330 East West Highway,
Bethesda, MD 20814; telephone (301)
504–7923.
Instructions: All submissions received
must include the agency name and
docket number for this notice. All
comments received may be posted
without change, including any personal
identifiers, contact information, or other
personal information provided, to:
http://www.regulations.gov. Do not
submit confidential business
information, trade secret information, or
other sensitive or protected information
that you do not want to be available to
the public. If furnished at all, such
information should be submitted in
writing.
SUMMARY:

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Docket: For access to the docket to
read background documents or
comments received, go to: http://
www.regulations.gov, and insert the
docket number CPSC–2012–0034, into
the ‘‘Search’’ box, and follow the
prompts.
FOR FURTHER INFORMATION CONTACT:

Robert H. Squibb, Consumer Product
Safety Commission, 4330 East West
Highway, Bethesda, MD 20814; (301)
504–7815, or by email to: rsquibb@
cpsc.gov.
CPSC
seeks to renew the following currently
approved collection of information:
Title: Ban of Certain Articles Known
as Baby-Bouncers or Walker-Jumpers.
OMB Number: 3041–0019.
Type of Review: Renewal of
collection.
Frequency of Response: On occasion.
Affected Public: Manufacturers and
importers of baby-bouncers or walkerjumpers.
Estimated Number of Respondents: 33
firms that supply baby-bouncers or
walker-jumpers to the United States
market have been identified; there are
approximately 4 new models per firm
annually.
Estimated Time per Response: 30
minutes/model associated with labeling
requirements and 1 hour/model
associated with recordkeeping
requirements.
Total Estimated Annual Burden: 132
hours on recordkeeping (33 firms × 1
hour × 4 models) and 66 hours for
labeling (33 firms × 1⁄2 hour × 4 models)
for a total annual burden of 198 hours
per year.
General Description of Collection:
Under 16 CFR 1500.18(a)(6), certain
articles known as ‘‘baby-bouncers’’ and
‘‘walker-jumpers’’ which are intended to
support very young children while
sitting, bouncing, jumping, and/or
reclining, are banned if they are
designed in such a way that exposed
parts present hazards such as
amputation, crushing, laceration,
fracture, hematoma, bruise, or other
injury to fingers, toes, or other parts of
the anatomy of young children. An
exemption from the ban is provided at
16 CFR 1500.86(a)(4) if the products are
designed to guard against or prevent
those same injuries. Among other
requirements, the regulations require
manufacturers, including importers, to
meet the collection of information
requirements for labeling and
recordkeeping requirements.
Products that are the subject of this
information collection are
distinguishable from the infant bouncer
seats that are the subject of the

SUPPLEMENTARY INFORMATION:

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