Terms of the
previous clearance remain in effect. COMMENT: 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 of 1995. 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. Resubmit
when proposed rule is finalized.
Inventory as of this Action
Requested
Previously Approved
11/30/2018
36 Months From Approved
12/31/2018
45
0
45
1,903
0
1,903
0
0
0
Part 39 of the Commission's
regulations establishes risk management requirements for
derivatives clearing organizations (DCOs), which are required to be
registered with the Commission. Part 39 also establishes procedures
for registration of DCOs. The Commission will use the information
in this collection to assess DCOs' and applicants' compliance with
requirements for DCOs prescribed in the Commodity Exchange Act and
Commission regulations.The Commission proposed a new information
collection related to the Commission’s proposed changes to Part 39
of its regulations to establish a regulatory framework for exempt
derivatives clearing organizations (“DCOs”), pursuant to Section
5b(h) of the CEA (7 U.S.C. 7a-1(h)). Specifically, the proposal
would amend Part 39 to specify the conditions and procedures under
which a clearing organization may apply for exemption from
registration as a DCO, the information that must be provided to the
Commission to obtain and maintain such exemption, and procedures
for termination of an exemption. The information that would be
collected under these proposed regulations is necessary for the
Commission to determine whether a clearing organization qualifies
for exemption from DCO registration, to evaluate the continued
eligibility of the exempt DCO for exemption from registration, to
review compliance by the exempt DCO with any conditions of such
exemption, or to conduct its oversight of U.S. persons and the
swaps that are cleared by U.S. persons through the exempt
DCO.
US Code:
7 USC
7a-1 Name of Law: Derivatives Clearing Organization
This submission includes
adjustments to burden hours to account for the Commission’s
proposed requirements for exempt DCOs, including applications for
exemption, regular and event-based reporting, and termination of
exemption.
$43,160
No
Yes
No
No
Yes
No
Uncollected
Herminio Castro 202 418-6705
hcastro@cftc.gov
No
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.