Pursuant to 5 CFR 1320.11(c), OMB files this comment on this information collection request (ICR. The agency shall examine public comment in response to the NPRM and will describe in the supporting statement of its next collection any public comments received regarding the collection as well as why (or why it did not) incorporate the commenterâs recommendation. The next submission to OMB must include the draft final rule.
Inventory as of this Action
Requested
Previously Approved
02/28/2015
36 Months From Approved
02/28/2015
12
0
12
960
0
960
97,000
0
97,000
The Commodity Exchange Act ("CEA") as amended by the Dodd-Frank Wall Street Reform and Consumer Protection Act (the "Dodd-Frank Act") requires swap dealers and major swap participants to comply with certain duties. The Proposed regulations would require recordkeeping in relation to these duties and filing of risk management policies and reports with the Commission. The Commission will use this information to assess compliance with Commission regulations.
The Commission is proposing amendments to its regulations to establish additional standards for compliance with the derivatives clearing organization (DCO) core principles set forth in Section 5b(c)(2) of the Commodity Exchange Act for systemically important DCOs (SIDCO) and DCOs that elect to opt-in to the SIDCO regulatory requirements which would comport with certain international standards. The additional requirements would address any remaining gaps between the Commissions existing regulations and the Principles for Financial Market Infrastructures published by the Committee on Payment and Settlement Systems and the Board of the International Organization of Securities Commissions. The proposed regulations include recordkeeping and reporting requirements that would be collections of information requiring approval under the PRA, which is being sought by amending collection 3038-0081.
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.
General Regulations and Derivatives Clearing Organizations-Subpart C
SIDCO Subsec C DCOs - FINAL Supporting Statement (clean).doc
General Regulations and Derivatives Clearing Organizations-Subpart C