CFTC Alert! OPEN for comment: CFTC is seeking to continue collection of Swap Dealers and Swap participants, Swap Data Recordkeeping and Reporting Requirements, Swap Dealer and Major Swap Participant Conflicts of Interest and Business Conduct Standards
Good afternoon Superstonk! The Commodities Futures Trading Commission has 3 notices surrounding Swaps that can be commented on, let's dig in!
OMB Control No. 3038-0072 applies to the Registration Forms for registration of swap dealers and major swap participants:
https://public-inspection.federalregister.gov/2023-14251.pdf
How to comment:
- 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 (the “Commission” or “CFTC”) by clicking on the “Submit Comment” box next to the descriptive entry for OMB Control Number 3038- 0072, at https://comments.cftc.gov/FederalRegister/PublicInfo.aspx.
- 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.
- 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.
- Comments due 30 days from 7/6/2023
Swap Data Recordkeeping and Reporting Requirements:
- The Commodity Futures Trading Commission (“CFTC” or “Commission”) is announcing an opportunity for public comment on the proposed revision of an information collection 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, including proposed extension of an existing collection of information, and to allow 60 days for public comment.
- This notice solicits comments on the information collections pertaining to the Commission’s swap data recordkeeping and reporting requirements.
- These rules impose recordkeeping and reporting requirements on the following entities: Swap Dealers (“SDs”), Major Swap Participants (“MSPs”), Swap Execution Facilities (“SEFs”), designated contract markets (“DCMs”), swap data repositories (“SDRs”), derivatives clearing organizations (“DCOs”), and swap counterparties that are neither swap dealers nor major swap participants (“non-SD/MSP counterparties”).
https://public-inspection.federalregister.gov/2023-14250.pdf
https://public-inspection.federalregister.gov/2023-14250.pdf
https://public-inspection.federalregister.gov/2023-14250.pdf
https://public-inspection.federalregister.gov/2023-14250.pdf
How to comment:
- You may submit comments, identified by “Revision of Information Collection Pertaining to Swap Data Recordkeeping and Reporting Requirements, OMB Control No. 3038-0096,” by any of the following methods:
- The Agency’s web site, at https://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.
- Please submit your comments using only one method.
- All comments must be submitted in English, or if not, accompanied by an English translation. Comments will be posted as received to https://www.cftc.gov.
- Comments due 60 days from 7/6/2023
Swap Dealer and Major Swap Participant Conflicts of Interest and Business Conduct Standards with Counterparties
https://public-inspection.federalregister.gov/2023-14248.pdf
- This notice solicits comments on the information collections included in certain Commission’s regulations, requiring swap dealers (“SDs”) and major swap participants (“MSPs”) to follow specified procedures and provide specified disclosures in their dealings with counterparties, to adopt and implement conflicts of interest procedures and disclosures, and to maintain specified records related to those requirements.
How to comment:
- Online: The CFTC Comments Portal, on the agency’s website, is available at https://comments.cftc.gov. Select the “Submit Comments” link for this rulemaking and follow the instructions on the Public Comment Form.
- This document is scheduled to be published in the Federal Register on 07/06/2023 and comments due within 60 days from then.
- Mail: Christopher Kirkpatrick, Secretary of the Commission, Commodity Futures Trading Commission, Three Lafayette Centre, 1155 21st Street, NW, Washington, D.C. 20581.
- Hand Delivery/Courier: Follow the same instructions as for Mail above.
- Please submit your comments using only one of these methods.
- All comments must be submitted in English, or if not, accompanied by an English translation.
- Comments will be posted as received to https://www.cftc.gov.
- The Commission reserves the right, but shall have no obligation, to review, prescreen, filter, redact, refuse or remove any or all of your submission from https://www.cftc.gov t hat 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 FOIA.
TLDRS:
- The Commodities Futures Trading Commission has 3 notices surrounding Swaps that can be commented on.
