Regulations Establishing and
Governing the Duties of Swap Dealers and Major Swap
Participants
Extension without change of a currently approved collection
No
Regular
05/08/2025
Requested
Previously Approved
36 Months From Approved
06/30/2025
2,120
2,033
121,847
122,890
12,184,700
12,289,000
On April 3, 2012 the Commission
adopted Commission regulations 23.600 (Risk Management Program),
23.601 (Monitoring of Position Limits), 23.602 (Diligent
Supervision), 23.603 (Business Continuity and Disaster Recovery)
23.606 (General Information: Availability for Disclosure and
Inspection), and 23.607 (Antitrust Considerations) pursuant to
section 4s(j) of the Commodity Exchange Act (“CEA”). The above
regulations adopted by the Commission would, among other things,
require swap dealers (“SD”) and major swap participants (“MSP”) to
develop a risk management program (including a plan for business
continuity and disaster recovery and policies and procedures
designed to ensure compliance with applicable position limits). The
Commission believes that the information collection obligations
imposed by the above regulations are essential to ensuring that
swap dealers and major swap participants maintain adequate and
effective risk management programs and policies and procedures to
ensure compliance with position limits.
In light of the current number
of Commission-registered SDs, the total number of respondents has
decreased from 107 to 106, which reduces the total burden by 1043
hours and results in a decrease of $104,300 in total respondent
costs since the last renewal. There are currently no Commission
registered MSPs. The changes mostly occur in the estimated burden
and cost per respondent. The estimated burden increased from
1,148.5 hours to 1,149.5 hours per respondent, and the cost
increased from $114,850 to $114,950 per respondent. These increases
reflect the separation of the “filing of emergency contact
information” and “documenting business continuity testing and
audit” requirements. In the prior renewal, estimated burden and
cost calculations were combined for these two requirements and
treated as one requirement. Since the filing of emergency contact
information is a reporting requirement and the documentation of
business continuity testing and audit is a recordkeeping
requirement, separating these requirements provides a more accurate
burden calculation for these two requirements.
No
No
No
No
Yes
No
No
Thuy Dinh 202 418-5128
tdinh@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.
(2025)-30-Day FR Notice-3038-0084.pdf
(2025) Supporting Statement - 3038-0084 5.08.25. final .docx
Regulation Establishing and Governing the Duties of Swap Dealers and Major Swap Dealers