đź“ŠCFTC Notice on End-User Notification of Non-Cleared Swaps
Agency Information Collection Activities: Notice of Intent To Extend Collection 3038-0085: Rule 50.50 End-User Notification of Non-Cleared Swap
Summary
The Commodity Futures Trading Commission ("CFTC" or "Commission") 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, including each proposed extension of an existing collection of information, and to allow 60 days for public comment. This notice solicits comments on the renewal of the reporting requirement that is embedded in the final rule adopting the end-user exception to the Commission's swap clearing requirement.
Agencies
- Commodity Futures Trading Commission
Business Impact
The document provides information regarding the CFTC's proposal for the renewal of information collection related to non-cleared swaps under Rule 50.50. This impacts businesses involved in swaps as they are required to comply with reporting requirements, affecting operational practices and potential costs.