📊CFTC Notice on Renewal of Information Collection for Swap Dealers
Agency Information Collection Activities: Notice of Intent To Renew Collection 3038-0084: Regulations Establishing and Governing the Duties of Swap Dealers and Major Swap Participants
Summary
The Commodity Futures Trading Commission ("Commission" or "CFTC") is announcing an opportunity for public comments 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 renewal of an existing collection of information, and to allow 60 days for public comment in response to the notice. This notice solicits comments on the collection of information mandated by Commission regulations 23.600 (Risk Management Program for Swap Dealers and Major Swap Participants), 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).
Agencies
- Commodity Futures Trading Commission
Business Impact
$$$ - High
The notice involves a proposal for the renewal of information collection related to compliance obligations for Swap Dealers and Major Swap Participants. Any business in these categories must adhere to stringent risk management and reporting standards, which could affect operational costs and compliance protocols.