Notice2025-14444
Agency Information Collection Activities: Notice of Intent To Extend Collection 3038-0085: Rule 50.50 End-User Notification of Non-Cleared Swap
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
July 31, 2025
Issuing agencies
Commodity Futures Trading Commission
Abstract
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.
Full Text
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<title>Federal Register, Volume 90 Issue 145 (Thursday, July 31, 2025)</title>
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[Federal Register Volume 90, Number 145 (Thursday, July 31, 2025)]
[Notices]
[Pages 36027-36028]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2025-14444]
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COMMODITY FUTURES TRADING COMMISSION
Agency Information Collection Activities: Notice of Intent To
Extend Collection 3038-0085: Rule 50.50 End-User Notification of Non-
Cleared Swap
AGENCY: Commodity Futures Trading Commission.
ACTION: Notice.
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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.
DATES: Comments must be submitted on or before September 29, 2025.
ADDRESSES: You may submit comments, identified by ``Rule 50.50 End-User
Notification of Non-Cleared Swap, OMB Control No. 3038-0085,'' by any
of the following methods:
<bullet> The CFTC's website, at <a href="http://comments.cftc.gov/">http://comments.cftc.gov/</a>. Follow
the instructions for submitting comments through the website.
<bullet> Mail: Christopher Kirkpatrick, Secretary of the
Commission, Commodity Futures Trading Commission, Three Lafayette
Centre, 1155 21st Street NW, Washington, DC 20581.
<bullet> Hand Delivery/Courier: Same as Mail above.
Please submit your comments using only one method.
FOR FURTHER INFORMATION CONTACT: Eric Schmelzer, Special Counsel, (202)
836-0567, <a href="/cdn-cgi/l/email-protection#82e7f1e1eaefe7eef8e7f0c2e1e4f6e1ace5edf4"><span class="__cf_email__" data-cfemail="94f1e7f7fcf9f1f8eef1e6d4f7f2e0f7baf3fbe2">[email protected]</span></a>, of the Division of Clearing and Risk,
Commodity Futures Trading Commission, Three Lafayette Centre, 1155 21st
Street NW, Washington, DC 20581.
SUPPLEMENTARY INFORMATION: Under the PRA, 44 U.S.C. 3501 et seq.,
Federal agencies must obtain approval from the Office of Management and
Budget (``OMB'') for each collection of information they conduct or
sponsor. ``Collection of Information'' is defined in 44 U.S.C. 3502(3)
and 5 CFR 1320.3
[[Page 36028]]
and includes agency requests or requirements that members of the public
submit reports, keep records, or provide information to a third party.
Section 3506(c)(2)(A) of the PRA, 44 U.S.C. 3506(c)(2)(A), requires
Federal agencies to provide a 60-day notice in the Federal Register
concerning each proposed collection of information, including each
proposed extension of an existing collection of information, before
submitting the collection to OMB for approval. To comply with this
requirement, the CFTC is publishing notice of the proposed extension of
the currently approved collection of information listed below. An
agency may not conduct or sponsor, and a person is not required to
respond to, a collection of information unless it displays a currently
valid OMB control number.\1\
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\1\ 44 U.S.C. 3512, 5 CFR 1320.5(b)(2)(i) and 1320.8 (b)(3)(vi).
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Title: Rule 50.50 End-User Notification of Non-Cleared Swap (OMB
Control No. 3038-0085). This is a request for an extension of a
currently approved information collection.
Abstract: CFTC Rule 50.50 specifies the requirements for eligible
end-users who may elect the end-user exception from the Commission's
swap clearing requirement, as provided under section 2(h)(7) of the
Commodity Exchange Act (``CEA''). Rule 50.50 requires the
counterparties to report certain information to a swap data repository
registered with the Commission, or to the Commission directly, if one
or more counterparties elects the end-user exception. The rule
establishes a reporting requirement for end-users that is critical to
ensuring compliance with the Commission's clearing requirement under
section 2(h)(1) of the CEA and is necessary in order for Commission
staff to prevent abuse of the end-user exception. In addition, this
collection relates to information that the Commission needs to monitor
elections of the end-user exception and to assess market risks.
With respect to the collection of information, the CFTC invites
comments on:
<bullet> Whether the proposed collection of information is
necessary for the proper performance of the functions of the
Commission, including whether the information will have a practical
use;
<bullet> The accuracy of the Commission's estimate of the burden of
the proposed collection of information, including the validity of the
methodology and assumptions used;
<bullet> Ways to enhance the quality, usefulness, and clarity of
the information to be collected; and
<bullet> Ways to minimize the burden of collection of information
on those who are to respond, including through the use of appropriate
automated electronic, mechanical, or other technological collection
techniques or other forms of information technology; e.g., permitting
electronic submission of responses.
All comments must be submitted in English, or if not, accompanied
by an English translation. Comments will be posted as received to
<a href="http://www.cftc.gov">http://www.cftc.gov</a>. You should submit 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 Sec. 145.9 of the Commission's regulations.\2\
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\2\ 17 CFR 145.9.
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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 <a href="http://www.cftc.gov">http://www.cftc.gov</a> 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 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 the Freedom of Information Act.
Burden Statement: The Commission is revising its estimate of the
burden for this collection for eligible end-users electing the end-user
exception under CFTC Rule 50.50. The Commission is increasing its
estimate of the number of respondents from 1,200 to 1,933 based on a
calculated increase in the number of entities electing the exception.
The respondent burden for this collection is estimated to be as
follows:
Estimated Number of Respondents: 1,930.
Estimated Average Burden Hours per Respondent: 0.58 hours.
Estimated Total Annual Burden Hours: 1,119 hours.
Frequency of Collection: On occasion; annually.
There are no capital costs or operating and maintenance costs
associated with this collection.
(Authority: 44 U.S.C. 3501 et seq.)
Dated: July 28, 2025.
Robert Sidman,
Deputy Secretary of the Commission.
[FR Doc. 2025-14444 Filed 7-30-25; 8:45 am]
BILLING CODE 6351-01-P
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