[Federal Register Volume 84, Number 209 (Tuesday, October 29, 2019)]
[Proposed Rules]
[Pages 57831-57832]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-23595]
=======================================================================
-----------------------------------------------------------------------
COMMODITY FUTURES TRADING COMMISSION
17 CFR Parts 23, 43, 45, and 49
RIN 3038-AE32
Certain Swap Data Repository and Data Reporting Requirements
AGENCY: Commodity Futures Trading Commission.
ACTION: Extension of comment period.
-----------------------------------------------------------------------
SUMMARY: On May 13, 2019, the Commodity Futures Trading Commission
(Commission) published in the Federal Register a notice of proposed
rulemaking (NPRM) titled Certain Swap Data Repository and Data
Reporting Requirements. The comment period for the NPRM was originally
scheduled to close on July 29, 2019. The Commission subsequently
extended the comment period for 90 days to October 28, 2019. The
Commission is further extending the comment period for this NPRM by an
additional 90 days to January 27, 2020.
DATES: The comment period for the NPRM titled Certain Swap Data
Repository and Data Reporting Requirements, published on May 13, 2019
(84 FR 21044), is extended. Comments are due January 27, 2020.
ADDRESSES: You may submit comments, identified by ``Certain Swap Data
Repository and Data Reporting Requirements'' and RIN number 3038-AE32,
by any of the following methods:
CFTC Comments Portal: https://comments.cftc.gov. Select
the ``Submit Comments'' link for this rulemaking and follow the
instructions on the Public Comment Form.
Mail: Send to Christopher Kirkpatrick, Secretary of the
Commission, Commodity Futures Trading Commission, Three Lafayette
Centre, 1155 21st Street NW, Washington, DC 20581.
Hand Delivery/Courier: Follow the same instructions as for
mail, above.
Please submit your comments using only one of these methods. To
avoid possible delays with mail or in-person
[[Page 57832]]
deliveries, submissions through the CFTC Comments Portal are
encouraged.
All comments must be submitted in English, or if not, accompanied
by an English translation. Comments will be posted as received to
https://comments.cftc.gov. 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 (FOIA), a petition for confidential
treatment of the exempt information may be submitted according to the
procedures established in 17 CFR 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://comments.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 rulemaking 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 FOIA.
FOR FURTHER INFORMATION CONTACT: Benjamin DeMaria, Special Counsel,
202-418-5988, [email protected] or Meghan Tente, Acting Associate
Director, 202-418-5785, [email protected]; Division of Market Oversight,
Data and Reporting Branch, Commodity Futures Trading Commission, Three
Lafayette Centre, 1155 21st Street NW, Washington, DC 20581.
SUPPLEMENTARY INFORMATION: On May 13, 2019, the Commission published in
the Federal Register an NPRM proposing amendments to certain
regulations applicable to swap data repositories (SDRs), reporting
counterparties, and other market participants.\1\ The proposed
amendments would, among other things, update requirements for SDRs to
verify swap data with reporting counterparties, update requirements to
correct swap data errors and omissions, and update and clarify certain
SDR operational and governance requirements.
---------------------------------------------------------------------------
\1\ Certain Swap Data Repository and Data Reporting
Requirements, 84 FR 21044 (May 13, 2019).
---------------------------------------------------------------------------
The comment period for the NPRM was scheduled to close on July 29,
2019. The Commission subsequently extended the comment period for the
NPRM by an additional 90 days to October 28, 2019.\2\ At the request of
market participants,\3\ the Commission is again extending the comment
period for this NPRM for an additional 90 days to January 27, 2020.
This extension of the comment period will allow interested persons
additional time to analyze the proposal and prepare their comments.
---------------------------------------------------------------------------
\2\ Certain Swap Data Repository and Data Reporting
Requirements; Extension of Comment Period, 84 FR 35847 (July 25,
2019).
\3\ See Letter from International Swaps and Derivatives
Association and Securities Industry and Financial Markets
Association (October 8, 2019), available at https://comments.cftc.gov/PublicComments/ViewComment.aspx?id=62212&SearchText=.
---------------------------------------------------------------------------
As stated in the NPRM,\4\ the Commission anticipates reopening or
extending the comment period for this NPRM to coincide with the comment
periods for the additional planned rulemakings under the Commission's
Roadmap to Achieve High Quality Swaps Data (``Roadmap''),\5\ in order
to provide market participants with the opportunity to comment
collectively on all rulemakings proposed under the Roadmap. The
Commission does not anticipate further extending the comment period for
this NPRM in the absence of the additional Roadmap rulemakings. In the
instance where the additional Roadmap rulemakings are not proposed
before the expiration of the extended comment period for this NPRM, the
Commission anticipates reopening this comment period when the remaining
Roadmap rulemakings are proposed.
---------------------------------------------------------------------------
\4\ See 84 FR at 21045-21046.
\5\ See CFTC Letter 17-33, Division of Market Oversight
Announces Review of Swap Reporting Rules in Parts 43, 45, and 49 of
Commission Regulations (July 10, 2017), available at http://www.cftc.gov/idc/groups/public/@lrlettergeneral/documents/letter/17-33.pdf; Roadmap to Achieve High Quality Swap Data, available at
http://www.cftc.gov/idc/groups/public/@newsroom/documents/file/dmo_swapdataplan071017.pdf.
Issued in Washington, DC, on October 24, 2019, by the
Commission.
Robert Sidman,
Deputy Secretary of the Commission.
Note: The following appendix will not appear in the Code of
Federal Regulations.
Appendix to Certain Swap Data Repository and Data Reporting
Requirements--Commission Voting Summary
On this matter, Chairman Tarbert and Commissioners Quintenz,
Behnam, Stump, and Berkovitz voted in the affirmative. No
Commissioner voted in the negative.
[FR Doc. 2019-23595 Filed 10-28-19; 8:45 am]
BILLING CODE 6351-01-P