Federal Register/Vol. 77, No. 224/Tuesday, November 20, 2012
69694 Federal Register / Vol. 77, No. 224 / Tuesday, November 20, 2012 / Notices collection of information is necessary CEA, as well as Federal securities laws, (1) Whether the required trading and for the proper performance of the to provide a comprehensive regulatory clearing of foreign exchange swaps and functions of the Bureau, including regime for swaps. Section 721 of the foreign exchange forwards would create whether the information will have Dodd-Frank Act amends section 1a of systemic risk, lower transparency, or practical uses; (b) the accuracy of the the CEA, which, in relevant part, threaten the financial stability of the above estimate of the burden of the defines the term ‘‘swap’’ and includes United States; proposed information collection; (c) foreign exchange swaps and foreign (2) Whether foreign exchange swaps ways to enhance the quality, usefulness, exchange forwards in the definition.2 and foreign exchange forwards are and clarity of the information to be Section 1a(47)(E) of the CEA authorizes already subject to a regulatory scheme collected; and (d) ways to minimize the the Secretary to make a written that is materially comparable to that reporting burdens on respondents, determination that ‘‘foreign exchange established by the CEA for other classes including the use of automated swaps’’ 3 or ‘‘foreign exchange of swaps; collection techniques or other forms of forwards,’’ 4 or both— (I) should not be (3) The extent to which bank information technology. regulated as swaps under the CEA; and regulators of participants in the foreign Treasury Department PRA Clearance (II) are not structured to evade the exchange market provide adequate Officer: Robert Dahl, Department of the Dodd-Frank Act in violation of any rule supervision, including capital and Treasury, Room 11000, 1750 promulgated by the Commodity Futures margin requirements; Pennsylvania Avenue NW., Washington, Trading Commission (‘‘CFTC’’) pursuant (4) The extent of adequate payment DC 20220.
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