2014-12-22 | 2014-28985

Commodity Futures Trading Commission Regulatory Flexibility Agenda

The Commodity Futures Trading Commission published its semiannual regulatory flexibility agenda to list significant rules expected to be proposed or promulgated over the next year. This publication fulfills requirements under the Regulatory Flexibility Act by providing broader notice of potential regulations and enhancing public participation opportunities. The document also details completed actions, such as the exclusion of utility operations-related swaps from specific de minimis thresholds.

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76804 Federal Register / Vol. 79, No. 245 / Monday, December 22, 2014 / Unified Agenda 1The Commission published its definition of a ‘‘small entity’’ for purposes of rulemaking proceedings at 47 FR 18618 (April 30, 1982). Pursuant to that definition, the Commission is not required to—but nonetheless does—list many of the agenda items contained in this regulatory flexibility agenda. See also 5 U.S.C. 602(a)(1). Moreover, for certain items listed in this agenda, the Commission has previously certified, under section 605 of the RFA, 5 U.S.C. 605, that those items will not have a significant economic impact on a substantial number of small entities. For these reasons, the listing of a rule in this regulatory flexibility agenda should not be taken as a determination that the rule, when proposed or promulgated, will in fact require a regulatory flexibility analysis. Rather, the Commission has chosen to publish an agenda that includes significant rules, regardless of their potential impact on small entities, to provide the public with broader notice of new or revised regulations the Commission may consider and to enhance the public’s opportunity to participate in the rulemaking process. COMMODITY FUTURES TRADING COMMISSION 17 CFR Ch. I Regulatory Flexibility Agenda AGENCY: Commodity Futures Trading Commission. ACTION: Semiannual regulatory agenda. SUMMARY: The Commodity Futures Trading Commission, in accordance with the requirements of the Regulatory Flexibility Act, is publishing a semiannual agenda of significant rules that the Commission expects to propose or promulgate over the next year. The Commission welcomes comments from small entities and others on the agenda. FOR FURTHER INFORMATION CONTACT: Willie Charley, Assistant Secretary of the Commission, (202) 418–5461, wcharley@cftc.gov, or Christopher J. Kirkpatrick, Secretary of the Commission, Commodity Futures Trading Commission, Three Lafayette Centre, 1155 21st Street NW., Washington, DC 20581, (202) 418–5964, ckirkpatrick@cftc.gov. SUPPLEMENTARY INFORMATION: The Regulatory Flexibility Act, 5 U.S.C. 601, et seq. (RFA), sets forth a number of requirements for agency rulemaking. Among other things, the RFA requires that: Semiannually, each agency shall publish in the Federal Register a regulatory flexibility agenda that shall contain: (1) A brief description of the subject area of any rule that the agency expects to propose or promulgate, which is likely to have a significant economic impact on a substantial number of small entities; (2) A summary of the nature of any such rule under consideration for each subject area listed in the agenda pursuant to paragraph (1), the objectives and legal basis for the issuance of the rule, and an approximate schedule for completing action on any rule for which the agency has issued a general notice of proposed rulemaking; and (3) The name and telephone number of an agency official knowledgeable about the items listed in paragraph (1). 5 U.S.C. 602(a). The Commission has prepared an agenda of significant rules that it presently expects may be considered during the course of the next year. These rules may have some impact on small entities.1 In this regard, section 602(d) of the RFA, 5 U.S.C. 602(d) provides: ‘‘Nothing in [section 602] precludes an agency from considering or acting on any matter not included in a regulatory flexibility agenda or requires an agency to consider or act on any matter listed in such agenda.’’ The Commission’s Fall 2014 regulatory flexibility agenda is set forth below. Issued in Washington, DC, on October 21, 2014, by the Commission. Christopher J. Kirkpatrick, Secretary of the Commission. mstockstill on DSK4VPTVN1PROD with PROPOSALS6 VerDate Sep<11>2014 02:14 Dec 20, 2014 Jkt 235001 PO 00000 Frm 00002 Fmt 4701 Sfmt 4702 E:\FR\FM\22DEP20.SGM 22DEP20

Federal Register / Vol. 79, No. 245 / Monday, December 22, 2014 / Unified Agenda 76805 COMMODITY FUTURES TRADING COMMISSION—COMPLETED ACTIONS Sequence No. Title Regulation Identifier No. 444 .................... Exclusion of Utility Operations—Related Swaps With Utility Special Entities From De Minimis Threshold for Swaps With Special Entities. 3038–AE19 COMMODITY FUTURES TRADING COMMISSION (CFTC) Completed Actions 444. Exclusion of Utility Operations— Related Swaps With Utility Special Entities From de Minimis Threshold for Swaps With Special Entities Legal Authority: 7 U.S.C. 1a et seq. Abstract: The Commodity Futures Trading Commission amended its regulations to permit a person to exclude utility operations-related swaps with utility special entities in calculating the aggregate gross national amount of the person’s swap positions solely for purposes of the de minimis exception applicable to swaps with special entities. Timetable: Action Date FR Cite NPRM .................. 06/02/14 79 FR 31238 NPRM Comment Period End. 07/02/14 Final Action ......... 09/26/14 79 FR 57767 Regulatory Flexibility Analysis Required: Yes. Agency Contact: Erik Remmler, Deputy Director, Division of Swap Dealer and Intermediary Oversight, Commodity Futures Trading Commission, Three Lafayette Center, 1155 21st Street NW., Washington, DC 20581, Phone: 202 418–7630, Email: eremmler@cftc.gov. Israel Goodman, Special Counsel, Division of Swap Dealer and Intermediary Oversight, Commodity Futures Trading Commission, Three Lafayette Center, 1155 21st Street NW., Washington, DC 20581, Phone: 202 418– 6715, Email: igoodman@cftc.gov. RIN: 3038–AE19 [FR Doc. 2014–28985 Filed 12–19–14; 8:45 am] BILLING CODE 6351–01–P mstockstill on DSK4VPTVN1PROD with PROPOSALS6 VerDate Sep<11>2014 02:14 Dec 20, 2014 Jkt 235001 PO 00000 Frm 00003 Fmt 4701 Sfmt 9990 E:\FR\FM\22DEP20.SGM 22DEP20

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Vol. 79 Monday, No. 245 December 22, 2014 Part XXI Bureau of Consumer Financial Protection Semiannual Regulatory Agenda VerDate Sep<11>2014 03:12 Dec 20, 2014 Jkt 235001 PO 00000 Frm 00001 Fmt 4717 Sfmt 4717 E:\EUNICE\22DEP21.SGM 22DEP21 ebenthall on DSK5SPTVN1PROD with PROPOSALS3