80 FR 27152 - Agency Information Collection Activities: Notice of Intent To Renew Collection 3038-0021, Regulations Governing Bankruptcies of Commodity Brokers

COMMODITY FUTURES TRADING COMMISSION

Federal Register Volume 80, Issue 91 (May 12, 2015)

Page Range		27152-27153
FR Document		2015-11384

The Commodity Futures Trading Commission (``Commission'' or ``CFTC'') is announcing an opportunity for public comment on the proposed 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, and to allow 60 days for public comment. This notice solicits comments on collections of information provided for by Regulations Governing Bankruptcies of Commodity Brokers.

Federal Register, Volume 80 Issue 91 (Tuesday, May 12, 2015)

[Federal Register Volume 80, Number 91 (Tuesday, May 12, 2015)]
[Notices]
[Pages 27152-27153]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-11384]


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COMMODITY FUTURES TRADING COMMISSION


Agency Information Collection Activities: Notice of Intent To 
Renew Collection 3038-0021, Regulations Governing Bankruptcies of 
Commodity Brokers

AGENCY: Commodity Futures Trading Commission.

ACTION: Notice.

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SUMMARY: The Commodity Futures Trading Commission (``Commission'' or 
``CFTC'') is announcing an opportunity for public comment on the 
proposed 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, and to allow 60 days for public comment. This 
notice solicits comments on collections of information provided for by 
Regulations Governing Bankruptcies of Commodity Brokers.

DATES: Comments must be submitted on or before July 13, 2015.

ADDRESSES: You may submit comments, identified by OMB Control No. 3038-
0021 by any of the following methods:
     The Agency's Web site, at http://comments.cftc.gov/. 
Follow the instructions for submitting comments through the Web site.
     Mail: Christopher Kirkpatrick, Secretary of the 
Commission, Commodity Futures Trading Commission, Three Lafayette 
Centre, 1155 21st Street NW., Washington, DC 20581.
     Hand Delivery/Courier: Same as Mail above.
     Federal eRulemaking Portal: http://www.regulations.gov/. 
Follow the instructions for submitting comments through the Portal.
    Please submit your comments using only one method.

FOR FURTHER INFORMATION CONTACT: Robert Wasserman, Chief Counsel, 
Division of Clearing and Risk, Commodity Futures Trading Commission, 
Three Lafayette Centre, 1155 21st Street NW., Washington, DC 20581; 
(202) 418-5092; email: rwasserman@cftc.gov, and refer to OMB Control 
No. 3038-0021.

SUPPLEMENTARY INFORMATION: Under the PRA, 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 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 before submitting 
the collection to OMB for approval. To comply with this requirement, 
the CFTC is publishing notice of the proposed collection of information 
listed below.
    Title: Regulations Governing Bankruptcies of Commodity Brokers (OMB 
Control No. 3038-0021). This is a request for extension of a currently 
approved information collection.
    Abstract: This collection of information involves recordkeeping and 
notice requirements in the CFTC's bankruptcy rules for commodity broker 
liquidations, 17 CFR part 190. These requirements are intended to 
facilitate the effective, efficient, and fair conduct of liquidation 
proceedings for commodity brokers and to protect the interests of 
customers in these proceedings.
    With respect to the collection of information, the CFTC invites 
comments on:
     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;
     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;
     Ways to enhance the quality, usefulness, and clarity of 
the information to be collected; and
     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 
http://www.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, 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.\1\
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    \1\ 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 http://www.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 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: Commodity broker liquidations occur at 
unpredictable and irregular intervals; for purposes of estimating 
information collection burden this notice assumes an average of one 
commodity broker liquidation every three years. The CFTC further notes 
that the information collection burden will vary in particular 
commodity broker liquidations depending on the size of the commodity 
broker, the extent to which accounts are

[[Page 27153]]

able to be quickly transferred, and other factors specific to the 
circumstances of the liquidation. The Commission estimates the average 
burden of this collection of information as follows:

 Rule 190.02(a)(1)

    Estimated Respondents or Recordkeepers per Year: 0.33.
    Estimated Reports Annually per Respondent or Recordkeeper: 2.
    Estimated Hours per Response: 0.5.
    Estimated Total Hours per Year: 0.33.

 Rule 190.02(a)(2)

    Estimated Respondents or Recordkeepers per Year: 0.33.
    Estimated Reports Annually per Respondent or Recordkeeper: 1.
    Estimated Hours per Response: 2.
    Estimated Total Hours per Year: 0.67.

 Rule 190.02(b)(1)

    Estimated Respondents or Recordkeepers per Year: 0.33.
    Estimated Reports Annually per Respondent or Recordkeeper: 4.
    Estimated Hours per Response: 1.
    Estimated Total Hours per Year: 1.32.

 Rule 190.02(b)(2)

    Estimated Respondents or Recordkeepers per Year: 0.33.
    Estimated Reports Annually per Respondent or Recordkeeper: 10,000.
    Estimated Hours per Response: 0.1.
    Estimated Total Hours per Year: 330.

 Rule 190.02(b)(3)

    Estimated Respondents or Recordkeepers per Year: 0.05 (rarely if 
ever occurs).
    Estimated Reports Annually per Respondent or Recordkeeper: 10,000.
    Estimated Hours per Response: 0.2.
    Estimated Total Hours per Year: 100.

 Rule 190.02(b)(4)

    Estimated Respondents or Recordkeepers per Year: 0.33.
    Estimated Reports Annually per Respondent or Recordkeeper: 10,000.
    Estimated Hours per Response: 0.2.
    Estimated Total Hours per Year: 660.

 Rule 190.02(c)

    Estimated Respondents or Recordkeepers per Year: 0.33.
    Estimated Reports Annually per Respondent or Recordkeeper: 10.
    Estimated Hours per Response: 10.
    Estimated Total Hours per Year: 33.

 Rule 190.03(a)(1)

    Estimated Respondents or Recordkeepers per Year: 0.33.
    Estimated Reports Annually per Respondent or Recordkeeper: 20,000.
    Estimated Hours per Response: 0.01.
    Estimated Total Hours per Year: 0.66.

 Rule 190.03(a)(2)

    Estimated Respondents or Recordkeepers per Year: 0.33.
    Estimated Reports Annually per Respondent or Recordkeeper: 20,000.
    Estimated Hours per Response: 0.02.
    Estimated Total Hours per Year: 132.

 Rule 190.04(b)

    Estimated Respondents or Recordkeepers per Year: 0.33.
    Estimated Reports Annually per Respondent or Recordkeeper: 40,000.
    Estimated Hours per Response: 0.01.
    Estimated Total Hours per Year: 132.

 Rule 190.06(b)

    Estimated Respondents or Recordkeepers per Year: 0.33.
    Estimated Reports Annually per Respondent or Recordkeeper: 1.
    Estimated Hours per Response: 1.
    Estimated Total Hours per Year: 0.33.

 Rule 190.06(d)

    Estimated Respondents or Recordkeepers per Year: 125.
    Estimated Reports Annually per Respondent or Recordkeeper: 1000.
    Estimated Hours per Response: 0.05.
    Estimated Total Hours per Year: 6250.

 Rule 190.10(c)

    Estimated Respondents or Recordkeepers per Year: 125.
    Estimated Reports Annually per Respondent or Recordkeeper: 1000.
    Estimated Hours per Response: 0.05.
    Estimated Total Hours per Year: 6250.

    There are estimated to be no capital costs or operating and 
maintenance costs associated with this collection.

    Authority: 44 U.S.C. 3501 et seq.

    Dated: May 6, 2015.
Robert N. Sidman,
Deputy Secretary of the Commission.
[FR Doc. 2015-11384 Filed 5-11-15; 8:45 am]
 BILLING CODE 6351-01-P

27152 Federal Register / Vol. 80, No. 91 / Tuesday, May 12, 2015 / Notices

OMB Desk Officer: Nicholas A. Fraser, ADDRESSES: You may submit comments, With respect to the collection of
email: Nicholas_A._Fraser@ identified by OMB Control No. 3038– information, the CFTC invites
omb.eop.gov. 0021 by any of the following methods: comments on:
Once submitted, the request will be • The Agency’s Web site, at http:// • Whether the proposed collection of
publicly available in electronic format comments.cftc.gov/. Follow the information is necessary for the proper
through reginfo.gov. Follow the instructions for submitting comments performance of the functions of the
instructions to view Department of through the Web site. Commission, including whether the
Commerce collections currently under • Mail: Christopher Kirkpatrick, information will have a practical use;
review by OMB. Secretary of the Commission, • The accuracy of the Commission’s
Further information can be obtained Commodity Futures Trading estimate of the burden of the proposed
by: Commission, Three Lafayette Centre, collection of information, including the
• Email: InformationCollection@ validity of the methodology and
1155 21st Street NW., Washington, DC
uspto.gov. Include ‘‘0651–0016 copy assumptions used;
20581.
request’’ in the subject line of the • Ways to enhance the quality,
message. • Hand Delivery/Courier: Same as usefulness, and clarity of the
• Mail: Marcie Lovett, Records Mail above. information to be collected; and
Management Division Director, Office of • Federal eRulemaking Portal: http:// • Ways to minimize the burden of
the Chief Information Officer, United www.regulations.gov/. Follow the collection of information on those who
States Patent and Trademark Office, instructions for submitting comments are to respond, including through the
P.O. Box 1450, Alexandria, VA 22313– through the Portal. use of appropriate automated electronic,
1450. Please submit your comments using mechanical, or other technological
Written comments and only one method. collection techniques or other forms of
recommendations for the proposed FOR FURTHER INFORMATION CONTACT: information technology; e.g., permitting
information collection should be sent on Robert Wasserman, Chief Counsel, electronic submission of responses.
or before June 11, 2015 to Nicholas A. Division of Clearing and Risk, All comments must be submitted in
Fraser, OMB Desk Officer, via email to Commodity Futures Trading English, or if not, accompanied by an
Nicholas_A._Fraser@omb.eop.gov, or by Commission, Three Lafayette Centre, English translation. Comments will be
fax to 202–395–5167, marked to the 1155 21st Street NW., Washington, DC posted as received to http://
attention of Nicholas A. Fraser. 20581; (202) 418–5092; email: www.cftc.gov. You should submit only
Dated: May 4, 2015. rwasserman@cftc.gov, and refer to OMB information that you wish to make
Control No. 3038–0021. available publicly. If you wish the
Marcie Lovett,
Commission to consider information
Records Management Division Director, SUPPLEMENTARY INFORMATION: Under the
that you believe is exempt from
USPTO, Office of the Chief Information PRA, Federal agencies must obtain
Officer. disclosure under the Freedom of
approval from the Office of Management Information Act, a petition for
[FR Doc. 2015–11417 Filed 5–11–15; 8:45 am] and Budget (‘‘OMB’’) for each collection confidential treatment of the exempt
BILLING CODE 3510–16–P of information they conduct or sponsor. information may be submitted according
‘‘Collection of Information’’ is defined to the procedures established in § 145.9
in 44 U.S.C. 3502(3) and 5 CFR 1320.3 of the Commission’s regulations.1
COMMODITY FUTURES TRADING and includes agency requests or The Commission reserves the right,
COMMISSION requirements that members of the public but shall have no obligation, to review,
submit reports, keep records, or provide pre-screen, filter, redact, refuse or
Agency Information Collection information to a third party. Section remove any or all of your submission
Activities: Notice of Intent To Renew 3506(c)(2)(A) of the PRA, 44 U.S.C. from http://www.cftc.gov that it may
Collection 3038–0021, Regulations 3506(c)(2)(A), requires Federal agencies deem to be inappropriate for
Governing Bankruptcies of Commodity to provide a 60-day notice in the publication, such as obscene language.
Brokers Federal Register concerning each All submissions that have been redacted
AGENCY: Commodity Futures Trading proposed collection of information or removed that contain comments on
Commission. before submitting the collection to OMB the merits of the Information Collection
ACTION: Notice.
for approval. To comply with this Request will be retained in the public
requirement, the CFTC is publishing comment file and will be considered as
SUMMARY: The Commodity Futures notice of the proposed collection of required under the Administrative
Trading Commission (‘‘Commission’’ or information listed below. Procedure Act and other applicable
‘‘CFTC’’) is announcing an opportunity Title: Regulations Governing laws, and may be accessible under the
for public comment on the proposed Bankruptcies of Commodity Brokers Freedom of Information Act.
collection of certain information by the (OMB Control No. 3038–0021). This is Burden Statement: Commodity broker
agency. Under the Paperwork Reduction a request for extension of a currently liquidations occur at unpredictable and
Act (‘‘PRA’’), Federal agencies are approved information collection. irregular intervals; for purposes of
required to publish notice in the Abstract: This collection of estimating information collection
Federal Register concerning each information involves recordkeeping and burden this notice assumes an average
proposed collection of information, notice requirements in the CFTC’s of one commodity broker liquidation
including each proposed extension of an
mstockstill on DSK4VPTVN1PROD with NOTICES

bankruptcy rules for commodity broker every three years. The CFTC further
existing collection, and to allow 60 days liquidations, 17 CFR part 190. These notes that the information collection
for public comment. This notice solicits requirements are intended to facilitate burden will vary in particular
comments on collections of information the effective, efficient, and fair conduct commodity broker liquidations
provided for by Regulations Governing of liquidation proceedings for depending on the size of the commodity
Bankruptcies of Commodity Brokers. commodity brokers and to protect the broker, the extent to which accounts are
DATES: Comments must be submitted on interests of customers in these
or before July 13, 2015. proceedings. 1 17 CFR 145.9.

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Document Created: 2015-12-16 07:55:12
Document Modified: 2015-12-16 07:55:12

Category		Regulatory Information
Collection		Federal Register
sudoc Class		AE 2.7: GS 4.107: AE 2.106:
Publisher		Office of the Federal Register, National Archives and Records Administration
Section		Notices
Action		Notice.
Dates		Comments must be submitted on or before July 13, 2015.
Contact		Robert Wasserman, Chief Counsel, Division of Clearing and Risk, Commodity Futures Trading Commission, Three Lafayette Centre, 1155 21st Street NW., Washington, DC 20581; (202) 418-5092; email: [email protected], and refer to OMB Control No. 3038-0021.
FR Citation		80 FR 27152