81 FR 5105 - Agency Information Collection Activities Under OMB Review

COMMODITY FUTURES TRADING COMMISSION

Federal Register Volume 81, Issue 20 (February 1, 2016)

Page Range		5105-5106
FR Document		2016-01758

In compliance with the Paperwork Reduction Act of 1995 (``PRA''), this notice announces that the Information Collection Request (``ICR'') abstracted below has been forwarded to the Office of Management and Budget (``OMB'') for review and comment. The ICR describes the nature of the information collection and its expected costs and burden.

Federal Register, Volume 81 Issue 20 (Monday, February 1, 2016)

[Federal Register Volume 81, Number 20 (Monday, February 1, 2016)]
[Notices]
[Pages 5105-5106]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-01758]


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COMMODITY FUTURES TRADING COMMISSION


Agency Information Collection Activities Under OMB Review

AGENCY: Commodity Futures Trading Commission.

ACTION: Notice.

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SUMMARY: In compliance with the Paperwork Reduction Act of 1995 
(``PRA''), this notice announces that the Information Collection 
Request (``ICR'') abstracted below has been forwarded to the Office of 
Management and Budget (``OMB'') for review and comment. The ICR 
describes the nature of the information collection and its expected 
costs and burden.

DATES: Comments must be submitted on or before March 2, 2016.

ADDRESSES: Comments regarding the burden estimated or any other aspect 
of the information collection, including suggestions for reducing the 
burden, may be submitted directly to the Office of Information and 
Regulatory Affairs (``OIRA'') in OMB, within 30 days of the notice's 
publication, by email at [email protected]. Please identify 
the comments by OMB Control No. 3038-0078. Please provide the Commodity 
Futures Trading Commission (``CFTC'' or ``Commission'') with a copy of 
all submitted comments at the address listed below. Please refer to OMB 
Reference No. 3038-0078, found on http://reginfo.gov. Comments may also 
be mailed to the Office of Information and Regulatory Affairs, Office 
of Management and Budget, Attention: Desk Officer for the Commodity 
Futures Trading Commission, 725 17th Street NW., Washington, DC 20503, 
or submitted through the Agency's Web site at http://comments.cftc.gov. 
Follow the instructions for submitting comments through the Web site.
    Comments may also be mailed to: Christopher Kirkpatrick, Secretary 
of the Commission, Commodity Futures Trading Commission, Three 
Lafayette Centre, 1155 21st Street NW., Washington, DC 20581 or by Hand 
Delivery/Courier at the same address.
    A copy of the supporting statements for the collection of 
information discussed above may be obtained by visiting http://
RegInfo.gov. 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.

FOR FURTHER INFORMATION CONTACT: Jacob Chachkin, Special Counsel, 
Division of Swap Dealer and Intermediary Oversight, Commodity Futures 
Trading Commission, (202) 418-5496, email: [email protected], and 
refer to OMB Control No. 3038-0078.

SUPPLEMENTARY INFORMATION:
    Title: Conflicts of Interest Policies and Procedures by Futures 
Commission Merchants and Introducing Brokers (OMB Control No. 3038-
0078). This is a request for an extension of a currently approved 
information collection.
    Abstract: On April 3, 2012, the Commission adopted Commission 
regulation 1.71 (Conflicts of interest policies and procedures by 
futures commission merchants and introducing brokers) \1\ pursuant to 
section 4d(c) \2\ of the Commodity Exchange Act (``CEA''). Commission 
regulation 1.71 requires generally that, among other things, futures 
commission merchants (``FCM'') \3\ and introducing brokers (``IB'') \4\ 
develop conflicts of interest procedures and disclosures, adopt and 
implement written policies and procedures reasonably designed to ensure 
compliance with their conflicts of interest and disclosure obligations, 
and maintain specified records related to those requirements.\5\ The 
Commission believes that the information collection obligations imposed 
by Commission regulation 1.71 are essential (i) to ensuring that FCMs 
and IBs develop and maintain the conflicts of interest systems, 
procedures and disclosures required by the CEA, and Commission 
regulations, and (ii) to the effective evaluation of these registrants' 
actual compliance with the CEA and Commission regulations. 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. The Commission did not receive any comments on the 60-
day Federal Register notice, 80 FR 73732, dated November 25, 2015.
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    \1\ 17 CFR 1.71.
    \2\ 7 U.S.C. 6d(c).
    \3\ For the definition of FCM, see section 1a(28) of the CEA and 
Commission regulation 1.3(p). 7 U.S.C. 1a(28) and 17 CFR 1.3(p).
    \4\ For the definition of IB, see section 1a(31) of the CEA and 
Commission regulation 1.3(mm). 7 U.S.C. 1a(31) and 17 CFR 1.3(mm).
    \5\ See 17 CFR 1.71.
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    Burden Statement: The Commission is revising its estimate of the 
burden for this collection to reflect the current number of registered 
FCMs and IBs. Accordingly, the respondent burden for this collection is 
estimated to be as follows:
    Number of Registrants: 1,362.\6\
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    \6\ Reflects a slight reduction in the number of registered FCMs 
and IBs provided in the 60-day Federal Register notice, 80 FR 73732 
(November 25, 2015).
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    Estimated Average Burden Hours per Registrant: 44.5.
    Estimated Aggregate Burden Hours: 60,609.
    Frequency of Recordkeeping/Third-party Disclosure: As applicable.

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


[[Page 5106]]


    Dated: January 27, 2016.
Robert N. Sidman,
Deputy Secretary of the Commission.
[FR Doc. 2016-01758 Filed 1-29-16; 8:45 am]
 BILLING CODE 6351-01-P

Federal Register / Vol. 81, No. 20 / Monday, February 1, 2016 / Notices 5105

Written comments concerning the (‘‘PRA’’), this notice announces that the a request for an extension of a currently
proposed action and the environmental Information Collection Request (‘‘ICR’’) approved information collection.
review should be directed to NMFS as abstracted below has been forwarded to Abstract: On April 3, 2012, the
described above (see ADDRESSES). All the Office of Management and Budget Commission adopted Commission
comments and materials received, (‘‘OMB’’) for review and comment. The regulation 1.71 (Conflicts of interest
including names and addresses, will ICR describes the nature of the policies and procedures by futures
become part of the administrative record information collection and its expected commission merchants and introducing
and may be released to the public. costs and burden. brokers) 1 pursuant to section 4d(c) 2 of
Public Scoping Process DATES: Comments must be submitted on the Commodity Exchange Act (‘‘CEA’’).
or before March 2, 2016. Commission regulation 1.71 requires
Public scoping will be conducted generally that, among other things,
ADDRESSES: Comments regarding the
through this notice. Further futures commission merchants
burden estimated or any other aspect of
participation by the public will occur (‘‘FCM’’) 3 and introducing brokers
the information collection, including
throughout the Council’s decision- (‘‘IB’’) 4 develop conflicts of interest
suggestions for reducing the burden,
making process. All decisions during procedures and disclosures, adopt and
may be submitted directly to the Office
the Council process benefit from written implement written policies and
of Information and Regulatory Affairs
and oral public comments delivered procedures reasonably designed to
(‘‘OIRA’’) in OMB, within 30 days of the
prior to or during the Council meeting. ensure compliance with their conflicts
notice’s publication, by email at
These public comments are considered of interest and disclosure obligations,
OIRAsubmissions@omb.eop.gov. Please
integral to scoping for developing this and maintain specified records related
identify the comments by OMB Control
EIS. Council meetings that offer to those requirements.5 The
No. 3038–0078. Please provide the
opportunities for public involvement Commission believes that the
Commodity Futures Trading
include the April 9–14, 2016, meeting in information collection obligations
Commission (‘‘CFTC’’ or
Vancouver, Washington (Hilton imposed by Commission regulation 1.71
‘‘Commission’’) with a copy of all
Vancouver Washington, 301 W. 6th are essential (i) to ensuring that FCMs
submitted comments at the address
Street, Vancouver, WA 98660). Future and IBs develop and maintain the
listed below. Please refer to OMB
opportunities for public involvement conflicts of interest systems, procedures
Reference No. 3038–0078, found on
have yet to be determined but will be and disclosures required by the CEA,
http://reginfo.gov. Comments may also
posted in the Council Briefing Book (on and Commission regulations, and (ii) to
be mailed to the Office of Information
the Council’s Web site (http:// the effective evaluation of these
and Regulatory Affairs, Office of
www.pcouncil.org/council-operations/ registrants’ actual compliance with the
Management and Budget, Attention:
briefing-books/) prior to the meeting. CEA and Commission regulations. An
Desk Officer for the Commodity Futures
For further information on these agency may not conduct or sponsor, and
Trading Commission, 725 17th Street
meetings, visit the Council’s Web site, a person is not required to respond to,
NW., Washington, DC 20503, or
http://www.pcouncil.org/council- a collection of information unless it
submitted through the Agency’s Web
operations/council-meetings/future- displays a currently valid OMB control
site at http://comments.cftc.gov. Follow
meetings/. number. The Commission did not
the instructions for submitting
Special Accommodations comments through the Web site. receive any comments on the 60-day
Comments may also be mailed to: Federal Register notice, 80 FR 73732,
The Council meetings are physically dated November 25, 2015.
accessible to people with disabilities. Christopher Kirkpatrick, Secretary of the
Commission, Commodity Futures Burden Statement: The Commission
Requests for sign language is revising its estimate of the burden for
interpretation or other auxiliary aids Trading Commission, Three Lafayette
Centre, 1155 21st Street NW., this collection to reflect the current
should be directed to Kris Kleinschmidt number of registered FCMs and IBs.
at Kris.Kleinschmidt@noaa.gov or (503) Washington, DC 20581 or by Hand
Delivery/Courier at the same address. Accordingly, the respondent burden for
820–2280 at least 5 days prior to the this collection is estimated to be as
meeting date. A copy of the supporting statements
for the collection of information follows:
Authority: 16 U.S.C. 1801 et seq. discussed above may be obtained by Number of Registrants: 1,362.6
Dated: January 27, 2016. visiting http://RegInfo.gov. All Estimated Average Burden Hours per
Emily H. Menashes, comments must be submitted in Registrant: 44.5.
Deputy Director, Office of Sustainable English, or if not, accompanied by an Estimated Aggregate Burden Hours:
Fisheries, National Marine Fisheries Service. English translation. Comments will be 60,609.
[FR Doc. 2016–01759 Filed 1–29–16; 8:45 am] posted as received to http:// Frequency of Recordkeeping/Third-
BILLING CODE 3510–22–P
www.cftc.gov. party Disclosure: As applicable.
FOR FURTHER INFORMATION CONTACT: Authority: 44 U.S.C. 3501 et seq.
Jacob Chachkin, Special Counsel,
COMMODITY FUTURES TRADING Division of Swap Dealer and 1 17 CFR 1.71.
COMMISSION Intermediary Oversight, Commodity 27 U.S.C. 6d(c).
Futures Trading Commission, (202) 3 For the definition of FCM, see section 1a(28) of

Agency Information Collection 418–5496, email: jchachkin@cftc.gov, the CEA and Commission regulation 1.3(p). 7 U.S.C.
1a(28) and 17 CFR 1.3(p).
rmajette on DSK2TPTVN1PROD with NOTICES

Activities Under OMB Review and refer to OMB Control No. 3038– 4 For the definition of IB, see section 1a(31) of the
0078.
AGENCY: Commodity Futures Trading CEA and Commission regulation 1.3(mm). 7 U.S.C.
Commission. SUPPLEMENTARY INFORMATION: 1a(31) and 17 CFR 1.3(mm).
5 See 17 CFR 1.71.
ACTION: Notice. Title: Conflicts of Interest Policies and 6 Reflects a slight reduction in the number of
Procedures by Futures Commission registered FCMs and IBs provided in the 60-day
SUMMARY: In compliance with the Merchants and Introducing Brokers Federal Register notice, 80 FR 73732 (November 25,
Paperwork Reduction Act of 1995 (OMB Control No. 3038–0078). This is 2015).

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5106 Federal Register / Vol. 81, No. 20 / Monday, February 1, 2016 / Notices

Dated: January 27, 2016. Commission with a copy of all reporting requirements relating to pre-
Robert N. Sidman, submitted comments at the address enactment and transition swaps. This
Deputy Secretary of the Commission. listed below. Please refer to OMB ICR concerns the collections of
[FR Doc. 2016–01758 Filed 1–29–16; 8:45 am] Reference No. 3038–0089, found on information required by 17 CFR part 46.
BILLING CODE 6351–01–P
http://reginfo.gov. Comments may also Commission staff estimate that
be mailed to the Office of Information approximately 30,125 entities, including
and Regulatory Affairs, Office of swap dealers, major swap participants,
COMMODITY FUTURES TRADING Management and Budget, Attention: and swap counterparties that are neither
COMMISSION Desk Officer for the Commodity Futures swap dealers nor major swap
Trading Commission, 725 17th Street participants, are affected by this ICR.
Sunshine Act Meetings NW., Washington, DC 20503, and to the The Commission did not receive any
Commission through its Web site at comments regarding the burden
TIME AND DATE: 10:00 a.m., Friday, http://comments.cftc.gov. Follow the
February 5, 2016. estimate or any other aspect of this ICR.
instructions for submitting comments
PLACE: Three Lafayette Centre, 1155 21st through the Web site. Burden Statement: Commission staff
Street NW., Washington, DC, 9th Floor Comments may also be mailed to: estimate that the total annual time
Commission Conference Room. Christopher Kirkpatrick, Secretary of the burden for this ICR is 18,903 hours.
STATUS: Closed. Commission, Commodity Futures Commission staff estimate that the total
MATTERS TO BE CONSIDERED: Trading Commission, Three Lafayette annual cost for this ICR is $1,436,258.
Surveillance, enforcement, and Centre, 1155 21st Street NW., The time burden estimate represents the
examinations matters. In the event that Washington, DC 20581, or by Hand annual burden that swap dealers, major
the time, date, or location of this Delivery/Courier at the same address. swap participants, and swap
meeting changes, an announcement of A copy of the supporting statements counterparties that are neither swap
the change, along with the new time, for the collection of information dealers nor major swap participants
date, and/or place of the meeting will be discussed above may be obtained by incur to operate and maintain swap
posted on the Commission’s Web site at visiting http://regInfo.gov. All recordkeeping and reporting systems to
http://www.cftc.gov. comments must be submitted in facilitate the recordkeeping and
English, or if not, accompanied by an reporting of pre-enactment and
CONTACT PERSON FOR MORE INFORMATION:
English translation. Comments will be transition swaps. Commission staff
Christopher Kirkpatrick, 202–418–5964.
posted as received to http:// calculated the time burden by
Natise Allen, www.cftc.gov. estimating the burden incurred by
Executive Assistant. respondents to operate and maintain
FOR FURTHER INFORMATION CONTACT: Tom
[FR Doc. 2016–01850 Filed 1–28–16; 4:15 pm] swap data recordkeeping and reporting
Guerin, Division of Market Oversight, systems and then estimating the portion
BILLING CODE 6351–01–P Commodity Futures Trading of that burden associated with pre-
Commission, (202) 734–4194, email: enactment and transition swaps.
tguerin@cftc.gov, and refer to OMB Commission staff calculated the cost
COMMODITY FUTURES TRADING Control No. 3038–0089.
COMMISSION burden by multiplying the estimated
SUPPLEMENTARY INFORMATION: An agency time burden by an estimated
Agency Information Collection may not conduct or sponsor, and a appropriate hourly wage rate of $75.98.
Activities Under OMB Review person is not required to respond to, a Commission staff derived the estimated
collection of information unless it appropriate hourly wage rate by
AGENCY: Commodity Futures Trading displays a currently valid OMB control averaging the salaries and bonuses of
Commission. number. The Federal Register notice relevant professions reported in the
ACTION: Notice. with a 60-day comment period soliciting SIFMA Report on Management &
comments on this collection of Professional Earnings in the Securities
SUMMARY: In compliance with the information was published on
Paperwork Reduction Act of 1995 Industry 2013.
November 12, 2015 (80 FR 69948).
(‘‘PRA’’), this notice announces that the Title: Swap Data Recordkeeping and Respondents/Affected Entities: Swap
Information Collection Request (‘‘ICR’’) Reporting Requirements: Pre-Enactment dealers, Major Swap Participants, and
abstracted below has been forwarded to and Transition Swaps (OMB Control No. other counterparties to a swap
the Office of Management and Budget 3038–0089). This is a request for transaction (i.e., end-user, non-swap
(‘‘OMB’’) for review and comment. The extension of a currently approved dealer/non-major swap participant
ICR describes the nature of the information collection. counterparties).
information collection and its expected Abstract: Section 723 of the Dodd- Estimated Number of Respondents:
costs and burden. Frank Wall Street Reform and Consumer 30,125.
DATES: Comments must be submitted on Protection Act (‘‘Dodd-Frank Act’’) Estimated Total Annual Burden on
or before March 2, 2016. directed the Commission to adopt rules Respondents: 18,903 hours.
ADDRESSES: Comments regarding the providing for the reporting of data
burden estimated or any other aspect of pertaining to swaps entered into before Estimated Total Annual Cost:
the information collection, including the date of enactment of the Dodd-Frank $1,436,258.
suggestions for reducing the burden, Act (‘‘pre-enactment swaps’’) and swaps Frequency of Collection: Ongoing.
rmajette on DSK2TPTVN1PROD with NOTICES

may be submitted directly to the Office entered into on or after the date of (Authority: 44 U.S.C. 3501 et seq.)
of Information and Regulatory Affairs in enactment of the Dodd-Frank Act but
OMB, within 30 days of publication of prior to the compliance date specified in Dated: January 27, 2016.
the notice, by email at the CFTC’s final swap data reporting Robert N. Sidman,
OIRAsubmissions@omb.eop.gov. Please rules (‘‘transition swaps’’). On May 17, Deputy Secretary of the Commission.
identify the comments by OMB Control 2012, the CFTC adopted regulation 46, [FR Doc. 2016–01760 Filed 1–29–16; 8:45 am]
No. 3038–0089. Please provide the which imposes recordkeeping and BILLING CODE 6351–01–P

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Document Created: 2016-01-30 01:17:27
Document Modified: 2016-01-30 01:17:27

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 March 2, 2016.
Contact		Jacob Chachkin, Special Counsel, Division of Swap Dealer and Intermediary Oversight, Commodity Futures Trading Commission, (202) 418-5496, email: [email protected], and refer to OMB Control No. 3038-0078.
FR Citation		81 FR 5105