82 FR 33069 - Agency Information Collection Activities Under OMB Review
COMMODITY FUTURES TRADING COMMISSION Federal Register Volume 82, Issue 137 (July 19, 2017)
Federal Register Volume 82, Issue 137 (July 19, 2017)
| Page Range | 33069-33070 | |
| FR Document | 2017-15091 |
[Federal Register Volume 82, Number 137 (Wednesday, July 19, 2017)] [Notices] [Pages 33069-33070] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2017-15091] ======================================================================= ----------------------------------------------------------------------- COMMODITY FUTURES TRADING COMMISSION Agency Information Collection Activities Under OMB Review AGENCY: Commodity Futures Trading Commission. ACTION: Notice of review. ----------------------------------------------------------------------- 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 August 18, 2017. 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. 3038-0103. Please provide the Commission with a copy of all submitted comments at the address listed below. Please refer to OMB Reference No. 3038-0103, 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, and to Christopher Kirkpatrick, Secretary of the Commission, Commodity Futures Trading Commission, Three Lafayette Centre, 1155 21st Street NW., Washington, DC 20581; or through the Agency's Web site at http://comments.cftc.gov. Follow the instructions for submitting comments through the Web site. 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: Richard Mo, Special Counsel, Division of Market Oversight, at 202-418-7637 or [email protected] or David E. Aron, Special Counsel, Division of Market Oversight, at 202-418-6621 or [email protected], and refer to OMB Control No 3038-0103. SUPPLEMENTARY INFORMATION: Title: Ownership and Control Reports, Forms 102/102S, 40/40S, and 71 (Trader and Account Identification Reports) (OMB Control No. 3038- 0103). This is a request for extension of a currently approved information collection. Abstract: The Ownership and Control Reports (OCR) rules \1\ created new information collection requirements via Sec. Sec. 17.01, 18.04, 18.05, and 20.5. Specifically, Sec. 17.01 provides for the filing of Form 102A, Form 102B and Form 71, as follows: --------------------------------------------------------------------------- \1\ See Commission, Final Rule: Ownership and Control Reports, Forms 102/102S, 40/40S, and 71, 78 FR 69178 (November 18, 2013). Terms used herein and not otherwise defined herein shall have the meaning assigned to such terms in the OCR rules or in the Commission's regulations. ---------------------------------------------------------------------------Pursuant to Sec. 17.01(a), futures commission merchants (``FCMs''), clearing members, and foreign brokers shall identify new special accounts to the Commission on Form 102A;\2\ --------------------------------------------------------------------------- \2\ Form 102A is an updated version of old Form 102, which was titled ``Identification of Special Accounts.'' Form 102A collects information with respect to position-based special accounts in the futures market. Form 102A also requires clearing members to identify the individual trading accounts underlying these special accounts. --------------------------------------------------------------------------- pursuant to Sec. 17.01(b), clearing members shall identify volume threshold accounts to the Commission on Form 102B; and pursuant to Sec. 17.01(c), omnibus volume threshold account originators and omnibus reportable sub-account originators shall identify reportable sub-accounts to the Commission on Form 71 when requested via a special call by the Commission or its designee. Additional reporting requirements arise from Sec. 18.04, which results in the collection of information via Form 40 from and regarding traders who own, hold, or control reportable positions; volume threshold account controllers; persons who own volume threshold accounts; reportable sub-account controllers; and persons who own reportable sub-accounts. Reporting requirements also arise from Sec. 20.5(a), which requires 102S reporting entities to submit Form 102S for swap counterparty or customer consolidated accounts with reportable positions. In addition, Sec. 20.5(b) requires every person subject to books or records under current Sec. 20.6 to complete a 40S filing after a special call upon such person by the Commission. In addition to the reporting requirements summarized above, Sec. 18.05 imposes recordkeeping requirements upon: (1) Traders who own, hold, or control a reportable futures or options on futures position; (2) volume threshold account [[Page 33070]] controllers; (3) persons who own volume threshold accounts; (4) reportable sub-account controllers; and (5) persons who own reportable sub-accounts. A 60-day notice of intent to renew collection 3038-0103 (the ``60- Day Notice'') was published in the Federal Register at 82 FR 12944 (March 8, 2017). In response to the 60-day Notice, the Commission received four comment letters from four entities, namely (a) the National Rural Electric Cooperative Association; (b) the Commercial Energy Working Group; (c) the International Energy Credit Association; and (d) Capital Confirmation, Inc. (non-substantive comment). The comment letters are available through the Commission's Web site at: https://comments.cftc.gov/PublicComments/CommentList.aspx?id=1781. Burden Statement: The Commission is updating its burden estimates in response to comment letters received. The Commission estimates the burden of this collection of information as follows: ---------------------------------------------------------------------------------------------------------------- Number of Annualized Total annual reporting burden per industry Estimated wage Annual Type of respondent parties per reporting burden rate industry costs year party (hours) (hours) ---------------------------------------------------------------------------------------------------------------- Form 102A ---------------------------------------------------------------------------------------------------------------- FCMs, clearing members, and 260 106 27,560 $75.13 $2,070,583 foreign brokers................ Form 102B ---------------------------------------------------------------------------------------------------------------- Clearing members................ 175 106 18,550 $75.13 $1,393,662 ---------------------------------------------------------------------------------------------------------------- Form 71 ---------------------------------------------------------------------------------------------------------------- Originators of omnibus volume 762 8 6,096 $75.13 $457,992 threshold accounts or omnibus reportable sub-accounts........ ---------------------------------------------------------------------------------------------------------------- Form 40 (arising from Form 102A) ---------------------------------------------------------------------------------------------------------------- Special account owners and 5,250 5 26,250 $75.13 $1,972,163 controllers.................... ---------------------------------------------------------------------------------------------------------------- Form 40 (arising from Form 102B and Form 71) ---------------------------------------------------------------------------------------------------------------- Volume threshold account 18,920 5 94,600 $75.13 $7,107,298 controllers and owners, reportable sub-account controllers and owners......... ---------------------------------------------------------------------------------------------------------------- Form 102S ---------------------------------------------------------------------------------------------------------------- Clearing members and swap 39 106 4,134 $75.13 $310,587 dealers........................ ---------------------------------------------------------------------------------------------------------------- Form 40S ---------------------------------------------------------------------------------------------------------------- Persons subject to books and 2,508 5 12,540 $75.13 $942,130 records requirements under Sec. 20.6......................... ---------------------------------------------------------------------------------------------------------------- Sec. 18.05 Recordkeeping Burden ---------------------------------------------------------------------------------------------------------------- Volume threshold account 53 5 265 $75.13 $19,909 controllers and owners, reportable sub-account controllers and owners, and traders who own, hold, or control reportable futures or option positions............... ---------------------------------------------------------------------------------------------------------------- Authority: 44 U.S.C. 3501 et seq. Dated: July 12, 2017. Robert N. Sidman, Deputy Secretary of the Commission. [FR Doc. 2017-15091 Filed 7-18-17; 8:45 am] BILLING CODE 6351-01-P
![Federal Register / Vol. 82, No. 137 / Wednesday, July 19, 2017 / Notices 33069
Outreach, and Anecdotal (angler COMMODITY FUTURES TRADING SUPPLEMENTARY INFORMATION:
reported) Data Collection. COMMISSION Title: Ownership and Control Reports,
The committee will review the Forms 102/102S, 40/40S, and 71 (Trader
Agency Information Collection and Account Identification Reports)
Fisherman’s Conservation Best Practices
Activities Under OMB Review (OMB Control No. 3038–0103). This is
Web page; and discuss any other
AGENCY: Commodity Futures Trading a request for extension of a currently
business.
Commission. approved information collection.
Meeting Adjourns Abstract: The Ownership and Control
ACTION: Notice of review.
Reports (OCR) rules 1 created new
The meeting will be broadcast via SUMMARY: In compliance with the information collection requirements via
webinar. You may listen in by Paperwork Reduction Act of 1995 §§ 17.01, 18.04, 18.05, and 20.5.
registering for Outreach & Education (PRA), this notice announces that the Specifically, § 17.01 provides for the
Technical Committee on Tuesday, Information Collection Request (ICR) filing of Form 102A, Form 102B and
August 1, 2017 at: https://register abstracted below has been forwarded to Form 71, as follows:
.gotowebinar.com/register/ the Office of Management and Budget • Pursuant to § 17.01(a), futures
2487568475712856322. (OMB) for review and comment. The commission merchants (‘‘FCMs’’),
ICR describes the nature of the clearing members, and foreign brokers
The Agenda is subject to change, and
information collection and its expected shall identify new special accounts to
the latest version along with other the Commission on Form 102A;2
meeting materials will be posted on the costs and burden.
DATES: Comments must be submitted on
• pursuant to § 17.01(b), clearing
Council’s file server. To access the file members shall identify volume
server, the URL is https:// or before August 18, 2017.
threshold accounts to the Commission
public.gulfcouncil.org:5001/webman/ ADDRESSES: Comments regarding the
on Form 102B; and
index.cgi, or go to the Council’s Web burden estimated or any other aspect of • pursuant to § 17.01(c), omnibus
site and click on the FTP link in the the information collection, including
volume threshold account originators
lower left of the Council Web site suggestions for reducing the burden,
and omnibus reportable sub-account
may be submitted directly to the Office
(http://www.gulfcouncil.org). The originators shall identify reportable sub-
of Information and Regulatory Affairs
username and password are both accounts to the Commission on Form 71
(OIRA) in OMB, within 30 days of the
‘‘gulfguest’’. Click on the ‘‘Library when requested via a special call by the
notice’s publication, by email at
Folder’’, then scroll down to ‘‘Outreach Commission or its designee.
OIRAsubmissions@omb.eop.gov. Please
& Education Technical Committee Additional reporting requirements
identify the comments by OMB Control
meeting—2017–08’’. arise from § 18.04, which results in the
No. 3038–0103. Please provide the
collection of information via Form 40
Although other non-emergency issues Commission with a copy of all
from and regarding traders who own,
not on the agenda may come before the submitted comments at the address
hold, or control reportable positions;
Technical Committee for discussion, in listed below. Please refer to OMB
volume threshold account controllers;
accordance with the Magnuson-Stevens Reference No. 3038–0103, found on
persons who own volume threshold
Fishery Conservation and Management http://reginfo.gov. Comments may also
accounts; reportable sub-account
Act, those issues may not be the subject be mailed to the Office of Information
and Regulatory Affairs, Office of controllers; and persons who own
of formal action during this meeting. reportable sub-accounts.
Actions of the Technical Committee will Management and Budget, Attention:
Reporting requirements also arise
Desk Officer for the Commodity Futures
be restricted to those issues specifically from § 20.5(a), which requires 102S
Trading Commission, 725 17th Street,
identified in the agenda and any issues reporting entities to submit Form 102S
NW., Washington, DC 20503, and to
arising after publication of this notice Christopher Kirkpatrick, Secretary of the for swap counterparty or customer
that require emergency action under Commission, Commodity Futures consolidated accounts with reportable
section 305(c) of the Magnuson-Stevens Trading Commission, Three Lafayette positions. In addition, § 20.5(b) requires
Fishery Conservation and Management Centre, 1155 21st Street NW., every person subject to books or records
Act, provided the public has been Washington, DC 20581; or through the under current § 20.6 to complete a 40S
notified of the Council’s intent to take Agency’s Web site at http:// filing after a special call upon such
action to address the emergency. comments.cftc.gov. Follow the person by the Commission.
instructions for submitting comments In addition to the reporting
Special Accommodations requirements summarized above,
through the Web site.
A copy of the supporting statements § 18.05 imposes recordkeeping
This meeting is physically accessible requirements upon: (1) Traders who
to people with disabilities. Requests for for the collection of information
discussed above may be obtained by own, hold, or control a reportable
sign language interpretation or other futures or options on futures position;
auxiliary aids should be directed to visiting http://reginfo.gov. All
comments must be submitted in (2) volume threshold account
Kathy Pereira at the Gulf Council Office
English, or if not, accompanied by an
(see ADDRESSES), at least 5 working days 1 See Commission, Final Rule: Ownership and
English translation. Comments will be
prior to the meeting. Control Reports, Forms 102/102S, 40/40S, and 71,
posted as received to http://
asabaliauskas on DSKBBXCHB2PROD with NOTICES
78 FR 69178 (November 18, 2013). Terms used
Authority: 16 U.S.C. 1801 et seq. www.cftc.gov. herein and not otherwise defined herein shall have
the meaning assigned to such terms in the OCR
Dated: July 14, 2017. FOR FURTHER INFORMATION CONTACT: rules or in the Commission’s regulations.
Tracey L. Thompson, Richard Mo, Special Counsel, Division 2 Form 102A is an updated version of old Form
Acting Director, Office of Sustainable of Market Oversight, at 202–418–7637 or 102, which was titled ‘‘Identification of Special
rmo@cftc.gov or David E. Aron, Special Accounts.’’ Form 102A collects information with
Fisheries, National Marine Fisheries Service. respect to position-based special accounts in the
[FR Doc. 2017–15150 Filed 7–18–17; 8:45 am]
Counsel, Division of Market Oversight, futures market. Form 102A also requires clearing
at 202–418–6621 or daron@cftc.gov, and members to identify the individual trading accounts
BILLING CODE 3510–22–P
refer to OMB Control No 3038–0103. underlying these special accounts.
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![33070 Federal Register / Vol. 82, No. 137 / Wednesday, July 19, 2017 / Notices
controllers; (3) persons who own Commission received four comment Commission’s Web site at: https://
volume threshold accounts; (4) letters from four entities, namely (a) the comments.cftc.gov/PublicComments/
reportable sub-account controllers; and National Rural Electric Cooperative CommentList.aspx?id=1781.
(5) persons who own reportable sub- Association; (b) the Commercial Energy Burden Statement: The Commission
accounts. Working Group; (c) the International is updating its burden estimates in
A 60-day notice of intent to renew Energy Credit Association; and (d)
collection 3038–0103 (the ‘‘60-Day response to comment letters received.
Capital Confirmation, Inc. (non- The Commission estimates the burden
Notice’’) was published in the Federal substantive comment). The comment
Register at 82 FR 12944 (March 8, 2017). of this collection of information as
letters are available through the follows:
In response to the 60-day Notice, the
Number of Annualized Total annual
reporting burden per industry Estimated Annual
Type of respondent parties per reporting party burden wage rate industry costs
year (hours) (hours)
Form 102A
FCMs, clearing members, and foreign brokers ................... 260 106 27,560 $75.13 $2,070,583
Form 102B
Clearing members ................................................................ 175 106 18,550 $75.13 $1,393,662
Form 71
Originators of omnibus volume threshold accounts or om-
nibus reportable sub-accounts ......................................... 762 8 6,096 $75.13 $457,992
Form 40 (arising from Form 102A)
Special account owners and controllers .............................. 5,250 5 26,250 $75.13 $1,972,163
Form 40 (arising from Form 102B and Form 71)
Volume threshold account controllers and owners, report-
able sub-account controllers and owners ........................ 18,920 5 94,600 $75.13 $7,107,298
Form 102S
Clearing members and swap dealers .................................. 39 106 4,134 $75.13 $310,587
Form 40S
Persons subject to books and records requirements under
§ 20.6 ................................................................................ 2,508 5 12,540 $75.13 $942,130
§ 18.05 Recordkeeping Burden
Volume threshold account controllers and owners, report-
able sub-account controllers and owners, and traders
who own, hold, or control reportable futures or option
positions ........................................................................... 53 5 265 $75.13 $19,909
Authority: 44 U.S.C. 3501 et seq. SUMMARY: In accordance with the • Electronic: http://
Dated: July 12, 2017. Paperwork Reduction Act of 1995 www.regulations.gov. Follow the
Robert N. Sidman, (PRA), the Bureau of Consumer instructions for submitting comments.
Deputy Secretary of the Commission. Financial Protection (Bureau) is • Mail: Consumer Financial
[FR Doc. 2017–15091 Filed 7–18–17; 8:45 am]
requesting to renew the Office of Protection Bureau (Attention: PRA
Management and Budget (OMB) Office), 1700 G Street, NW.,
BILLING CODE 6351–01–P
approval for an existing information Washington, DC 20552.
collection titled, ‘‘CFPB’s Consumer
Response Intake Form.’’ • Hand Delivery/Courier: Consumer
BUREAU OF CONSUMER FINANCIAL Financial Protection Bureau (Attention:
PROTECTION DATES: Written comments are PRA Office), 1275 First Street NE.,
asabaliauskas on DSKBBXCHB2PROD with NOTICES
encouraged and must be received on or Washington, DC 20002.
[Docket No. CFPB–2017–0019]
before September 18, 2017 to be assured Please note that comments submitted
Agency Information Collection of consideration.
after the comment period will not be
Activities: Comment Request ADDRESSES: You may submit comments, accepted. In general, all comments
AGENCY: Bureau of Consumer Financial identified by the title of the information received will become public records,
Protection. collection, OMB Control Number (see including any personal information
below), and docket number (see above), provided. Sensitive personal
ACTION: Notice and request for comment.
by any of the following methods: information, such as account numbers
VerDate Sep<11>2014 18:49 Jul 18, 2017 Jkt 241001 PO 00000 Frm 00031 Fmt 4703 Sfmt 4703 E:\FR\FM\19JYN1.SGM 19JYN1](https://thefederalregister.org/doc/82_FR_33206/page/2.svg)
Document Created: 2017-07-19 06:17:51
Document Modified: 2017-07-19 06:17:51
| 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 of review. | |
| Dates | Comments must be submitted on or before August 18, 2017. | |
| Contact | Richard Mo, Special Counsel, Division of Market Oversight, at 202-418-7637 or [email protected] or David E. Aron, Special Counsel, Division of Market Oversight, at 202-418-6621 or [email protected], and refer to OMB Control No 3038-0103. | |
| FR Citation | 82 FR 33069 |
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