83 FR 26437 - Agency Information Collection Activities: Notice of Intent To Renew Collection Number 3038-0007, Regulation of Domestic Exchange-Traded Options

COMMODITY FUTURES TRADING COMMISSION

Federal Register Volume 83, Issue 110 (June 7, 2018)

Page Range		26437-26438
FR Document		2018-12277

The Commodity Futures Trading Commission (CFTC) is announcing an opportunity for public comment on the proposed extension of a collection of certain information by the agency. Under the Paperwork Reduction Act of 1995 (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 of information, and to allow 60 days for public comment in response to the notice. This notice solicits comments on rules related to risk disclosure concerning exchange-traded commodity options.

Federal Register, Volume 83 Issue 110 (Thursday, June 7, 2018)

[Federal Register Volume 83, Number 110 (Thursday, June 7, 2018)]
[Notices]
[Pages 26437-26438]
From the Federal Register Online [www.thefederalregister.org]
[FR Doc No: 2018-12277]

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COMMODITY FUTURES TRADING COMMISSION

Agency Information Collection Activities: Notice of Intent To
Renew Collection Number 3038-0007, Regulation of Domestic Exchange-
Traded Options

AGENCY: Commodity Futures Trading Commission.

ACTION: Notice; Extension of an Existing Collection.

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SUMMARY: The Commodity Futures Trading Commission (CFTC) is announcing
an opportunity for public comment on the proposed extension of a
collection of certain information by the agency. Under the Paperwork
Reduction Act of 1995 (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 of information, and to allow 60 days for public comment in
response to the notice. This notice solicits comments on rules related
to risk disclosure concerning exchange-traded commodity options.

DATES: Comments must be submitted on or before August 6, 2018.

ADDRESSES: You may submit comments, identified by OMB Control No. 3038-
0007 by any of the following methods:
The Agency's website, via its Comments Online process:
http://comments.cftc.gov. Follow the instructions for submitting
comments through the website.
Mail: Chris Kirkpatrick, Secretary of the Commission,
Commodity Futures Trading Commission, Three Lafayette Centre, 1155 21st
Street NW, Washington, DC 20581.
Delivery/Courier: Same as Mail above.
Please submit your comments using only one method and identify that
it is for the renewal of Collection Number 3038-0007.
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, 74 FR 17395, (Apr. 15, 2009).
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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 ICR 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.

FOR FURTHER INFORMATION CONTACT: Commodity Futures Trading Commission,
Three Lafayette Center, 1155 21st Street NW, Washington, DC 20581;
Jacob Chachkin, Division of Swap Dealer and Intermediary Oversight,
telephone: (202) 418-5496 and email: jchachkin@cftc.gov.

SUPPLEMENTARY INFORMATION: Under the PRA, 44 U.S.C. 3501 et seq.,
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(c) 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, including each proposed extension of an existing
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. 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 OMB control numbers for the Commission's
regulations were published on December 30, 1981.\2\
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\2\ 46 FR 63035 (dec. 30, 1981).
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Title: Rules Relating to Regulation of Domestic Exchange-Traded
Options, OMB Control Number 3038-0007--Extension.
Abstract: The rules require futures commission merchants and
introducing

[[Page 26438]]

brokers: (1) To provide their customers with standard risk disclosure
statements concerning the risk of trading commodity interests; and (2)
to retain all promotional material and the source of authority for
information contained therein. The purpose of these rules is to ensure
that customers are advised of the risks of trading commodity interests
and to avoid fraud and misrepresentation. This information collection
contains the recordkeeping and reporting requirements needed to ensure
regulatory compliance with Commission rules relating to this issue. The
disclosure and recordkeeping requirements are necessary to monitor and
to verify compliance by futures commission merchants (FCMs) and
introducing brokers (IBs) with their obligations concerning disclosure
and promotional material.
With respect to the above 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.
Burden Statement: The Commission estimates the burden of this
collection of information as follows:

Estimated Annual Reporting Burden
--------------------------------------------------------------------------------------------------------------------------------------------------------
Estimated number Estimated Estimated total
of respondents Reports Total annual average number number of hours
Regulation or recordkeepers annually by responses of hours per of annual burden
per year each respondent response in fiscal year
--------------------------------------------------------------------------------------------------------------------------------------------------------
Reporting:
33.7--(Risk disclosure)................................... 1,272.00 115.00 146,280.00 0.08 11,702.40
Recordkeeping:
33.8--(Retention of promotional material)................. 1,272.00 1.00 1,272.00 25.00 31,800.00
Grand total (reporting and recordkeeping)............. ................ ................ 147,552.00 ................ 43,502.40
--------------------------------------------------------------------------------------------------------------------------------------------------------

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

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

Dated: June 4, 2018
Robert Sidman,
Deputy Secretary of the Commission.
[FR Doc. 2018-12277 Filed 6-6-18; 8:45 am]
BILLING CODE 6351-01-P

Federal Register / Vol. 83, No. 110 / Thursday, June 7, 2018 / Notices 26437

performance of the functions of the Dated: June 4, 2018. Information Act, a petition for
Commission, including whether the Robert Sidman, confidential treatment of the exempt
information will have a practical use; Deputy Secretary of the Commission. information may be submitted according
• The accuracy of the Commission’s [FR Doc. 2018–12278 Filed 6–6–18; 8:45 am] to the procedures established in § 145.9
estimate of the burden of the proposed BILLING CODE 6351–01–P
of the Commission’s regulations.1
collection of information, including the The Commission reserves the right,
validity of the methodology and but shall have no obligation, to review,
assumptions used; COMMODITY FUTURES TRADING pre-screen, filter, redact, refuse or
• Ways to enhance the quality, COMMISSION remove any or all of your submission
usefulness, and clarity of the from http://www.cftc.gov that it may
information to be collected; and Agency Information Collection deem to be inappropriate for
• Ways to minimize the burden of Activities: Notice of Intent To Renew publication, such as obscene language.
collection of information on those who Collection Number 3038–0007, All submissions that have been redacted
are to respond, including through the Regulation of Domestic Exchange- or removed that contain comments on
use of appropriate automated electronic, Traded Options the merits of the ICR will be retained in
mechanical, or other technological the public comment file and will be
AGENCY: Commodity Futures Trading
collection techniques or other forms of considered as required under the
Commission.
information technology; e.g., permitting Administrative Procedure Act and other
ACTION: Notice; Extension of an Existing
electronic submission of responses. applicable laws, and may be accessible
Collection. under the Freedom of Information Act.
Burden Statement: Registered entities
must comply with certification and SUMMARY: The Commodity Futures FOR FURTHER INFORMATION CONTACT:
approval requirements which include Trading Commission (CFTC) is Commodity Futures Trading
an explanation and analysis when announcing an opportunity for public Commission, Three Lafayette Center,
seeking to implement new products, comment on the proposed extension of 1155 21st Street NW, Washington, DC
rules, and rule amendments, including a collection of certain information by 20581; Jacob Chachkin, Division of
changes to product terms and the agency. Under the Paperwork Swap Dealer and Intermediary
conditions. The Commission’s Reduction Act of 1995 (PRA), Federal Oversight, telephone: (202) 418–5496
regulations §§ 40.2, 40.3, 40.5, 40.6 and agencies are required to publish notice and email: jchachkin@cftc.gov.
40.10 provide procedures for the in the Federal Register concerning each SUPPLEMENTARY INFORMATION: Under the
submission of rules and rule proposed collection of information, PRA, 44 U.S.C. 3501 et seq., Federal
amendments by designated contract including each proposed extension of an agencies must obtain approval from the
markets, swap execution facilities, existing collection of information, and Office of Management and Budget
derivatives clearing organizations, and to allow 60 days for public comment in (OMB) for each collection of
swap data repositories. They establish response to the notice. This notice information they conduct or sponsor.
the procedures for submitting the solicits comments on rules related to ‘‘Collection of information’’ is defined
‘‘written certification’’ required by risk disclosure concerning exchange- in 44 U.S.C. 3502(3) and 5 CFR
Section 5c of the Act. In connection traded commodity options. 1320.3(c) and includes agency requests
with a product or rule certification, the DATES: Comments must be submitted on or requirements that members of the
registered entity must provide a concise or before August 6, 2018. public submit reports, keep records, or
explanation and analysis of the ADDRESSES: You may submit comments, provide information to a third party.
submission and its compliance with identified by OMB Control No. 3038– Section 3506(c)(2)(A) of the PRA, 44
statutory provisions of the Act. 0007 by any of the following methods: U.S.C. 3506(c)(2)(A), requires Federal
Accordingly, new rules or rule • The Agency’s website, via its agencies to provide a 60-day notice in
amendments must be accompanied by Comments Online process: http:// the Federal Register concerning each
concise explanations and analyses of the comments.cftc.gov. Follow the proposed collection of information,
purposes, operations, and effects of the instructions for submitting comments including each proposed extension of an
submissions. This information may be through the website. existing collection of information,
submitted as part of the same • Mail: Chris Kirkpatrick, Secretary of before submitting the collection to OMB
submission containing the required the Commission, Commodity Futures for approval. To comply with this
‘‘written certification.’’ The Commission Trading Commission, Three Lafayette requirement, the CFTC is publishing
estimates the average burden of this Centre, 1155 21st Street NW, notice of the proposed collection of
collection of information as follows: Washington, DC 20581. information listed below. An agency
• Rules 40.2, 40.3, 40.5, and 40.6 • Delivery/Courier: Same as Mail may not conduct or sponsor, and a
Estimated Number of Respondents: above. person is not required to respond to, a
70. Please submit your comments using collection of information unless it
Annual Responses by each only one method and identify that it is displays a currently valid OMB control
Respondent: 100. for the renewal of Collection Number number. The OMB control numbers for
Estimated Hours per Response: 2. 3038–0007. the Commission’s regulations were
Estimated Total Hours per Year: All comments must be submitted in published on December 30, 1981.2
14,000. English, or if not, accompanied by an Title: Rules Relating to Regulation of
English translation. Comments will be
sradovich on DSK3GMQ082PROD with NOTICES

• Rule 40.10 Domestic Exchange-Traded Options,
posted as received to http:// OMB Control Number 3038–0007—
Estimated Number of Respondents: 3.
www.cftc.gov. You should submit only Extension.
Annual Responses by each information that you wish to make
Respondent: 2. Abstract: The rules require futures
available publicly. If you wish the commission merchants and introducing
Estimated Hours per Response: 5. Commission to consider information
Estimated Total Hours per Year: 30. that you believe is exempt from 1 17 CFR 145.9, 74 FR 17395, (Apr. 15, 2009).
(Authority: 44 U.S.C. 3501 et seq.) disclosure under the Freedom of 2 46 FR 63035 (dec. 30, 1981).

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26438 Federal Register / Vol. 83, No. 110 / Thursday, June 7, 2018 / Notices

brokers: (1) To provide their customers requirements are necessary to monitor validity of the methodology and
with standard risk disclosure statements and to verify compliance by futures assumptions used;
concerning the risk of trading commission merchants (FCMs) and • Ways to enhance the quality,
commodity interests; and (2) to retain introducing brokers (IBs) with their usefulness, and clarity of the
all promotional material and the source obligations concerning disclosure and information to be collected; and
of authority for information contained promotional material.
With respect to the above collection of • Ways to minimize the burden of
therein. The purpose of these rules is to collection of information on those who
ensure that customers are advised of the information, the CFTC invites
comments on: are to respond, including through the
risks of trading commodity interests and use of appropriate automated electronic,
• Whether the proposed collection of
to avoid fraud and misrepresentation. information is necessary for the proper mechanical, or other technological
This information collection contains the performance of the functions of the collection techniques or other forms of
recordkeeping and reporting Commission, including whether the information technology; e.g., permitting
requirements needed to ensure information will have a practical use; electronic submission of responses.
regulatory compliance with Commission • The accuracy of the Commission’s Burden Statement: The Commission
rules relating to this issue. The estimate of the burden of the proposed estimates the burden of this collection
disclosure and recordkeeping collection of information, including the of information as follows:
ESTIMATED ANNUAL REPORTING BURDEN
Estimated num- Reports Estimated aver- Estimated total
ber of respond- annually Total annual age number of number of hours
Regulation ents or record- by each responses hours per of annual burden
keepers per year respondent response in fiscal year

Reporting:
33.7—(Risk disclosure) ............................. 1,272.00 115.00 146,280.00 0.08 11,702.40
Recordkeeping:
33.8—(Retention of promotional material) 1,272.00 1.00 1,272.00 25.00 31,800.00
Grand total (reporting and record-
keeping) ......................................... ............................ ............................ 147,552.00 ............................ 43,502.40

There are no capital costs or operating ADDRESSES: For the addresses for awards grants to two types of entities:
and maintenance costs associated with obtaining and submitting an (1) States and (2) partnerships
this collection. application, please refer to our Common consisting of at least one institution of
(Authority: 44 U.S.C. 3501 et seq.) Instructions for Applicants to higher education (IHE) and at least one
Department of Education Discretionary local educational agency (LEA).
Dated: June 4, 2018 Grant Programs, published in the In this notice, the Department invites
Robert Sidman, Federal Registeron February 12, 2018 applications for partnership grants only.
Deputy Secretary of the Commission. (83 FR 6003) and available at We will invite applications for State
[FR Doc. 2018–12277 Filed 6–6–18; 8:45 am] www.gpo.gov/fdsys/pkg/FR-2018-02-12/ grants in another notice published in
BILLING CODE 6351–01–P pdf/2018-02558.pdf. the Federal Register. Required services
FOR FURTHER INFORMATION CONTACT: under the GEAR UP program are
Karmon Simms-Coates, U.S. Department specified in sections 404D(a) of the
of Education, 400 Maryland Avenue Higher Education Act of 1965, as
DEPARTMENT OF EDUCATION
SW, room 278–54, Washington, DC amended (HEA) (20 U.S.C. 1070a–24(a)),
Applications for New Awards; Gaining 20202–6450. Telephone: (202) 453– and permissible services under the
Early Awareness and Readiness for 7917. Email: Karmon.Simms-Coates@ GEAR UP program are specified in
Undergraduate Programs (Partnership ed.gov. section 404D(b) of the HEA (20 U.S.C.
Grants) If you use a telecommunications 1070a–24(b)). For partnership grantees,
device for the deaf (TDD) or a text activities must include providing
AGENCY: Office of Postsecondary telephone (TTY), call the Federal Relay financial aid information for
Education, Department of Education. Service (FRS), toll free, at 1–800–877– postsecondary education, encouraging
ACTION: Notice. 8339. enrollment in rigorous and challenging
SUPPLEMENTARY INFORMATION: coursework in order to reduce the need
SUMMARY: The Department of Education for remediation at the postsecondary
is issuing a notice inviting applications I. Funding Opportunity Description level, implementing activities to
for new awards for fiscal year (FY) 2018 Purpose of Program: The GEAR UP improve the number of participating
for the Gaining Early Awareness and program is a discretionary grant students who obtain a secondary school
Readiness for Undergraduate Programs program that encourages eligible entities diploma and who complete applications
(GEAR UP) Partnership Grants, Catalog to provide support, and maintain a for and enroll in a program of
of Federal Domestic Assistance (CFDA) postsecondary education. Activities may
sradovich on DSK3GMQ082PROD with NOTICES

commitment, to eligible low-income
number 84.334A. students, including students with also include mentoring, tutoring,
DATES: disabilities, to assist the students in supporting dual or concurrent
Applications Available: June 7, 2018. obtaining a secondary school diploma enrollment programs that support
Deadline for Transmittal of (or its recognized equivalent) and to participating students in science,
Applications: July 13, 2018. prepare for and succeed in technology, engineering, or mathematics
Deadline for Intergovernmental postsecondary education. Under the (STEM), academic and career
Review: September 11, 2018. GEAR UP program, the Department counseling, financial and economic

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Document Created: 2018-06-07 00:50:17
Document Modified: 2018-06-07 00:50:17

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; Extension of an Existing Collection.
Dates		Comments must be submitted on or before August 6, 2018.
Contact		Commodity Futures Trading Commission, Three Lafayette Center, 1155 21st Street NW, Washington, DC 20581; Jacob Chachkin, Division of Swap Dealer and Intermediary Oversight, telephone: (202) 418-5496 and email: [email protected]
FR Citation		83 FR 26437