83 FR 39990 - Agency Information Collection Activities Under OMB Review

COMMODITY FUTURES TRADING COMMISSION

Federal Register Volume 83, Issue 156 (August 13, 2018)

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 83, Number 156 (Monday, August 13, 2018)]
[Notices]
[Pages 39990-39991]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-17334]


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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 September 12, 2018.

ADDRESSES: Comments regarding the burden estimate 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 (OIA) in OMB within 30 days of this notice's 
publication by either of the following methods. Please identify the 
comments by ``OMB Control No. 3038-0007.''
     By email addressed to: [email protected] or
     By mail addressed 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.
    A copy of all comments submitted to OIRA should be sent to the 
Commodity Futures Trading Commission (the ``Commission'') by either of 
the following methods. The copies should refer to ``OMB Control No. 
3038-0007.''

[[Page 39991]]

     Through the Commission's website at http://comments.cftc.gov/. Follow the instructions for submitting comments 
through the website.
     By mail addressed 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 to the same address; or
    Please submit your comments using only one method. 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\ 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.
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    \1\ 17 CFR 145.9.
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    A copy of the supporting statements for the collection of 
information discussed herein may be obtained by visiting http://RegInfo.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. 3038-0007.

SUPPLEMENTARY INFORMATION: 
    Title: Regulation of Domestic Exchange-Traded Options (OMB Control 
No. 3038-0007). This is a request for extension of a currently approved 
information collection.
    Abstract: The rules require futures commission merchants (FCMs) and 
introducing brokers (IBs): (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 FCMs 
and IBs with their obligations concerning disclosure and promotional 
material.
    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. On June 7, 2018, the Commission 
published in the Federal Register notice of the proposed extension of 
this information collection and provided 60 days for public comment on 
the proposed extension, 83 FR 26437 (``60-Day Notice''). The Commission 
did not receive any comments on the 60-Day Notice.
    Burden Statement: The Commission estimates the burden of this 
collection of information as follows:

                                        Estimated Annual Reporting Burden
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                                     Estimated                                                       Estimated
                                     number of        Reports                        Estimated     total number
           Regulation             respondents or    annually by    Total annual   average number    of hours of
                                   recordkeepers       each          responses     of hours per    annual burden
                                     per year       respondent                       response     in fiscal year
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Reporting:
    33.7--(Risk disclosure).....        1,272.00          115.00      146,280.00            0.08       11,702.40
Recordkeeping:
    33.8--(Retention of                 1,272.00            1.00        1,272.00           25.00       31,800.00
     promotional material)......
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        Grand total (reporting    ..............  ..............      147,552.00  ..............       43,502.40
         and recordkeeping).....
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    There are no capital costs or operating and maintenance costs 
associated with this collection.

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

    Dated: August 8, 2018.
Christopher Kirkpatrick,
Secretary of the Commission.
[FR Doc. 2018-17334 Filed 8-10-18; 8:45 am]
 BILLING CODE 6351-01-P