83 FR 39990 - Agency Information Collection Activities Under OMB Review
COMMODITY FUTURES TRADING COMMISSION Federal Register Volume 83, Issue 156 (August 13, 2018)
Federal Register Volume 83, Issue 156 (August 13, 2018)
| Page Range | 39990-39991 | |
| FR Document | 2018-17334 |
[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] ----------------------------------------------------------------------- COMMODITY FUTURES TRADING COMMISSION Agency Information Collection Activities Under OMB Review AGENCY: Commodity Futures Trading Commission. ACTION: Notice. ----------------------------------------------------------------------- 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. --------------------------------------------------------------------------- \1\ 17 CFR 145.9. --------------------------------------------------------------------------- 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 ---------------------------------------------------------------------------------------------------------------- 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 ---------------------------------------------------------------------------------------------------------------- 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)...... ------------------------------------------------------------------------------- Grand total (reporting .............. .............. 147,552.00 .............. 43,502.40 and recordkeeping)..... ---------------------------------------------------------------------------------------------------------------- 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
![39990 Federal Register / Vol. 83, No. 156 / Monday, August 13, 2018 / Notices
Division of Market Oversight, With respect to the collection of for this collection is estimated to be as
Commodity Futures Trading information, the CFTC invites follows:
Commission, (202) 418–5492; email: comments on: Estimated number of respondents: 23.
dandresen@cftc.gov. • Whether the proposed collection of Estimated Average Burden Hours Per
information is necessary for the proper Respondent: 375.2 hours.
SUPPLEMENTARY INFORMATION: Under the performance of the functions of the Estimated total annual burden on
PRA, 44 U.S.C. 3501 et seq., Federal Commission, including whether the respondents: 8630 hours.
agencies must obtain approval from the information will have a practical use; Frequency of collection: When a
Office of Management and Budget • The accuracy of the Commission’s reportable event occurs and quarterly
(OMB) for each collection of estimate of the burden of the proposed and annually for required reports.
information they conduct or sponsor. There are no capital costs or operating
collection of information, including the
‘‘Collection of Information’’ is defined and maintenance costs associated with
validity of the methodology and
in 44 U.S.C. 3502(3) and 5 CFR 1320.3 this collection.
assumptions used;
and includes agency requests or • Ways to enhance the quality, Authority: 44 U.S.C. 3501 et seq.
requirements that members of the public usefulness, and clarity of the Dated: August 8, 2018.
submit reports, keep records, or provide information to be collected; and Christopher Kirkpatrick,
information to a third party. Section • Ways to minimize the burden of Secretary of the Commission.
3506(c)(2)(A) of the PRA, 44 U.S.C. collection of information on those who [FR Doc. 2018–17336 Filed 8–10–18; 8:45 am]
3506(c)(2)(A), requires Federal agencies are to respond, including through the BILLING CODE 6351–01–P
to provide a 60-day notice in the use of appropriate automated electronic,
Federal Register concerning each mechanical, or other technological
proposed collection of information, collection techniques or other forms of COMMODITY FUTURES TRADING
including each proposed extension of an information technology; e.g., permitting COMMISSION
existing collection of information, electronic submission of responses.
before submitting the collection to OMB You should submit only information Agency Information Collection
for approval. To comply with this that you wish to make available Activities Under OMB Review
requirement, the CFTC is publishing publicly. If you wish the Commission to AGENCY: Commodity Futures Trading
notice of the proposed collection of consider information that you believe is Commission.
information listed below. An agency exempt from disclosure under the
ACTION: Notice.
may not conduct or sponsor, and a Freedom of Information Act, a petition
person is not required to respond to, a for confidential treatment of the exempt SUMMARY: In compliance with the
collection of information unless it information may be submitted according Paperwork Reduction Act of 1995
displays a currently valid OMB control to the procedures established in § 145.9 (PRA), this notice announces that the
number. of the Commission’s regulations.1 Information Collection Request (ICR)
Title: Registration of Foreign Boards The Commission reserves the right, abstracted below has been forwarded to
of Trade (OMB Control No. 3038–0101). but shall have no obligation, to review, the Office of Management and Budget
This is a request for extension of a pre-screen, filter, redact, refuse or (OMB) for review and comment. The
currently approved information remove any or all of your submission ICR describes the nature of the
collection. from http://www.cftc.gov that it may information collection and its expected
deem to be inappropriate for costs and burden.
Abstract: Section 738 of the Dodd- publication, such as obscene language. DATES: Comments must be submitted on
Frank Act amended section 4(b) of the All submissions that have been redacted or before September 12, 2018.
Commodity Exchange Act to provide or removed that contain comments on ADDRESSES: Comments regarding the
that the Commission may adopt rules the merits of the ICR will be retained in burden estimate or any other aspect of
and regulations requiring foreign boards the public comment file and will be the information collection, including
of trade (FBOT) that wish to provide considered as required under the suggestions for reducing the burden,
their members or other participants Administrative Procedure Act and other may be submitted directly to the Office
located in the United States with direct applicable laws, and may be accessible of Information and Regulatory Affairs
access to the FBOT’s electronic trading under the Freedom of Information Act. (OIA) in OMB within 30 days of this
and order matching system to register notice’s publication by either of the
with the Commission. Pursuant to this Burden Statement
following methods. Please identify the
authorization, the CFTC adopted a final • Collection 3038–0101—Registration comments by ‘‘OMB Control No. 3038–
rule requiring FBOTs that wish to of Foreign Boards of Trade (17 CFR part 0007.’’
permit trading by direct access to 48) • By email addressed to:
provide certain information to the The Commission is revising its OIRAsubmissions@omb.eop.gov or
Commission in applications for estimate of the burden for this collection • By mail addressed to: the Office of
registration and, once registered, to for registered FBOTs, by reducing the Information and Regulatory Affairs,
provide certain information to meet number of FBOTs to which the burden Office of Management and Budget,
quarterly and annual reporting applies. The respondent burden for this Attention Desk Officer for the
requirements. The rule establishes collection is estimated to range from Commodity Futures Trading
reporting and/or recordkeeping two to eight hours per response for
sradovich on DSK3GMQ082PROD with NOTICES
Commission, 725 17th Street NW,
requirements that are required by Part submission of required reports. These Washington, DC 20503.
48 of the Commission’s regulations and estimates include the time to locate, A copy of all comments submitted to
are necessary to ensure that FBOTs compile, validate, and verify and OIRA should be sent to the Commodity
registered to provide for trading by disclose and to ensure such information Futures Trading Commission (the
direct access meet statutory and is maintained. The respondent burden ‘‘Commission’’) by either of the
regulatory requirements on an initial following methods. The copies should
and ongoing basis. 1 17 CFR 145.9. refer to ‘‘OMB Control No. 3038–0007.’’
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![Federal Register / Vol. 83, No. 156 / Monday, August 13, 2018 / Notices 39991
• Through the Commission’s website obscene language. All submissions that (2) to retain all promotional material
at http://comments.cftc.gov/. Follow the have been redacted or removed that and the source of authority for
instructions for submitting comments contain comments on the merits of the information contained therein. The
through the website. ICR will be retained in the public purpose of these rules is to ensure that
• By mail addressed to: Christopher comment file and will be considered as customers are advised of the risks of
Kirkpatrick, Secretary of the required under the Administrative trading commodity interests and to
Commission, Commodity Futures Procedure Act and other applicable avoid fraud and misrepresentation. This
Trading Commission, Three Lafayette laws, and may be accessible under the information collection contains the
Centre, 1155 21st Street NW, Freedom of Information Act. recordkeeping and reporting
Washington, DC 20581; or A copy of the supporting statements requirements needed to ensure
• By Hand Delivery/Courier to the for the collection of information regulatory compliance with Commission
same address; or discussed herein may be obtained by rules relating to this issue. The
Please submit your comments using visiting http://RegInfo.gov. disclosure and recordkeeping
only one method. All comments must be requirements are necessary to monitor
FOR FURTHER INFORMATION CONTACT:
submitted in English, or if not, and to verify compliance by FCMs and
Jacob Chachkin, Special Counsel,
accompanied by an English translation. IBs with their obligations concerning
Comments will be posted as received to Division of Swap Dealer and
Intermediary Oversight, Commodity disclosure and promotional material.
http://www.cftc.gov. You should submit
only information that you wish to make Futures Trading Commission, (202) An agency may not conduct or
available publicly. If you wish the 418–5496; email: jchachkin@cftc.gov, sponsor, and a person is not required to
Commission to consider information and refer to OMB Control No. 3038– respond to, a collection of information
that you believe is exempt from 0007. unless it displays a currently valid OMB
disclosure under the Freedom of SUPPLEMENTARY INFORMATION: control number. On June 7, 2018, the
Information Act, a petition for Title: Regulation of Domestic Commission published in the Federal
confidential treatment of the exempt Exchange-Traded Options (OMB Control Register notice of the proposed
information may be submitted according No. 3038–0007). This is a request for extension of this information collection
to the procedures established in § 145.9 extension of a currently approved and provided 60 days for public
of the Commission’s regulations.1 The information collection. comment on the proposed extension, 83
Commission reserves the right, but shall Abstract: The rules require futures FR 26437 (‘‘60-Day Notice’’). The
have no obligation, to review, pre- commission merchants (FCMs) and Commission did not receive any
screen, filter, redact, refuse or remove introducing brokers (IBs): (1) To provide comments on the 60-Day Notice.
any or all of your submission from their customers with standard risk Burden Statement: The Commission
http://www.cftc.gov that it may deem to disclosure statements concerning the estimates the burden of this collection
be inappropriate for publication, such as risk of trading commodity interests; and of information as follows:
ESTIMATED ANNUAL REPORTING BURDEN
Estimated Estimated Estimated total
Reports
number of average number of
annually Total annual
Regulation respondents or number of hours of
by each responses
recordkeepers hours per annual burden
respondent
per year 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 COMMODITY FUTURES TRADING Under the Paperwork Reduction Act
and maintenance costs associated with COMMISSION (PRA), Federal agencies are required to
this collection. publish notice in the Federal Register
Agency Information Collection concerning each proposed collection of
(Authority: 44 U.S.C. 3501 et seq.) Activities: Notice of Intent To Extend information, including proposed
Dated: August 8, 2018. Collection 3038–0085: Rule 50.50 End- extension of an existing collection of
Christopher Kirkpatrick, User Notification of Non-Cleared Swap information, and to allow 60 days for
Secretary of the Commission. AGENCY: Commodity Futures Trading public comment. This notice solicits
[FR Doc. 2018–17334 Filed 8–10–18; 8:45 am] Commission. comments on the renewal of the
BILLING CODE 6351–01–P ACTION: Notice. reporting requirement that is embedded
in the final rule adopting the end-user
sradovich on DSK3GMQ082PROD with NOTICES
SUMMARY: The Commodity Futures exception to the Commission’s swap
Trading Commission (‘‘CFTC’’ or clearing requirement.
‘‘Commission’’) is announcing an
opportunity for public comment on the DATES: Comments must be submitted on
proposed renewal of a collection of or before October 12, 2018.
certain information by the agency.
1 17 CFR 145.9.
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Document Created: 2018-08-11 00:28:27
Document Modified: 2018-08-11 00:28:27
| 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 September 12, 2018. | |
| 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. | |
| FR Citation | 83 FR 39990 |
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