2011-12185
Federal Register, Volume 76 Issue 96 (Wednesday, May 18, 2011)[Federal Register Volume 76, Number 96 (Wednesday, May 18, 2011)]
[Notices]
[Pages 28754-28755]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2011-12185]
=======================================================================
-----------------------------------------------------------------------
COMMODITY FUTURES TRADING COMMISSION
Agency Information Collection Activities: Notice of Intent To
Renew Collection 3038-0026, Gross Collection of Exchange-Set Margins
for Omnibus Accounts
AGENCY: Commodity Futures Trading Commission.
ACTION: Notice.
-----------------------------------------------------------------------
SUMMARY: The Commodity Futures Trading Commission (CFTC) is announcing
an opportunity for public comment on the proposed collection of certain
information by the agency. Under the Paperwork Reduction Act of 1995
(PRA), 44 U.S.C. 3501 et seq., 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 requirements
relating to gross collection of Exchange-Set margins for Omnibus
Accounts.
DATES: Comments must be submitted on or before July 18, 2011.
ADDRESSES: You may submit comments, identified by OMB Control Number
3038-0026, by any of the following methods:
Agency Web site, via its Comments Online process: http://comments.cftc.gov. Follow the instructions for submitting comments
through the Web site.
Mail: Mark Bretscher, Division of Clearing and
Intermediary Oversight, Commodity Futures Trading Commission, 525 W.
Monroe, Suite 1100, Chicago, IL 60661.
Federal eRulemaking Portal: http://www.regulations.gov/search/index.jsp. Follow the instructions for submitting comments.
FOR FURTHER INFORMATION CONTACT: Mark Bretscher, (312) 596-0529; FAX
(312) 596-0711; e-mail: [email protected].
SUPPLEMENTARY INFORMATION: Under the PRA, 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.
With respect to the following 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.
Gross Collection of Exchange-Set Margins for Omnibus Accounts, OMB
Control Number 3038-0026--Extension
Commission Regulation 1.58 requires that FCMs margin omnibus
accounts on a gross, rather than a net, basis. The regulation provides
that the carrying FCM need not collect margin for positions traded by a
person through an omnibus account in excess of the amount that would be
required if the same person, instead of trading through an omnibus
account, maintained its own account with the carrying FCM.
The Commission estimates the burden of this collection of
information as follows:
Estimated number of respondents: 125.
Reports annually by each respondent: 4.
Total annual responses: 500.
Estimated average number of hours per response: .08.
Annual reporting burden: 40.
[[Page 28755]]
There are no capital costs or operating and maintenance costs
associated with this collection.
This estimate is based on the number of written records maintained
in the last three years. Although the burden varies, such records may
involve analytical work and analysis, as well as multiple levels of
review.
Dated: May 12, 2011.
David A. Stawick,
Secretary of the Commission.
[FR Doc. 2011-12185 Filed 5-17-11; 8:45 am]
BILLING CODE 6351-01-P