2015-19394
Federal Register, Volume 80 Issue 152 (Friday, August 7, 2015)
[Federal Register Volume 80, Number 152 (Friday, August 7, 2015)]
[Notices]
[Pages 47475-47476]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-19394]
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COMMODITY FUTURES TRADING COMMISSION
Agency Information Collection Activities: Proposed Collection,
Comment Request, Foreign Board of Trade Registration
AGENCY: Commodity Futures Trading Commission.
ACTION: Notice.
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SUMMARY: The Commodity Futures Trading Commission (``CFTC'' or
``Commission'') is announcing an opportunity for public comment on the
proposed collection of certain information by the agency. Under the
Paperwork Reduction Act (``PRA''), Federal agencies are required to
publish notice in the Federal Register concerning each proposed
collection of information and to allow 60 days for public comment. The
Commission adopted on December 5, 2011, a final rule, as authorized by
the Wall Street Reform and Consumer Protection Act (``Dodd-Frank
Act''), requiring foreign boards of trade (``FBOT'') that wish to
provide their identified members or other participants located in the
United States with direct access to their electronic trading and order
matching systems to register with the Commission. This notice solicits
comments on the reporting requirements applicable to FBOTs that apply
for registration and to the reporting requirements applicable to
registered FBOTs as identified in the final rule.
DATES: Comments must be submitted on or before October 6, 2015.
ADDRESSES: You may submit comments, identified by ``FBOT Registration''
or PRA collection 3038-0101 by any of the following methods:
The Agency's Web site, at http://comments.cftc.gov/.
Follow the instructions for submitting comments through the Web site.
Mail: Christopher Kirkpatrick, Secretary of the
Commission, Commodity Futures Trading Commission, Three Lafayette
Centre, 1155 21st Street NW., Washington, DC 20581.
Hand Delivery/Courier: Same as mail above.
Federal eRulemaking Portal: http://www.regulations.gov/.
Follow the instructions for submitting comments through the Portal.
Please submit your comments using only one method.
FOR FURTHER INFORMATION CONTACT: Duane C. Andresen, Associate Director,
Division of Market Oversight, Commodity Futures Trading Commission,
(202) 418-5492; email: [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 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 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.
Title: Information Management Requirements for Registration of
Foreign Boards of Trade (OMB Control No. 3038-0101). This is a request
for extension of a currently approved information collection.
Abstract: Section 738 of the Dodd-Frank Act amended section 4(b) of
the Commodity Exchange Act to provide that the Commission may adopt
rules and regulations requiring FBOTs that wish to provide their
members or other participants located in the United States with direct
access to the FBOT's electronic trading and order matching system to
register with the Commission. Pursuant to this authorization, the CFTC
adopted a final rule requiring FBOTs that wish to permit trading by
direct access to provide certain information to the Commission in
applications for registration and, once registered, to provide certain
information to meet quarterly and annual reporting requirements.
With respect to the 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.
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
[[Page 47476]]
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 Information Collection
Request 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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Burden Statement: The respondent burden for this collection is
estimated to range from 1000 hours for the submission of a new
registration application to two to eight hours per response for
submission of required reports. These estimates include the time to
locate, compile, validate, and verify and disclose and to ensure such
information is maintained.
Respondents/Affected Entities: Foreign Boards of Trade.
Estimated number of respondents: 271.
Estimated total annual burden on respondents: 11,756 hours.
Frequency of collection: Once for new applications, quarterly and
annually for required reports.
(Authority: 44 U.S.C. 3501 et seq.)
Dated: August 3, 2015.
Robert N. Sidman,
Deputy Secretary of the Commission.
[FR Doc. 2015-19394 Filed 8-6-15; 8:45 am]
BILLING CODE 6351-01-P