2016-15472

Federal Register, Volume 81 Issue 126 (Thursday, June 30, 2016)

[Federal Register Volume 81, Number 126 (Thursday, June 30, 2016)]

[Notices]

[Pages 42668-42669]

From the Federal Register Online via the Government Publishing Office [www.gpo.gov]

[FR Doc No: 2016-15472]

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COMMODITY FUTURES TRADING COMMISSION

Agency Information Collection Activities: Notice of Intent To

Renew Collection 3038-0005, Rules Relating to the Operations and

Activities of Commodity Pool Operators and Commodity Trading Advisors

and to Monthly Reporting by Futures Commission Merchants

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, including each proposed extension of an

existing collection of information, and to allow 60 days for public

comment. This notice solicits comments on requirements relating to

reporting and recordkeeping by Commodity Pool Operators and Commodity

Trading Advisors.

DATES: Comments must be submitted on or before August 29, 2016.

ADDRESSES: You may submit comments, identified by ``Renewal of

Collection Relating to the Operations and Activities of Commodity Pool

Operators and Commodity Trading Advisors and to Monthly Reporting by

Futures Commission Merchants'' 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: Amanda Olear, Associate Director,

Division of Swap Dealer and Intermediary Oversight, Commodity Futures

Trading Commission, 1155 21st St. NW., Washington, DC 20581, (202) 418-

5283; email: [email protected], and refer to OMB Control No. 3038-0005.

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: Rules Relating to the Operations and Activities of Commodity

Pool Operators and Commodity Trading Advisors and to Monthly Reporting

by Futures Commission Merchants (OMB Control No. 3038-0005). This is a

request for extension of a currently approved information collection.

Abstract: Pursuant to the Commodity Exchange Act, as amended by the

Dodd-Frank Wall Street Reform and Consumer Protection Act (``Dodd-Frank

Act''), Public Law 111-203, 124 Stat. 1376 (2010), the Commission

promulgated rules and forms relating to registration and compliance

with the Commission regulations applicable to intermediaries, and

employees and principals thereof, operating in the futures, options,

swaps, and retail forex markets. As part of the Commission's rulemaking

effort, the

[[Page 42669]]

Commission amended the compliance regime for Commodity Pool Operators,

which is part of a previously approved information collection, through

the adoption of a compliance regime applicable to Commodity Pool

Operators of Registered Investment Companies, 78 FR 52308 (Aug. 22,

2013).

The disclosure, filing, and recordkeeping requirements within part

4 of the Commission's regulations were established to assist customers,

to facilitate the Commission and the National Futures Association

(``NFA'') in monitoring compliance with the part 4 rules, and to enable

the Commission to better monitor the market risks posed by the

Commission's registrants. The information collections are necessary to

enable the Commission and NFA to accomplish the purposes of the

compliance regime set forth in part 4 enumerated above.

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 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.

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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 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.

Burden Statement: The respondent burden for this collection is

estimated to be 4 hours \2\ per response.

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\2\ This has been rounded down from 4.0348.

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Respondents/Affected Entities: Commodity Pool Operators, Commodity

Trading Advisors.

Estimated Number of Respondents: 48,046.

Estimated Total Annual Burden Hours on Respondents: 276,060

hours.\3\

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\3\ The estimated total burden hours for the collections have

been rounded down slightly, based on the estimated burden hour per

response of 4.0348.

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Frequency of Collection: Periodically.

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

Dated: June 24, 2016.

Robert N. Sidman,

Deputy Secretary of the Commission.

[FR Doc. 2016-15472 Filed 6-29-16; 8:45 am]

BILLING CODE 6351-01-P

 

Last Updated: June 30, 2016