2015-14332
Federal Register, Volume 80 Issue 113 (Friday, June 12, 2015)
[Federal Register Volume 80, Number 113 (Friday, June 12, 2015)]
[Notices]
[Pages 33490-33491]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-14332]
=======================================================================
-----------------------------------------------------------------------
COMMODITY FUTURES TRADING COMMISSION
Agency Information Collection Activities: Notice of Intent To
Renew Collection Number 3038-0007, Regulation of Domestic Exchange-
Traded Options
AGENCY: Commodity Futures Trading Commission.
ACTION: Notice.
-----------------------------------------------------------------------
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 of 1995 (``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 in response to the notice. This notice solicits comments
on rules related to risk disclosure concerning exchange-traded
commodity options.
DATES: Comments must be submitted on or before August 11, 2015.
ADDRESSES: You may submit comments, identified by ``Regulation of
Domestic Exchange-Traded Options,'' and Collection Number 3038-0007 by
any of the following methods:
The Agency's Web site, via its Comments Online process:
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: Commodity Futures Trading Commission,
Three Lafayette Center, 1155 21st Street NW., Washington, DC 20581;
Dana R. Brown, Division of Market Oversight, telephone: (202) 418-5093
and email: [email protected]; or Jacob Chachkin, Division of Swap Dealer
and Intermediary Oversight, telephone: (202) 418-5496 and 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(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
[[Page 33491]]
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.
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\
---------------------------------------------------------------------------
\1\ 17 CFR 145.9, 74 FR 17395 (Apr. 15, 2009).
---------------------------------------------------------------------------
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.
Title: Rules Relating to Regulation of Domestic Exchange-Traded
Options, OMB Control Number 3038-0007--Extension.
Abstract: The rules require futures commission merchants and
introducing brokers: (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.
An agency may not conduct or sponsor, and person is not required to
respond to, a collection of information unless it displays a currently
valid OMB control number. The OMB control numbers for the Commission's
regulations were published on December 30, 1981.\2\
---------------------------------------------------------------------------
\2\ 46 FR 63035 (Dec. 30, 1981).
---------------------------------------------------------------------------
Burden Statement: The Commission estimates the burden of this
collection of information as follows:
Estimated Annual Reporting Burden
--------------------------------------------------------------------------------------------------------------------------------------------------------
Estimated number Estimated total
of respondents or Reports annually Total annual Estimated average number of hours
Regulation recordkeepers by each responses number of hours of annual burden
per year respondent per response in fiscal year
--------------------------------------------------------------------------------------------------------------------------------------------------------
Reporting:
38.3, 38.4, 40.2 and 40.3 (Procedure for designation 13.00 2.00 26.00 25.00 650.00
or self-certification)..............................
33.7--(Risk disclosure).............................. 1,401.00 115.00 161,115.00 0.08 12,889.20
----------------------------------------------------------------------------------------------
Subtotal (Reporting requirements)................ 1,414.00 ................. 20,151.00 ................. 13,539.20
Recordkeeping:
33.8--(Retention of promotional material)............ 1,401.00 1.00 1,401.00 25.00 35,025.00
----------------------------------------------------------------------------------------------
Subtotal (Recordkeeping requirements)............ 1,401.00 1.00 1,401.00 25.00 35,025.00
==============================================================================================
Grand total (Reporting and Recordkeeping).... 2,815.00 ................. 21,155.20 ................. 48,564.2
--------------------------------------------------------------------------------------------------------------------------------------------------------
There are no capital costs or operating and maintenance costs
associated with this collection.
Authority: 44 U.S.C. 3501 et seq.
Dated: June 8, 2015.
Robert N. Sidman,
Deputy Secretary of the Commission.
[FR Doc. 2015-14332 Filed 6-11-15; 8:45 am]
BILLING CODE 6351-01-P