2016-01139
Federal Register, Volume 81 Issue 13 (Thursday, January 21, 2016)
[Federal Register Volume 81, Number 13 (Thursday, January 21, 2016)]
[Notices]
[Pages 3391-3392]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-01139]
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COMMODITY FUTURES TRADING COMMISSION
Agency Information Collection Activities Under OMB Review
AGENCY: Commodity Futures Trading Commission.
ACTION: Notice.
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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 February 22, 2016.
ADDRESSES: Comments regarding the burden estimated 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 (``OIRA'') in OMB, within 30 days of the notice's
publication, by email at [email protected]. Please identify
the comments by OMB Control No. 3038-0080. Please provide the Commodity
Futures Trading Commission (``CFTC'' or ``Commission'') with a copy of
all submitted comments at the address listed below. Please refer to OMB
Reference No. 3038-0080, found on http://reginfo.gov. Comments may also
be mailed 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,
or through the Agency's Web site at http://comments.cftc.gov. Follow
the instructions for submitting comments through the Web site.
Comments may also be mailed 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 at the same address.
A copy of the supporting statements for the collection of
information discussed above may be obtained by visiting http://reginfo.gov. All
[[Page 3392]]
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.
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. 3038-0080.
SUPPLEMENTARY INFORMATION:
Title: Annual Report for Chief Compliance Officer of Registrants
(OMB Control No. 3038-0080). This is a request for an extension of a
currently approved information collection.
Abstract: On April 3, 2012, the Commission adopted Commission
regulation 3.3 (Chief Compliance Officer) \1\ under sections 4d(d) and
4s(k) \2\ of the Commodity Exchange Act (``CEA''). Commission
regulation 3.3 requires each futures commission merchant (``FCM''),\3\
swap dealer (``SD''),\4\ and major swap participant (``MSP'') \5\ to
designate, by filing a form 8-R, a chief compliance officer who is
responsible for developing and administering policies and procedures
that fulfill certain duties of the FCM, SD, or MSP and that are
reasonably designed to ensure the registrant's compliance with the CEA
and Commission regulations; establishing procedures for the remediation
of noncompliance issues identified by the chief compliance officer;
establishing procedures for the handling, management response,
remediation, retesting, and closing of noncompliance issues; preparing,
signing, certifying and filing with the Commission an annual compliance
report that contains the information specified in the regulations;
amending the annual report if material errors or omissions are
identified; and maintaining records of the registrant's compliance
policies and procedures and records related to the annual report.
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\1\ 17 CFR 3.3.
\2\ 7 U.S.C. 6d(d) and 6s(k).
\3\ For the definition of FCM, see section 1a(28) of the CEA and
Commission regulation 1.3(p). 7 U.S.C. 1a(28) and 17 CFR 1.3(p).
\4\ For the definition of SD, see section 1a(49) of the CEA and
Commission regulation 1.3(ggg). 7 U.S.C. 1a(49) and 17 CFR 1.3(ggg).
\5\ For the definitions of MSP, see section 1a(33) of the CEA
and Commission regulation 1.3(hhh). 7 U.S.C. 1a(33) and 17 CFR
1.3(hhh).
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The information collection obligations imposed by Commission
regulation 3.3 are essential to ensuring that FCMs, SDs, and MSPs
maintain comprehensive policies and procedures that promote compliance
with the CEA and Commission regulations. In particular, the Commission
believes that, among other things, these obligations (i) promote
compliance behavior through periodic self-evaluation, (ii) inform the
Commission of possible compliance weaknesses, (iii) assist the
Commission in determining whether the registrant remains in compliance
with the CEA and Commission regulations, and (iv) help the Commission
to assess whether the registrant has mechanisms in place to adequately
address compliance problems that could lead to a failure of the
registrant.
Burden Statement: In light of the current number of Commission-
registered FCMs, SDs, and MSPs, the Commission revised its estimate of
the burden for this collection. Accordingly, the respondent burden for
this collection is estimated to be as follows:
Number of Registrants: 178.
Estimated Average Burden Hours per Registrant: 1,006.
Estimated Aggregate Burden Hours: 179,068.
Frequency of Recordkeeping/Third-party Disclosure: Annually or on
occasion.
Authority: 44 U.S.C. 3501 et seq.
Dated: January 15, 2016.
Robert N. Sidman,
Deputy Secretary of the Commission.
[FR Doc. 2016-01139 Filed 1-20-16; 8:45 am]
BILLING CODE 6351-01-P
Last Updated: January 21, 2016