2018-02300
Federal Register, Volume 83 Issue 25 (Tuesday, February 6, 2018)
[Federal Register Volume 83, Number 25 (Tuesday, February 6, 2018)]
[Notices]
[Pages 5250-5251]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-02300]
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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 March 8, 2018.
ADDRESSES: Comments regarding the burden estimate 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 this notice's
publication by either of the following methods. Please identify the
comments by ``OMB Control No. 3038-0026.''
By email addressed to: [email protected] or
By mail addressed 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.
A copy of all comments submitted to OIRA should be sent to the
Commodity Futures Trading Commission (the ``Commission'') by either of
the following methods. The copies should refer to ``OMB Control No.
3038-0026.''
By mail addressed to: Christopher Kirkpatrick, Secretary
of the Commission, Commodity Futures Trading Commission, Three
Lafayette Centre, 1155 21st Street NW, Washington, DC 20581;
By Hand Delivery/Courier to the same address; or
Through the Commission's website at http://comments.cftc.gov. Please follow the instructions for submitting
comments through the website.
A copy of the supporting statement for the collection of information
discussed herein may be obtained by visiting http://RegInfo.gov.
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\ 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 ICR 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.
FOR FURTHER INFORMATION CONTACT: Mark Bretscher, Division of Swap
Dealers and Intermediary Oversight, Commodity Futures Trading
Commission, 525 W Monroe, Suite 1100, Chicago, IL 60661, (312) 596-
0529; email: [email protected] and refer to OMB Control No. 3038-
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0026.
SUPPLEMENTARY INFORMATION:
Title: Gross Collection of Exchange-Set Margins for Omnibus
Accounts (OMB Control No. 3038-0026). This is a request for extension
of a currently approved information collection.
Abstract: Commission Regulation 1.58 requires futures commission
merchants to collect exchange-set margin for omnibus accounts on a
gross, rather than a net, basis. The regulation provides that the
carrying future commission merchant (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. To prevent abuse of this
[[Page 5251]]
exception to the regulation, a carrying FCM must maintain a written
representation from the originating FCM or foreign broker that the
particular positions held in the omnibus account are part of a hedge or
spread transaction. This collection of information is necessary in
order to provide documentation that can be inspected with regard to
questions of proper compliance with gross margining requirements. This
rule is promulgated pursuant to the Commission's rulemaking authority
contained in Sections 4c, 4d, 4f, 4g and 8a of the Commodity Exchange
Act, 7 U.S.C. 6c, 6d, 6f, 6g and 12a.
An agency may not conduct or sponsor, and a person is not required
to respond to, a collection of information unless it displays a
currently valid OMB control number. The Federal Register notice with a
60-day comment period soliciting comments on this collection of
information was published on November 22, 2017 (82 FR 55591).
Burden statement: The Commission is revising its estimate of the
burden due
to the reduced number of futures commission merchants in the
industry. The respondent burden for this collection is estimated to be
as follows:
Respondents/Affected Entities: 57.
Reports annually by each respondent: 4.
Estimated number of responses: 228.
Estimated average number of hours per response: 0.08.
Estimated total annual burden on respondents: 18 hours.
Frequency of collection: On occasion.
There are no capital costs or operating and maintenance costs
associated with this collection.
(Authority: 44 U.S.C. 3501 et seq.)
Dated: February 1, 2018.
Robert N. Sidman,
Deputy Secretary of the Commission.
[FR Doc. 2018-02300 Filed 2-5-18; 8:45 am]
BILLING CODE 6351-01-P
Last Updated: February 6, 2018