2014-25228
Federal Register, Volume 79 Issue 205 (Thursday, October 23, 2014)
[Federal Register Volume 79, Number 205 (Thursday, October 23, 2014)]
[Notices]
[Pages 63384-63385]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-25228]
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COMMODITY FUTURES TRADING COMMISSION
Agency Information Collection Activities: Notice of Intent To
Renew Collection 3038-0055, Privacy of Consumer Financial Information
AGENCY: Commodity Futures Trading Commission.
ACTION: Notice.
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SUMMARY: The Commodity Futures Trading Commission (``Commission'' or
``CFTC'') 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 for entities
that are subject to the Commission's jurisdiction to provide certain
privacy protections for consumer financial information.
DATES: Comments must be submitted on or before December 22, 2014.
ADDRESSES: You may submit comments, identified by ``Privacy of Consumer
Financial Information'' 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/search/index.jsp. Follow the instructions for submitting comments
through the Portal.
Please submit your comments using only one method.
FOR FURTHER INFORMATION CONTACT: Kathy Harman-Stokes, Chief Privacy
Officer, Office of the Executive Director, Commodity Futures Trading
Commission, Three Lafayette Centre, 1155 21st Street NW., Washington,
DC 20581. Telephone: (202) 418-6629 or email: [email protected],
and refer to OMB Control No. 3038-0055.
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.
[[Page 63385]]
``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: Privacy of Consumer Financial Information (OMB Control No.
3038-0055). This is a request for extension of a currently approved
information collection.
Abstract: The passage of the Dodd-Frank Wall Street Reform and
Consumer Protection Act (``Dodd-Frank Act''), Public Law 111-203, 124
Stat. 1376 (2010), broadened the Commission's regulatory authority
under the Gramm-Leach-Bliley Act (``GLB Act'') to cover two new
entities: Swap Dealers and Major Swap Participants, in addition to
Futures Commission Merchants, Commodity Trading Advisors, Commodity
Pool Operators, and Introducing Brokers.
Specifically, amendments to the GLB Act found in section 1093 of
the Dodd-Frank Act, reaffirmed the Commission's authority to promulgate
regulations to require entities that are subject to the Commission's
jurisdiction to provide certain privacy protections for consumer
financial information. These regulations were later extended to Retail
Foreign Exchange Dealers.
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 0.24 hours per response.
Respondents/Affected Entities: Futures Commission Merchants, Retail
Foreign Exchange Dealers, Commodity Trading Advisors, Commodity Pool
Operators, Introducing Brokers, Major Swap Participants and Swap
Dealers.
Estimated number of respondents: 110.
Estimated total annual burden on respondents: 528 hours.
Frequency of collection: Annual.
Dated: October 20, 2014.
Christopher J. Kirkpatrick,
Secretary of the Commission.
[FR Doc. 2014-25228 Filed 10-22-14; 8:45 am]
BILLING CODE 6351-01-P