2014-11759
Federal Register, Volume 79 Issue 98 (Wednesday, May 21, 2014)
[Federal Register Volume 79, Number 98 (Wednesday, May 21, 2014)]
[Notices]
[Pages 29173-29174]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-11759]
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COMMODITY FUTURES TRADING COMMISSION
Agency Information Collection Activities: Notice of Intent To
Renew Collection 3038-0026--Gross Collection of Exchange-Set Margins
for Omnibus Accounts
AGENCY: Commodity Futures Trading Commission.
ACTION: Notice.
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SUMMARY: The Commodity Futures Trading Commission (CFTC) 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, as described below, on the proposed
Information Collection Request (ICR) titled: Gross Collection of
Exchange-Set Margins for Omnibus Accounts; OMB Control Number 3038-
0026.
DATES: Comments must be submitted on or before July 21, 2014.
ADDRESSES: You may submit comments, identified by OMB Control Number
3038-0026, regarding the burden estimate, or any other aspect of the
information collection, including suggestions for reducing the burden,
by any of the following methods:
Agency Web site, via its Comments Online process: http://comments.cftc.gov. Follow the instructions for submitting comments
through the Web site.
Mail: Mark Bretscher, Division of Swap Dealer and
Intermediary Oversight, Commodity Futures Trading Commission, 525 W.
Monroe, Suite 1100, Chicago, IL 60661.
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: Mark Bretscher, (312) 596-0529; FAX:
(312) 596-0711; 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 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
[[Page 29174]]
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 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.
Gross Collection of Exchange-Set Margins for Omnibus Accounts, OMB
Control Number 3038-0026--Extension
Burden Statement: Commission Regulation 1.58 requires that FCMs
margin omnibus accounts on a gross, rather than a net, basis. The
regulation provides that the carrying 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.
The Commission estimates the burden of this collection of
information as follows:
Estimated number of respondents: 66.
Reports annually by each respondent: 4.
Total annual responses: 264.
Estimated average number of hours per response: .08.
Annual reporting burden: 22.
There are no capital costs or operating and maintenance costs
associated with this collection.
This estimate is based on the number of written records maintained
in the last three years. Although the burden varies, such records may
involve analytical work and analysis, as well as multiple levels of
review.
Dated: May 16, 2014.
Christopher J. Kirkpatrick,
Deputy Secretary of the Commission.
[FR Doc. 2014-11759 Filed 5-20-14; 8:45 am]
BILLING CODE 6351-01-P