2015-26121
Federal Register, Volume 80 Issue 199 (Thursday, October 15, 2015)
[Federal Register Volume 80, Number 199 (Thursday, October 15, 2015)]
[Notices]
[Pages 62045-62046]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-26121]
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COMMODITY FUTURES TRADING COMMISSION
Agency Information Collection Activities: Notice of Intent To
Renew Collection: Rules Relating to Review of National Futures
Association Decisions in Disciplinary, Membership Denial, Registration,
and Member Responsibility Actions
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 renewal of a
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 rules relating to review of National
Futures Association decisions in disciplinary, membership denial,
registration, and member responsibility actions.
DATES: Comments must be submitted on or before December 14, 2015.
ADDRESSES: You may submit comments, identified by ``OMB Control No.
3038-0043'' 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/.
Follow the instructions for submitting comments through the Portal.
Please submit your comments using only one method.
FOR FURTHER INFORMATION CONTACT: Melissa Chiang, Counsel, Office of
General Counsel, Commodity Futures Trading Commission, (202) 418-5578;
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 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: Rules Relating to Review of National Futures Association
Decisions in Disciplinary, Membership Denial, Registration, and Member
Responsibility Actions (OMB Control No. 3038-0043). This is a request
for extension of a currently approved information collection.
Abstract: 17 CFR part 171 rules require a registered futures
association to provide fair and orderly procedures for membership and
disciplinary actions. The Commission's review of decisions of
registered futures associations in disciplinary, membership denial,
registration, and member responsibility actions is governed by Section
17(h)(2) of the Commodity Exchange Act, 7 U.S.C. 21(h)(2). The rules
establish procedures and standards for Commission review of such
actions, and the reporting requirements included in the procedural
rules are either directly required by Section 17 of the Commodity
Exchange Act or are necessary to the type of appellate review role
Congress intended the Commission to undertake when it adopted that
provision.
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 OMB control numbers for the
CFTC's regulations were published on December 30, 1981. See 46 FR 63035
(Dec. 30, 1981). The Federal Register notice with a 60-day comment
period soliciting comments on this collection of information was
published on June 1, 2012 (77 FR 32593).
[[Page 62046]]
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 average 1 hour per response. This estimate includes the
time needed to transmit decisions of disciplinary, membership denial,
registration, and member responsibility actions to the Commission for
review. The estimated burden of 1 hour is determined by the following:
Respondents/Affected Entities: Individuals or entities filing
appeals from disciplinary and membership decisions by National Futures
Association.
Estimated number of respondents per year: 1.
Estimated number of responses: 3.
Estimated total annual burden on respondents: 3 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: October 8, 2015.
Robert N. Sidman,
Deputy Secretary of the Commission.
[FR Doc. 2015-26121 Filed 10-14-15; 8:45 am]
BILLING CODE 6351-01-P