2023-00578
[Federal Register Volume 88, Number 9 (Friday, January 13, 2023)]
[Notices]
[Pages 2345-2346]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-00578]
=======================================================================
-----------------------------------------------------------------------
COMMODITY FUTURES TRADING COMMISSION
Agency Information Collection Activities: Notice of Intent To
Extend Collection 3038-0101, Registration of Foreign Boards of Trade
AGENCY: Commodity Futures Trading Commission.
ACTION: Notice.
-----------------------------------------------------------------------
SUMMARY: The Commodity Futures Trading Commission (Commission or CFTC)
is announcing an opportunity for public comment on the proposed 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 proposed extension of an existing collection of
information, and to allow 60 days for public comment. This notice
solicits comments on collections of information provided for by
Commission regulation Part 48, Registration of Foreign Boards of Trade.
DATES: Comments must be submitted on or before March 14, 2023.
ADDRESSES: You may submit comments, identified by ``Registration of
Foreign Boards of Trade,'' and ``OMB Control No. 3038-0101,'' by any of
the following methods:
The Agency's website, at https://comments.cftc.gov/.
Follow the
[[Page 2346]]
instructions for submitting comments through the website.
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.
Please submit your comments using only one method.
FOR FURTHER INFORMATION CONTACT: Alexandros Stamoulis, Special Counsel,
Division of Market Oversight, Commodity Futures Trading Commission,
(646) 746-9792; email: [email protected].
SUPPLEMENTARY INFORMATION: Under the PRA, 44 U.S.C. 3501 et seq.,
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, 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. 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.
Title: Registration of Foreign Boards of Trade (OMB Control No.
3038-0101). This is a request for extension of a currently approved
information collection.
Abstract: Section 738 of the DoddFrank Act amended section 4(b)(1)
of the Commodity Exchange Act to provide that the Commission may adopt
rules and regulations requiring foreign boards of trade (FBOT) that
wish to provide their members or other participants located in the
United States with direct access to the FBOT's electronic trading and
order matching system to register with the Commission. Pursuant to this
authorization, the CFTC adopted a final rule requiring FBOTs that wish
to permit trading by direct access to provide certain information to
the Commission in applications for registration and, once registered,
to provide certain information to meet quarterly and annual reporting
requirements. The rule establishes reporting requirements that are
required by Part 48 of the Commission's regulations and are necessary
to ensure that FBOTs registered to provide for trading by direct access
meet statutory and regulatory requirements on an initial and ongoing
basis.
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
https://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\
---------------------------------------------------------------------------
\1\ 17 CFR 145.9.
---------------------------------------------------------------------------
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 https://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.
Burden Statement--Collection 3038-0101--Registration of Foreign
Boards of Trade (17 CFR part 48). The estimate of the burden for this
collection for registered FBOTs has been revised. The Commission's
estimate of the total number of registered FBOTs that are required to
make reports quarterly and annually has increased from 23 to 24. This
revision is due to the fact that there are, at present, 24 FBOTs
registered with the Commission. The respondent burden for this
collection is estimated to range from two to eight hours per response
for submission of required reports. These estimates include the time to
locate, compile, validate, and verify and disclose and to ensure such
information is maintained. The respondent burden for this collection is
estimated to be as follows:
Estimated number of respondents: 24.
Estimated average burden hours per respondent: 360 and \1/3\ hours.
Estimated total annual burden on respondents: 8,648 hours.
Frequency of collection: When a reportable event occurs and
quarterly and annually for required reports.
There are no capital costs or operating and maintenance costs
associated with this collection.
(Authority: 44 U.S.C. 3501 et seq.)
Dated: January 10, 2023.
Robert Sidman,
Deputy Secretary of the Commission.
[FR Doc. 2023-00578 Filed 1-12-23; 8:45 am]
BILLING CODE 6351-01-P