[Federal Register Volume 82, Number 149 (Friday, August 4, 2017)]
[Notices]
[Pages 36384-36385]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-16459]
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COMMODITY FUTURES TRADING COMMISSION
Agency Information Collection Activities Relating to Security
Futures Products
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
extension of a proposed collection of certain information by the
agency. In compliance with the Paperwork Reduction Act of 1995, 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'') relating to security futures products.
DATES: Comments must be submitted on or before October 3, 2017.
ADDRESSES: You may submit comments, identified by OMB Control No. 3038-
0059 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, 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.
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: David Steinberg, Associate Director,
Division of Market Oversight, Commodity Futures Trading Commission,
(202) 418-5102; email: [email protected], and refer to OMB Control
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No. 3038-0059.
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: Part 41, Relating to Security Futures Products (OMB Control
No. 3038-0059). This is a request for extension of a currently approved
information collection.
Affected Entities: Entities potentially affected by this action are
businesses and other for-profit institutions.
Abstract: Section 4d(c) of the Commodity Exchange Act (``CEA''), 7
U.S.C. 6d(c), requires the CFTC to consult with the Securities and
Exchange Commission (``SEC'') and issue such rules, regulations, or
orders as are necessary to avoid duplicative or conflicting regulations
applicable to firms that are fully registered with the SEC as brokers
or dealers and the CFTC as futures commission merchants involving
provisions of the CEA that pertain to the treatment of customer funds.
The CFTC, jointly with the SEC, issued regulations requiring such
dually-registered firms to make choices as to how its customers'
transactions in security futures products will be treated, either as
securities transactions held in a securities account or as futures
transactions held in a futures account. How an account is treated is
important in the unlikely event of the insolvency of the firm.
Securities accounts receive insurance protection under provisions of
the Securities Investor Protection Act. By contrast, futures accounts
are subject to the protections provided by the segregation requirements
of the CEA.
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 Commission would like to solicit comments to:
Evaluate 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;
Evaluate 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;
Enhance the quality, usefulness, and clarity of the
information to be collected; and
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.
Burden Statement: The respondent burden for this collection is
estimated to average 1.57 hours per response. This estimate includes
the time needed to review instructions; develop, acquire,
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install, and utilize technology and systems for the purposes of
collecting, validating, and verifying information, processing and
maintaining information and disclosing and providing information;
adjust the existing ways to comply with any previously applicable
instructions and requirements; train personnel to be able to respond to
a collection of information; and transmit or otherwise disclose the
information.
Respondents/Affected Entities: 44.
Estimated Number of Responses: 943.
Estimated Total Annual Burden on Respondents: 1,482 hours.
Frequency of Collection: On occasion.
The regulations require no new start-up or operations and
maintenance costs.
Dated: August 1, 2017.
Robert N. Sidman,
Deputy Secretary of the Commission.
[FR Doc. 2017-16459 Filed 8-3-17; 8:45 am]
BILLING CODE 6351-01-P