Font Size: AAA // Print // Bookmark


  • Federal Register, Volume 79 Issue 98 (Wednesday, May 21, 2014)

    [Federal Register Volume 79, Number 98 (Wednesday, May 21, 2014)]


    [Pages 29173-29174]

    From the Federal Register Online via the Government Printing Office []

    [FR Doc No: 2014-11759]




    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.


    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-


    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: 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: 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:

    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


    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 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 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


    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

    Last Updated: May 21, 2014