Federal Register, Volume 80 Issue 113 (Friday, June 12, 2015)  
[Federal Register Volume 80, Number 113 (Friday, June 12, 2015)]
[Pages 33490-33491]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-14332]



Agency Information Collection Activities: Notice of Intent To 
Renew Collection Number 3038-0007, Regulation of Domestic Exchange-
Traded Options

AGENCY: Commodity Futures Trading Commission.

ACTION: Notice.


SUMMARY: The Commodity Futures Trading Commission (``CFTC'' or 
``Commission'') 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 
on rules related to risk disclosure concerning exchange-traded 
commodity options.

DATES: Comments must be submitted on or before August 11, 2015.

ADDRESSES: You may submit comments, identified by ``Regulation of 
Domestic Exchange-Traded Options,'' and Collection Number 3038-0007 by 
any of the following methods:
     The Agency's Web site, via its Comments Online process: 
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: Commodity Futures Trading Commission, 
Three Lafayette Center, 1155 21st Street NW., Washington, DC 20581; 
Dana R. Brown, Division of Market Oversight, telephone: (202) 418-5093 
and email: [email protected]; or Jacob Chachkin, Division of Swap Dealer 
and Intermediary Oversight, telephone: (202) 418-5496 and 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

[[Page 33491]]

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
     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\

    \1\ 17 CFR 145.9, 74 FR 17395 (Apr. 15, 2009).

    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.
    Title: Rules Relating to Regulation of Domestic Exchange-Traded 
Options, OMB Control Number 3038-0007--Extension.
    Abstract: The rules require futures commission merchants and 
introducing brokers: (1) To provide their customers with standard risk 
disclosure statements concerning the risk of trading commodity 
interests; and (2) to retain all promotional material and the source of 
authority for information contained therein. The purpose of these rules 
is to ensure that customers are advised of the risks of trading 
commodity interests and to avoid fraud and misrepresentation. This 
information collection contains the recordkeeping and reporting 
requirements needed to ensure regulatory compliance with Commission 
rules relating to this issue.
    An agency may not conduct or sponsor, and 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 Commission's 
regulations were published on December 30, 1981.\2\

    \2\ 46 FR 63035 (Dec. 30, 1981).

    Burden Statement: The Commission estimates the burden of this 
collection of information as follows:

                                                            Estimated Annual Reporting Burden
                                                            Estimated number                                                            Estimated total
                                                           of respondents or   Reports annually     Total annual    Estimated average   number of hours
                        Regulation                           recordkeepers         by each           responses       number of hours    of annual burden
                                                                per year          respondent                           per response      in fiscal year
    38.3, 38.4, 40.2 and 40.3 (Procedure for designation               13.00               2.00              26.00              25.00             650.00
     or self-certification)..............................
    33.7--(Risk disclosure)..............................           1,401.00             115.00         161,115.00               0.08          12,889.20
        Subtotal (Reporting requirements)................           1,414.00  .................          20,151.00  .................          13,539.20
    33.8--(Retention of promotional material)............           1,401.00               1.00           1,401.00              25.00          35,025.00
        Subtotal (Recordkeeping requirements)............           1,401.00               1.00           1,401.00              25.00          35,025.00
            Grand total (Reporting and Recordkeeping)....           2,815.00  .................          21,155.20  .................           48,564.2

    There are no capital costs or operating and maintenance costs 
associated with this collection.

    Authority:  44 U.S.C. 3501 et seq.

    Dated: June 8, 2015.
Robert N. Sidman,
Deputy Secretary of the Commission.
[FR Doc. 2015-14332 Filed 6-11-15; 8:45 am]