2013-30419
[Federal Register Volume 78, Number 246 (Monday, December 23, 2013)]
[Notices]
[Pages 77439-77440]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-30419]
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COMMODITY FUTURES TRADING COMMISSION
Agency Information Collection Activities; Proposed Collection;
Comment Request: Part 41, Relating to Security Futures Products
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 extension of a proposed
collection of certain information by the agency. In compliance with the
Paperwork Reduction Act of 1995 (PRA), (44 U.S.C. 3501 et seq.),
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: Part 41, Relating to Security Futures
Products; OMB Control Number 3038-0059.
DATES: Comments must be submitted on or before February 21, 2014.
ADDRESSES: Comments may be mailed to David Steinberg, Associate
Director, Division of Market Oversight, U.S. Commodity Futures Trading
Commission, 1155 21st Street NW., Washington, DC 20581. Comments may
also be submitted, 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: http://comments.cftc.gov. Follow the instructions for submitting comments
through the Web site.
Mail: Send to Melissa D. Jurgens, Secretary of the Commission,
[[Page 77440]]
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/search/index.jsp. Follow the instructions for submitting comments.
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\
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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 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.
FOR FURTHER INFORMATION CONTACT: David Steinberg (202) 418-5102; FAX:
(202) 418-5527; email: [email protected].
SUPPLEMENTARY INFORMATION:
Affected Entities: Entities potentially affected by this action are
businesses and other for-profit institutions.
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.
Abstract: Section 4d(c) of the Commodity Exchange Act (CEA), 7
U.S.C. 6d(c), requires the CFTC to consult with the 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 (broker-dealers) and the CFTC as
futures commission merchants (FCMs) 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 (SFP) 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 .721 hours per response. This estimate includes
the time needed to review instructions; develop, acquire, 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: 144.
Estimated number of responses: 2,975.
Estimated total annual burden on respondents: 2,146 hours.
Frequency of collection: On occasion.
The regulations require no new start-up or operations and
maintenance costs.
Dated: December 17, 2013.
Melissa D. Jurgens,
Secretary of the Commission.
[FR Doc. 2013-30419 Filed 12-20-13; 8:45 am]
BILLING CODE 6351-01-P