[Federal Register Volume 78, Number 246 (Monday, December 23, 2013)]
[Pages 77439-77440]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-30419]



Agency Information Collection Activities; Proposed Collection; 
Comment Request: Part 41, Relating to Security Futures Products

AGENCY: Commodity Futures Trading Commission.

ACTION: Notice.


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\

    \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 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]

    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 
     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]