Federal Register, Volume 79 Issue 36 (Monday, February 24, 2014)[Federal Register Volume 79, Number 36 (Monday, February 24, 2014)]
[Pages 10126-10128]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-03788]



Agency Information Collection Activities Under OMB Review

AGENCY: Commodity Futures Trading Commission.

ACTION: Notice.


SUMMARY: In compliance with the Paperwork Reduction Act, this notice 
announces that the Information Collection Request (ICR) abstracted 
below has been forwarded to the Office of Management and Budget (OMB) 
for review and comment. The ICR describes the nature of the information 
collection and its expected costs and burden.

DATES: Comments must be submitted on or before March 26, 2014.

ADDRESSES: Comments may be submitted to OMB within 30 days of the 
notice's publication. Comments, identified by ``Part 41 Relating to 
Security Futures Products (OMB Control No. 3038-0059),'' should be 
mailed to the Office of Information and Regulatory Affairs, Office of 
Management and Budget, Attention: Desk Officer for the Commodity 
Futures Trading Commission, 725 17th Street NW., Washington, DC 20503.
    Comments may be also be submitted, regarding the burden estimated 
or any other aspect of the information collection, including 
suggestions for reducing the burden, identified by ``Part 41 Relating 
to Security Futures Products (OMB Control No. 3038-0059),'' by any of 
the following methods:
     Agency Web site, via its Comments Online process: http://

[[Page 10127]]

comments.cftc.gov. Follow the instructions for submitting comments 
through the Web site.
     Mail: Send to Melissa D. Jurgens, Secretary, 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.
    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 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 set forth in 
section 145.9 of the Commission's regulations.\1\

    \1\ Commission regulations referred to herein are found at 17 
CFR Ch. 1 (2010). Commission regulations are accessible on the 
Commission's Web site, www.cftc.gov.

    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 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 
rulemaking 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 

FOR FURTHER INFORMATION CONTACT: David Steinberg, Commodity Futures 
Trading Commission, 202-418-5102, FAX: 202-418-5527, email: 
[email protected], and refer to OMB Control No. 3038-0059. This 
contact can also provide a copy of the ICR.

    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 Commodity Futures Trading Commission (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 (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. Only 
securities accounts receive insurance protection under provisions of 
the Securities Investor Protection Act. By contrast, only 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 Federal Register notice with a 60-day comment 
period soliciting comments on this collection of information was 
published on December 23, 2013 (78 FR 77439).
    Burden Statement: The respondent burden for this collection is 
estimated to average .721 hours per response. These estimates include 
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.


                                       Part 41--Security Futures Products
                                         [OMB collection No. 3038-0059]
                                         Estimated       Reports                      Estimated     total number
                                         number of     annually  by   Total annual     average      of hours of
                                      respondents or       each        responses      number of    annual burden
                                       recordkeepers    respondent                    hours per       in fiscal
                                          per year                                     response         year
41.3 Application for exemption by                  5           1              5             25            125
41.23(a)(1)-(6) and 41.23(b) Listing               3         140            420              2            840
 of SFPs............................
41.24(a)(1)-(5) and 41.24(b) Rule                  3           8             24              2             48
41.23(a)(7) and 41.24(a)(6) Requests               3            .30            .90           2              1.80
 for confidential treatment.........
41.27(c) Rules prohibiting                         1           1              1              2              2
41.27(e) Rules permitting exemptions               1           1              1              2              2
41.31 SFPCM designation (one time                  1           1              1              5              5
41.32 SFPCM continuing obligations..               3          20             60              4            240
41.33 Application for exemption by                 1           1              1             40             40
41.41 FCM/B-D disclosure............              60          40          2,400               .25         600
41.49 Margin rule changes...........               3            .30            .90           2              1.80
    Subtotal Reporting Requirements.              84  .............       2,914.80  .............       1,905.60

[[Page 10128]]

41.41(a)(2) Handling of customer                  60           1             60              4            240
    Subtotal Recordkeeping                        60           1             60              4            240
    TOTAL REPORTING AND                          144  .............       2,974.80           0.72       2,145.60

    Authority: 44 U.S.C. 3501 et seq.

    Dated: February 18, 2014.
Christopher J. Kirkpatrick,
Deputy Secretary of the Commission.
[FR Doc. 2014-03788 Filed 2-21-14; 8:45 am]