Federal Register, Volume 80 Issue 73 (Thursday, April 16, 2015)  
[Federal Register Volume 80, Number 73 (Thursday, April 16, 2015)]
[Pages 20474-20475]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2015-08706]



Agency Information Collection Activities: Notice of Intent To 
Renew Collection 3038-0013, Exemptions From Speculative Limits

AGENCY: Commodity Futures Trading Commission.

ACTION: Notice.


[[Page 20475]]

SUMMARY: The Commodity Futures Trading Commission (``Commission'' or 
``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 
on exemptions from speculative limits.

DATES: Comments must be submitted on or before June 15, 2015.

ADDRESSES: You may submit comments, identified by ``Exemptions from 
Speculative Limits,'' OMB Control No. 3038-0013, by any of the 
following methods:
     The Agency's Web site, at 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: Hannah Ropp, Surveillance Analyst, 
Division of Market Oversight, Commodity Futures Trading Commission, 
Three Lafayette Centre, 1155 21st Street NW., Washington, DC 20581; 
phone: (202) 418-5228; fax: (202) 418-5507; 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 notice of the proposed collection 
of information listed below.\1\

    \1\ This notice does not solicit comment on the proposed 
amendments to this collection that may result from the proposal 
titled Position Limits for Derivatives (78 FR 75680, Dec. 12, 2013). 
Comments on the Paperwork Reduction Act implications of the Position 
Limits for Derivatives proposal were solicited through the proposal 
itself, the comment period for which (as extended and reopened) 
closed on March 30, 2015.

    Title: Exemptions from Speculative Limits (OMB Control No. 3038-
0013). This is a request for extension of a currently approved 
information collection.
    Abstract: Section 4a(a) of the Commodity Exchange Act (``Act'') 
allows the Commission to set speculative limits in any commodity for 
future delivery in order to prevent excessive speculation. Certain 
sections of the Act and/or the Commission's regulations allow 
exemptions from the speculative limits for persons using the market for 
hedging and, under certain circumstances, for commodity pool operators 
and similar traders. This information collection contains the 
recordkeeping and reporting requirements needed to ensure regulatory 
compliance with Commission rules relating to this issue.
    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.\2\

    \2\ 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 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.
    Burden Statement: The respondent burden for this collection is 
estimated to be 3 hours per response. These estimates include the time 
to locate the information related to the exemptions and to file 
necessary exemption paperwork.
    Respondents/Affected Entities: Swap Dealers, Large Traders, and 
other entities affected by Rules 1.47 and 1.48 and part 150 of the 
Commission's regulations.
    Estimated number of respondents: 9.
    Estimated total annual burden on respondents: 48 hours.
    Frequency of collection: 1-2 reports annually.
    There are no capital costs or operating and maintenance costs 
associated with this collection.

    Authority: 44 U.S.C. 3501 et seq.

    Dated: April 10, 2015.
Christopher J. Kirkpatrick,
Secretary of the Commission.
[FR Doc. 2015-08706 Filed 4-15-15; 8:45 am]