2015-08706
Federal Register, Volume 80 Issue 73 (Thursday, April 16, 2015)
[Federal Register Volume 80, Number 73 (Thursday, April 16, 2015)]
[Notices]
[Pages 20474-20475]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2015-08706]
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COMMODITY FUTURES TRADING COMMISSION
Agency Information Collection Activities: Notice of Intent To
Renew Collection 3038-0013, Exemptions From Speculative Limits
AGENCY: Commodity Futures Trading Commission.
ACTION: Notice.
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[[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\
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\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.
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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
use;
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\
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\2\ 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 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]
BILLING CODE 6351-01-P