Federal Register, Volume 80 Issue 85 (Monday, May 4, 2015)  
[Federal Register Volume 80, Number 85 (Monday, May 4, 2015)]
[Pages 25280-25281]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-10314]



Agency Information Collection Activities: Notice of Intent To 
Renew Collection 3038-0009, Large Trader Reports

AGENCY: Commodity Futures Trading Commission.

ACTION: Notice.


SUMMARY: The Commodity Futures Trading Commission (``CFTC'' or 
``Commission'') 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 large trader reports and related forms that are needed to ensure 
that the CFTC receives adequate information to carry out its market and 
financial surveillance programs.

DATES: Comments must be submitted on or before July 6, 2015.

ADDRESSES: You may submit comments, identified by OMB Control No. 3038-
0009 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], and 
refer to OMB Control No. 3038-0009.

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: Large Trader Reports (OMB Control No. 3038-0009). This is a 
request for extension of a currently approved information collection.
    Abstract: The reporting rules covered by OMB control number 3038-
0009 (``Collection'') are structured to ensure

[[Page 25281]]

that the Commission receives adequate information to carry out its 
market and financial surveillance programs. The market surveillance 
programs analyze market information to detect and prevent market 
disruptions and enforce speculative position limits. The financial 
surveillance programs combine market information with financial data to 
assess the financial risks presented by large customer positions to 
Commission registrants and clearing organizations.
    Previously, all reporting rules contained in parts 15 through 19 
and 21 of the Commission's regulations were covered by the Collection; 
however, a recent rulemaking action relocated several recordkeeping and 
reporting burdens from this collection to a new collection, OMB Control 
Number 3038-0103. Specifically, that rulemaking appropriated the 
information collection burdens associated with Commission regulations 
17.01, 18.04, and 18.05. Accordingly, this renewal will update the 
Collection's current burden estimates and officially remove the 
duplicative burdens from the Collection.
    The reporting rules are implemented by the Commission partly 
pursuant to the authority of sections 4a, 4c(b), 4g, and 4i of the 
Commodity Exchange Act (``Act''). Section 4a of the Act permits the 
Commission to set, approve exchange-set, and enforce speculative 
position limits. Section 4c(b) of the Act gives the Commission plenary 
authority to regulate transactions that involve commodity options. 
Section 4g of the Act imposes reporting and recordkeeping obligations 
on registered entities and registrants (including futures commission 
merchants, introducing brokers, floor brokers, or floor traders), and 
requires each registrant to file such reports as the Commission may 
require on proprietary and customer positions executed on any board of 
trade in the United States or elsewhere. Lastly, section 4i of the Act 
requires the filing of such reports as the Commission may require when 
positions made, or obtained on designated contract markets, or 
derivatives transaction execution facilities, equal or exceed 
Commission-set levels.
    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 0.26 hours per response, on average. These estimates 
include the time to locate the information related to the exemptions 
and to file necessary exemption paperwork.
    Respondents/Affected Entities: Large Traders, Clearing Members, 
Contract Markets, and other entities affected by Commission regulations 
16.00 and 17.00 as well as Parts 19 and 21.
    Estimated number of respondents: 453.
    Estimated total annual burden on respondents: 18,348 hours.
    Frequency of collection: Periodically.
    There are no capital costs or operating and maintenance costs 
associated with this collection.

(Authority: 44 U.S.C. 3501 et seq.)

    Dated: April 28, 2015.
Robert N. Sidman,
Deputy Secretary of the Commission.
[FR Doc. 2015-10314 Filed 5-1-15; 8:45 am]