2016-01758
Federal Register, Volume 81 Issue 20 (Monday, February 1, 2016)
[Federal Register Volume 81, Number 20 (Monday, February 1, 2016)]
[Notices]
[Pages 5105-5106]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-01758]
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COMMODITY FUTURES TRADING COMMISSION
Agency Information Collection Activities Under OMB Review
AGENCY: Commodity Futures Trading Commission.
ACTION: Notice.
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SUMMARY: In compliance with the Paperwork Reduction Act of 1995
(``PRA''), 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 2, 2016.
ADDRESSES: Comments regarding the burden estimated or any other aspect
of the information collection, including suggestions for reducing the
burden, may be submitted directly to the Office of Information and
Regulatory Affairs (``OIRA'') in OMB, within 30 days of the notice's
publication, by email at [email protected]. Please identify
the comments by OMB Control No. 3038-0078. Please provide the Commodity
Futures Trading Commission (``CFTC'' or ``Commission'') with a copy of
all submitted comments at the address listed below. Please refer to OMB
Reference No. 3038-0078, found on http://reginfo.gov. Comments may also
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,
or submitted through the Agency's Web site at http://comments.cftc.gov.
Follow the instructions for submitting comments through the Web site.
Comments may also be mailed to: Christopher Kirkpatrick, Secretary
of the Commission, Commodity Futures Trading Commission, Three
Lafayette Centre, 1155 21st Street NW., Washington, DC 20581 or by Hand
Delivery/Courier at the same address.
A copy of the supporting statements for the collection of
information discussed above may be obtained by visiting http://
RegInfo.gov. 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.
FOR FURTHER INFORMATION CONTACT: Jacob Chachkin, Special Counsel,
Division of Swap Dealer and Intermediary Oversight, Commodity Futures
Trading Commission, (202) 418-5496, email: [email protected], and
refer to OMB Control No. 3038-0078.
SUPPLEMENTARY INFORMATION:
Title: Conflicts of Interest Policies and Procedures by Futures
Commission Merchants and Introducing Brokers (OMB Control No. 3038-
0078). This is a request for an extension of a currently approved
information collection.
Abstract: On April 3, 2012, the Commission adopted Commission
regulation 1.71 (Conflicts of interest policies and procedures by
futures commission merchants and introducing brokers) \1\ pursuant to
section 4d(c) \2\ of the Commodity Exchange Act (``CEA''). Commission
regulation 1.71 requires generally that, among other things, futures
commission merchants (``FCM'') \3\ and introducing brokers (``IB'') \4\
develop conflicts of interest procedures and disclosures, adopt and
implement written policies and procedures reasonably designed to ensure
compliance with their conflicts of interest and disclosure obligations,
and maintain specified records related to those requirements.\5\ The
Commission believes that the information collection obligations imposed
by Commission regulation 1.71 are essential (i) to ensuring that FCMs
and IBs develop and maintain the conflicts of interest systems,
procedures and disclosures required by the CEA, and Commission
regulations, and (ii) to the effective evaluation of these registrants'
actual compliance with the CEA and Commission regulations. 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 Commission did not receive any comments on the 60-
day Federal Register notice, 80 FR 73732, dated November 25, 2015.
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\1\ 17 CFR 1.71.
\2\ 7 U.S.C. 6d(c).
\3\ For the definition of FCM, see section 1a(28) of the CEA and
Commission regulation 1.3(p). 7 U.S.C. 1a(28) and 17 CFR 1.3(p).
\4\ For the definition of IB, see section 1a(31) of the CEA and
Commission regulation 1.3(mm). 7 U.S.C. 1a(31) and 17 CFR 1.3(mm).
\5\ See 17 CFR 1.71.
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Burden Statement: The Commission is revising its estimate of the
burden for this collection to reflect the current number of registered
FCMs and IBs. Accordingly, the respondent burden for this collection is
estimated to be as follows:
Number of Registrants: 1,362.\6\
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\6\ Reflects a slight reduction in the number of registered FCMs
and IBs provided in the 60-day Federal Register notice, 80 FR 73732
(November 25, 2015).
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Estimated Average Burden Hours per Registrant: 44.5.
Estimated Aggregate Burden Hours: 60,609.
Frequency of Recordkeeping/Third-party Disclosure: As applicable.
Authority: 44 U.S.C. 3501 et seq.
[[Page 5106]]
Dated: January 27, 2016.
Robert N. Sidman,
Deputy Secretary of the Commission.
[FR Doc. 2016-01758 Filed 1-29-16; 8:45 am]
BILLING CODE 6351-01-P
Last Updated: February 1, 2016