Federal Register, Volume 83 Issue 25 (Tuesday, February 6, 2018)

[Federal Register Volume 83, Number 25 (Tuesday, February 6, 2018)]


[Pages 5250-5251]

From the Federal Register Online via the Government Publishing Office [www.gpo.gov]

[FR Doc No: 2018-02300]




Agency Information Collection Activities Under OMB Review

AGENCY: Commodity Futures Trading Commission.

ACTION: Notice.


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 8, 2018.

ADDRESSES: Comments regarding the burden estimate 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 this notice's

publication by either of the following methods. Please identify the

comments by ``OMB Control No. 3038-0026.''

By email addressed to: [email protected] or

By mail addressed 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.

A copy of all comments submitted to OIRA should be sent to the

Commodity Futures Trading Commission (the ``Commission'') by either of

the following methods. The copies should refer to ``OMB Control No.


By mail addressed to: Christopher Kirkpatrick, Secretary

of the Commission, Commodity Futures Trading Commission, Three

Lafayette Centre, 1155 21st Street NW, Washington, DC 20581;

By Hand Delivery/Courier to the same address; or

Through the Commission's website at http://comments.cftc.gov. Please follow the instructions for submitting

comments through the website.

A copy of the supporting statement for the collection of information

discussed herein 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. 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.\1\ 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 ICR 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 .


\1\ 17 CFR 145.9.

FOR FURTHER INFORMATION CONTACT: Mark Bretscher, Division of Swap

Dealers and Intermediary Oversight, Commodity Futures Trading

Commission, 525 W Monroe, Suite 1100, Chicago, IL 60661, (312) 596-

0529; email: [email protected] and refer to OMB Control No. 3038-




Title: Gross Collection of Exchange-Set Margins for Omnibus

Accounts (OMB Control No. 3038-0026). This is a request for extension

of a currently approved information collection.

Abstract: Commission Regulation 1.58 requires futures commission

merchants to collect exchange-set margin for omnibus accounts on a

gross, rather than a net, basis. The regulation provides that the

carrying future commission merchant (FCM) need not collect margin for

positions traded by a person through an omnibus account in excess of

the amount that would be required if the same person, instead of

trading through an omnibus account, maintained its own account with the

carrying FCM. To prevent abuse of this

[[Page 5251]]

exception to the regulation, a carrying FCM must maintain a written

representation from the originating FCM or foreign broker that the

particular positions held in the omnibus account are part of a hedge or

spread transaction. This collection of information is necessary in

order to provide documentation that can be inspected with regard to

questions of proper compliance with gross margining requirements. This

rule is promulgated pursuant to the Commission's rulemaking authority

contained in Sections 4c, 4d, 4f, 4g and 8a of the Commodity Exchange

Act, 7 U.S.C. 6c, 6d, 6f, 6g and 12a.

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 Federal Register notice with a

60-day comment period soliciting comments on this collection of

information was published on November 22, 2017 (82 FR 55591).

Burden statement: The Commission is revising its estimate of the

burden due

to the reduced number of futures commission merchants in the

industry. The respondent burden for this collection is estimated to be

as follows:

Respondents/Affected Entities: 57.

Reports annually by each respondent: 4.

Estimated number of responses: 228.

Estimated average number of hours per response: 0.08.

Estimated total annual burden on respondents: 18 hours.

Frequency of collection: On occasion.

There are no capital costs or operating and maintenance costs

associated with this collection.

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

Dated: February 1, 2018.

Robert N. Sidman,

Deputy Secretary of the Commission.

[FR Doc. 2018-02300 Filed 2-5-18; 8:45 am]




Last Updated: February 6, 2018