Federal Register, Volume 83 Issue 110 (Thursday, June 7, 2018) 
[Federal Register Volume 83, Number 110 (Thursday, June 7, 2018)]
[Pages 26437-26438]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-12277]



Agency Information Collection Activities: Notice of Intent To
Renew Collection Number 3038-0007, Regulation of Domestic Exchange-
Traded Options

AGENCY: Commodity Futures Trading Commission.

ACTION: Notice; Extension of an Existing Collection.


SUMMARY: The Commodity Futures Trading Commission (CFTC) is announcing
an opportunity for public comment on the proposed extension of a
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 rules related
to risk disclosure concerning exchange-traded commodity options.

DATES: Comments must be submitted on or before August 6, 2018.

ADDRESSES: You may submit comments, identified by OMB Control No. 3038-
0007 by any of the following methods:
     The Agency's website, via its Comments Online process:
http://comments.cftc.gov. Follow the instructions for submitting
comments through the website.
     Mail: Chris Kirkpatrick, Secretary of the Commission,
Commodity Futures Trading Commission, Three Lafayette Centre, 1155 21st
Street NW, Washington, DC 20581.
     Delivery/Courier: Same as Mail above.
    Please submit your comments using only one method and identify that
it is for the renewal of Collection Number 3038-0007.
    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\

    \1\ 17 CFR 145.9, 74 FR 17395, (Apr. 15, 2009).

    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.

FOR FURTHER INFORMATION CONTACT: Commodity Futures Trading Commission,
Three Lafayette Center, 1155 21st Street NW, Washington, DC 20581;
Jacob Chachkin, Division of Swap Dealer and Intermediary Oversight,
telephone: (202) 418-5496 and email: [email protected].

SUPPLEMENTARY INFORMATION: Under the PRA, 44 U.S.C. 3501 et seq.,
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. 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 OMB control numbers for the Commission's
regulations were published on December 30, 1981.\2\

    \2\ 46 FR 63035 (dec. 30, 1981).

    Title: Rules Relating to Regulation of Domestic Exchange-Traded
Options, OMB Control Number 3038-0007--Extension.
    Abstract: The rules require futures commission merchants and

[[Page 26438]]

brokers: (1) To provide their customers with standard risk disclosure
statements concerning the risk of trading commodity interests; and (2)
to retain all promotional material and the source of authority for
information contained therein. The purpose of these rules is to ensure
that customers are advised of the risks of trading commodity interests
and to avoid fraud and misrepresentation. This information collection
contains the recordkeeping and reporting requirements needed to ensure
regulatory compliance with Commission rules relating to this issue. The
disclosure and recordkeeping requirements are necessary to monitor and
to verify compliance by futures commission merchants (FCMs) and
introducing brokers (IBs) with their obligations concerning disclosure
and promotional material.
    With respect to the above 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.
    Burden Statement: The Commission estimates the burden of this
collection of information as follows:

                                                            Estimated Annual Reporting Burden
                                                                Estimated number                                          Estimated      Estimated total
                                                                 of respondents        Reports        Total annual     average number    number of hours
                          Regulation                            or recordkeepers    annually  by        responses       of hours per    of annual burden
                                                                    per year      each  respondent                        response        in fiscal year
    33.7--(Risk disclosure)...................................          1,272.00            115.00        146,280.00              0.08         11,702.40
    33.8--(Retention of promotional material).................          1,272.00              1.00          1,272.00             25.00         31,800.00
        Grand total (reporting and recordkeeping).............  ................  ................        147,552.00  ................         43,502.40

    There are no capital costs or operating and maintenance costs
associated with this collection.

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

    Dated: June 4, 2018
Robert Sidman,
Deputy Secretary of the Commission.
[FR Doc. 2018-12277 Filed 6-6-18; 8:45 am]