2018-17336
Federal Register, Volume 83 Issue 156 (Monday, August 13, 2018)
[Federal Register Volume 83, Number 156 (Monday, August 13, 2018)]
[Notices]
[Pages 39989-39990]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-17336]
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COMMODITY FUTURES TRADING COMMISSION
Agency Information Collection Activities: Notice of Intent To
Extend Collection 3038-0101, Registration of Foreign Boards of Trade
AGENCY: Commodity Futures Trading Commission.
ACTION: Notice.
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SUMMARY: The Commodity Futures Trading Commission (CFTC) is announcing
an opportunity for public comment on the proposed renewal of a
collection of certain information by the agency. Under the Paperwork
Reduction Act (PRA), Federal agencies are required to publish notice in
the Federal Register concerning each proposed collection of
information, including proposed extension of an existing collection of
information, and to allow 60 days for public comment. This notice
solicits comments on collections of information provided for by
Commission regulation Part 48, Registration of Foreign Boards of Trade.
DATES: Comments must be submitted on or before October 12, 2018.
ADDRESSES: You may submit comments, identified by ``FBOT Registration''
or ``OMB Control No. 3038-0101'' by any of the following methods:
The Agency's website, at http://comments.cftc.gov/. Follow
the instructions for submitting comments through the website.
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.
Please submit your comments using only one method. 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: Duane C. Andresen, Associate Director,
[[Page 39990]]
Division of Market Oversight, Commodity Futures Trading Commission,
(202) 418-5492; 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 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.
Title: Registration of Foreign Boards of Trade (OMB Control No.
3038-0101). This is a request for extension of a currently approved
information collection.
Abstract: Section 738 of the Dodd-Frank Act amended section 4(b) of
the Commodity Exchange Act to provide that the Commission may adopt
rules and regulations requiring foreign boards of trade (FBOT) that
wish to provide their members or other participants located in the
United States with direct access to the FBOT's electronic trading and
order matching system to register with the Commission. Pursuant to this
authorization, the CFTC adopted a final rule requiring FBOTs that wish
to permit trading by direct access to provide certain information to
the Commission in applications for registration and, once registered,
to provide certain information to meet quarterly and annual reporting
requirements. The rule establishes reporting and/or recordkeeping
requirements that are required by Part 48 of the Commission's
regulations and are necessary to ensure that FBOTs registered to
provide for trading by direct access meet statutory and regulatory
requirements on an initial and ongoing basis.
With respect to the 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.
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\
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\1\ 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 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.
Burden Statement
Collection 3038-0101--Registration of Foreign Boards of
Trade (17 CFR part 48)
The Commission is revising its estimate of the burden for this
collection for registered FBOTs, by reducing the number of FBOTs to
which the burden applies. The respondent burden for this collection is
estimated to range from two to eight hours per response for submission
of required reports. These estimates include the time to locate,
compile, validate, and verify and disclose and to ensure such
information is maintained. The respondent burden for this collection is
estimated to be as follows:
Estimated number of respondents: 23.
Estimated Average Burden Hours Per Respondent: 375.2 hours.
Estimated total annual burden on respondents: 8630 hours.
Frequency of collection: When a reportable event occurs and
quarterly and annually for required reports.
There are no capital costs or operating and maintenance costs
associated with this collection.
Authority: 44 U.S.C. 3501 et seq.
Dated: August 8, 2018.
Christopher Kirkpatrick,
Secretary of the Commission.
[FR Doc. 2018-17336 Filed 8-10-18; 8:45 am]
BILLING CODE 6351-01-P