[Federal Register Volume 84, Number 126 (Monday, July 1, 2019)]
[Pages 31307-31308]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-13942]



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 July 31, 2019.

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. 3038-0078.''
     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 (Commission) by either of the
following methods. The copies should refer to ``OMB Control No. 3038-
     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.
    Please submit your comments to the Commission using only one
method. 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

[[Page 31308]]

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: 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.

    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) \2\ pursuant to
section 4d(c) \3\ of the Commodity Exchange Act (CEA). Commission
regulation 1.71 requires generally that, among other things, futures
commission merchants (FCM) \4\ and introducing brokers (IB) \5\ 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.\6\ 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.

    \2\ 17 CFR 1.71.
    \3\ 7 U.S.C. 6d(c).
    \4\ For the definition of FCM, see section 1a(28) of the CEA and
Commission regulation 1.3. 7 U.S.C. 1a(28) and 17 CFR 1.3.
    \5\ For the definition of IB, see section 1a(31) of the CEA and
Commission regulation 1.3. 7 U.S.C. 1a(31) and 17 CFR 1.3.
    \6\ See 17 CFR 1.71.

    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. On April 9, 2019, the Commission
published in the Federal Register notice of the proposed extension of
this information collection and provided 60 days for public comment on
the proposed extension, 84 FR 14098 (60-Day Notice). The Commission did
not receive any relevant comments on the 60-Day Notice.
    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:
    Estimated Number of Respondents: 1,244.
    Estimated Average Burden Hours per Respondent: 44.5.
    Estimated Total Annual Burden Hours: 55,358.
    Frequency of Collection: As applicable.
    There are no capital costs or operating and maintenance costs
associated with this collection.

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

    Dated: June 25, 2019.
Robert Sidman,
Deputy Secretary of the Commission.
[FR Doc. 2019-13942 Filed 6-28-19; 8:45 am]