Federal Register, Volume 85 Issue 160 (Tuesday, August 18, 2020) 
[Federal Register Volume 85, Number 160 (Tuesday, August 18, 2020)]
[Pages 50805-50806]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-18039]



Agency Information Collection Activities: Notice of Intent To
Extend Collection 3038-0059: Part 41, Relating to Security Futures

AGENCY: Commodity Futures Trading Commission.

ACTION: Notice.


SUMMARY: The Commodity Futures Trading Commission (``Commission'' or
``CFTC'') is announcing an opportunity for public comment on the
extension of a proposed collection of certain information by the
agency. In compliance with the Paperwork Reduction Act of 1995, 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, as described below, on the proposed Information
Collection Request (``ICR'') titled: Part 41, Relating to Security
Futures Products; OMB Control Number 3038-0059.

DATES: Comments must be submitted on or before October 19, 2020.

ADDRESSES: You may submit comments, identified by OMB Control No. 3038-
0059, 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, 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

[[Page 50806]]

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:  David Steinberg, Associate Director,
Division of Market Oversight, Commodity Futures Trading Commission,
(202) 418-5102; 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.\1\

    \1\ The OMB control numbers for the CFTC regulations were
published on December 30, 1981. See 46 FR 63035 (Dec. 30, 1981).

    Title: Part 41, Relating to Security Futures Products (OMB Control
No. 3038-0059). This is a request for extension of a currently approved
information collection.
    Abstract: Section 4d(c) of the Commodity Exchange Act (``CEA''), 7
U.S.C. 6d(c), requires the CFTC to consult with the Securities and
Exchange Commission (``SEC'') and issue such rules, regulations, or
orders as are necessary to avoid duplicative or conflicting regulations
applicable to firms that are fully registered with the SEC as brokers
or dealers and the CFTC as futures commission merchants involving
provisions of the CEA that pertain to the treatment of customer funds.
The CFTC, jointly with the SEC, issued regulations requiring such
dually-registered firms to make choices as to how its customers'
transactions in security futures products will be treated, either as
securities transactions held in a securities account or as futures
transactions held in a futures account. How an account is treated is
important in the unlikely event of the insolvency of the firm.
Securities accounts receive insurance protection under provisions of
the Securities Investor Protection Act. By contrast, futures accounts
are subject to the protections provided by the segregation requirements
of the CEA.
    With respect to the collection of information, the Commission
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
electronic, 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.\2\

    \2\ 17 CFR 145.9.

    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 https://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: The respondent burden for this collection is
estimated to average 1.05 hours per response. This estimate includes
the time needed to review instructions; develop, acquire, install, and
utilize technology and systems for the purposes of collecting,
validating, and verifying information, processing and maintaining
information and disclosing and providing information; adjust the
existing ways to comply with any previously applicable instructions and
requirements; train personnel to be able to respond to a collection of
information; and transmit or otherwise disclose the information.
    Affected Entities: Entities potentially affected by this action are
businesses and other for-profit institutions.
    Respondents/Affected Entities: 34.
    Estimated number of responses: 506.
    Estimated total annual burden on respondents: 529 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: August 13, 2020.
Robert Sdman,
Deputy Secretary of the Commission.
[FR Doc. 2020-18039 Filed 8-17-20; 8:45 am]