Federal Register, Volume 86 Issue 17 (Thursday, January 28, 2021) 
[Federal Register Volume 86, Number 17 (Thursday, January 28, 2021)]
[Pages 7367-7368]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-01911]



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 Information and
Regulatory Affairs (OIRA), of 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 1, 2021.

ADDRESSES: Written comments and recommendations for the proposed
information collection should be submitted within 30 days of this
notice's publication to OIRA, at https://www.reginfo.gov/public/do/PRAMain. Please find this particular information collection by
selecting ``Currently under 30-day Review--Open for Public Comments''
or by using the website's search function. Comments can be entered
electronically by clicking on the ``comment'' button next to the
information collection on the ``OIRA Information Collections Under
Review'' page, or the ``View ICR--Agency Submission'' page. A copy of
the supporting statement for the collection of information discussed
herein may be obtained by visiting https://www.reginfo.gov/public/do/PRAMain.
    In addition to the submission of comments to https://Reginfo.gov as
indicated above, a copy of all comments submitted to OIRA may also be
submitted to the Commodity Futures Trading Commission (the
``Commission'' or ``CFTC'') by clicking on the ``Submit Comment'' box
next to the descriptive entry for OMB Control No. 3038-0026, at https://comments.cftc.gov/FederalRegister/PublicInfo.aspx.
    Or by either of the following methods:
     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.
    All comments must be submitted in English, or if not, accompanied
by an English translation. Comments submitted to the Commission should
include 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 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.

    \1\ 17 CFR 145.9.

FOR FURTHER INFORMATION CONTACT: Mark Bretscher, Market Participants
Division, Commodity Futures Trading Commission, (312) 596-0529; email:
[email protected], and refer to OMB Control No. 3038-0026.

    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 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 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

[[Page 7368]]

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 27, 2020 (85 FR 76037) (``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 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: 53.
    Estimated Total Annual Responses: 212.
    Estimated Total Annual Burden Hours: 17 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: January 25, 2021.
Robert Sidman,
Deputy Secretary of the Commission.
[FR Doc. 2021-01911 Filed 1-27-21; 8:45 am]