Federal Register, Volume 86 Issue 157 (Wednesday, August 18, 2021)  
[Federal Register Volume 86, Number 157 (Wednesday, August 18, 2021)]
[Pages 46227-46228]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-17719]



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 October 18, 2021.

ADDRESSES: You may submit comments, identified by ``OMB Control No. 
3038-0007,'' by any of the following methods:
     The CFTC 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.
     Delivery/Courier: Same as Mail above.
    Please submit your comments using only one method and identify that 
it is for the extension/renewal of Collection Number 3038-0007. All 
comments must be submitted in English, or if not,

[[Page 46228]]

accompanied by an English translation. Comments will be posted as 
received to http://www.cftc.gov.

FOR FURTHER INFORMATION CONTACT: Jacob Chachkin, Associate Chief 
Counsel, Market Participants Division, Commodity Futures Trading 
Commission, telephone: (202) 418-5496; 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. 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\ To comply with this requirement, 
the CFTC is publishing notice of the proposed extension of an existing 
collection of information listed below.

    \1\ 46 FR 63035 (Dec. 30, 1981).

    Title: Rules Relating to Regulation of Domestic Exchange-Traded 
Options, OMB Control Number 3038-0007-- Extension of a currently 
approved collection.
    Abstract: The rules require futures commission merchants (FCMs) and 
introducing brokers (IBs): (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 FCMs 
and IBs with their obligations concerning disclosure and promotional 
    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.
    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 section 145.9 of 
the Commission's regulations.\2\

    \2\ 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 Information Collection Requirement 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 Commission estimates the burden of this 
collection of information as follows:
    Estimated Number of Annual Respondents: 1,112.
    Estimated Average Annual Burden Hours per Respondent: 34.2.
    Estimated Total Annual Burden Hours: 38,030.4.
    Frequency of Collection: Occasional.
    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, 2021.
Robert Sidman,
Deputy Secretary of the Commission.
[FR Doc. 2021-17719 Filed 8-17-21; 8:45 am]