[Federal Register Volume 76, Number 250 (Thursday, December 29, 2011)]
[Notices]
[Pages 81916-81917]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2011-33474]


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COMMODITY FUTURES TRADING COMMISSION


Agency Information Collection Activities: Notice of Intent To 
Renew Collection, Regulations Governing Bankruptcies of Commodity 
Brokers

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 collection of certain 
information by the agency. Under the Paperwork Reduction Act of 1995 
(PRA), 44 U.S.C. 3501 et seq., 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 collections of 
information provided for by Regulations Governing Bankruptcies of 
Commodity Brokers.

DATES: Comments must be submitted on or before February 27, 2012.

ADDRESSES: Comments may be mailed to Robert Wasserman, Division of 
Clearing & Risk, Commodity Futures Trading Commission, 1155 21st Street 
NW., Washington, DC 20581.

FOR FURTHER INFORMATION CONTACT: Robert Wasserman, (202) 418-5092; FAX: 
(202) 418-5547; email: [email protected].

[[Page 81917]]


SUPPLEMENTARY INFORMATION: Under the PRA, 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. To comply with this 
requirement, the CFTC is publishing notice of the proposed collection 
of information listed below.
    With respect to the following 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.
    Regulations Governing Bankruptcies of Commodity Brokers, OMB 
control number 3038-0021--Extension.
    This collection of information involves recordkeeping and notice 
requirements in the CFTC's bankruptcy rules for commodity broker 
liquidations, 17 CFR Part 190. These requirements are intended to 
facilitate the effective, efficient, and fair conduct of liquidation 
proceedings for commodity brokers and to protect the interests of 
customers in these proceedings. Commodity broker liquidations occur at 
unpredictable and irregular intervals; for purposes of estimating 
information collection burden this notice assumes an average of one 
commodity broker liquidation every three years. The CFTC further notes 
that the information collection burden will vary in particular 
commodity broker liquidations depending on the size of the commodity 
broker, the extent to which accounts are able to be quickly 
transferred, and other factors specific to the circumstances of the 
liquidation. The Commission estimates the average burden of this 
collection of information as follows:

Rule 190.02(a)(1)

    Estimated Respondents or Recordkeepers per Year: .33.
    Estimated Reports Annually per Respondent or Recordkeeper: 2.
    Estimated Hours per Response: .5.
    Estimated Total Hours per Year: .33.

Rule 190.02(a)(2)

    Estimated Respondents or Recordkeepers per Year: .33.
    Estimated Reports Annually per Respondent or Recordkeeper: 1.
    Estimated Hours per Response: 2.
    Estimated Total Hours per Year: .67.

Rule 190.02(b)(1)

    Estimated Respondents or Recordkeepers per Year: .33.
    Estimated Reports Annually per Respondent or Recordkeeper: 4.
    Estimated Hours per Response: 1.
    Estimated Total Hours per Year: 1.32.

Rule 190.02(b)(2)

    Estimated Respondents or Recordkeepers per Year: .33.
    Estimated Reports Annually per Respondent or Recordkeeper: 10,000.
    Estimated Hours per Response: .1.
    Estimated Total Hours per Year: 330.

Rule 190.02(b)(3)

    Estimated Respondents or Recordkeepers per Year: .05 (rarely if 
ever occurs).
    Estimated Reports Annually per Respondent or Recordkeeper: 10,000.
    Estimated Hours per Response: .2.
    Estimated Total Hours per Year: 100.

Rule 190.02(b)(4)

    Estimated Respondents or Recordkeepers per Year: .33.
    Estimated Reports Annually per Respondent or Recordkeeper: 10,000.
    Estimated Hours per Response: .2.
    Estimated Total Hours per Year: 660.

Rule 190.02(c)

    Estimated Respondents or Recordkeepers per Year: .33.
    Estimated Reports Annually per Respondent or Recordkeeper: 10.
    Estimated Hours per Response: 10.
    Estimated Total Hours per Year: 33.

Rule 190.03(a)(1)

    Estimated Respondents or Recordkeepers per Year: .33.
    Estimated Reports Annually per Respondent or Recordkeeper: 20,000.
    Estimated Hours per Response: .01.
    Estimated Total Hours per Year: 66.

Rule 190.03(a)(2)

    Estimated Respondents or Recordkeepers per Year: .33.
    Estimated Reports Annually per Respondent or Recordkeeper: 20,000.
    Estimated Hours per Response: .02.
    Estimated Total Hours per Year: 132.

Rule 190.04(b)

    Estimated Respondents or Recordkeepers per Year: .33.
    Estimated Reports Annually per Respondent or Recordkeeper: 40,000.
    Estimated Hours per Response: .01.
    Estimated Total Hours per Year: 132.

Rule 190.06(b)

    Estimated Respondents or Recordkeepers per Year: .33.
    Estimated Reports Annually per Respondent or Recordkeeper: 1.
    Estimated Hours per Response: 1.
    Estimated Total Hours per Year: .33.

Rule 190.06(d)

    Estimated Respondents or Recordkeepers per Year: 125.
    Estimated Reports Annually per Respondent or Recordkeeper: 1000.
    Estimated Hours per Response: .05.
    Estimated Total Hours per Year: 6,250.

Rule 190.10(c)

    Estimated Respondents or Recordkeepers per Year: 125.
    Estimated Reports Annually per Respondent or Recordkeeper: 1000.
    Estimated Hours per Response: .05.
    Estimated Total Hours per Year: 6,250.
    There are estimated to be no capital costs or operating and 
maintenance costs associated with this collection.

    Dated: December 23, 2011.
David Stawick,
Secretary of the Commission.
[FR Doc. 2011-33474 Filed 12-28-11; 8:45 am]
BILLING CODE 6351-01-P