[Federal Register Volume 80, Number 91 (Tuesday, May 12, 2015)]
[Notices]
[Pages 27152-27153]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-11384]


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COMMODITY FUTURES TRADING COMMISSION


Agency Information Collection Activities: Notice of Intent To 
Renew Collection 3038-0021, Regulations Governing Bankruptcies of 
Commodity Brokers

AGENCY: Commodity Futures Trading Commission.

ACTION: Notice.

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SUMMARY: The Commodity Futures Trading Commission (``Commission'' or 
``CFTC'') is announcing an opportunity for public comment on the 
proposed collection of certain information by the agency. Under the 
Paperwork Reduction Act (``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, and to allow 60 days for public comment. 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 July 13, 2015.

ADDRESSES: You may submit comments, identified by OMB Control No. 3038-
0021 by any of the following methods:
     The Agency's Web site, at http://comments.cftc.gov/. 
Follow the instructions for submitting comments through the Web site.
     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.
     Federal eRulemaking Portal: http://www.regulations.gov/. 
Follow the instructions for submitting comments through the Portal.
    Please submit your comments using only one method.

FOR FURTHER INFORMATION CONTACT: Robert Wasserman, Chief Counsel, 
Division of Clearing and Risk, Commodity Futures Trading Commission, 
Three Lafayette Centre, 1155 21st Street NW., Washington, DC 20581; 
(202) 418-5092; email: [email protected], and refer to OMB Control 
No. 3038-0021.

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 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 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.
    Title: Regulations Governing Bankruptcies of Commodity Brokers (OMB 
Control No. 3038-0021). This is a request for extension of a currently 
approved information collection.
    Abstract: 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.
    With respect to the 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.
    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\
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    \1\ 17 CFR 145.9.
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    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 Request 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: 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

[[Page 27153]]

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: 0.33.
    Estimated Reports Annually per Respondent or Recordkeeper: 2.
    Estimated Hours per Response: 0.5.
    Estimated Total Hours per Year: 0.33.

 Rule 190.02(a)(2)

    Estimated Respondents or Recordkeepers per Year: 0.33.
    Estimated Reports Annually per Respondent or Recordkeeper: 1.
    Estimated Hours per Response: 2.
    Estimated Total Hours per Year: 0.67.

 Rule 190.02(b)(1)

    Estimated Respondents or Recordkeepers per Year: 0.33.
    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: 0.33.
    Estimated Reports Annually per Respondent or Recordkeeper: 10,000.
    Estimated Hours per Response: 0.1.
    Estimated Total Hours per Year: 330.

 Rule 190.02(b)(3)

    Estimated Respondents or Recordkeepers per Year: 0.05 (rarely if 
ever occurs).
    Estimated Reports Annually per Respondent or Recordkeeper: 10,000.
    Estimated Hours per Response: 0.2.
    Estimated Total Hours per Year: 100.

 Rule 190.02(b)(4)

    Estimated Respondents or Recordkeepers per Year: 0.33.
    Estimated Reports Annually per Respondent or Recordkeeper: 10,000.
    Estimated Hours per Response: 0.2.
    Estimated Total Hours per Year: 660.

 Rule 190.02(c)

    Estimated Respondents or Recordkeepers per Year: 0.33.
    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: 0.33.
    Estimated Reports Annually per Respondent or Recordkeeper: 20,000.
    Estimated Hours per Response: 0.01.
    Estimated Total Hours per Year: 0.66.

 Rule 190.03(a)(2)

    Estimated Respondents or Recordkeepers per Year: 0.33.
    Estimated Reports Annually per Respondent or Recordkeeper: 20,000.
    Estimated Hours per Response: 0.02.
    Estimated Total Hours per Year: 132.

 Rule 190.04(b)

    Estimated Respondents or Recordkeepers per Year: 0.33.
    Estimated Reports Annually per Respondent or Recordkeeper: 40,000.
    Estimated Hours per Response: 0.01.
    Estimated Total Hours per Year: 132.

 Rule 190.06(b)

    Estimated Respondents or Recordkeepers per Year: 0.33.
    Estimated Reports Annually per Respondent or Recordkeeper: 1.
    Estimated Hours per Response: 1.
    Estimated Total Hours per Year: 0.33.

 Rule 190.06(d)

    Estimated Respondents or Recordkeepers per Year: 125.
    Estimated Reports Annually per Respondent or Recordkeeper: 1000.
    Estimated Hours per Response: 0.05.
    Estimated Total Hours per Year: 6250.

 Rule 190.10(c)

    Estimated Respondents or Recordkeepers per Year: 125.
    Estimated Reports Annually per Respondent or Recordkeeper: 1000.
    Estimated Hours per Response: 0.05.
    Estimated Total Hours per Year: 6250.

    There are estimated to be no capital costs or operating and 
maintenance costs associated with this collection.

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

    Dated: May 6, 2015.
Robert N. Sidman,
Deputy Secretary of the Commission.
[FR Doc. 2015-11384 Filed 5-11-15; 8:45 am]
 BILLING CODE 6351-01-P