[Federal Register Volume 82, Number 44 (Wednesday, March 8, 2017)]
[Notices]
[Pages 12944-12946]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-04538]


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COMMODITY FUTURES TRADING COMMISSION


Agency Information Collection Activities: Notice of Intent To 
Renew Collection 3038-0103, Ownership and Control Reports, Forms 102/
102S, 40/40S, and 71 (Trader and Account Identification Reports)

AGENCY: Commodity Futures Trading Commission.

ACTION: Notice.

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SUMMARY: The Commodity Futures Trading Commission (``CFTC'' or 
``Commission'') is announcing an opportunity for public comment on the 
proposed renewal of the 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 and to allow 60 days for public 
comment. This notice solicits comments in connection with information 
collection requirements under certain rules and related forms (the 
``final rules'') that the Commission adopted to enhance its 
identification of futures and swap market participants.

DATES: Comments must be submitted on or before May 8, 2017.

ADDRESSES: You may submit comments, identified by OMB Control No. 3038-
0103, 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: Joseph Otchin, Special Counsel, 
Division of Market Oversight, at 202-418-5623 or [email protected], and 
refer to OMB Control No 3038-0103.

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: Ownership and Control Reports, Forms 102/102S, 40/40S, and 
71 (Trader and Account Identification Reports) (OMB Control No. 3038-
0103). This is a request for extension of a currently approved 
information collection.
    Abstract: The final rules \1\ created new information collection 
requirements via Sec. Sec.  17.01, 18.04, 18.05, and 20.5. 
Specifically, Sec.  17.01 provides for the filing of Form 102A, Form 
102B and Form 71, as follows:
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    \1\ See Commission, Final Rule: Ownership and Control Reports, 
Forms 102/102S, 40/40S, and 71, 78 FR 69178 (November 18, 2013). 
Terms used herein and not otherwise defined herein shall have the 
meaning assigned to such terms in the final rules or in the 
Commission's regulations.
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     Pursuant to Sec.  17.01(a), futures commission merchants 
(``FCMs''), clearing members, and foreign brokers shall identify new 
special accounts to the Commission on Form 102A;
     pursuant to Sec.  17.01(b), clearing members shall 
identify volume threshold accounts to the Commission on Form 102B; and
     pursuant to Sec.  17.01(c), omnibus volume threshold 
account originators and omnibus reportable sub-account originators 
shall identify reportable sub-accounts to the Commission on Form 71 
when requested via a special call by the Commission or its designee.
    Additional reporting requirements arise from Sec.  18.04, which 
results in the collection of information via Form 40 from and regarding 
traders who own, hold, or control reportable positions; volume 
threshold account controllers; persons who own volume threshold 
accounts; reportable sub-account controllers; and persons who own 
reportable sub-accounts.
    Reporting requirements also arise from Sec.  20.5(a), which 
requires all reporting entities to submit Form 102S for swap 
counterparty or customer consolidated accounts with reportable 
positions. In addition, Sec.  20.5(b) requires every person subject to 
books or records under current Sec.  20.6 to complete a 40S filing 
after a special call upon such person by the Commission.
    In addition to the reporting requirements summarized above, Sec.  
18.05 imposes recordkeeping requirements upon: (1) Traders who own, 
hold, or control a reportable futures or options on futures position; 
(2) volume threshold account controllers; (3) persons who own volume 
threshold accounts; (4) reportable sub-account controllers; and (5) 
persons who own reportable sub-accounts.
    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;

[[Page 12945]]

     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.\2\
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    \2\ 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: The Commission estimates the burden of this 
collection of information as follows:

                                                                        Form 102A
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                                                                        Number of        Annualized
                                                                        reporting        burden per      Total annual    Estimated wage  Annual industry
                         Type of respondent                            parties per    reporting party  industry burden        rate            costs
                                                                           year           (hours)          (hours)
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FCMs, clearing members, and foreign brokers........................             260              106           27,560           $70.07       $1,931,129
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                                                                        Form 102B
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                                                                        Number of        Annualized
                                                                        reporting        burden per      Total annual    Estimated wage  Annual industry
                         Type of respondent                            parties per    reporting party  industry burden        rate            costs
                                                                           year           (hours)          (hours)
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Clearing members...................................................             175              106           18,550           $70.07       $1,299,799
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                                                                         Form 71
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                                                                        Number of      Annual burden     Total annual
                         Type of respondent                           responses per     per response   industry burden   Estimated wage  Annual industry
                                                                           year           (hours)          (hours)            rate            costs
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Originators of omnibus volume threshold accounts or omnibus                     762                8            6,096           $70.07         $427,147
 reportable sub-accounts...........................................
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                                                                         Form 40
                                                                [Arising from Form 102A]
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                                                                                         Annualized
                                                                        Number of        burden per      Total annual    Estimated wage  Annual industry
                         Type of respondent                           responses per       response     industry burden        rate            costs
                                                                           year           (hours)          (hours)
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Special account owners and controllers.............................           5,250                3           15,750           $70.07       $1,103,603
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                                                                         Form 40
                                                          [Arising from Form 102B and Form 71]
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                                                                                         Annualized
                                                                        Number of        burden per      Total annual    Estimated wage  Annual industry
                         Type of respondent                           responses per       response     industry burden        rate            costs
                                                                           year           (hours)          (hours)
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Volume threshold account controllers and owners, reportable sub-             18,920                3           56,760           $70.07       $3,977,173
 account controllers and owners....................................
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[[Page 12946]]


                                                                        Form 102S
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                                                                        Number of        Annualized
                                                                        reporting        burden per      Total annual    Estimated wage  Annual industry
                         Type of respondent                            parties per    reporting party  industry burden        rate            costs
                                                                           year           (hours)          (hours)
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Clearing members and swap dealers..................................              39              106            4,134           $70.07         $289,669
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                                                                        Form 40S
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                                                                                         Annualized
                                                                        Number of        burden per      Total annual    Estimated wage  Annual industry
                         Type of respondent                           responses per       response     industry burden        rate            costs
                                                                           year           (hours)          (hours)
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Persons subject to books and records requirements under Sec.   20.6           2,508                3            7,524           $70.07         $527,207
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                                                           Sec.   18.05--Recordkeeping Burden
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                                                                        Number of      Annual burden     Total annual
                         Type of respondent                           responses per     per response   industry burden   Estimated wage  Annual industry
                                                                           year           (hours)          (hours)            rate            costs
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Volume threshold account controllers and owners, reportable sub-                 53                5              265           $70.07          $18,569
 account controllers and owners, and traders who own, hold, or
 control reportable futures or option positions....................
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(Authority: 44 U.S.C. 3501 et seq.)

    Dated: March 3, 2017.
Robert N. Sidman,
Deputy Secretary of the Commission.
[FR Doc. 2017-04538 Filed 3-7-17; 8:45 am]
 BILLING CODE 6351-01-P