[Federal Register Volume 82, Number 137 (Wednesday, July 19, 2017)]
[Notices]
[Pages 33069-33070]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-15091]


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COMMODITY FUTURES TRADING COMMISSION


Agency Information Collection Activities Under OMB Review

AGENCY: Commodity Futures Trading Commission.

ACTION: Notice of review.

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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 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 August 18, 2017.

ADDRESSES: Comments regarding the burden estimated or any other aspect 
of the information collection, including suggestions for reducing the 
burden, may be submitted directly to the Office of Information and 
Regulatory Affairs (OIRA) in OMB, within 30 days of the notice's 
publication, by email at [email protected]. Please identify 
the comments by OMB Control No. 3038-0103. Please provide the 
Commission with a copy of all submitted comments at the address listed 
below. Please refer to OMB Reference No. 3038-0103, found on http://reginfo.gov. Comments may also be mailed to the Office of Information 
and Regulatory Affairs, Office of Management and Budget, Attention: 
Desk Officer for the Commodity Futures Trading Commission, 725 17th 
Street, NW., Washington, DC 20503, and to Christopher Kirkpatrick, 
Secretary of the Commission, Commodity Futures Trading Commission, 
Three Lafayette Centre, 1155 21st Street NW., Washington, DC 20581; or 
through the Agency's Web site at http://comments.cftc.gov. Follow the 
instructions for submitting comments through the Web site.
    A copy of the supporting statements for the collection of 
information discussed above may be obtained by visiting http://reginfo.gov. 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.

FOR FURTHER INFORMATION CONTACT: Richard Mo, Special Counsel, Division 
of Market Oversight, at 202-418-7637 or [email protected] or David E. Aron, 
Special Counsel, Division of Market Oversight, at 202-418-6621 or 
[email protected], and refer to OMB Control No 3038-0103.

SUPPLEMENTARY INFORMATION: 
    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 Ownership and Control Reports (OCR) 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 OCR 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;\2\
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    \2\ Form 102A is an updated version of old Form 102, which was 
titled ``Identification of Special Accounts.'' Form 102A collects 
information with respect to position-based special accounts in the 
futures market. Form 102A also requires clearing members to identify 
the individual trading accounts underlying these special accounts.
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     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 102S 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

[[Page 33070]]

controllers; (3) persons who own volume threshold accounts; (4) 
reportable sub-account controllers; and (5) persons who own reportable 
sub-accounts.
    A 60-day notice of intent to renew collection 3038-0103 (the ``60-
Day Notice'') was published in the Federal Register at 82 FR 12944 
(March 8, 2017). In response to the 60-day Notice, the Commission 
received four comment letters from four entities, namely (a) the 
National Rural Electric Cooperative Association; (b) the Commercial 
Energy Working Group; (c) the International Energy Credit Association; 
and (d) Capital Confirmation, Inc. (non-substantive comment). The 
comment letters are available through the Commission's Web site at: 
https://comments.cftc.gov/PublicComments/CommentList.aspx?id=1781.
    Burden Statement: The Commission is updating its burden estimates 
in response to comment letters received. The Commission estimates the 
burden of this collection of information as follows:

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                                     Number of      Annualized     Total annual
                                     reporting      burden per       industry     Estimated wage      Annual
       Type of respondent           parties per      reporting        burden           rate       industry costs
                                       year        party (hours)      (hours)
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                                                    Form 102A
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FCMs, clearing members, and                  260             106          27,560          $75.13      $2,070,583
 foreign brokers................
                                                    Form 102B
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Clearing members................             175             106          18,550          $75.13      $1,393,662
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                                                     Form 71
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Originators of omnibus volume                762               8           6,096          $75.13        $457,992
 threshold accounts or omnibus
 reportable sub-accounts........
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                                        Form 40 (arising from Form 102A)
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Special account owners and                 5,250               5          26,250          $75.13      $1,972,163
 controllers....................
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                                  Form 40 (arising from Form 102B and Form 71)
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Volume threshold account                  18,920               5          94,600          $75.13      $7,107,298
 controllers and owners,
 reportable sub-account
 controllers and owners.........
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                                                    Form 102S
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Clearing members and swap                     39             106           4,134          $75.13        $310,587
 dealers........................
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                                                    Form 40S
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Persons subject to books and               2,508               5          12,540          $75.13        $942,130
 records requirements under Sec.
   20.6.........................
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                                        Sec.   18.05 Recordkeeping Burden
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Volume threshold account                      53               5             265          $75.13         $19,909
 controllers and owners,
 reportable sub-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: July 12, 2017.
Robert N. Sidman,
Deputy Secretary of the Commission.
[FR Doc. 2017-15091 Filed 7-18-17; 8:45 am]
 BILLING CODE 6351-01-P