[Federal Register Volume 82, Number 149 (Friday, August 4, 2017)]
[Notices]
[Pages 36384-36385]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-16459]


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COMMODITY FUTURES TRADING COMMISSION


Agency Information Collection Activities Relating to Security 
Futures Products

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 
extension of a proposed collection of certain information by the 
agency. In compliance with the Paperwork Reduction Act of 1995, 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, as described below, on the proposed Information 
Collection Request (``ICR'') relating to security futures products.

DATES: Comments must be submitted on or before October 3, 2017.

ADDRESSES: You may submit comments, identified by OMB Control No. 3038-
0059 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, 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.
    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\ 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 ICR 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.
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    \1\ 17 CFR 145.9.

FOR FURTHER INFORMATION CONTACT: David Steinberg, Associate Director, 
Division of Market Oversight, Commodity Futures Trading Commission, 
(202) 418-5102; email: [email protected], and refer to OMB Control 
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No. 3038-0059.

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: Part 41, Relating to Security Futures Products (OMB Control 
No. 3038-0059). This is a request for extension of a currently approved 
information collection.
    Affected Entities: Entities potentially affected by this action are 
businesses and other for-profit institutions.
    Abstract: Section 4d(c) of the Commodity Exchange Act (``CEA''), 7 
U.S.C. 6d(c), requires the CFTC to consult with the Securities and 
Exchange Commission (``SEC'') and issue such rules, regulations, or 
orders as are necessary to avoid duplicative or conflicting regulations 
applicable to firms that are fully registered with the SEC as brokers 
or dealers and the CFTC as futures commission merchants involving 
provisions of the CEA that pertain to the treatment of customer funds. 
The CFTC, jointly with the SEC, issued regulations requiring such 
dually-registered firms to make choices as to how its customers' 
transactions in security futures products will be treated, either as 
securities transactions held in a securities account or as futures 
transactions held in a futures account. How an account is treated is 
important in the unlikely event of the insolvency of the firm. 
Securities accounts receive insurance protection under provisions of 
the Securities Investor Protection Act. By contrast, futures accounts 
are subject to the protections provided by the segregation requirements 
of the CEA.
    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. The OMB control numbers for the 
CFTC's regulations were published on December 30, 1981. See 46 FR 63035 
(Dec. 30, 1981).
    The Commission would like to solicit comments to:
     Evaluate 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;
     Evaluate 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;
     Enhance the quality, usefulness, and clarity of the 
information to be collected; and
     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.
    Burden Statement: The respondent burden for this collection is 
estimated to average 1.57 hours per response. This estimate includes 
the time needed to review instructions; develop, acquire,

[[Page 36385]]

install, and utilize technology and systems for the purposes of 
collecting, validating, and verifying information, processing and 
maintaining information and disclosing and providing information; 
adjust the existing ways to comply with any previously applicable 
instructions and requirements; train personnel to be able to respond to 
a collection of information; and transmit or otherwise disclose the 
information.
    Respondents/Affected Entities: 44.
    Estimated Number of Responses: 943.
    Estimated Total Annual Burden on Respondents: 1,482 hours.
    Frequency of Collection: On occasion.
    The regulations require no new start-up or operations and 
maintenance costs.

    Dated: August 1, 2017.
Robert N. Sidman,
Deputy Secretary of the Commission.
[FR Doc. 2017-16459 Filed 8-3-17; 8:45 am]
 BILLING CODE 6351-01-P