[Federal Register Volume 83, Number 25 (Tuesday, February 6, 2018)]
[Notices]
[Pages 5250-5251]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-02300]


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COMMODITY FUTURES TRADING COMMISSION


Agency Information Collection Activities Under OMB Review

AGENCY: Commodity Futures Trading Commission.

ACTION: Notice.

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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 March 8, 2018.

ADDRESSES: Comments regarding the burden estimate 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 this notice's 
publication by either of the following methods. Please identify the 
comments by ``OMB Control No. 3038-0026.''
     By email addressed to: [email protected] or
     By mail addressed 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.
A copy of all comments submitted to OIRA should be sent to the 
Commodity Futures Trading Commission (the ``Commission'') by either of 
the following methods. The copies should refer to ``OMB Control No. 
3038-0026.''
     By mail addressed to: Christopher Kirkpatrick, Secretary 
of the Commission, Commodity Futures Trading Commission, Three 
Lafayette Centre, 1155 21st Street NW, Washington, DC 20581;
     By Hand Delivery/Courier to the same address; or
     Through the Commission's website at http://comments.cftc.gov. Please follow the instructions for submitting 
comments through the website.
A copy of the supporting statement for the collection of information 
discussed herein 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. 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: Mark Bretscher, Division of Swap 
Dealers and Intermediary Oversight, Commodity Futures Trading 
Commission, 525 W Monroe, Suite 1100, Chicago, IL 60661, (312) 596-
0529; email: [email protected] and refer to OMB Control No. 3038-
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0026.

SUPPLEMENTARY INFORMATION: 
    Title: Gross Collection of Exchange-Set Margins for Omnibus 
Accounts (OMB Control No. 3038-0026). This is a request for extension 
of a currently approved information collection.
    Abstract: Commission Regulation 1.58 requires futures commission 
merchants to collect exchange-set margin for omnibus accounts on a 
gross, rather than a net, basis. The regulation provides that the 
carrying future commission merchant (FCM) need not collect margin for 
positions traded by a person through an omnibus account in excess of 
the amount that would be required if the same person, instead of 
trading through an omnibus account, maintained its own account with the 
carrying FCM. To prevent abuse of this

[[Page 5251]]

exception to the regulation, a carrying FCM must maintain a written 
representation from the originating FCM or foreign broker that the 
particular positions held in the omnibus account are part of a hedge or 
spread transaction. This collection of information is necessary in 
order to provide documentation that can be inspected with regard to 
questions of proper compliance with gross margining requirements. This 
rule is promulgated pursuant to the Commission's rulemaking authority 
contained in Sections 4c, 4d, 4f, 4g and 8a of the Commodity Exchange 
Act, 7 U.S.C. 6c, 6d, 6f, 6g and 12a.
    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 Federal Register notice with a 
60-day comment period soliciting comments on this collection of 
information was published on November 22, 2017 (82 FR 55591).
    Burden statement: The Commission is revising its estimate of the 
burden due
    to the reduced number of futures commission merchants in the 
industry. The respondent burden for this collection is estimated to be 
as follows:
    Respondents/Affected Entities: 57.
    Reports annually by each respondent: 4.
    Estimated number of responses: 228.
    Estimated average number of hours per response: 0.08.
    Estimated total annual burden on respondents: 18 hours.
    Frequency of collection: On occasion.
    There are no capital costs or operating and maintenance costs 
associated with this collection.

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


    Dated: February 1, 2018.
Robert N. Sidman,
Deputy Secretary of the Commission.
[FR Doc. 2018-02300 Filed 2-5-18; 8:45 am]
 BILLING CODE 6351-01-P