[Federal Register Volume 84, Number 68 (Tuesday, April 9, 2019)]
[Notices]
[Pages 14097-14098]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-06938]


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COMMODITY FUTURES TRADING COMMISSION


Agency Information Collection Activities: Notice of Intent To 
Renew Collection 3038-0009, Large Trader Reports

AGENCY: Commodity Futures Trading Commission.

ACTION: Notice.

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SUMMARY: The Commodity Futures Trading Commission (CFTC) is announcing 
an opportunity for public comment on the proposed collection of certain 
information by the agency. Under the Paperwork Reduction Act of 1995 
(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 of information, and 
to allow 60 days for public comment in response to the notice. This 
notice solicits comments on large trader reports and related forms.

DATES: Comments must be submitted on or before June 10, 2019.

ADDRESSES: You may submit comments, identified by OMB Control No. 3038-
0009 by any of the following methods:
     The Agency's website, at http://comments.cftc.gov/. Follow 
the instructions for submitting comments through the website.
     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.
    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.

FOR FURTHER INFORMATION CONTACT: Jonathan Lave, Associate Director, 
Division of Market Oversight, Commodity Futures Trading Commission, 
(202) 418-5983; email: [email protected].

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(c) 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, including each 
proposed extension of an existing 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: Large Trader Reports (OMB Control No. 3038-0009). This is a 
request for extension of a currently approved information collection.
    Abstract: The reporting rules covered by OMB control number 3038-
0009 (``the Collection'') are structured to ensure that the Commission 
receives adequate information to carry out its market and financial 
surveillance programs. The market surveillance programs analyze market 
information to detect and prevent market disruptions and enforce 
speculative position limits. The financial surveillance programs 
combine market information with financial data to assess the financial 
risks presented by large customer positions to Commission registrants 
and clearing organizations.
    The reporting rules are implemented by the Commission partly 
pursuant to the authority of Sections 4a, 4c(b), 4g, and 4i of the 
Commodity Exchange Act. Section 4a of the Act permits the Commission to 
set, approve exchange-set, and enforce speculative position limits. 
Section 4c(b) of the Act gives the Commission plenary authority to 
regulate transactions that involve commodity options. Section 4g of the 
Act imposes reporting and recordkeeping obligations on registered 
entities and registrants (including futures commission merchants 
(FCMs), introducing brokers, floor brokers, or floor traders), and 
requires each registrant to file such reports as the Commission may 
require on proprietary and customer positions executed on any board of 
trade in the United States or elsewhere. Lastly, section 4i of the Act 
requires the filing of such reports as the Commission may require when 
positions made or obtained on designated contract markets or 
derivatives transaction execution facilities equal or exceed 
Commission-set levels.
    With respect to the following 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

[[Page 14098]]

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.
    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 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.
    Burden Statement: The respondent burden for this collection is 
estimated to be 0.26 hour per response, on average. These estimates 
include the time to locate the information related to the exemptions 
and to file necessary exemption paperwork. There are approximately 
74,418 responses annually, thus the estimated total annual burden on 
respondents is 19,676 hours.
    Respondents/Affected Entities: Large Traders, Clearing Members, 
Contract Markets, and other entities affected by Commission regulations 
16.00 and 17.00 as well as Parts 19 and 21.
    Estimated number of respondents: 480.
    Estimated total annual burden on respondents: 19,676 hours.
    Frequency of collection: Periodically.
    There are no capital costs or operating and maintenance costs 
associated with this collection.

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

    Dated: April 3, 2019.
Robert Sidman,
Deputy Secretary of the Commission.
[FR Doc. 2019-06938 Filed 4-8-19; 8:45 am]
 BILLING CODE 6351-01-P