[Federal Register Volume 85, Number 31 (Friday, February 14, 2020)]
[Notices]
[Pages 8577-8578]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-02965]


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COMMODITY FUTURES TRADING COMMISSION


Agency Information Collection Activities: Notice of Intent To 
Extend Collection 3038-0101, Registration of Foreign Boards of Trade

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 renewal of a 
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, including proposed extension of an existing collection of 
information, and to allow 60 days for public comment. This notice 
solicits comments on collections of information provided for by 
Commission regulation Part 48, Registration of Foreign Boards of Trade.

DATES: Comments must be submitted on or before April 14, 2020.

ADDRESSES: You may submit comments, identified by ``Registration of 
Foreign Boards of Trade'' or ``OMB Control No. 3038-0101'' 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.

FOR FURTHER INFORMATION CONTACT: Duane C. Andresen, Associate Director, 
Division of Market Oversight, Commodity Futures Trading Commission, 
(202) 418-5492; email: [email protected].

SUPPLEMENTARY INFORMATION: Under the PRA, 44 U.S.C. 3501 et seq., 
Federal

[[Page 8578]]

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, 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. 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.
    Title: Registration of Foreign Boards of Trade (OMB Control No. 
3038-0101). This is a request for extension of a currently approved 
information collection.
    Abstract: Section 738 of the Dodd-Frank Act amended section 4(b)(1) 
of the Commodity Exchange Act to provide that the Commission may adopt 
rules and regulations requiring foreign boards of trade (FBOT) that 
wish to provide their members or other participants located in the 
United States with direct access to the FBOT's electronic trading and 
order matching system to register with the Commission. Pursuant to this 
authorization, the CFTC adopted a final rule requiring FBOTs that wish 
to permit trading by direct access to provide certain information to 
the Commission in applications for registration and, once registered, 
to provide certain information to meet quarterly and annual reporting 
requirements. The rule establishes reporting and/or recordkeeping 
requirements that are required by Part 48 of the Commission's 
regulations and are necessary to ensure that FBOTs registered to 
provide for trading by direct access meet statutory and regulatory 
requirements on an initial and ongoing basis.
    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;
     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.\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.

Burden Statement

Collection 3038-0101--Registration of Foreign Boards of Trade (17 CFR 
Part 48)

    The estimate of the burden for this collection for registered FBOTs 
remains the same. The respondent burden for this collection is 
estimated to range from two to eight hours per response for submission 
of required reports. These estimates include the time to locate, 
compile, validate, and verify and disclose and to ensure such 
information is maintained. The respondent burden for this collection is 
estimated to be as follows:
    Estimated number of respondents: 23.
    Estimated Average Burden Hours per Respondent: 374.4 hours.
    Estimated total annual burden on respondents: 8,612 hours.
    Frequency of collection: When a reportable event occurs and 
quarterly and annually for required reports.
    There are no capital costs or operating and maintenance costs 
associated with this collection.

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

    Dated: February 10, 2020
Robert Sidman,
Deputy Secretary of the Commission.
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    \1\ 17 CFR 145.9.
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[FR Doc. 2020-02965 Filed 2-13-20; 8:45 am]
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