[Federal Register Volume 86, Number 206 (Thursday, October 28, 2021)]
[Notices]
[Pages 59697-59698]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-23442]


=======================================================================
-----------------------------------------------------------------------

COMMODITY FUTURES TRADING COMMISSION


Agency Information Collection Activities: Notice of Intent To 
Renew Collection, Rules Relating to Review of National Futures 
Association Decisions in Disciplinary, Membership Denial, Registration, 
and Member Responsibility Actions

AGENCY: Commodity Futures Trading Commission.

ACTION: Notice.

-----------------------------------------------------------------------

SUMMARY: The Commodity Futures Trading Commission (``CFTC'' or 
``Commission'') is announcing an opportunity for public comments on the 
proposed extension 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 each proposed extension 
of an existing collection of information, and to allow 60 days for 
public comment. This notice solicits comments on rules relating to 
review of National Futures Association decisions in disciplinary, 
membership denial, registration, and member responsibility actions.

DATES: Comments must be submitted on or before December 27, 2021.

[[Page 59698]]


ADDRESSES: You may submit comments, identified by ``OMB Control No. 
3038- 0043'' by any of the following methods:
     The Agency's website, at https://comments.cftc.gov/. 
Follow the instructions for submitting comments through the website.
     Mail: Christopher J. 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 https://www.cftc.gov.

FOR FURTHER INFORMATION CONTACT: Melissa Chiang, Senior Assistant 
General Counsel, Office of General Counsel, Commodity Futures Trading 
Commission, (202) 418-5578; 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 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. 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.\1\
---------------------------------------------------------------------------

    \1\ The OMB control numbers for the CFTC's regulations were 
published on December 30, 1981. See 46 FR 63035 (Dec. 30, 1981).
---------------------------------------------------------------------------

    Title: Rules Relating to Review of National Futures Association 
Decisions in Disciplinary, Membership Denial, Registration, and Member 
Responsibility Actions (OMB Control No. 3038-0043). This is a request 
for extension of a currently approved information collection.
    Abstract: 17 CFR part 171 rules require a registered futures 
association to provide fair and orderly procedures for membership and 
disciplinary actions. The Commission's review of decisions of 
registered futures associations in disciplinary, membership denial, 
registration, and member responsibility actions is governed by Section 
17(h)(2) of the Commodity Exchange Act, 7 U.S.C. 21(h)(2). The rules 
establish procedures and standards for Commission review of such 
actions, and the reporting requirements included in the procedural 
rules are either directly required by Section 17 of the Commodity 
Exchange Act or are necessary to the type of appellate review role 
Congress intended the Commission to undertake when it adopted that 
provision.
    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.
    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.\2\
---------------------------------------------------------------------------

    \2\ 17 CFR 145.9.
---------------------------------------------------------------------------

    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 https://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 Information Collection Request 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 estimated annual respondent burden for this 
collection is set forth below.
    Respondents/Affected Entities: Individuals or entities filing 
appeals from disciplinary and membership decisions by National Futures 
Association.
    Estimated number of respondents per year: 1.
    Estimated average burden hour(s) per response: 1 hour.\3\
---------------------------------------------------------------------------

    \3\ This estimate includes the time needed to transmit decisions 
of disciplinary, membership denial, registration, and member 
responsibility actions to the Commission for review.
---------------------------------------------------------------------------

    Estimated number of annual responses per respondent: 3.
    Estimated total annual burden on respondent(s): 3 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: October 22, 2021.
Robert Sidman,
Deputy Secretary of the Commission.
[FR Doc. 2021-23442 Filed 10-27-21; 8:45 am]
BILLING CODE P