30-day Notice

30-day Notice 2-1-16.pdf

Conflict of Interest Policies and Procedures by Future Commission Merchants and introducing Brokers

30-day Notice

OMB: 3038-0078

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Federal Register / Vol. 81, No. 20 / Monday, February 1, 2016 / Notices
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review should be directed to NMFS as
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have yet to be determined but will be
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www.pcouncil.org/council-operations/
briefing-books/) prior to the meeting.
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Authority: 16 U.S.C. 1801 et seq.
Dated: January 27, 2016.
Emily H. Menashes,
Deputy Director, Office of Sustainable
Fisheries, National Marine Fisheries Service.
[FR Doc. 2016–01759 Filed 1–29–16; 8:45 am]
BILLING CODE 3510–22–P

(‘‘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 2, 2016.
ADDRESSES: Comments regarding the
burden estimated 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 the
notice’s publication, by email at
[email protected]. Please
identify the comments by OMB Control
No. 3038–0078. Please provide the
Commodity Futures Trading
Commission (‘‘CFTC’’ or
‘‘Commission’’) with a copy of all
submitted comments at the address
listed below. Please refer to OMB
Reference No. 3038–0078, found on
http://reginfo.gov. Comments may also
be mailed 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, or
submitted through the Agency’s Web
site at http://comments.cftc.gov. Follow
the instructions for submitting
comments through the Web site.
Comments may also be mailed to:
Christopher Kirkpatrick, Secretary of the
Commission, Commodity Futures
Trading Commission, Three Lafayette
Centre, 1155 21st Street NW.,
Washington, DC 20581 or by Hand
Delivery/Courier at the same address.
A copy of the supporting statements
for the collection of information
discussed above 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.
FOR FURTHER INFORMATION CONTACT:

rmajette on DSK2TPTVN1PROD with NOTICES

COMMODITY FUTURES TRADING
COMMISSION
Agency Information Collection
Activities Under OMB Review
Commodity Futures Trading
Commission.
ACTION: Notice.
AGENCY:

In compliance with the
Paperwork Reduction Act of 1995

SUMMARY:

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15:33 Jan 29, 2016

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Jacob Chachkin, Special Counsel,
Division of Swap Dealer and
Intermediary Oversight, Commodity
Futures Trading Commission, (202)
418–5496, email: [email protected],
and refer to OMB Control No. 3038–
0078.
SUPPLEMENTARY INFORMATION:

Title: Conflicts of Interest Policies and
Procedures by Futures Commission
Merchants and Introducing Brokers
(OMB Control No. 3038–0078). This is

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5105

a request for an extension of a currently
approved information collection.
Abstract: On April 3, 2012, the
Commission adopted Commission
regulation 1.71 (Conflicts of interest
policies and procedures by futures
commission merchants and introducing
brokers) 1 pursuant to section 4d(c) 2 of
the Commodity Exchange Act (‘‘CEA’’).
Commission regulation 1.71 requires
generally that, among other things,
futures commission merchants
(‘‘FCM’’) 3 and introducing brokers
(‘‘IB’’) 4 develop conflicts of interest
procedures and disclosures, adopt and
implement written policies and
procedures reasonably designed to
ensure compliance with their conflicts
of interest and disclosure obligations,
and maintain specified records related
to those requirements.5 The
Commission believes that the
information collection obligations
imposed by Commission regulation 1.71
are essential (i) to ensuring that FCMs
and IBs develop and maintain the
conflicts of interest systems, procedures
and disclosures required by the CEA,
and Commission regulations, and (ii) to
the effective evaluation of these
registrants’ actual compliance with the
CEA and Commission regulations. 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 Commission did not
receive any comments on the 60-day
Federal Register notice, 80 FR 73732,
dated November 25, 2015.
Burden Statement: The Commission
is revising its estimate of the burden for
this collection to reflect the current
number of registered FCMs and IBs.
Accordingly, the respondent burden for
this collection is estimated to be as
follows:
Number of Registrants: 1,362.6
Estimated Average Burden Hours per
Registrant: 44.5.
Estimated Aggregate Burden Hours:
60,609.
Frequency of Recordkeeping/Thirdparty Disclosure: As applicable.
Authority: 44 U.S.C. 3501 et seq.
1 17

CFR 1.71.
U.S.C. 6d(c).
3 For the definition of FCM, see section 1a(28) of
the CEA and Commission regulation 1.3(p). 7 U.S.C.
1a(28) and 17 CFR 1.3(p).
4 For the definition of IB, see section 1a(31) of the
CEA and Commission regulation 1.3(mm). 7 U.S.C.
1a(31) and 17 CFR 1.3(mm).
5 See 17 CFR 1.71.
6 Reflects a slight reduction in the number of
registered FCMs and IBs provided in the 60-day
Federal Register notice, 80 FR 73732 (November 25,
2015).
27

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Federal Register / Vol. 81, No. 20 / Monday, February 1, 2016 / Notices

Dated: January 27, 2016.
Robert N. Sidman,
Deputy Secretary of the Commission.
[FR Doc. 2016–01758 Filed 1–29–16; 8:45 am]
BILLING CODE 6351–01–P

COMMODITY FUTURES TRADING
COMMISSION
Sunshine Act Meetings
10:00 a.m., Friday,
February 5, 2016.
PLACE: Three Lafayette Centre, 1155 21st
Street NW., Washington, DC, 9th Floor
Commission Conference Room.
STATUS: Closed.
MATTERS TO BE CONSIDERED:
Surveillance, enforcement, and
examinations matters. In the event that
the time, date, or location of this
meeting changes, an announcement of
the change, along with the new time,
date, and/or place of the meeting will be
posted on the Commission’s Web site at
http://www.cftc.gov.
CONTACT PERSON FOR MORE INFORMATION:
Christopher Kirkpatrick, 202–418–5964.
TIME AND DATE:

Natise Allen,
Executive Assistant.
[FR Doc. 2016–01850 Filed 1–28–16; 4:15 pm]
BILLING CODE 6351–01–P

COMMODITY FUTURES TRADING
COMMISSION
Agency Information Collection
Activities Under OMB Review
Commodity Futures Trading
Commission.
ACTION: Notice.
AGENCY:

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 2, 2016.
ADDRESSES: Comments regarding the
burden estimated 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 in
OMB, within 30 days of publication of
the notice, by email at
[email protected]. Please
identify the comments by OMB Control
No. 3038–0089. Please provide the

rmajette on DSK2TPTVN1PROD with NOTICES

SUMMARY:

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15:33 Jan 29, 2016

Jkt 238001

Commission with a copy of all
submitted comments at the address
listed below. Please refer to OMB
Reference No. 3038–0089, found on
http://reginfo.gov. Comments may also
be mailed 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, and to the
Commission through its Web site at
http://comments.cftc.gov. Follow the
instructions for submitting comments
through the Web site.
Comments may also be mailed to:
Christopher Kirkpatrick, Secretary of the
Commission, Commodity Futures
Trading Commission, Three Lafayette
Centre, 1155 21st Street NW.,
Washington, DC 20581, or by Hand
Delivery/Courier at the same address.
A copy of the supporting statements
for the collection of information
discussed above 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.
FOR FURTHER INFORMATION CONTACT: Tom
Guerin, Division of Market Oversight,
Commodity Futures Trading
Commission, (202) 734–4194, email:
[email protected], and refer to OMB
Control No. 3038–0089.
SUPPLEMENTARY INFORMATION: 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 12, 2015 (80 FR 69948).
Title: Swap Data Recordkeeping and
Reporting Requirements: Pre-Enactment
and Transition Swaps (OMB Control No.
3038–0089). This is a request for
extension of a currently approved
information collection.
Abstract: Section 723 of the DoddFrank Wall Street Reform and Consumer
Protection Act (‘‘Dodd-Frank Act’’)
directed the Commission to adopt rules
providing for the reporting of data
pertaining to swaps entered into before
the date of enactment of the Dodd-Frank
Act (‘‘pre-enactment swaps’’) and swaps
entered into on or after the date of
enactment of the Dodd-Frank Act but
prior to the compliance date specified in
the CFTC’s final swap data reporting
rules (‘‘transition swaps’’). On May 17,
2012, the CFTC adopted regulation 46,
which imposes recordkeeping and

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reporting requirements relating to preenactment and transition swaps. This
ICR concerns the collections of
information required by 17 CFR part 46.
Commission staff estimate that
approximately 30,125 entities, including
swap dealers, major swap participants,
and swap counterparties that are neither
swap dealers nor major swap
participants, are affected by this ICR.
The Commission did not receive any
comments regarding the burden
estimate or any other aspect of this ICR.
Burden Statement: Commission staff
estimate that the total annual time
burden for this ICR is 18,903 hours.
Commission staff estimate that the total
annual cost for this ICR is $1,436,258.
The time burden estimate represents the
annual burden that swap dealers, major
swap participants, and swap
counterparties that are neither swap
dealers nor major swap participants
incur to operate and maintain swap
recordkeeping and reporting systems to
facilitate the recordkeeping and
reporting of pre-enactment and
transition swaps. Commission staff
calculated the time burden by
estimating the burden incurred by
respondents to operate and maintain
swap data recordkeeping and reporting
systems and then estimating the portion
of that burden associated with preenactment and transition swaps.
Commission staff calculated the cost
burden by multiplying the estimated
time burden by an estimated
appropriate hourly wage rate of $75.98.
Commission staff derived the estimated
appropriate hourly wage rate by
averaging the salaries and bonuses of
relevant professions reported in the
SIFMA Report on Management &
Professional Earnings in the Securities
Industry 2013.
Respondents/Affected Entities: Swap
dealers, Major Swap Participants, and
other counterparties to a swap
transaction (i.e., end-user, non-swap
dealer/non-major swap participant
counterparties).
Estimated Number of Respondents:
30,125.
Estimated Total Annual Burden on
Respondents: 18,903 hours.
Estimated Total Annual Cost:
$1,436,258.
Frequency of Collection: Ongoing.
(Authority: 44 U.S.C. 3501 et seq.)
Dated: January 27, 2016.
Robert N. Sidman,
Deputy Secretary of the Commission.
[FR Doc. 2016–01760 Filed 1–29–16; 8:45 am]
BILLING CODE 6351–01–P

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