Proposed Collection; Comment Request, 60415-60416 [2010-24528]
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Federal Register / Vol. 75, No. 189 / Thursday, September 30, 2010 / Notices
considering the Commission’s future
treatment of options and futures on
Precious Metal Commodity-Based ETFs
as required pursuant to the Dodd-Frank
Act, on each of the following options for
a proposed exemptive order:
1. Is there any reason the Commission
should not provide a categorical Section
4(c) exemption for the trading and
clearing of the transactions in question
on gold and/or silver Commodity-Based
ETFs?
2. Are the palladium and platinum
markets sufficiently distinct from the
gold and silver markets to justify a
different regulatory approach, for the
purposes of a Section 4(c) exemption,
for options and futures on the Palladium
and Platinum Products (i.e. the specific
ETF products identified in the OCC’s
pending submission) as compared to
that for options and futures on gold and
silver Commodity-Based ETFs.
3. More generally, should the
Commission consider extending such a
Section 4(c) exemption to options and
futures on palladium and platinum
Commodity-Based ETFs on a categorical
basis (i.e. without respect to issuer)?
4. If the Commission continues
granting Section 4(c) exemptions,
whether on an individual or categorical
basis, when presented with a request to
allow options and futures on
Commodity-Based ETFs, should the
Commission include additional
conditions and requirements? For
example, should the Commission
consider imposing large trader reporting
obligations, position limits,32 or other
analogous requirements when
exempting options and futures on
Precious Metal Commodity-Based ETFs
from the Commission’s jurisdiction?
Related Matters
A. Paperwork Reduction Act
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The Paperwork Reduction Act of 1995
(‘‘PRA’’) 33 imposes certain requirements
on federal agencies (including the
Commission) in connection with their
conducting or sponsoring any collection
of information as defined by the PRA.
At least some of the options for a
proposed exemptive order described
above, if issued with substantive
reporting or similar conditions, would
require a new collection of information
32 The Commission understands that certain
position and exercise limits on Commodity-Based
ETF options currently exist in the securities options
markets. See, e.g., ISE Rules 412 and 414; see also
NYSE Amex Rules 904 and 905. In addition, certain
position limits and position accountability rules
apply to security futures products listed and traded
on OneChicago. See OneChicago Rule 414.
33 44 U.S.C. 3507(d).
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17:48 Sep 29, 2010
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from any entities that would be subject
to the proposed order.
B. Cost-Benefit Analysis
In considering the options for a
Section 4(c) exemption allowing the
trading and clearing as options on
securities any options on gold, silver,
palladium, and platinum CommodityBased ETFs, and to clear and treat as
security futures any futures contracts on
gold, silver, palladium, and platinum
Commodity-Based ETFs, Section 15(a)
of the Act,34 as amended by Section 119
of the Commodity Futures
Modernization Act of 2000, requires the
Commission to consider the costs and
benefits of its action before issuing an
order under the Act. By its terms,
Section 15(a) as amended does not
require the Commission to quantify the
costs and benefits of an order or to
determine whether the benefits of the
order outweigh its costs. Rather, Section
15(a) simply requires the Commission to
‘‘consider the costs and benefits’’ of its
action.
Section 15(a) of the Act further
specifies that costs and benefits shall be
evaluated in light of five broad areas of
market and public concern: protection
of market participants and the public;
efficiency, competitiveness, and
financial integrity of futures markets;
price discovery; sound risk management
practices; and other public interest
considerations. Accordingly, the
Commission could in its discretion give
greater weight to any one of the five
enumerated areas and could in its
discretion determine that,
notwithstanding its costs, a particular
order was necessary or appropriate to
protect the public interest or to
effectuate any of the provisions or to
accomplish any of the purposes of the
Act.
The Commission is considering the
costs and benefits of the options for a
proposed order described above in light
of the specific provisions of Section
15(a) of the Act, as follows:
1. Protection of market participants
and the public. National securities
exchanges, OCC, and their members
who would intermediate the abovedescribed options and security futures
on gold, silver, palladium, and platinum
Commodity-Based ETFs are subject to
extensive regulatory oversight; however,
this regulatory oversight in the
securities markets does not completely
parallel the oversight programs seen in
CFTC regulated markets.
2. Efficiency, competition, and
financial integrity. The options for a
proposed exemption may enhance
34 7
PO 00000
U.S.C. 19(a).
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60415
market efficiency and competition since
they could encourage potential trading
of options and security futures on the
gold, silver, palladium, and platinum
Commodity-Based ETFs through modes
other than those normally applicable;
that is, designated contract markets or
derivatives transaction execution
facilities. Financial integrity will not be
affected since the options and security
futures on gold, silver, palladium, and
platinum Commodity-Based ETFs will
be cleared by the OCC, a DCO and SECregistered clearing agency, and
intermediated by SEC-registered brokerdealers.
3. Price discovery. Price discovery
may be enhanced through market
competition.
4. Sound risk management practices.
The options and security futures on the
gold, silver, palladium, and platinum
Commodity-Based ETFs will be subject
to OCC’s current risk-management
practices including its margining
system.
5. Other public interest
considerations. The options for a
proposed exemption may encourage
development of derivative products
through market competition without
unnecessary regulatory burden.
After considering these factors, the
Commission has determined to seek
comment on the matters discussed
above. The Commission invites public
comment on its application of the costbenefit provision.
*
*
*
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Issued in Washington, DC, on September
24, 2010 by the Commission.
David A. Stawick,
Secretary of the Commission.
[FR Doc. 2010–24586 Filed 9–29–10; 8:45 am]
BILLING CODE P
DEPARTMENT OF DEFENSE
Office of the Secretary
[Docket ID: DoD–2010–OS–0129]
Proposed Collection; Comment
Request
Office of the Under Secretary of
Defense (Personnel and Readiness),
DoD.
ACTION: Notice.
AGENCY:
In compliance with Section
3506(c)(2)(A) of the Paperwork
Reduction Act of 1995, the Office of the
Under Secretary of Defense (Personnel
and Readiness) announces the following
proposed extension of a public
information collection and seeks public
comment on the provisions thereof.
SUMMARY:
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60416
Federal Register / Vol. 75, No. 189 / Thursday, September 30, 2010 / Notices
Comments are invited on: (a) Whether
the proposed collection of information
is necessary for the proper performance
of the functions of the agency, including
whether the information shall have
practical utility; (b) the accuracy of the
agency’s estimate of burden of the
proposed information collection; (c)
ways to enhance the quality, utility, and
clarity of the information to be
collected; and (d) ways to minimize the
burden of the information collection on
respondents, including through the use
of automated collection techniques or
other forms of information technology.
DATES: Consideration will be given to all
comments received by November 29,
2010.
ADDRESSES: You may submit comments,
identified by docket number and title,
by any of the following methods:
• Federal eRulemaking Portal: https://
www.regulations.gov. Follow the
instructions for submitting comments.
• Mail: Federal Docket Management
System Office, 1160 Defense Pentagon,
Room 3C843, Washington, DC 20301–
1160.
Instructions: All submissions received
must include the agency name, docket
number and title for this Federal
Register document. The general policy
for comments and other submissions
from members of the public is to make
these submissions available for public
viewing on the Internet at https://
www.regulations.gov as they are
received without change, including any
personal identifiers or contact
information.
FOR FURTHER INFORMATION CONTACT: To
request more information on this
proposed information collection or to
obtain a copy of the proposal and
associated collection instruments,
please write to the Office of the Under
Secretary of Defense (Personnel and
Readiness) (Defense Human Resource
Activity), ATTN: Sam Yousef, 4000
Defense Pentagon, Washington, DC
20301–4000 or call at (703) 696–0478.
Title, Associated Form, and OMB
Control Number: Application for
Identification Card/DEERS Enrollment,
DD Form 1172–2, OMB Control Number
0704–0415.
Needs and Uses: This information
collection requirement is necessary to
validate eligibility for all individuals
applying for Department of Defense
benefits and privileges. These benefits
and privileges include but are not
limited to, medical coverage, DoD
Identification Cards, access to DoD
installations, buildings or facilities, and
access to DoD computer systems and
networks. This information collection is
required to obtain the necessary data
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elements to determine eligible
individual’s benefits and privileges, to
provide a proper identification card
reflecting those benefits and privileges,
and to maintain a centralized database
of the eligible population.
Affected Public: Individuals or
households.
Annual Burden Hours: 400,000.
Number of Respondents: 4,800,000.
Responses Per Respondent: 1.
Average Burden Per Response: 5
minutes.
Frequency: On occasion.
SUPPLEMENTARY INFORMATION:
Summary of Information Collection
This information collected is used to
determine an eligible individual’s
benefits and privileges, to provide a
proper identification card reflecting
those benefits and privileges, and to
maintain a centralized database of the
eligible population.
Dated: September 10, 2010.
Patricia L. Toppings,
OSD Federal Register Liaison Officer,
Department of Defense.
[FR Doc. 2010–24528 Filed 9–29–10; 8:45 am]
BILLING CODE 5001–06–P
DEPARTMENT OF DEFENSE
Office of the Secretary
[Docket ID DoD–2010–HA–0131]
Proposed Collection; Comment
Request
Office of the Assistant
Secretary of Defense for Health Affairs,
DoD.
ACTION: Notice.
AGENCY:
In compliance with Section
3506(c)(2)(A) of the Paperwork
Reduction Act of 1995, the Office of the
Assistant Secretary of Defense for
Health Affairs announces the proposed
extension of a public information
collection and seeks public comment on
the provisions thereof. Comments are
invited on: (a) Whether the proposed
collection of information is necessary
for the proper performance of the
functions of the agency, including
whether the information shall have
practical utility; (b) the accuracy of the
agency’s estimate of the burden of the
proposed information collection; (c)
ways to enhance the quality, utility, and
clarity of the information to be
collected; and (d) ways to minimize the
burden of the information collection on
respondents, including through the use
of automated collection techniques or
other forms of information technology.
SUMMARY:
PO 00000
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Fmt 4703
Sfmt 4703
Consideration will be given to all
comments received by November 29,
2010.
DATES:
You may submit comments,
identified by docket number and title,
by any of the following methods:
• Federal eRulemaking Portal: https://
www.regulations.gov. Follow the
instructions for submitting comments.
• Mail: Federal Docket Management
System Office, 1160 Defense Pentagon,
Room 3C843, Washington, DC 20301–
1160.
Instructions: All submissions received
must include the agency name, docket
number and title for this Federal
Register document. The general policy
for comments and other submissions
from members of the public is to make
these submissions available for public
viewing on the Internet at https://
www.regulations.gov as they are
received without change, including any
personal identifiers or contact
information.
ADDRESSES:
To
request more information on this
proposed information collection or to
obtain a copy of the proposal and
associated collection instruments,
please write to TRICARE Management
Activity, Office of General Counsel,
61401 E. Centretech Parkway, Attn:
Michael Bibbo, Aurora, CO 80011, or
call TRICARE Management Activity,
Office of General Counsel, at (303) 676–
3705.
Title; Associated Form; and OMB
Number: Statement of Personal Injury—
Possible Third Party Liability, TRICARE
Management Activity; DD Form 2527;
OMB Control Number 0720–0003.
Needs and Uses: This information
collection is completed by TRICARE
(formerly CHAMPUS) beneficiaries
suffering from personal injuries and
receiving medical care at Government
expense. The information is necessary
in the assertion of the Government’s
right to recovery under the Federal
Medical Care Recovery Act. The data is
used in the evaluation and processing of
these claims.
Affected Public: Individuals or
households; Federal Government.
Annual Burden Hours: 56,100.
Number of Respondents: 224,399.
Responses per Respondent: 1.
Average Burden per Response: 15
minutes.
Frequency: On occasion.
SUPPLEMENTARY INFORMATION:
FOR FURTHER INFORMATION CONTACT:
Summary of Information Collection
The Federal Medical Recovery Act, 42
U.S.C. 2651–2653 as implemented by
Executive Order No. 11060 and 28 CFR
part 43 provides for recovery of the
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Agencies
[Federal Register Volume 75, Number 189 (Thursday, September 30, 2010)]
[Notices]
[Pages 60415-60416]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2010-24528]
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DEPARTMENT OF DEFENSE
Office of the Secretary
[Docket ID: DoD-2010-OS-0129]
Proposed Collection; Comment Request
AGENCY: Office of the Under Secretary of Defense (Personnel and
Readiness), DoD.
ACTION: Notice.
-----------------------------------------------------------------------
SUMMARY: In compliance with Section 3506(c)(2)(A) of the Paperwork
Reduction Act of 1995, the Office of the Under Secretary of Defense
(Personnel and Readiness) announces the following proposed extension of
a public information collection and seeks public comment on the
provisions thereof.
[[Page 60416]]
Comments are invited on: (a) Whether the proposed collection of
information is necessary for the proper performance of the functions of
the agency, including whether the information shall have practical
utility; (b) the accuracy of the agency's estimate of burden of the
proposed information collection; (c) ways to enhance the quality,
utility, and clarity of the information to be collected; and (d) ways
to minimize the burden of the information collection on respondents,
including through the use of automated collection techniques or other
forms of information technology.
DATES: Consideration will be given to all comments received by November
29, 2010.
ADDRESSES: You may submit comments, identified by docket number and
title, by any of the following methods:
Federal eRulemaking Portal: https://www.regulations.gov.
Follow the instructions for submitting comments.
Mail: Federal Docket Management System Office, 1160
Defense Pentagon, Room 3C843, Washington, DC 20301-1160.
Instructions: All submissions received must include the agency
name, docket number and title for this Federal Register document. The
general policy for comments and other submissions from members of the
public is to make these submissions available for public viewing on the
Internet at https://www.regulations.gov as they are received without
change, including any personal identifiers or contact information.
FOR FURTHER INFORMATION CONTACT: To request more information on this
proposed information collection or to obtain a copy of the proposal and
associated collection instruments, please write to the Office of the
Under Secretary of Defense (Personnel and Readiness) (Defense Human
Resource Activity), ATTN: Sam Yousef, 4000 Defense Pentagon,
Washington, DC 20301-4000 or call at (703) 696-0478.
Title, Associated Form, and OMB Control Number: Application for
Identification Card/DEERS Enrollment, DD Form 1172-2, OMB Control
Number 0704-0415.
Needs and Uses: This information collection requirement is
necessary to validate eligibility for all individuals applying for
Department of Defense benefits and privileges. These benefits and
privileges include but are not limited to, medical coverage, DoD
Identification Cards, access to DoD installations, buildings or
facilities, and access to DoD computer systems and networks. This
information collection is required to obtain the necessary data
elements to determine eligible individual's benefits and privileges, to
provide a proper identification card reflecting those benefits and
privileges, and to maintain a centralized database of the eligible
population.
Affected Public: Individuals or households.
Annual Burden Hours: 400,000.
Number of Respondents: 4,800,000.
Responses Per Respondent: 1.
Average Burden Per Response: 5 minutes.
Frequency: On occasion.
SUPPLEMENTARY INFORMATION:
Summary of Information Collection
This information collected is used to determine an eligible
individual's benefits and privileges, to provide a proper
identification card reflecting those benefits and privileges, and to
maintain a centralized database of the eligible population.
Dated: September 10, 2010.
Patricia L. Toppings,
OSD Federal Register Liaison Officer, Department of Defense.
[FR Doc. 2010-24528 Filed 9-29-10; 8:45 am]
BILLING CODE 5001-06-P