Agency Information Collection Activities: Rules Relating to Regulation of Domestic Exchange-Traded Options, 477-478 [2011-33841]

Download as PDF 477 Federal Register / Vol. 77, No. 3 / Thursday, January 5, 2012 / Notices membership terms for the Ecosystem Sciences and Management Working Group and (3) Update from the Research and Development Portfolio Review Task Force and discussion of next actions. For the latest agenda, please visit the SAB Web site at https:// www.sab.noaa.gov. Dr. Cynthia Decker, Executive Director, Science Advisory Board, NOAA, Rm. 11230, 1315 East-West Highway Silver Spring, Maryland 20910. (Phone: (301) 734–1156, Fax: (301) 713–1459, Email: Cynthia.Decker@noaa.gov). FOR FURTHER INFORMATION CONTACT: Dated: December 28, 2011. Terry Bevels, Acting Chief Financial Officer/Chief Administrative Officer, Office of Oceanic and Atmospheric Research, National Oceanic and Atmospheric Administration. [FR Doc. 2011–33774 Filed 1–4–12; 8:45 am] BILLING CODE 3510–KD–P COMMODITY FUTURES TRADING COMMISSION Agency Information Collection Activities: Rules Relating to Regulation of Domestic Exchange-Traded Options Commodity Futures Trading Commission. ACTION: Extension of an existing collection. AGENCY: 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), 44 U.S.C. 3501 et seq., Federal agencies are required to publish notice in the Federal Register SUMMARY: • 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. 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 rules related to risk disclosure concerning exchange traded commodity options. DATES: Comments must be submitted on or before March 5, 2012. ADDRESSES: Comments may be mailed to William Penner, Division of Clearing and Intermediary Oversight, U.S. Commodity Futures Trading Commission, 1155 21st Street NW., Washington, DC 20581. FOR FURTHER INFORMATION CONTACT: Ryne Miller, (202) 418–5921; Fax: (202) 418–5536; email: rmiller@cftc.gov. 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. With respect to the following collection of information, the CFTC invites comments on: Rules Relating to Regulation of Domestic Exchange-Traded Options, OMB Control Number 3038–0007— Extension The rules require futures commission merchants and introducing brokers: (1) To provide their customers with standard risk disclosure statements concerning the risk of trading commodity interests; and (2) to retain all promotional material and the source of authority for information contained therein. The purpose of these rules is to ensure that customers are advised of the risks of trading commodity interests and to avoid fraud and misrepresentation. This information collection contains the recordkeeping and reporting requirements needed to ensure regulatory compliance with Commission rules relating to this issue. The Commission estimates the burden of this collection of information as follows: ESTIMATED ANNUAL REPORTING BURDEN Estimated number of respondents or recordkeepers per year Regulation emcdonald on DSK5VPTVN1PROD with NOTICES Reporting: 38.3, 38.4, 40.2 and 40.3 (Procedure for designation or self-certification) ...................................... 33.7—(Risk disclosure) ................... 13.00 120.00 Subtotal (Reporting requirements) .................................. 133.00 Recordkeeping: 33.8—(Retention of promotional material) ...................................... Reports annually by each respondent 170.00 2.00 115.00 Total annual responses Estimated average number of hours per response 26.00 13,800.00 25.00 0.08 13,826.00 1.00 14:51 Jan 04, 2012 Jkt 226001 PO 00000 Frm 00008 Fmt 4703 170.00 Sfmt 4703 E:\FR\FM\05JAN1.SGM 650 1,104.00 1,754.00 25.00 Subtotal (Recordkeeping requirements) VerDate Mar<15>2010 Estimated total number of hours of annual burden in fiscal year 05JAN1 4,250.00 478 Federal Register / Vol. 77, No. 3 / Thursday, January 5, 2012 / Notices ESTIMATED ANNUAL REPORTING BURDEN—Continued Estimated number of respondents or recordkeepers per year Regulation Grand total (Reporting and recordkeeping) ..................... 303.00 There are no capital costs or operating and maintenance costs associated with this collection. Dated: December 30, 2011. Sauntia S. Warfield, Assistant Secretary of the Commission. [FR Doc. 2011–33841 Filed 1–4–12; 8:45 am] BILLING CODE P CONSUMER PRODUCT SAFETY COMMISSION Sunshine Act Meeting Notice Wednesday, January 11, 2012; 10 a.m.–11 a.m. PLACE: Hearing Room 420, Bethesda Towers, 4330 East West Highway, Bethesda, Maryland. STATUS: Closed to the Public. TIME AND DATE: Matter To Be Considered Compliance Status Report The Commission staff will brief the Commission on the status of compliance matters. For a recorded message containing the latest agenda information, call (301) 504–7948. FOR FURTHER INFORMATION CONTACT: Todd A. Stevenson, Office of the Secretary, U.S. Consumer Product Safety Commission, 4330 East West Highway, Bethesda, MD 20814, (301) 504–7923. Dated: January 3, 2012. Todd A Stevenson, Secretary. [FR Doc. 2012–64 Filed 1–3–12; 4:15 pm] BILLING CODE 6355–01–P CONSUMER PRODUCT SAFETY COMMISSION emcdonald on DSK5VPTVN1PROD with NOTICES [Docket No. CPSC–2011–0087] Petition Requesting Exception From the Lead Content Limits; Reopening of the Comment Period U.S. Consumer Product Safety Commission. ACTION: Comment request. AGENCY: VerDate Mar<15>2010 14:51 Jan 04, 2012 Jkt 226001 Reports annually by each respondent Total annual responses 13,996.00 The Consumer Product Safety Commission (‘‘Commission’’ or ‘‘CPSC’’ or ‘‘we’’ or ‘‘us’’) has received a petition requesting an exception from the 100 ppm lead content limit under section 101(b) of the Consumer Product Safety Improvement Act of 2008 (‘‘CPSIA’’), as amended by Public Law 112–28. We are reopening the comment period for 30 days. DATES: Submit comments by February 6, 2012. ADDRESSES: You may submit comments, identified by Docket No. CPSC–2011– 0087, by any of the following methods: SUMMARY: Electronic Submissions Submit electronic comments in the following way: Federal eRulemaking Portal: https:// www.regulations.gov. Follow the instructions for submitting comments. To ensure timely processing of comments, the Commission is no longer accepting comments submitted by electronic mail (email), except through: https://www.regulations.gov. Written Submissions Submit written submissions in the following way: Mail/Hand delivery/Courier (for paper, disk, or CD–ROM submissions), preferably in five copies, to: Office of the Secretary, U.S. Consumer Product Safety Commission, Room 502, 4330 East West Highway, Bethesda, MD 20814; telephone (301) 504–7923. Instructions: All submissions received must include the agency name and petition number for this rulemaking. All comments received may be posted without change, including any personal identifiers, contact information, or other personal information provided, to: https://www.regulations.gov. Do not submit confidential business information, trade secret information, or other sensitive or protected information electronically. Such information should be submitted in writing. Docket: For access to the docket to read background documents or comments received, go to: https://www. regulations.gov. FOR FURTHER INFORMATION CONTACT: Kristina Hatlelid, Ph.D., M.P.H., PO 00000 Frm 00009 Estimated average number of hours per response Fmt 4703 Sfmt 4703 Estimated total number of hours of annual burden in fiscal year 6,004.00 Directorate for Health Sciences, Consumer Product Safety Commission, 4330 East West Highway, Bethesda, MD 20814; email: khatlelid@cpsc.gov. SUPPLEMENTARY INFORMATION: Under section 101(a) of the CPSIA, consumer products designed or intended primarily for children 12 years old and younger that contain lead content in excess of 100 ppm manufactured after August 12, 2011, are considered to be banned hazardous substances under the Federal Hazardous Substances Act (‘‘FHSA’’). Section 101(b)(1) of the CPSIA provides for a functional purpose exception from lead content limits under certain circumstances. The exception allows us, on our own initiative, or upon petition by an interested party, to exclude a specific product, class of product, material, or component part from the lead limits established for children’s products under the CPSIA if, after notice and a hearing, we determine that: (i) The product, class of product, material, or component part requires the inclusion of lead because it is not practicable or not technologically feasible to manufacture such product, class of product, material, or component part, as the case may be, in accordance with section 101(a) of the CPSIA by removing the excessive lead or by making the lead inaccessible; (ii) the product, class of product, material, or component part is not likely to be placed in the mouth or ingested, taking into account normal and reasonably foreseeable use and abuse of such product, class of product, material, or component part by a child; and (iii) an exception for the product, class of product, material, or component part will have no measurable adverse effect on public health or safety, taking into account normal and reasonably foreseeable use and abuse. Under section 101(b)(1)(B) of the CPSIA, there is no measurable adverse effect on public health or safety if the exception will result in no measurable increase in blood lead levels of a child. Given the highly technical nature of the information sought, including data on the lead content of the product and test methods used to obtain those data, we believe that the notice and solicitation E:\FR\FM\05JAN1.SGM 05JAN1

Agencies

[Federal Register Volume 77, Number 3 (Thursday, January 5, 2012)]
[Notices]
[Pages 477-478]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2011-33841]


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COMMODITY FUTURES TRADING COMMISSION


Agency Information Collection Activities: Rules Relating to 
Regulation of Domestic Exchange-Traded Options

AGENCY: Commodity Futures Trading Commission.

ACTION: Extension of an existing collection.

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

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), 44 U.S.C. 3501 et seq., 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 rules related 
to risk disclosure concerning exchange traded commodity options.

DATES: Comments must be submitted on or before March 5, 2012.

ADDRESSES: Comments may be mailed to William Penner, Division of 
Clearing and Intermediary Oversight, U.S. Commodity Futures Trading 
Commission, 1155 21st Street NW., Washington, DC 20581.

FOR FURTHER INFORMATION CONTACT: Ryne Miller, (202) 418-5921; Fax: 
(202) 418-5536; email: rmiller@cftc.gov.

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.
    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 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.

Rules Relating to Regulation of Domestic Exchange-Traded Options, OMB 
Control Number 3038-0007--Extension

    The rules require futures commission merchants and introducing 
brokers: (1) To provide their customers with standard risk disclosure 
statements concerning the risk of trading commodity interests; and (2) 
to retain all promotional material and the source of authority for 
information contained therein. The purpose of these rules is to ensure 
that customers are advised of the risks of trading commodity interests 
and to avoid fraud and misrepresentation. This information collection 
contains the recordkeeping and reporting requirements needed to ensure 
regulatory compliance with Commission rules relating to this issue.
    The Commission estimates the burden of this collection of 
information as follows:

                                                            Estimated Annual Reporting Burden
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                            Estimated number                                                            Estimated total
                                                           of respondents or   Reports annually     Total annual    Estimated average   number of hours
                        Regulation                         recordkeepers per       by each           responses       number of hours    of annual burden
                                                                  year            respondent                           per response      in fiscal year
--------------------------------------------------------------------------------------------------------------------------------------------------------
Reporting:
    38.3, 38.4, 40.2 and 40.3 (Procedure for designation               13.00               2.00              26.00              25.00                650
     or self-certification)..............................
    33.7--(Risk disclosure)..............................             120.00             115.00          13,800.00               0.08           1,104.00
                                                          ----------------------------------------------------------------------------------------------
        Subtotal (Reporting requirements)................             133.00                             13,826.00                              1,754.00
                                                          ----------------------------------------------------------------------------------------------
Recordkeeping:
    33.8--(Retention of promotional material)............             170.00               1.00             170.00              25.00           4,250.00
                                                          ----------------------------------------------------------------------------------------------
    Subtotal (Recordkeeping requirements)

[[Page 478]]

 
        Grand total (Reporting and recordkeeping)........             303.00                             13,996.00                              6,004.00
--------------------------------------------------------------------------------------------------------------------------------------------------------

    There are no capital costs or operating and maintenance costs 
associated with this collection.

    Dated: December 30, 2011.
Sauntia S. Warfield,
Assistant Secretary of the Commission.
[FR Doc. 2011-33841 Filed 1-4-12; 8:45 am]
BILLING CODE P
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