Fees for Reviews of the Rule Enforcement Programs of Designated Contract Markets and Registered Futures Associations, 66493-66495 [2015-27535]
Download as PDF
asabaliauskas on DSK5VPTVN1PROD with NOTICES
Federal Register / Vol. 80, No. 209 / Thursday, October 29, 2015 / Notices
potential) on charter operator and owner
behavior and welfare, it is necessary to
obtain a better general understanding of
the Alaska recreational charter boat
industry. Some information useful for
this purpose is already collected from
existing sources, such as charter vessel
logbooks administered by the Alaska
Department of Fish and Game (ADF&G).
In addition, a voluntary survey under
this OMB Control Number administered
to collect economic information for
three fishing seasons (2011–2013) from
business owners in the charter fleet was
administered between 2012 and 2014. It
collected information on vessel and
crew characteristics, services offered to
clients, spatial and temporal aspects of
their operations and fishing behavior,
and costs and earnings information for
the three fishing seasons prior to
implementation of the Halibut Catch
Sharing Plan. These data were collected
directly from the industry since they are
not available from other existing data
sources. A description of the previouslyfielded survey and a summary of the
results are available in a NOAA
Technical Memorandum that can be
accessed at https://www.afsc.noaa.gov/
Publications/AFSC-TM/NOAA-TMAFSC-299.pdf.
To evaluate changes in the charter
sector associated with the Halibut Catch
Sharing Plan, the National Marine
Fisheries Service’s (NMFS) Alaska
Fisheries Science Center proposes to
continue the implementation of the
survey of charter vessel owners to
collect annual cost, earnings, and
employment data that will supplement
logbook data collected by ADF&G. The
proposed data collection will provide
another three years of basic economic
information about the charter sector
beyond the 2011 to 2013 data that was
collected previously, including
revenues produced from different
products and services provided to
clients, fixed and variable operating
costs, and locations of purchases. These
data will support improved analysis and
of the effects of fisheries regulations on
the charter fishing industry, information
that is increasingly needed by the North
Pacific Fishery Management Council
and NMFS to more completely
understand ongoing halibut allocation
issues and other fishery management
issues involving the charter industry.
The survey will have minor changes,
including, possibly, a small set of
questions about how charter vessels
have been impacted by a new
management program)
Affected Public: Business or other forprofit organizations.
Frequency: Annually.
Respondent’s Obligation: Voluntary.
VerDate Sep<11>2014
23:37 Oct 28, 2015
Jkt 238001
This information collection request
may be viewed at reginfo.gov. Follow
the instructions to view Department of
Commerce collections currently under
review by OMB.
Written comments and
recommendations for the proposed
information collection should be sent
within 30 days of publication of this
notice to OIRA_Submission@
omb.eop.gov or fax to (202) 395–5806.
Dated: October 26, 2015.
Sarah Brabson,
NOAA PRA Clearance Officer.
66493
Special Accommodations
This meeting is physically accessible
to people with disabilities. Requests for
sign language interpretation or other
auxiliary aids should be directed to
Thomas A. Nies, Executive Director, at
(978) 465–0492, at least 5 days prior to
the meeting date.
Authority: 16 U.S.C. 1801 et seq.
Dated: October 26, 2015.
Tracey L. Thompson,
Acting Deputy Director, Office of Sustainable
Fisheries, National Marine Fisheries Service.
[FR Doc. 2015–27570 Filed 10–28–15; 8:45 am]
[FR Doc. 2015–27598 Filed 10–28–15; 8:45 am]
BILLING CODE 3510–22–P
BILLING CODE 3510–22–P
DEPARTMENT OF COMMERCE
COMMODITY FUTURES TRADING
COMMISSION
National Oceanic and Atmospheric
Administration
RIN 0648–XE275
New England Fishery Management
Council; Public Meeting
National Marine Fisheries
Service (NMFS), National Oceanic and
Atmospheric Administration (NOAA),
Commerce.
ACTION: Notice; public meeting.
AGENCY:
The New England Fishery
Management Council (Council) is
scheduling a public meeting of its Joint
Skate Advisory Panel & Committee
Meeting to consider actions affecting
New England fisheries in the exclusive
economic zone (EEZ).
Recommendations from this group will
be brought to the full Council for formal
consideration and action, if appropriate.
DATES: This meeting will be held on
Thursday, November 12, 2015 at 9:30
a.m.
ADDRESSES: The meeting will be held at
the Radisson Airport Hotel, 2081 Post
Road, Warwick, RI 02886; telephone:
(401) 739–3000; fax: (401) 732–9309.
Council address: New England
Fishery Management Council, 50 Water
Street, Mill 2, Newburyport, MA 01950.
FOR FURTHER INFORMATION CONTACT:
Thomas A. Nies, Executive Director,
New England Fishery Management
Council; telephone: (978) 465–0492.
SUPPLEMENTARY INFORMATION:
SUMMARY:
Agenda
The Skate Committee and Advisory
Panel will review Plan Development
Team work on alternatives under
consideration and impacts of these
alternatives in Framework Adjustment 3
and select preferred alternatives. They
will also discuss other business as
necessary.
PO 00000
Frm 00006
Fmt 4703
Sfmt 4703
Fees for Reviews of the Rule
Enforcement Programs of Designated
Contract Markets and Registered
Futures Associations
Commodity Futures Trading
Commission.
ACTION: Notice of 2015 schedule of fees.
AGENCY:
The Commodity Futures
Trading Commission (‘‘CFTC’’ or
‘‘Commission’’) charges fees to
designated contract markets and
registered futures associations to recover
the costs incurred by the Commission in
the operation of its program of oversight
of self-regulatory organization rule
enforcement programs, specifically
National Futures Association, a
registered futures association, and the
designated contract markets. The
calculation of the fee amounts charged
for 2015 by this notice is based upon an
average of actual program costs incurred
during fiscal year (‘‘FY’’) 2012, FY 2013,
and FY 2014.
DATES: Effective date: Each selfregulatory organization is required to
remit electronically the applicable fee
on or before December 28, 2015.
FOR FURTHER INFORMATION CONTACT:
Mary Jean Buhler, Chief Financial
Officer, Commodity Futures Trading
Commission; (202) 418–5089; Three
Lafayette Centre, 1155 21st Street NW.,
Washington, DC 20581. For information
on electronic payment, contact Jennifer
Fleming; (202) 418–5034; Three
Lafayette Centre, 1155 21st Street NW.,
Washington, DC 20581.
SUPPLEMENTARY INFORMATION:
SUMMARY:
I. Background Information
A. General
This notice relates to fees for the
Commission’s review of the rule
enforcement programs at the registered
E:\FR\FM\29OCN1.SGM
29OCN1
66494
Federal Register / Vol. 80, No. 209 / Thursday, October 29, 2015 / Notices
futures associations 1 and designated
contract markets (‘‘DCM’’), each of
which is a self-regulatory organization
(‘‘SRO’’) regulated by the Commission.
The Commission recalculates the fees
charged each year to cover the costs of
operating this Commission program.2
The fees are set each year based on
direct program costs, plus an overhead
factor. The Commission calculates
actual costs, then calculates an alternate
fee taking volume into account, and
then charges the lower of the two.3
B. Overhead Rate
The fees charged by the Commission
to the SROs are designed to recover
program costs, including direct labor
costs and overhead. The overhead rate
is calculated by dividing total
Commission-wide overhead direct
program labor costs into the total
amount of the Commission-wide
overhead pool. For this purpose, direct
program labor costs are the salary costs
of personnel working in all Commission
programs. Overhead costs generally
consist of the following Commissionwide costs: Indirect personnel costs
(leave and benefits), rent,
communications, contract services,
utilities, equipment, and supplies. This
formula has resulted in the following
overhead rates for the most recent three
years (rounded to the nearest whole
percent): 161 percent for FY 2012, 181
percent for FY 2013, and 180 percent for
FY 2014.
C. Conduct of SRO Rule Enforcement
Reviews
Under the formula adopted by the
Commission in 1993, the Commission
calculates the fee to recover the costs of
its rule enforcement reviews and
examinations, based on the three-year
average of the actual cost of performing
such reviews and examinations at each
SRO. The cost of operation of the
Commission’s SRO oversight program
varies from SRO to SRO, according to
the size and complexity of each SRO’s
program. The three-year averaging
computation method is intended to
smooth out year-to-year variations in
cost. Timing of the Commission’s
reviews and examinations may affect
costs—a review or examination may
span two fiscal years and reviews and
examinations are not conducted at each
SRO each year.
As noted above, adjustments to actual
costs may be made to relieve the burden
on an SRO with a disproportionately
large share of program costs. The
Commission’s formula provides for a
reduction in the assessed fee if an SRO
has a smaller percentage of United
Actual total costs
FY 2012
FY 2013
3-Year average actual
costs
FY 2014
States industry contract volume than its
percentage of overall Commission
oversight program costs. This
adjustment reduces the costs so that, as
a percentage of total Commission SRO
oversight program costs, they are in line
with the pro rata percentage for that
SRO of United States industry-wide
contract volume.
The calculation is made as follows:
The fee required to be paid to the
Commission by each DCM is equal to
the lesser of actual costs based on the
three-year historical average of costs for
that DCM or one-half of average costs
incurred by the Commission for each
DCM for the most recent three years,
plus a pro rata share (based on average
trading volume for the most recent three
years) of the aggregate of average annual
costs of all DCMs for the most recent
three years. The formula for calculating
the second factor is: 0.5a + 0.5 vt =
current fee. In this formula, ‘‘a’’ equals
the average annual costs, ‘‘v’’ equals the
percentage of total volume across DCMs
over the last three years, and ‘‘t’’ equals
the average annual costs for all DCMs.
NFA has no contracts traded; hence, its
fee is based simply on costs for the most
recent three fiscal years. This table
summarizes the data used in the
calculations of the resulting fee for each
entity:
3-Year percent
of volume
Volume
adjusted
costs
2015
Assessed
fee
$29,278
238,392
757,347
34,593
221,813
34,335
60,897
11,293
$235,567
164,974
391,917
134,267
360,223
559
220,975
101,252
$—
55,515
225,701
....................
81,176
....................
47,648
980
$88,282
152,960
458,322
56,287
221,071
11,631
109,840
37,842
0.98
30.02
44.93
0.026
8.56
0.12
0.04
0.033
$50,853
281,079
535,344
28,320
168,880
6,615
55,225
19,147
$50,853
152,960
458,322
28,320
168,880
6,615
55,225
19,147
7,411
71,317
55,755
135,316
24,802
128,599
225,672
....................
31,196
122,800
32,039
71,850
14.69
0.34
0.241
161,480
18,354
37,568
122,800
18,354
37,568
Subtotal ...........................
National Futures Association
1,522,431
487,328
1,898,451
186,499
667,888
292,102
1,362,924
321,976
100
..........................
1,362,865
........................
1,119,044
321,976
Total .........................
asabaliauskas on DSK5VPTVN1PROD with NOTICES
CBOE Futures ........................
Chicago Board of Trade ........
Chicago Mercantile Exchange
ELX Futures ...........................
ICE Futures U.S. ....................
Kansas City Board of Trade ..
Minneapolis Grain Exchange
NADEX North American ........
New York Mercantile Exchange .. .............................
NYSE LIFFE US ....................
One Chicago ..........................
2,009,759
2,084,950
959,990
1,684,900
..........................
........................
1,441,020
An example of how the fee is
calculated for one exchange, the
Chicago Board of Trade, is set forth
here:
a. Actual three-year average costs
equal $152,960.
b. The alternative computation is: (.5)
($152,960) + (.5) (.30) ($1,347,041) =
$278,695.
c. The fee is the lesser of a or b; in
this case $152,960.
As noted above, the alternative
calculation based on contracts traded is
not applicable to NFA because it is not
a DCM and has no contracts traded. The
Commission’s average annual cost for
conducting oversight review of the NFA
rule enforcement program during fiscal
years 2012 through 2014 was $321,976.
The fee to be paid by the NFA for the
current fiscal year is $321,976.
1 National Futures Association is the only
registered futures association.
2 See Section 237 of the Futures Trading Act of
1982, 7 U.S.C. 16a, and 31 U.S.C. 9701. For a
broader discussion of the history of Commission
fees, see 52 FR 46070, Dec. 4, 1987.
3 58 FR 42643, Aug. 11, 1993, and 17 CFR part
1, app. B.
VerDate Sep<11>2014
23:37 Oct 28, 2015
Jkt 238001
PO 00000
Frm 00007
Fmt 4703
Sfmt 4703
E:\FR\FM\29OCN1.SGM
29OCN1
Federal Register / Vol. 80, No. 209 / Thursday, October 29, 2015 / Notices
II. Schedule of Fees
Fees for the Commission’s review of
the rule enforcement programs at the
66495
registered futures associations and
DCMs regulated by the Commission are
as follows:
3-Year average
actual cost
3-Year percent of
volume
2015 Fee lesser
of actual or calculated fee
CBOE Futures .........................................................................................................
Chicago Board of Trade ..........................................................................................
Chicago Mercantile Exchange .................................................................................
ELX Futures .............................................................................................................
ICE Futures U.S. .....................................................................................................
Kansas City Board of Trade ....................................................................................
Minneapolis Grain Exchange ...................................................................................
NADEX North American ..........................................................................................
New York Mercantile Exchange ..............................................................................
NYSE LIFFE US ......................................................................................................
One Chicago ............................................................................................................
$88,282
152,960
458,322
56,287
221,071
11,631
109,840
37,842
122,800
32,039
71,850
0.98
30.02
44.93
0.03
8.56
0.12
0.04
0.03
14.69
0.34
0.2412
$50,853
152,960
458,322
28,320
168,880
6,615
55,225
19,147
122,800
18,354
37,568
Subtotal .............................................................................................................
National Futures Association ...................................................................................
1,362,924
321,976
100
................................
1,119,044
321,976
Total ...........................................................................................................
1,684,900
................................
1,441,020
III. Payment Method
The Debt Collection Improvement Act
(DCIA) requires deposits of fees owed to
the government by electronic transfer of
funds. See 31 U.S.C. 3720. For
information about electronic payments,
please contact Jennifer Fleming at (202)
418–5034 or jfleming@cftc.gov, or see
the CFTC Web site at www.cftc.gov,
specifically, www.cftc.gov/cftc/
cftcelectronicpayments.htm.
(Authority: 7 U.S.C. 16a)
Issued in Washington, DC, on October 23,
2015, by the Commission.
Christopher J. Kirkpatrick,
Secretary of the Commission.
[FR Doc. 2015–27535 Filed 10–28–15; 8:45 am]
BILLING CODE 6351–01–P
BUREAU OF CONSUMER FINANCIAL
PROTECTION
[Docket No. CFPB–2015–0046]
Agency Information Collection
Activities: Comment Request
Bureau of Consumer Financial
Protection.
ACTION: Notice and request for comment.
AGENCY:
In accordance with the
Paperwork Reduction Act of 1995
(PRA), the Consumer Financial
Protection Bureau (Bureau) is requesting
to renew the Office of Management and
Budget’s (OMB) approval for an existing
information collection titled, ‘‘Generic
Information Collection Plan for
Information on Compliance Costs and
Other Effects of Regulations.’’
DATES: Written comments are
encouraged and must be received on or
asabaliauskas on DSK5VPTVN1PROD with NOTICES
SUMMARY:
VerDate Sep<11>2014
23:37 Oct 28, 2015
Jkt 238001
before December 28, 2015 to be assured
of consideration.
ADDRESSES: You may submit comments,
identified by the title of the information
collection, OMB Control Number (see
below), and docket number (see above),
by any of the following methods:
• Electronic: https://
www.regulations.gov. Follow the
instructions for submitting comments.
• Mail: Consumer Financial
Protection Bureau (Attention: PRA
Office), 1700 G Street NW., Washington,
DC 20552.
• Hand Delivery/Courier: Consumer
Financial Protection Bureau (Attention:
PRA Office), 1275 First Street NE.,
Washington, DC 20002.
Please note that comments submitted
after the comment period will not be
accepted. In general, all comments
received will become public records,
including any personal information
provided. Sensitive personal
information, such as account numbers
or social security numbers, should not
be included.
FOR FURTHER INFORMATION CONTACT:
Documentation prepared in support of
this information collection request is
available at www.regulations.gov.
Requests for additional information
should be directed to the Consumer
Financial Protection Bureau, (Attention:
PRA Office), 1700 G Street NW.,
Washington, DC 20552, (202) 435–9575,
or email: PRA@cfpb.gov. Please do not
submit comments to this mailbox.
SUPPLEMENTARY INFORMATION:
Title of Collection: Generic
Information Collection Plan for
Information on Compliance Costs and
Other Effects of Regulations.
OMB Control Number: 3170–0032.
PO 00000
Frm 00008
Fmt 4703
Sfmt 4703
Type of Review: Extension without
change of a currently approved
collection.
Affected Public: Private Sector.
Estimated Number of Respondents:
8,150.
Estimated Total Annual Burden
Hours: 9,008.
Abstract: The Dodd-Frank Wall Street
Reform and Consumer Protection Act
requires or authorizes the Consumer
Financial Projection Bureau to
implement new consumer protections in
certain sectors of financial markets,
including the mortgage and remittance
industries. The information collected is
required in order to effectively
incorporate information from financial
services providers concerning
compliance costs and other effects of
regulations into potential rulemakings.
Request for Comments: Comments are
invited on: (a) Whether the collection of
information is necessary for the proper
performance of the functions of the
Bureau, including whether the
information will have practical utility;
(b) The accuracy of the Bureau’s
estimate of the burden of the collection
of information, including the validity of
the methods and the assumptions used;
(c) Ways to enhance the quality, utility,
and clarity of the information to be
collected; and (d) Ways to minimize the
burden of the collection of information
on respondents, including through the
use of automated collection techniques
or other forms of information
technology. Comments submitted in
response to this notice will be
summarized and/or included in the
request for Office of Management and
Budget (OMB) approval. All comments
will become a matter of public record.
E:\FR\FM\29OCN1.SGM
29OCN1
Agencies
[Federal Register Volume 80, Number 209 (Thursday, October 29, 2015)]
[Notices]
[Pages 66493-66495]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-27535]
=======================================================================
-----------------------------------------------------------------------
COMMODITY FUTURES TRADING COMMISSION
Fees for Reviews of the Rule Enforcement Programs of Designated
Contract Markets and Registered Futures Associations
AGENCY: Commodity Futures Trading Commission.
ACTION: Notice of 2015 schedule of fees.
-----------------------------------------------------------------------
SUMMARY: The Commodity Futures Trading Commission (``CFTC'' or
``Commission'') charges fees to designated contract markets and
registered futures associations to recover the costs incurred by the
Commission in the operation of its program of oversight of self-
regulatory organization rule enforcement programs, specifically
National Futures Association, a registered futures association, and the
designated contract markets. The calculation of the fee amounts charged
for 2015 by this notice is based upon an average of actual program
costs incurred during fiscal year (``FY'') 2012, FY 2013, and FY 2014.
DATES: Effective date: Each self-regulatory organization is required to
remit electronically the applicable fee on or before December 28, 2015.
FOR FURTHER INFORMATION CONTACT: Mary Jean Buhler, Chief Financial
Officer, Commodity Futures Trading Commission; (202) 418-5089; Three
Lafayette Centre, 1155 21st Street NW., Washington, DC 20581. For
information on electronic payment, contact Jennifer Fleming; (202) 418-
5034; Three Lafayette Centre, 1155 21st Street NW., Washington, DC
20581.
SUPPLEMENTARY INFORMATION:
I. Background Information
A. General
This notice relates to fees for the Commission's review of the rule
enforcement programs at the registered
[[Page 66494]]
futures associations \1\ and designated contract markets (``DCM''),
each of which is a self-regulatory organization (``SRO'') regulated by
the Commission. The Commission recalculates the fees charged each year
to cover the costs of operating this Commission program.\2\ The fees
are set each year based on direct program costs, plus an overhead
factor. The Commission calculates actual costs, then calculates an
alternate fee taking volume into account, and then charges the lower of
the two.\3\
---------------------------------------------------------------------------
\1\ National Futures Association is the only registered futures
association.
\2\ See Section 237 of the Futures Trading Act of 1982, 7 U.S.C.
16a, and 31 U.S.C. 9701. For a broader discussion of the history of
Commission fees, see 52 FR 46070, Dec. 4, 1987.
\3\ 58 FR 42643, Aug. 11, 1993, and 17 CFR part 1, app. B.
---------------------------------------------------------------------------
B. Overhead Rate
The fees charged by the Commission to the SROs are designed to
recover program costs, including direct labor costs and overhead. The
overhead rate is calculated by dividing total Commission-wide overhead
direct program labor costs into the total amount of the Commission-wide
overhead pool. For this purpose, direct program labor costs are the
salary costs of personnel working in all Commission programs. Overhead
costs generally consist of the following Commission-wide costs:
Indirect personnel costs (leave and benefits), rent, communications,
contract services, utilities, equipment, and supplies. This formula has
resulted in the following overhead rates for the most recent three
years (rounded to the nearest whole percent): 161 percent for FY 2012,
181 percent for FY 2013, and 180 percent for FY 2014.
C. Conduct of SRO Rule Enforcement Reviews
Under the formula adopted by the Commission in 1993, the Commission
calculates the fee to recover the costs of its rule enforcement reviews
and examinations, based on the three-year average of the actual cost of
performing such reviews and examinations at each SRO. The cost of
operation of the Commission's SRO oversight program varies from SRO to
SRO, according to the size and complexity of each SRO's program. The
three-year averaging computation method is intended to smooth out year-
to-year variations in cost. Timing of the Commission's reviews and
examinations may affect costs--a review or examination may span two
fiscal years and reviews and examinations are not conducted at each SRO
each year.
As noted above, adjustments to actual costs may be made to relieve
the burden on an SRO with a disproportionately large share of program
costs. The Commission's formula provides for a reduction in the
assessed fee if an SRO has a smaller percentage of United States
industry contract volume than its percentage of overall Commission
oversight program costs. This adjustment reduces the costs so that, as
a percentage of total Commission SRO oversight program costs, they are
in line with the pro rata percentage for that SRO of United States
industry-wide contract volume.
The calculation is made as follows: The fee required to be paid to
the Commission by each DCM is equal to the lesser of actual costs based
on the three-year historical average of costs for that DCM or one-half
of average costs incurred by the Commission for each DCM for the most
recent three years, plus a pro rata share (based on average trading
volume for the most recent three years) of the aggregate of average
annual costs of all DCMs for the most recent three years. The formula
for calculating the second factor is: 0.5a + 0.5 vt = current fee. In
this formula, ``a'' equals the average annual costs, ``v'' equals the
percentage of total volume across DCMs over the last three years, and
``t'' equals the average annual costs for all DCMs. NFA has no
contracts traded; hence, its fee is based simply on costs for the most
recent three fiscal years. This table summarizes the data used in the
calculations of the resulting fee for each entity:
--------------------------------------------------------------------------------------------------------------------------------------------------------
Actual total costs Volume
--------------------------------------- 3-Year average 3-Year percent adjusted 2015 Assessed
FY 2012 FY 2013 FY 2014 actual costs of volume costs fee
--------------------------------------------------------------------------------------------------------------------------------------------------------
CBOE Futures..................................... $29,278 $235,567 $-- $88,282 0.98 $50,853 $50,853
Chicago Board of Trade........................... 238,392 164,974 55,515 152,960 30.02 281,079 152,960
Chicago Mercantile Exchange...................... 757,347 391,917 225,701 458,322 44.93 535,344 458,322
ELX Futures...................................... 34,593 134,267 ........... 56,287 0.026 28,320 28,320
ICE Futures U.S.................................. 221,813 360,223 81,176 221,071 8.56 168,880 168,880
Kansas City Board of Trade....................... 34,335 559 ........... 11,631 0.12 6,615 6,615
Minneapolis Grain Exchange....................... 60,897 220,975 47,648 109,840 0.04 55,225 55,225
NADEX North American............................. 11,293 101,252 980 37,842 0.033 19,147 19,147
New York Mercantile Exchange .................... 7,411 135,316 225,672 122,800 14.69 161,480 122,800
NYSE LIFFE US.................................... 71,317 24,802 ........... 32,039 0.34 18,354 18,354
One Chicago...................................... 55,755 128,599 31,196 71,850 0.241 37,568 37,568
------------------------------------------------------------------------------------------------------
Subtotal..................................... 1,522,431 1,898,451 667,888 1,362,924 100 1,362,865 1,119,044
National Futures Association..................... 487,328 186,499 292,102 321,976 .............. .............. 321,976
------------------------------------------------------------------------------------------------------
Total.................................... 2,009,759 2,084,950 959,990 1,684,900 .............. .............. 1,441,020
--------------------------------------------------------------------------------------------------------------------------------------------------------
An example of how the fee is calculated for one exchange, the
Chicago Board of Trade, is set forth here:
a. Actual three-year average costs equal $152,960.
b. The alternative computation is: (.5) ($152,960) + (.5) (.30)
($1,347,041) = $278,695.
c. The fee is the lesser of a or b; in this case $152,960.
As noted above, the alternative calculation based on contracts
traded is not applicable to NFA because it is not a DCM and has no
contracts traded. The Commission's average annual cost for conducting
oversight review of the NFA rule enforcement program during fiscal
years 2012 through 2014 was $321,976. The fee to be paid by the NFA for
the current fiscal year is $321,976.
[[Page 66495]]
II. Schedule of Fees
Fees for the Commission's review of the rule enforcement programs
at the registered futures associations and DCMs regulated by the
Commission are as follows:
----------------------------------------------------------------------------------------------------------------
2015 Fee lesser
3-Year average 3-Year percent of of actual or
actual cost volume calculated fee
----------------------------------------------------------------------------------------------------------------
CBOE Futures.......................................... $88,282 0.98 $50,853
Chicago Board of Trade................................ 152,960 30.02 152,960
Chicago Mercantile Exchange........................... 458,322 44.93 458,322
ELX Futures........................................... 56,287 0.03 28,320
ICE Futures U.S....................................... 221,071 8.56 168,880
Kansas City Board of Trade............................ 11,631 0.12 6,615
Minneapolis Grain Exchange............................ 109,840 0.04 55,225
NADEX North American.................................. 37,842 0.03 19,147
New York Mercantile Exchange.......................... 122,800 14.69 122,800
NYSE LIFFE US......................................... 32,039 0.34 18,354
One Chicago........................................... 71,850 0.2412 37,568
---------------------------------------------------------
Subtotal.......................................... 1,362,924 100 1,119,044
National Futures Association.......................... 321,976 .................. 321,976
---------------------------------------------------------
Total......................................... 1,684,900 .................. 1,441,020
----------------------------------------------------------------------------------------------------------------
III. Payment Method
The Debt Collection Improvement Act (DCIA) requires deposits of
fees owed to the government by electronic transfer of funds. See 31
U.S.C. 3720. For information about electronic payments, please contact
Jennifer Fleming at (202) 418-5034 or jfleming@cftc.gov, or see the
CFTC Web site at www.cftc.gov, specifically, www.cftc.gov/cftc/cftcelectronicpayments.htm.
(Authority: 7 U.S.C. 16a)
Issued in Washington, DC, on October 23, 2015, by the
Commission.
Christopher J. Kirkpatrick,
Secretary of the Commission.
[FR Doc. 2015-27535 Filed 10-28-15; 8:45 am]
BILLING CODE 6351-01-P