Agency Information Collection Activities Under OMB Review, 5105-5106 [2016-01758]


[Federal Register Volume 81, Number 20 (Monday, February 1, 2016)]
[Pages 5105-5106]
From the Federal Register Online via the Government Publishing Office []
[FR Doc No: 2016-01758]



Agency Information Collection Activities Under OMB Review

AGENCY: Commodity Futures Trading Commission.

ACTION: Notice.


SUMMARY: 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 (``OIRA'') in OMB, within 30 days of the notice's 
publication, by email at 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 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 
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:// All comments must be submitted in English, or if not, 
accompanied by an English translation. Comments will be posted as 
received to

FOR FURTHER INFORMATION CONTACT: Jacob Chachkin, Special Counsel, 
Division of Swap Dealer and Intermediary Oversight, Commodity Futures 
Trading Commission, (202) 418-5496, email:, and 
refer to OMB Control No. 3038-0078.

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

    \1\ 17 CFR 1.71.
    \2\ 7 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.

    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\

    \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).

    Estimated Average Burden Hours per Registrant: 44.5.
    Estimated Aggregate Burden Hours: 60,609.
    Frequency of Recordkeeping/Third-party Disclosure: As applicable.

    Authority:  44 U.S.C. 3501 et seq.

[[Page 5106]]

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