Agency Information Collection Activities Under OMB Review, 5421-5422 [2016-01774]
[Federal Register Volume 81, Number 21 (Tuesday, February 2, 2016)]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-01774]
COMMODITY FUTURES TRADING COMMISSION
Agency Information Collection Activities Under OMB Review
AGENCY: Commodity Futures Trading Commission.
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 3, 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 OIRAsubmissions@omb.eop.gov. Please identify the comments
by OMB Control No. 3038-0061. Please provide the Commission with a copy
of all submitted comments at the address listed below. Please refer to
OMB Reference No. 3038-0061, 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:
firstname.lastname@example.org, and refer to OMB Control No. 3038-0061.
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 December 3, 2015 (80 FR
Title: Daily Trade and Supporting Data Reports (OMB Control No.
3038-0061). This is a request for extension of a currently approved
Abstract: Commission Regulation 16.02 requires Reporting Markets,
including Designated Contract Markets, to provide the Commission with
trade and supporting data reports on a daily basis. The Commission
analyzes the daily trade and supporting data reports to discharge its
regulatory responsibilities, including the responsibilities to prevent
market manipulations and commodity price distortions and ensure the
financial integrity of its jurisdictional markets.
This ICR concerns the collections of information required by 17 CFR
16.02. Commission staff estimates that up to 30 reporting markets could
provide this data to the Commission in the future. 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 15,000 hours. Commission staff estimates
that the total annual cost for this ICR is $1,139,700. The time burden
estimate represents the annual burden that Reporting Markets incur to
operate and maintain automated reporting systems and processes that
facilitate the reporting of trade and supporting data reports to the
Commission on a daily basis. The electronic reporting required by
Commission Rule 16.02 is generally accomplished in an automated manner
by respondents' computer systems. Reporting entities have already
incurred significant one-time costs to establish the capability to
electronically report trade and supporting data to the Commission on a
daily basis. The burden hours currently incurred by respondents to
comply with Commission Rule 16.02 are primarily related to the hours
necessary to oversee, maintain, and utilize respondents' existing
automated reporting functionality.
Commission staff estimates that Reporting Markets expend an average
of two hours per trading day to oversee, maintain, and utilize their
systems and procesess to comply with Commission Rule 16.02. Commission
staff calculated the estimated 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: Reporting Markets.
Estimated Number of Respondents: 30.
Estimated Total Annual Burden on Respondents: 15,000 hours.
Estimated Total Annual Cost: $1,139,700.
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. 2016-01774 Filed 2-1-16; 8:45 am]
BILLING CODE 6351-01-P