Fees for Reviews of the Rule Enforcement Programs of Designated Contract Markets and Registered Futures Associations, 18898-18900 [2017-08222]

Download as PDF jstallworth on DSK7TPTVN1PROD with NOTICES 18898 Federal Register / Vol. 82, No. 77 / Monday, April 24, 2017 / Notices Comment 11: Whether the British Columbia (BC) Ban on Exports of Logs and Wood Residue Is a Countervailable Subsidy Comment 12: Whether the BC Ban on Exports of Logs and Wood Residue Provides a Financial Contribution Comment 13: Whether the Department Should Use Tier 1 Benchmarks in BC Comment 14: Whether the Department Failed To Apply Its Own Evidentiary Standards on the BC Ban on Exports of Logs and Wood Residue Comment 15: Whether the Department Needs To Conduct a Feedback Effect Analysis Comment 16: Whether the Department Should Use a Transaction-ByTransaction Calculation Methodology for the BC Ban on Exports of Logs and Wood Residue Comment 17: Whether the Department Should Revise the Transportation Cost for Logs Purchased in BC by Catalyst Comment 18: Whether the Department Selected the Appropriate Log Benchmarks Comment 19: Whether the Wood Chip Benchmark Dataset Is Distortive Comment 20: Whether the Department Should Revise the Wood Chip Benchmark Transportation Cost Comment 21: Whether the Department Should Revise the Transportation Cost Applied to Catalyst’s Purchases of Wood Chips in BC Comment 22: Whether the Department Should Adjust the Sawdust and Hog Fuel Calculations Based Upon Changes to the Wood Chip Benchmark Comment 23: Whether the Government of New Brunswick Provided Stumpage to Irving for LTAR Comment 24: Whether the Department Should Grant an Adjustment to New Brunswick (NB) Stumpage Rates Comment 25: Whether the Department Should Use a Transaction-ByTransaction Calculation Methodology for NB Stumpage Comment 26: Whether the Department Should Zero Comparisons That Generate Negative Benefits Comment 27: Whether the Large Industrial Renewable Energy Purchase Program (LIREPP) Confers a Benefit on the Irving Companies Comment 28: The Workforce Expansion Program Is Not Specific Comment 29: The New Brunswick R&D Tax Credit Is Not Specific Comment 30: Whether the Benefit to JDIL From the Federal Pulp and Paper Green Transformation Program (FPPGTP) Is Countervailable Comment 31: Whether the GNB’s Reimbursement of Silviculture and License Management Expenses Is Countervailable Comment 32: Whether the Accelerated Capital Cost Allowance (ACCA) for Class 29 Assets Is Specific and Whether It Is a Tax Credit Comment 33: Whether the Benefit Calculation for the Atlantic Investment Tax Credit (AITC) Must Be Adjusted for VerDate Sep<11>2014 13:48 Apr 21, 2017 Jkt 241001 the Additional Taxes That Were Paid as a Result of the Program Comment 34: Sales Denominators for Benfefits Received by Cross-Owned Input Suppliers Must Include All Sales of the Downstream Product VII. Recommendation [FR Doc. 2017–08211 Filed 4–21–17; 8:45 am] BILLING CODE 3510–DS–P DEPARTMENT OF COMMERCE National Oceanic and Atmospheric Administration Submission for OMB Review; Comment Request The Department of Commerce will submit to the Office of Management and Budget (OMB) for clearance the following proposal for collection of information under the provisions of the Paperwork Reduction Act (44 U.S.C. chapter 35). Agency: National Oceanic and Atmospheric Administration (NOAA). Title: Atlantic Highly Migratory Species Voluntary Release Reports. OMB Control Number: 0648–0628. Form Number(s): None. Type of Request: Regular (extension of a currently approved information collection). Number of Respondents: 7. Average Hours per Response: 5 minutes. Burden Hours: 1 hour (rounded up). Needs and Uses: This request is for an extension of a currently approved information collection. Under the Magnuson-Stevens Fishery Conservation and Management Act (MSFMCA, 16 U.S.C. 1801 et seq.) the National Marine Fisheries Service (NMFS) is to ensure that conservation and management measures promote, to the extent practicable, implementation of scientific research programs that include the tagging and releasing of Atlantic highly migratory species (HMS). The currently approved information collection allows the public to submit volunteered geographic and biological information relating to HMS releases in order to populate an interactive Web site mapping tool. This Web page attracts visitors who are interested in Atlantic HMS and contains information and links to promote HMS tagging programs that the general public can support or become involved with. All submissions are voluntary. Information is used to raise awareness for releasing Atlantic HMS and HMS tagging programs, and is not used as representative results. Affected Public: Individuals or households; businesses or other for- PO 00000 Frm 00010 Fmt 4703 Sfmt 4703 profit organizations; not-for-profit institutions; Federal government; and State, Local, or Tribal government. Frequency: On occasion. Respondent’s Obligation: Voluntary. 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: April 18, 2017. Sarah Brabson, NOAA PRA Clearance Officer. [FR Doc. 2017–08158 Filed 4–21–17; 8:45 am] BILLING CODE 3510–22–P COMMODITY FUTURES TRADING COMMISSION Fees for Reviews of the Rule Enforcement Programs of Designated Contract Markets and Registered Futures Associations Commodity Futures Trading Commission. ACTION: Notice of 2016 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 (‘‘NFA’’), a registered futures association, and the designated contract markets. The calculation of the fee amounts charged for 2016 by this notice is based upon an average of actual program costs incurred during fiscal year (‘‘FY’’) 2013, FY 2014, and FY 2015. DATES: Effective: Each self-regulatory organization is required to remit electronically the applicable fee on or before June 23, 2017. 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: E:\FR\FM\24APN1.SGM 24APN1 18899 Federal Register / Vol. 82, No. 77 / Monday, April 24, 2017 / Notices 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): 181 percent for FY 2013, and 180 percent for FY 2014, and 211 percent for FY 2015. I. Background Information A. General This notice relates to fees for the Commission’s review of the rule enforcement programs at the registered 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 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 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, Actual total costs FY 2013 FY 2014 FY 2015 3-year average actual costs 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: 3-year percent of volume Volume adjusted costs 2016 Assessed fee $235,567 164,974 391,917 134,267 360,223 559 220,975 101,252 135,316 24,802 128,599 .................. $55,515 225,701 .................. 81,176 .................. 47,648 980 225,672 .................. 31,196 $158,209 17,938 540,151 .................. 105,864 .................. 147,983 .................. 118,701 .................. 289 $131,259 79,476 385,923 44,756 182,421 186 138,868 34,077 159,897 8,267 53,362 1.22 30.08 44.03 0.00 10.21 0.06 0.05 0.08 13.84 0.13 0.28 $73,074 223,017 461,189 22,378 153,429 467 69,741 17,505 164,294 4,909 28,384 $73,074 79,476 385,923 22,378 153,429 186 69,741 17,505 159,897 4,909 28,384 Subtotal ................................... National Futures Association ......... 1,898,452 186,499 667,888 292,102 1,089,134 401,337 1,218,491 293,312 100 ........................ 1,218,387 ........................ 994,902 293,312 Total ........................................ jstallworth on DSK7TPTVN1PROD 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 .................................. 2,084,950 959,990 1,490,471 1,511,804 ........................ ........................ 1,288,214 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 $79,476. b. The alternative computation is: (.5) ($79,476) + (.5) (.30) ($1,218,491) = $223,017. c. The fee is the lesser of a or b; in this case $79,476. 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 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 13:48 Apr 21, 2017 Jkt 241001 PO 00000 Frm 00011 Fmt 4703 Sfmt 4703 E:\FR\FM\24APN1.SGM 24APN1 18900 Federal Register / Vol. 82, No. 77 / Monday, April 24, 2017 / Notices rule enforcement program during fiscal years 2013 through 2015 was $293,312. The fee to be paid by the NFA for the current fiscal year is $293,312. 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: 3-Year average actual cost 3-Year percent of volume 2016 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 ........................................................................................................................ $131,259 79,476 385,923 44,756 182,421 186 138,868 34,077 159,897 8,267 53,362 1.22 30.08 44.03 0.00 10.21 0.06 0.05 0.08 13.84 0.13 0.2795 $73,074 79,476 385,923 22,378 153,429 186 69,741 17,505 159,897 4,909 28,384 Subtotal ......................................................................................................................... National Futures Association ............................................................................................... 1,218,491 293,312 100 ........................ 994,902 293,312 Total .............................................................................................................................. 1,511,804 ........................ 1,288,214 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 http:// www.cftc.gov, specifically, http:// www.cftc.gov/cftc/ cftcelectronicpayments.htm. (Authority: 7 U.S.C. 16a) Issued in Washington, DC, on April 19, 2017, by the Commission. Robert N. Sidman, Deputy Secretary of the Commission. [FR Doc. 2017–08222 Filed 4–21–17; 8:45 am] BILLING CODE 6351–01–P COMMODITY FUTURES TRADING COMMISSION Agency Information Collection Activities: Notice of Intent To Renew Collection Number 3038–0091, Disclosure and Retention of Certain Information Relating to Cleared Swaps Customer Collateral Commodity Futures Trading Commission. ACTION: Notice. jstallworth on DSK7TPTVN1PROD with NOTICES AGENCY: The Commodity Futures Trading Commission (‘‘CFTC’’ or ‘‘Commission’’) is announcing an opportunity for public comment on the proposed renewal of a collection of certain information by the agency. Under the Paperwork Reduction Act (‘‘PRA’’), Federal agencies are required SUMMARY: VerDate Sep<11>2014 13:48 Apr 21, 2017 Jkt 241001 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. This notice solicits comments on the collections of information provided for by the Commission’s regulations under the Commodity Exchange Act (‘‘CEA’’) relating to the protection of customer collateral held by futures commission merchants (‘‘FCM’’) and derivatives clearing organizations (‘‘DCO’’) to serve as margin in cleared swaps transactions. DATES: Comments must be submitted on or before June 23, 2017. ADDRESSES: You may submit comments, identified by ‘‘Disclosure and Retention of Certain Information Relating to Cleared Swaps Customer Collateral,’’ and Collection Number 3038–0091 by any of the following methods: • The Agency’s Web site, at http:// comments.cftc.gov/. Follow the instructions for submitting comments through the Web site. • Mail: Christopher Kirkpatrick, Secretary of the Commission, Commodity Futures Trading Commission, Three Lafayette Centre, 1155 21st Street NW., Washington, DC 20581. • Hand Delivery/Courier: Same as Mail above. • Federal eRulemaking Portal: http:// www.regulations.gov/. Follow the instructions for submitting comments through the Portal. Please submit your comments using only one method. All comments must be submitted in English, or if not, accompanied by an PO 00000 Frm 00012 Fmt 4703 Sfmt 4703 English translation. Comments will be posted as received to http:// www.cftc.gov. FOR FURTHER INFORMATION CONTACT: Jacob Chachkin, Special Counsel, 202– 418–5496, email: jchachkin@cftc.gov; or Joshua Beale, Special Counsel, 202– 418–5446, email: jbeale@cftc.gov, Division of Swap Dealer and Intermediary Oversight, Commodity Futures Trading Commission. Under the PRA,1 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 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. Title: Disclosure and Retention of Certain Information Relating to Cleared Swaps Customer Collateral (OMB Control No. 3038–0091). This is a request for an extension of a currently approved information collection. SUPPLEMENTARY INFORMATION: 1 44 E:\FR\FM\24APN1.SGM U.S.C. 3501 et seq. 24APN1

Agencies

[Federal Register Volume 82, Number 77 (Monday, April 24, 2017)]
[Notices]
[Pages 18898-18900]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-08222]


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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 2016 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 (``NFA''), a registered futures 
association, and the designated contract markets. The calculation of 
the fee amounts charged for 2016 by this notice is based upon an 
average of actual program costs incurred during fiscal year (``FY'') 
2013, FY 2014, and FY 2015.

DATES: Effective: Each self-regulatory organization is required to 
remit electronically the applicable fee on or before June 23, 2017.

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:

[[Page 18899]]

I. Background Information

A. General

    This notice relates to fees for the Commission's review of the rule 
enforcement programs at the registered 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): 181 percent for FY 2013, 
and 180 percent for FY 2014, and 211 percent for FY 2015.

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
                                                     ------------------------------------ 3-year average  3-year percent      Volume       2016 Assessed
                                                        FY 2013     FY 2014     FY 2015    actual costs      of volume    adjusted costs        fee
--------------------------------------------------------------------------------------------------------------------------------------------------------
CBOE Futures........................................    $235,567  ..........    $158,209        $131,259            1.22         $73,074         $73,074
Chicago Board of Trade..............................     164,974     $55,515      17,938          79,476           30.08         223,017          79,476
Chicago Mercantile Exchange.........................     391,917     225,701     540,151         385,923           44.03         461,189         385,923
ELX Futures.........................................     134,267  ..........  ..........          44,756            0.00          22,378          22,378
ICE Futures U.S.....................................     360,223      81,176     105,864         182,421           10.21         153,429         153,429
Kansas City Board of Trade..........................         559  ..........  ..........             186            0.06             467             186
Minneapolis Grain Exchange..........................     220,975      47,648     147,983         138,868            0.05          69,741          69,741
NADEX North American................................     101,252         980  ..........          34,077            0.08          17,505          17,505
New York Mercantile Exchange........................     135,316     225,672     118,701         159,897           13.84         164,294         159,897
NYSE LIFFE US.......................................      24,802  ..........  ..........           8,267            0.13           4,909           4,909
One Chicago.........................................     128,599      31,196         289          53,362            0.28          28,384          28,384
                                                     ---------------------------------------------------------------------------------------------------
    Subtotal........................................   1,898,452     667,888   1,089,134       1,218,491             100       1,218,387         994,902
National Futures Association........................     186,499     292,102     401,337         293,312  ..............  ..............         293,312
                                                     ---------------------------------------------------------------------------------------------------
    Total...........................................   2,084,950     959,990   1,490,471       1,511,804  ..............  ..............       1,288,214
--------------------------------------------------------------------------------------------------------------------------------------------------------

    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 $79,476.
    b. The alternative computation is: (.5) ($79,476) + (.5) (.30) 
($1,218,491) = $223,017.
    c. The fee is the lesser of a or b; in this case $79,476.
    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

[[Page 18900]]

rule enforcement program during fiscal years 2013 through 2015 was 
$293,312. The fee to be paid by the NFA for the current fiscal year is 
$293,312.

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:

----------------------------------------------------------------------------------------------------------------
                                                                                                 2016 Fee lesser
                                                               3-Year average   3-Year percent    of actual or
                                                                 actual cost       of volume     calculated fee
----------------------------------------------------------------------------------------------------------------
CBOE Futures................................................          $131,259            1.22           $73,074
Chicago Board of Trade......................................            79,476           30.08            79,476
Chicago Mercantile Exchange.................................           385,923           44.03           385,923
ELX Futures.................................................            44,756            0.00            22,378
ICE Futures U.S.............................................           182,421           10.21           153,429
Kansas City Board of Trade..................................               186            0.06               186
Minneapolis Grain Exchange..................................           138,868            0.05            69,741
NADEX North American........................................            34,077            0.08            17,505
New York Mercantile Exchange................................           159,897           13.84           159,897
NYSE LIFFE US...............................................             8,267            0.13             4,909
One Chicago.................................................            53,362          0.2795            28,384
                                                             ---------------------------------------------------
    Subtotal................................................         1,218,491             100           994,902
National Futures Association................................           293,312  ..............           293,312
                                                             ---------------------------------------------------
    Total...................................................         1,511,804  ..............         1,288,214
----------------------------------------------------------------------------------------------------------------

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 http://www.cftc.gov, specifically, http://www.cftc.gov/cftc/cftcelectronicpayments.htm.

(Authority: 7 U.S.C. 16a)

    Issued in Washington, DC, on April 19, 2017, by the Commission.
Robert N. Sidman,
Deputy Secretary of the Commission.
[FR Doc. 2017-08222 Filed 4-21-17; 8:45 am]
 BILLING CODE 6351-01-P