Fees for Reviews of the Rule Enforcement Programs of Designated Contract Markets and Registered Futures Associations, 64116-64118 [2018-27042]
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Federal Register / Vol. 83, No. 239 / Thursday, December 13, 2018 / Notices
monitoring needs. The product of the
Review Workshop is an Assessment
Summary documenting panel opinions
regarding the strengths and weaknesses
of the stock assessment and input data.
Participants for SEDAR Workshops are
appointed by the Gulf of Mexico, South
Atlantic, and Caribbean Fishery
Management Councils and NOAA
Fisheries Southeast Regional Office,
HMS Management Division, and
Southeast Fisheries Science Center.
Participants include data collectors and
database managers; stock assessment
scientists, biologists, and researchers;
constituency representatives including
fishermen, environmentalists, and
NGO’s; International experts; and staff
of Councils, Commissions, and state and
federal agencies.
The items of discussion during the
Assessment Webinar are as follows:
1. Using datasets and initial
assessment analysis recommended from
the in-person workshop, panelists will
employ assessment models to evaluate
stock status, estimate population
benchmarks and management criteria,
and project future conditions.
2. Participants will recommend the
most appropriate methods and
configurations for determining stock
status and estimating population
parameters.
Although non-emergency issues not
contained in this agenda may come
before this group for discussion, those
issues may not be the subject of formal
action during this meeting. Action will
be restricted to those issues specifically
identified in this notice and any issues
arising after publication of this notice
that require emergency action under
section 305(c) of the Magnuson-Stevens
Fishery Conservation and Management
Act, provided the public has been
notified of the intent to take final action
to address the emergency.
I. Background Information
Special Accommodations
A. General
The meeting is physically accessible
to people with disabilities. Requests for
sign language interpretation or other
auxiliary aids should be directed to the
Council office (see ADDRESSES) at least 5
business days prior to each workshop.
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
amozie on DSK3GDR082PROD with NOTICES1
Note: The times and sequence specified in
this agenda are subject to change.
Authority: 16 U.S.C. 1801 et seq.
Dated: December 10, 2018.
Tracey L. Thompson,
Acting Deputy Director, Office of Sustainable
Fisheries, National Marine Fisheries Service.
[FR Doc. 2018–26980 Filed 12–12–18; 8:45 am]
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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 2018 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. Fees
collected from each self-regulatory
organization are deposited in the
Treasury of the United States as
miscellaneous receipts. The calculation
of the fee amounts charged for 2018 by
this notice is based upon an average of
actual program costs incurred during
fiscal year (FY) 2015, FY 2016, and FY
2017.
DATES: Each self-regulatory organization
is required to remit electronically the
applicable fee on or before February 11,
2019.
FOR FURTHER INFORMATION CONTACT:
Anthony C. Thompson, Executive
Director, Commodity Futures Trading
Commission; (202) 418–5697; 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:
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.
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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): 211 percent for FY 2015, and
190 percent for FY 2016, and 175
precent for FY 2017.
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
3 58 FR 42643, Aug. 11, 1993, and 17 CFR part
1, appendix B
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Federal Register / Vol. 83, No. 239 / Thursday, December 13, 2018 / Notices
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:
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
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
TABLE 1—SUMMARY OF DATA USED IN FEE CALCULATIONS
Actual total costs
CBOE Futures ...................
Chicago Board of Trade ....
Chicago Mercantile Exchange ...........................
ICE Futures U.S. ...............
Minneapolis Grain Exchange ...........................
NADEX North American ....
New York Mercantile Exchange ...........................
OneChicago, LLC ..............
NASDAQ ...........................
ERIS Exchange .................
CANTOR ...........................
NODAL ..............................
FY 2015
FY 2016
FY 2017
3-Year
average
volume
(%)
3-Year
average
actual costs
Adjusted
volume costs
2017
Actual fee
2018
Assessed fee
$158,209
17,938
$227,059
28,720
$31,765
98,737
$139,011
48,465
1.44
30.14
$79,398
231,283
$71,004
34,058
$79,398
48,465
540,151
105,864
372,278
386,719
483,391
203,826
465,273
232,136
44.34
8.68
537,235
175,696
379,377
143,431
465,273
175,696
147,983
........................
14,314
81,758
43,230
86,680
68,509
56,146
0.06
0.18
34,667
29,309
35,250
14,516
34,667
29,309
118,701
289
........................
........................
........................
........................
242,792
282
........................
........................
........................
........................
217,861
37,311
257,177
54,272
61,474
102,993
193,118
12,627
85,726
18,091
20,491
34,331
14.25
0.31
0.58
0.01
........................
........................
194,451
8,443
46,847
9,136
10,246
17,166
172,990
6,798
........................
........................
........................
........................
193,118
8,443
46,847
9,136
10,246
17,166
Subtotal ......................
National Futures Association .................................
1,089,134
1,353,921
1,678,716
1,373,924
100
1,373,877
857,423
1,117,763
401,337
282,405
676,430
453,390
........................
........................
325,281
453,390
Total ....................
1,490,471
1,636,326
2,355,145
1,827,314
........................
........................
$1,182,704
1,571,154
Note to Table 1: The 2018 Fee is the Lessor of the 3-year Average Actual cost or the Adjusted Volume Cost
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 =
$48,465.
b. The alternative computation is: (.5)
($48,465) + (.5) (.3014) ($1,373,924) =
$231,283.
c. The fee is the lesser of a or b; in
this case $48,465.
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 2015 through 2017 was $453,390.
The fee to be paid by the NFA for the
current fiscal year is $453,390.
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:
TABLE 2—SCHEDULE OF FEES
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3-Year
average
actual costs
3-Year
average
volume
%
Adjusted
volume
costs
2018
Assessed
fee
CBOE Futures .................................................................................................
Chicago Board of Trade ..................................................................................
Chicago Mercantile Exchange .........................................................................
ICE Futures U.S. .............................................................................................
Minneapolis Grain Exchange ...........................................................................
NADEX North American ..................................................................................
New York Mercantile Exchange ......................................................................
OneChicago, LLC ............................................................................................
NASDAQ ..........................................................................................................
ERIS Exchange ...............................................................................................
CANTOR ..........................................................................................................
NODAL .............................................................................................................
$139,011
48,465
465,273
232,136
68,509
56,146
193,118
12,627
85,726
18,091
20,491
34,331
1.44
30.14
44.34
8.68
0.06
0.18
14.25
0.31
0.58
0.01
........................
........................
$79,398
231,283
537,235
175,696
34,667
29,309
194,451
8,443
46,847
9,136
10,246
17,166
$79,398
48,465
465,273
175,696
34,667
29,309
193,118
8,443
46,847
9,136
10,246
17,166
Subtotal .....................................................................................................
National Futures Association ...........................................................................
1,373,924
453,390
100
........................
1,373,877
........................
1,117,763
453,390
Total ...................................................................................................
1,827,314
........................
........................
1,571,154
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64118
Federal Register / Vol. 83, No. 239 / Thursday, December 13, 2018 / Notices
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 website at https://
www.cftc.gov, specifically,
www.cftc.gov/cftc/
cftcelectronicpayments.htm.
Fees collected from each selfregulatory organization shall be
deposited in the Treasury of the United
States as miscellaneous receipts. See 7
U.S.C 16a.
Issued in Washington, DC, on December
10, 2018, by the Commission.
Robert Sidman,
Deputy Secretary of the Commission.
BILLING CODE 6351–01–P
DEPARTMENT OF DEFENSE
Office of the Secretary
[Docket ID DOD–2018–HA–0098]
Proposed Collection; Comment
Request
Office of the Assistant
Secretary of Defense for Health Affairs,
DoD.
ACTION: Information collection notice.
AGENCY:
In compliance with the
Paperwork Reduction Act of 1995, the
Defense Health Agency announces a
proposed public information collection
and seeks public comment on the
provisions thereof. Comments are
invited on: Whether the proposed
collection of information is necessary
for the proper performance of the
functions of the agency, including
whether the information shall have
practical utility; the accuracy of the
agency’s estimate of the burden of the
proposed information collection; ways
to enhance the quality, utility, and
clarity of the information to be
collected; and ways to minimize the
burden of the information collection on
respondents, including through the use
of automated collection techniques or
other forms of information technology.
DATES: Consideration will be given to all
comments received by February 11,
2019.
ADDRESSES: You may submit comments,
identified by docket number and title,
by any of the following methods:
Federal eRulemaking Portal: https://
www.regulations.gov. Follow the
instructions for submitting comments.
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To
request more information on this
proposed information collection or to
obtain a copy of the proposal and
associated collection instruments,
please write to the Consortium for
Health and Military Performance
(CHAMP), Department of Military and
Emergency Medicine (MEM), Uniformed
Services University of the Health
Sciences, ATTN: Mr. Ian Gutierrez,
6720B Rockledge Drive, Suite 605,
Bethesda, MD 20817, at (301) 295–1362.
SUPPLEMENTARY INFORMATION:
Title; Associated Form; and OMB
Number: Preservation of the Force and
Family (POTFF) Spiritual Fitness
Metrics; OMB Control Number 0720–
XXXX.
Needs and Uses: The information
collection requirement is necessary to
develop and validate measures of
Spiritual Fitness and Performance in
line with the Chairman of the Joint
Chiefs of Staff Instruction on Total
Force Fitness. This measure will be
used by US Special Operations
Command’s (USSOCOM) Preservation
of the Force and Family’s (POTFF)
Spiritual Performance Team to evaluate
programs that enhance spiritual
performance.
Affected Public: Individuals and
Households.
Annual Burden Hours: 2,670.67.
Number of Respondents: 8,012.
Responses per Respondent: 1.
Annual Responses: 8,012.
Average Burden per Response: 20
minutes.
Frequency: On occasion.
Respondents will be members of the
general public recruited through
standard internet recruiting techniques.
Respondents will complete the online
survey once. The responses will help in
developing and validating a measure of
spiritual fitness. If the information is not
collected, the measure cannot be
created. This will potential result in
FOR FURTHER INFORMATION CONTACT:
[FR Doc. 2018–27042 Filed 12–12–18; 8:45 am]
SUMMARY:
Mail: Department of Defense, Office of
the Chief Management Officer,
Directorate for Oversight and
Compliance, 4800 Mark Center Drive,
Mailbox #24 Suite 08D09, Alexandria,
VA 22350–1700.
Instructions: All submissions received
must include the agency name, docket
number and title for this Federal
Register document. The general policy
for comments and other submissions
from members of the public is to make
these submissions available for public
viewing on the internet at https://
www.regulations.gov as they are
received without change, including any
personal identifiers or contact
information.
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faulty evaluations of USSOCOM
Chaplaincy services.
Dated: December 10, 2018.
Shelly E. Finke,
Alternate OSD Federal Register, Liaison
Officer, Department of Defense.
[FR Doc. 2018–26986 Filed 12–12–18; 8:45 am]
BILLING CODE 5001–06–P
DEPARTMENT OF ENERGY
Federal Energy Regulatory
Commission
Combined Notice of Filings #1
Take notice that the Commission
received the following electric rate
filings:
Docket Numbers: ER18–1632–003.
Applicants: Southwest Power Pool,
Inc.
Description: Compliance filing:
Compliance Filing—Major Maintenance
Cost Component to Mitigated Offers to
be effective 4/18/2019.
Filed Date: 12/7/18.
Accession Number: 20181207–5108.
Comments Due: 5 p.m. ET 12/28/18.
Docket Numbers: ER18–2398–001.
Applicants: California Independent
System Operator Corporation.
Description: Compliance filing: 2018–
12–07 Response to Deficiency Letter—
Compliance with Order No. 844 to be
effective 1/1/2019.
Filed Date: 12/7/18.
Accession Number: 20181207–5066.
Comments Due: 5 p.m. ET 12/28/18.
Docket Numbers: ER19–256–001.
Applicants: Wisconsin Power and
Light Company.
Description: Tariff Amendment:
Amendment to WPL Wholesale Formula
Rate Changes to be effective 12/31/2018.
Filed Date: 12/7/18.
Accession Number: 20181207–5119.
Comments Due: 5 p.m. ET 12/28/18.
Docket Numbers: ER19–257–001.
Applicants: Interstate Power and
Light Company.
Description: Tariff Amendment:
Amendment to IPL Wholesale Formula
Rate Changes to be effective 12/31/2018.
Filed Date: 12/7/18.
Accession Number: 20181207–5121.
Comments Due: 5 p.m. ET 12/28/18.
Docket Numbers: ER19–459–000.
Applicants: AEP Texas Inc.
Description: AEP Texas Inc. submits
tariff filing per 35.13(a)(2)(iii): AEPTX–
LCRA TSC Chaparrosa Facilities
Development Agreement submitted on
12/3/2018 10:14:08 a.m.
Filed Date: 12/3/18.
Accession Number: 20181207–5145.
Comments Due: 5 p.m. ET 12/24/18.
E:\FR\FM\13DEN1.SGM
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]]>Agencies
[Federal Register Volume 83, Number 239 (Thursday, December 13, 2018)]
[Notices]
[Pages 64116-64118]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-27042]
=======================================================================
-----------------------------------------------------------------------
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 2018 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. Fees collected from
each self-regulatory organization are deposited in the Treasury of the
United States as miscellaneous receipts. The calculation of the fee
amounts charged for 2018 by this notice is based upon an average of
actual program costs incurred during fiscal year (FY) 2015, FY 2016,
and FY 2017.
DATES: Each self-regulatory organization is required to remit
electronically the applicable fee on or before February 11, 2019.
FOR FURTHER INFORMATION CONTACT: Anthony C. Thompson, Executive
Director, Commodity Futures Trading Commission; (202) 418-5697; 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 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, appendix 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): 211 percent for FY 2015,
and 190 percent for FY 2016, and 175 precent for FY 2017.
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
[[Page 64117]]
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:
Table 1--Summary of Data Used in Fee Calculations
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
3-Year average 3-Year average Adjusted 2017 Actual 2018 Assessed
Actual total costs FY 2015 FY 2016 FY 2017 actual costs volume (%) volume costs fee fee
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
CBOE Futures.................................................... $158,209 $227,059 $31,765 $139,011 1.44 $79,398 $71,004 $79,398
Chicago Board of Trade.......................................... 17,938 28,720 98,737 48,465 30.14 231,283 34,058 48,465
Chicago Mercantile Exchange..................................... 540,151 372,278 483,391 465,273 44.34 537,235 379,377 465,273
ICE Futures U.S................................................. 105,864 386,719 203,826 232,136 8.68 175,696 143,431 175,696
Minneapolis Grain Exchange...................................... 147,983 14,314 43,230 68,509 0.06 34,667 35,250 34,667
NADEX North American............................................ .............. 81,758 86,680 56,146 0.18 29,309 14,516 29,309
New York Mercantile Exchange.................................... 118,701 242,792 217,861 193,118 14.25 194,451 172,990 193,118
OneChicago, LLC................................................. 289 282 37,311 12,627 0.31 8,443 6,798 8,443
NASDAQ.......................................................... .............. .............. 257,177 85,726 0.58 46,847 .............. 46,847
ERIS Exchange................................................... .............. .............. 54,272 18,091 0.01 9,136 .............. 9,136
CANTOR.......................................................... .............. .............. 61,474 20,491 .............. 10,246 .............. 10,246
NODAL........................................................... .............. .............. 102,993 34,331 .............. 17,166 .............. 17,166
-------------------------------------------------------------------------------------------------------------------------------
Subtotal.................................................... 1,089,134 1,353,921 1,678,716 1,373,924 100 1,373,877 857,423 1,117,763
National Futures Association.................................... 401,337 282,405 676,430 453,390 .............. .............. 325,281 453,390
-------------------------------------------------------------------------------------------------------------------------------
Total................................................... 1,490,471 1,636,326 2,355,145 1,827,314 .............. .............. $1,182,704 1,571,154
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Note to Table 1: The 2018 Fee is the Lessor of the 3-year Average Actual cost or the Adjusted Volume Cost
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 = $48,465.
b. The alternative computation is: (.5) ($48,465) + (.5) (.3014)
($1,373,924) = $231,283.
c. The fee is the lesser of a or b; in this case $48,465.
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 2015 through 2017 was $453,390. The fee to be paid by the NFA for
the current fiscal year is $453,390.
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:
Table 2--Schedule of Fees
----------------------------------------------------------------------------------------------------------------
3-Year average 3-Year average Adjusted 2018 Assessed
actual costs volume % volume costs fee
----------------------------------------------------------------------------------------------------------------
CBOE Futures.................................... $139,011 1.44 $79,398 $79,398
Chicago Board of Trade.......................... 48,465 30.14 231,283 48,465
Chicago Mercantile Exchange..................... 465,273 44.34 537,235 465,273
ICE Futures U.S................................. 232,136 8.68 175,696 175,696
Minneapolis Grain Exchange...................... 68,509 0.06 34,667 34,667
NADEX North American............................ 56,146 0.18 29,309 29,309
New York Mercantile Exchange.................... 193,118 14.25 194,451 193,118
OneChicago, LLC................................. 12,627 0.31 8,443 8,443
NASDAQ.......................................... 85,726 0.58 46,847 46,847
ERIS Exchange................................... 18,091 0.01 9,136 9,136
CANTOR.......................................... 20,491 .............. 10,246 10,246
NODAL........................................... 34,331 .............. 17,166 17,166
---------------------------------------------------------------
Subtotal.................................... 1,373,924 100 1,373,877 1,117,763
National Futures Association.................... 453,390 .............. .............. 453,390
---------------------------------------------------------------
Total................................... 1,827,314 .............. .............. 1,571,154
----------------------------------------------------------------------------------------------------------------
[[Page 64118]]
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 [email protected], or see the
CFTC website at https://www.cftc.gov, specifically, www.cftc.gov/cftc/cftcelectronicpayments.htm.
Fees collected from each self-regulatory organization shall be
deposited in the Treasury of the United States as miscellaneous
receipts. See 7 U.S.C 16a.
Issued in Washington, DC, on December 10, 2018, by the
Commission.
Robert Sidman,
Deputy Secretary of the Commission.
[FR Doc. 2018-27042 Filed 12-12-18; 8:45 am]
BILLING CODE 6351-01-P
