Agency Information Collection Activities Under OMB Review, 15190-15191 [2019-07380]

Download as PDF 15190 Federal Register / Vol. 84, No. 72 / Monday, April 15, 2019 / Notices Magnuson-Stevens Fishery Conservation and Management Act (Magnuson-Stevens Act, 16 U.S.C. 1801 et seq.). Recreational anglers and commercial hand-gear fishermen are required to report specific information regarding their catch of BFT. Atlantic billfish and swordfish are managed internationally by ICCAT and nationally under ATCA and the Magnuson-Stevens Act. This collection provides information needed to monitor the recreational catch of Atlantic blue marlin, white marlin, and roundscale spearfish, which is applied to the recreational limit established by ICCAT, and the recreational catch of North Atlantic swordfish, which is applied to the U.S. quota established by ICCAT. This collection also provides information on recreational landings of West Atlantic sailfish, which is unavailable from other established monitoring programs. amozie on DSK9F9SC42PROD with NOTICES II. Method of Collection Respondents reporting BFT catch in states (and the United States Virgin Islands and Puerto Rico) other than Maryland and North Carolina may use either an internet website, smartphone app, or a toll-free telephone number. Respondents reporting Atlantic marlin, West Atlantic sailfish, or North Atlantic swordfish in states (and the United States Virgin Islands and Puerto Rico) other than Maryland or North Carolina may use either an internet website, smartphone app, or a toll-free telephone number to report landings information. In Maryland and North Carolina, a paper reporting system is used for all of the aforementioned species. Under state law, respondents in Maryland and North Carolina must submit a landing card at a state-operated reporting station. States that participate in an approved landing card program must submit weekly reports and one annual report to NOAA to summarize landings and results to date. III. Data OMB Control Number: 0648–0328. Form Number(s): None. Type of Review: Regular submission. Affected Public: Businesses or other for-profit organizations; individuals or households; and State, Local, or Tribal government. Estimated Number of Respondents: 16,185. Estimated Time per Response: 5 minutes for an initial call-in, internet, or smartphone app report; 5 minutes for a confirmation call; 10 minutes for a landing card; 1 hour for a weekly state report; and 4 hours for an annual state report. VerDate Sep<11>2014 17:16 Apr 12, 2019 Jkt 247001 Estimated Total Annual Burden Hours: 1,819. Estimated Total Annual Cost to Public: $0. Comments are invited on: (a) 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; (b) the accuracy of the agency’s estimate of the burden (including hours and cost) of the proposed collection of information; (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 OMB approval of this information collection; they also will become a matter of public record. Sheleen Dumas, Departmental Lead PRA Officer, Office of the Chief Information Officer, Commerce Department. [FR Doc. 2019–07410 Filed 4–12–19; 8:45 am] BILLING CODE 3510–22–P COMMISSION OF FINE ARTS Notice of Meeting The next meeting of the U.S. Commission of Fine Arts is scheduled for 18 April 2019, at 9:00 a.m. in the Commission offices at the National Building Museum, Suite 312, Judiciary Square, 401 F Street NW, Washington DC, 20001–2728. Items of discussion may include buildings, parks and memorials. Draft agendas and additional information regarding the Commission are available on our website: www.cfa.gov. Inquiries regarding the agenda and requests to submit written or oral statements should be addressed to Thomas Luebke, Secretary, U.S. Commission of Fine Arts, at the above address; by emailing cfastaff@cfa.gov; or by calling 202–504–2200. Individuals requiring sign language interpretation for the hearing impaired should contact the Secretary at least 10 days before the meeting date. Frm 00017 Fmt 4703 Sfmt 4703 [FR Doc. 2019–06673 Filed 4–12–19; 8:45 am] BILLING CODE 6330–01–P IV. Request for Comments PO 00000 Dated 1 April 2019 in Washington DC. Thomas Luebke, Secretary. COMMODITY FUTURES TRADING COMMISSION Agency Information Collection Activities Under OMB Review Commodity Futures Trading Commission. ACTION: Notice. AGENCY: 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 burdens. DATES: Comments must be submitted on or before May 15, 2019. ADDRESSES: Comments regarding the burden estimate 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 publication of this notice, by either of the following methods. Please identify the comments by ‘‘OMB Control No. 3038–0094.’’ • By email addressed to: OIRA submissions@omb.eop.gov or • By mail addressed 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. A copy of all comments submitted to OIRA should be sent to the Commodity Futures Trading Commission (‘‘CFTC’’ or ‘‘Commission’’) by any of the following methods. The copies sent to the Commission also should refer to ‘‘OMB Control No. 3038–0094.’’ • By mail addressed to: Christopher Kirkpatrick, Secretary of the Commission, Commodity Futures Trading Commission, Three Lafayette Centre, 1155 21st Street NW, Washington, DC 20581; • By Hand Delivery/Courier to the same address; or • Through the Commission’s website at https://comments.cftc.gov. Please follow the instructions for submitting comments through the website. SUMMARY: E:\FR\FM\15APN1.SGM 15APN1 amozie on DSK9F9SC42PROD with NOTICES Federal Register / Vol. 84, No. 72 / Monday, April 15, 2019 / Notices A copy of the supporting statement for the collection of information discussed herein may be obtained by visiting https://RegInfo.gov. All comments must be submitted in English, or if not, accompanied by an English translation. Comments will be posted as received to https:// www.cftc.gov. You should submit only information that you wish to make available publicly. If you wish the Commission to consider information that you believe is exempt from disclosure under the Freedom of Information Act, a petition for confidential information of the exempt information may be submitted according to the procedures established in § 145.9 of the Commission’s regulations.1 The Commission reserves the right, but shall have no obligation to review, pre-screen, filter, redact, refuse or remove any or all of your submission from https:// www.cftc.gov that it may deem to be inappropriate for publication, such as obscene language. All submissions that have been redacted or removed that contain comments on the merits of the ICR will be retained in the public comment file and will be considered as required under the Administrative Procedure Act and other applicable laws, and may be accessible under the Freedom of Information Act. FOR FURTHER INFORMATION CONTACT: Jocelyn Partridge, Special Counsel, Division of Clearing and Risk, Commodity Futures Trading Commission, (202) 418–5926; email: jpartridge@cftc.gov. SUPPLEMENTARY INFORMATION: Title: Clearing Member Risk Management (OMB Control No. 3038– 0094). This is a request for extension of a currently approved information collection. Abstract: Section 3(b) of the Commodity Exchange Act (‘‘Act’’ or ‘‘CEA’’) provides that one of the purposes of the Act is to ensure the financial integrity of all transactions subject to the Act and to avoid systemic risk. Section 8a(5) authorizes the Commission to promulgate such regulations that it believes are reasonably necessary to effectuate any of the provisions or to accomplish any of the purposes of the Act. Risk management systems are critical to the avoidance of systemic risks. Section 4s(j)(2) requires each Swap Dealer (‘‘SD’’) and Major Swap Participant (‘‘MSP’’) to have risk management systems adequate for managing its business. Section 4s(j)(4) requires each SD and MSP to have 1 17 CFR 145.9. VerDate Sep<11>2014 17:16 Apr 12, 2019 Jkt 247001 internal systems and procedures to perform any of the functions set forth in Section 4s. Section 4d requires FCMs to register with the Commodity Futures Trading Commission (‘‘Commission’’). It further requires Futures Commission Merchants (‘‘FCMs’’) to segregate customer funds. Section 4f requires FCMs to maintain certain levels of capital. Section 4g establishes reporting and recordkeeping requirements for FCMs. Pursuant to these provisions, the Commission adopted § 1.73 which applies to clearing members that are FCMs and § 23.609 which applies to clearing members that are SDs or MSPs. These provisions require these clearing members to have procedures to limit the financial risks they incur as a result of clearing trades and liquid resources to meet the obligations that arise. The regulations require clearing members to: (1) Establish credit and market riskbased limits based on position size, order size, margin requirements, or similar factors; (2) use automated means to screen orders for compliance with the risk-based limits; (3) monitor for adherence to the risk-based limits intraday and overnight; (4) conduct stress tests of all positions in the proprietary account and all positions in any customer account that could pose material risk to the futures commission merchant at least once per week; (5) evaluate its ability to meet initial margin requirements at least once per week; (6) evaluate its ability to meet variation margin requirements in cash at least once per week; (7) evaluate its ability to liquidate the positions it clears in an orderly manner, and estimate the cost of the liquidation at least once per month; and (8) test all lines of credit at least once per quarter. Each of these items has been observed by Commission staff as an element of an existing sound risk management program at an SD, MSP, or FCM. The Commission regulations require each clearing member to establish written procedures to comply with this regulation and to keep records documenting its compliance. The information collection obligations imposed by the regulations are necessary to implement certain provisions of the CEA, including ensuring that registrants exercise effective risk management and for the efficient operation of trading venues among SDs, MSPs, and FCMs. 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 PO 00000 Frm 00018 Fmt 4703 Sfmt 4703 15191 control number.2 On November 14, 2018, the Commission published in the Federal Register notice of the proposed extension of this information collection and provided 60 days for public comment on the proposed extension, 83 FR 56828 (‘‘60-Day Notice’’). The Commission did not receive any relevant comments. Accordingly, it did not alter the burden estimates set forth in the 60-Day Notice. Burden Statement: The respondent burden for this collection is estimated to average 2 hours per response for an estimated annual burden of 504 hours per respondent. This estimate includes the total time, effort, or financial resources expended by persons to generate, maintain, retain, disclose, or provide information to or for a federal agency. Respondents/Affected Entities: Clearing member Swap Dealers, Major Swap Participants, and Futures Commission Merchants. Estimated Number of Respondents: 166 (101 Clearing Member Swap Dealers and 65 Clearing Member Futures Commission Merchants). Estimated Average Burden Hours per Respondent: 504. Estimated Total Annual Burden Hours: 83,664 hours. Frequency of Collection: As needed. There are no capital costs or operating and maintenance costs associated with this collection. (Authority: 44 U.S.C. 3501 et seq.) Dated: April 9, 2019. Robert Sidman, Deputy Secretary of the Commission. [FR Doc. 2019–07380 Filed 4–12–19; 8:45 am] BILLING CODE 6351–01–P COMMODITY FUTURES TRADING COMMISSION Agency Information Collection Activities: Notice of Intent To Extend Collection Number 3038–0080, Annual Report for Chief Compliance Officer of Registrants Commodity Futures Trading Commission. ACTION: Notice. AGENCY: The Commodity Futures Trading Commission (‘‘CFTC’’ or ‘‘Commission’’) is announcing an opportunity for public comment on the proposed extension of a collection of certain information by the agency. Under the Paperwork Reduction Act SUMMARY: 2 The OMB control numbers for the CFTC’s regulations were published on December 30, 1981. See 46 FR 63035 (Dec. 30, 1981). E:\FR\FM\15APN1.SGM 15APN1

Agencies

[Federal Register Volume 84, Number 72 (Monday, April 15, 2019)]
[Notices]
[Pages 15190-15191]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-07380]


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COMMODITY FUTURES TRADING COMMISSION


Agency Information Collection Activities Under OMB Review

AGENCY: Commodity Futures Trading Commission.

ACTION: Notice.

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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 burdens.

DATES: Comments must be submitted on or before May 15, 2019.

ADDRESSES: Comments regarding the burden estimate 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 publication 
of this notice, by either of the following methods. Please identify the 
comments by ``OMB Control No. 3038-0094.''
     By email addressed to: OIRA [email protected] or
     By mail addressed 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.
    A copy of all comments submitted to OIRA should be sent to the 
Commodity Futures Trading Commission (``CFTC'' or ``Commission'') by 
any of the following methods. The copies sent to the Commission also 
should refer to ``OMB Control No. 3038-0094.''
     By mail addressed to: Christopher Kirkpatrick, Secretary 
of the Commission, Commodity Futures Trading Commission, Three 
Lafayette Centre, 1155 21st Street NW, Washington, DC 20581;
     By Hand Delivery/Courier to the same address; or
     Through the Commission's website at https://comments.cftc.gov. Please follow the instructions for submitting 
comments through the website.

[[Page 15191]]

    A copy of the supporting statement for the collection of 
information discussed herein may be obtained by visiting https://RegInfo.gov.
    All comments must be submitted in English, or if not, accompanied 
by an English translation. Comments will be posted as received to 
https://www.cftc.gov. You should submit only information that you wish 
to make available publicly. If you wish the Commission to consider 
information that you believe is exempt from disclosure under the 
Freedom of Information Act, a petition for confidential information of 
the exempt information may be submitted according to the procedures 
established in Sec.  145.9 of the Commission's regulations.\1\ The 
Commission reserves the right, but shall have no obligation to review, 
pre-screen, filter, redact, refuse or remove any or all of your 
submission from https://www.cftc.gov that it may deem to be 
inappropriate for publication, such as obscene language. All 
submissions that have been redacted or removed that contain comments on 
the merits of the ICR will be retained in the public comment file and 
will be considered as required under the Administrative Procedure Act 
and other applicable laws, and may be accessible under the Freedom of 
Information Act.
---------------------------------------------------------------------------

    \1\ 17 CFR 145.9.

FOR FURTHER INFORMATION CONTACT: Jocelyn Partridge, Special Counsel, 
Division of Clearing and Risk, Commodity Futures Trading Commission, 
---------------------------------------------------------------------------
(202) 418-5926; email: [email protected].

SUPPLEMENTARY INFORMATION: 
    Title: Clearing Member Risk Management (OMB Control No. 3038-0094). 
This is a request for extension of a currently approved information 
collection.
    Abstract: Section 3(b) of the Commodity Exchange Act (``Act'' or 
``CEA'') provides that one of the purposes of the Act is to ensure the 
financial integrity of all transactions subject to the Act and to avoid 
systemic risk. Section 8a(5) authorizes the Commission to promulgate 
such regulations that it believes are reasonably necessary to 
effectuate any of the provisions or to accomplish any of the purposes 
of the Act. Risk management systems are critical to the avoidance of 
systemic risks.
    Section 4s(j)(2) requires each Swap Dealer (``SD'') and Major Swap 
Participant (``MSP'') to have risk management systems adequate for 
managing its business. Section 4s(j)(4) requires each SD and MSP to 
have internal systems and procedures to perform any of the functions 
set forth in Section 4s.
    Section 4d requires FCMs to register with the Commodity Futures 
Trading Commission (``Commission''). It further requires Futures 
Commission Merchants (``FCMs'') to segregate customer funds. Section 4f 
requires FCMs to maintain certain levels of capital. Section 4g 
establishes reporting and recordkeeping requirements for FCMs.
    Pursuant to these provisions, the Commission adopted Sec.  1.73 
which applies to clearing members that are FCMs and Sec.  23.609 which 
applies to clearing members that are SDs or MSPs. These provisions 
require these clearing members to have procedures to limit the 
financial risks they incur as a result of clearing trades and liquid 
resources to meet the obligations that arise. The regulations require 
clearing members to: (1) Establish credit and market risk-based limits 
based on position size, order size, margin requirements, or similar 
factors; (2) use automated means to screen orders for compliance with 
the risk-based limits; (3) monitor for adherence to the risk-based 
limits intra-day and overnight; (4) conduct stress tests of all 
positions in the proprietary account and all positions in any customer 
account that could pose material risk to the futures commission 
merchant at least once per week; (5) evaluate its ability to meet 
initial margin requirements at least once per week; (6) evaluate its 
ability to meet variation margin requirements in cash at least once per 
week; (7) evaluate its ability to liquidate the positions it clears in 
an orderly manner, and estimate the cost of the liquidation at least 
once per month; and (8) test all lines of credit at least once per 
quarter.
    Each of these items has been observed by Commission staff as an 
element of an existing sound risk management program at an SD, MSP, or 
FCM. The Commission regulations require each clearing member to 
establish written procedures to comply with this regulation and to keep 
records documenting its compliance. The information collection 
obligations imposed by the regulations are necessary to implement 
certain provisions of the CEA, including ensuring that registrants 
exercise effective risk management and for the efficient operation of 
trading venues among SDs, MSPs, and FCMs.
    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.\2\ On November 14, 2018, the 
Commission published in the Federal Register notice of the proposed 
extension of this information collection and provided 60 days for 
public comment on the proposed extension, 83 FR 56828 (``60-Day 
Notice''). The Commission did not receive any relevant comments. 
Accordingly, it did not alter the burden estimates set forth in the 60-
Day Notice.
---------------------------------------------------------------------------

    \2\ The OMB control numbers for the CFTC's regulations were 
published on December 30, 1981. See 46 FR 63035 (Dec. 30, 1981).
---------------------------------------------------------------------------

    Burden Statement: The respondent burden for this collection is 
estimated to average 2 hours per response for an estimated annual 
burden of 504 hours per respondent. This estimate includes the total 
time, effort, or financial resources expended by persons to generate, 
maintain, retain, disclose, or provide information to or for a federal 
agency.
    Respondents/Affected Entities: Clearing member Swap Dealers, Major 
Swap Participants, and Futures Commission Merchants.
    Estimated Number of Respondents: 166 (101 Clearing Member Swap 
Dealers and 65 Clearing Member Futures Commission Merchants).
    Estimated Average Burden Hours per Respondent: 504.
    Estimated Total Annual Burden Hours: 83,664 hours.
    Frequency of Collection: As needed.
    There are no capital costs or operating and maintenance costs 
associated with this collection.

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

    Dated: April 9, 2019.
Robert Sidman,
Deputy Secretary of the Commission.
[FR Doc. 2019-07380 Filed 4-12-19; 8:45 am]
 BILLING CODE 6351-01-P
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