Notice2025-13654
Agency Information Collection Activities Under OMB Review
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
July 21, 2025
Issuing agencies
Commodity Futures Trading Commission
Abstract
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 Information and Regulatory Affairs ("OIRA"), of 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.
Full Text
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<title>Federal Register, Volume 90 Issue 137 (Monday, July 21, 2025)</title>
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[Federal Register Volume 90, Number 137 (Monday, July 21, 2025)]
[Notices]
[Pages 34245-34246]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2025-13654]
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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
Information and Regulatory Affairs (``OIRA''), of 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 August 20, 2025.
ADDRESSES: Written comments and recommendations for the proposed
information collection should be submitted within 30 days of this
notice's publication to OIRA, at <a href="https://www.reginfo.gov/public/do/PRAMain">https://www.reginfo.gov/public/do/PRAMain</a>. Please find this particular information
[[Page 34246]]
collection by selecting ``Currently under 30-day Review--Open for
Public Comments'' or by using the website's search function. Comments
can be entered electronically by clicking on the ``comment'' button
next to the information collection on the ``OIRA Information
Collections Under Review'' page, or the ``View ICR--Agency Submission''
page. A copy of the supporting statement for the collection of
information discussed herein may be obtained by visiting <a href="https://www.reginfo.gov/public/do/PRAMain">https://www.reginfo.gov/public/do/PRAMain</a>.
In addition to the submission of comments to <a href="https://Reginfo.gov">https://Reginfo.gov</a> as
indicated above, a copy of all comments submitted to OIRA may also be
submitted to the Commodity Futures Trading Commission (the
``Commission'' or ``CFTC'') by clicking on the ``Submit Comment'' box
next to the descriptive entry for OMB Control No. 3038-0078, at <a href="https://comments.cftc.gov/FederalRegister/PublicInfo.aspx">https://comments.cftc.gov/FederalRegister/PublicInfo.aspx</a>.
Or by either of the following methods:
<bullet> Mail: Christopher Kirkpatrick, Secretary of the
Commission, Commodity Futures Trading Commission, Three Lafayette
Centre, 1155 21st Street NW, Washington, DC 20581.
<bullet> Hand Delivery/Courier: Same as Mail above.
All comments must be submitted in English, or if not, accompanied
by an English translation. Comments submitted to the Commission should
include 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 (``FOIA''),
a petition for confidential treatment 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 <a href="https://www.cftc.gov">https://www.cftc.gov</a> 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 FOIA.
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\1\ 17 CFR 145.9.
FOR FURTHER INFORMATION CONTACT: Catherine Brescia, Attorney Advisor,
Market Participants Division, Commodity Futures Trading Commission,
Three Lafayette Centre, 1155 21st Street NW, Washington, DC 20581;
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(202) 418-5465; email: <a href="/cdn-cgi/l/email-protection#294a4b5b4c5a4a4048694a4f5d4a074e465f"><span class="__cf_email__" data-cfemail="1c7f7e6e796f7f757d5c7f7a687f327b736a">[email protected]</span></a>.
SUPPLEMENTARY INFORMATION:
Title: Conflicts of Interest Policies and Procedures by Futures
Commission Merchants and Introducing Brokers (OMB Control No. 3038-
0078).
Abstract: On April 3, 2012, the Commission adopted Commission
regulation 1.71 (Conflicts of interest policies and procedures by
futures commission merchants and introducing brokers \2\ pursuant to
sections 4d(c) \3\ of the Commodity Exchange Act (``CEA'').\4\
Commission regulation 1.71 generally requires that, among other things,
futures commission merchants (``FCM'') \5\ and introducing brokers
(``IB''): \6\ (1) develop conflicts of interest systems, procedures,
and disclosures; (2) adopt and implement written policies and
procedures reasonably designed to ensure compliance with their
conflicts of interest and disclosure obligations; and (3) maintain
specified records related to those requirements.\7\ The Commission
believes that the information collection obligations imposed by
Commission regulation 1.71 are essential to (i) ensuring that FCMs and
IBs develop and maintain the conflicts of interest systems, procedures
and disclosures required by the CEA, and Commission regulations, and
(ii) the effective evaluation of these registrants' actual compliance
with the CEA and Commission regulations.
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\2\ 17 CFR 1.71.
\3\ 7 U.S.C. 6d(c).
\4\ 77 FR 20198 (Apr. 3, 2012).
\5\ For the definition of FCM, see section 1a(28) of the CEA and
Commission regulation 1.3. 7 U.S.C. 1a(49) and 17 CFR 1.3.
\6\ For the definitions of IB, see section 1a(31) of the CEA and
Commission regulation 1.3. 7 U.S.C. 1a(33) and 17 CFR 1.3.
\7\ See 17 CFR 1.71.
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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.\8\ On May 9, 2025, 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, 90 FR 19687 (``60-Day Notice''). The Commission
did not receive any relevant comments on the 60-Day Notice.
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\8\ 44 U.S.C. 3512, 5 CFR 1320.5(b)(2)(i) and 1320.8 (b)(3)(vi).
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Burden Statement: The Commission is revising its estimate of the
burden for this collection to reflect the current number of respondents
and estimated burden hours. The respondent burden for this collection
is estimated to be as follows:
Number of Registrants: 956 (61 FCMs and 895 IBs).\9\
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\9\ The 60-Day Notice reflected an estimate of 959 respondents.
Based on this number of respondents, the Commission had previously
estimated that the annual burden hours for all respondents totaled
42,675.5. These estimates have been updated based on the most recent
available data on the total number of respondents as shown here.
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Estimated Average Burden Hours per Registrant: 44.5.
Estimated Aggregate Burden Hours: 42,542.
Frequency of Recordkeeping: Annually or on occasion.
There are no capital costs or operating and maintenance costs
associated with this collection.
(Authority: 44 U.S.C. 3501 et seq.)
Dated: July 17, 2025.
Robert Sidman,
Deputy Secretary of the Commission.
[FR Doc. 2025-13654 Filed 7-18-25; 8:45 am]
BILLING CODE 6351-01-P
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