Notice2025-14778
Agency Information Collection Activities: Proposed Collection, Comment Request
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
August 5, 2025
Issuing agencies
Commodity Futures Trading Commission
Abstract
The Commodity Futures Trading Commission (CFTC) is announcing an opportunity for public comment on the proposed collection of certain information by the agency. Under the Paperwork Reduction Act ("PRA"), Federal agencies are required to publish notice in the Federal Register concerning each proposed collection of information, including proposed extension of an existing collection of information, and to allow 60 days for public comment. The CFTC is requesting public comment on a proposed information collection concerning "Survey of the Costs of Bank Secrecy Act/Anti-Money Laundering Compliance" (Survey).
Full Text
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<title>Federal Register, Volume 90 Issue 148 (Tuesday, August 5, 2025)</title>
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[Federal Register Volume 90, Number 148 (Tuesday, August 5, 2025)]
[Notices]
[Page 37473]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2025-14778]
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COMMODITY FUTURES TRADING COMMISSION
Agency Information Collection Activities: Proposed Collection,
Comment Request
AGENCY: Commodity Futures Trading Commission.
ACTION: Notice.
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SUMMARY: The Commodity Futures Trading Commission (CFTC) is announcing
an opportunity for public comment on the proposed collection of certain
information by the agency. Under the Paperwork Reduction Act (``PRA''),
Federal agencies are required to publish notice in the Federal Register
concerning each proposed collection of information, including proposed
extension of an existing collection of information, and to allow 60
days for public comment. The CFTC is requesting public comment on a
proposed information collection concerning ``Survey of the Costs of
Bank Secrecy Act/Anti-Money Laundering Compliance'' (Survey).
DATES: Comments must be submitted on or before October 6, 2025.
ADDRESSES: You may submit comments, identified by ``Survey of the Costs
of Bank Secrecy Act/Anti-Money Laundering Compliance (OMB Control No.
3038-XXXX)'' by any of the following methods:
<bullet> The Agency's website, at <a href="https://comments.cftc.gov/">https://comments.cftc.gov/</a>.
Follow the instructions for submitting comments through the website.
<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.
Please submit your comments using only one method.
FOR FURTHER INFORMATION CONTACT: H. Adam Schwartzman, Attorney Advisor,
Market Participant's Division, Commodity Futures Trading Commission,
(202) 340-7236; email: <a href="/cdn-cgi/l/email-protection#4b2a3828233c2a393f31262a250b282d3f28652c243d"><span class="__cf_email__" data-cfemail="0c6d7f6f647b6d7e7876616d624c6f6a786f226b637a">[email protected]</span></a>.
SUPPLEMENTARY INFORMATION: Under the PRA, 44 U.S.C. 3501 et seq.,
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. 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.
Title: Survey of the Costs of Bank Secrecy Act/Anti-Money
Laundering Compliance (OMB Control No. 3038-XXXX). This is a request
for approval of a new information collection.
Abstract: The proposed survey seeks to gather information on the
direct costs incurred by CFTC-registered futures commission merchants
and introducing brokers in complying with the Bank Secrecy Act (BSA)
and related Anti-Money Laundering (AML) requirements. Responses will
help the agency understand the financial impact of these regulations
and may be used to shape deregulatory proposals consistent with the
Executive Orders of the Trump administration.
With respect to the proposed collection of information, the CFTC
invites comments on:
<bullet> Whether the proposed collection of information is
necessary for the proper performance of the functions of the
Commission, including whether the information will have a practical
use;
<bullet> The accuracy of the Commission's estimate of the burden of
the proposed collection of information, including the validity of the
methodology and assumptions used;
<bullet> Ways to enhance the quality, usefulness, and clarity of
the information to be collected; and
<bullet> Ways to minimize the burden of collection of information
on those who are to respond, including through the use of appropriate
automated electronic, mechanical, or other technological collection
techniques or other forms of information technology; e.g., permitting
electronic submission of responses.
All comments must be submitted in English, or if not, accompanied
by an English translation. Comments will be posted as received to
<a href="https://www.cftc.gov">https://www.cftc.gov</a>. 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 treatment of
the exempt information may be submitted according to the procedures
established in Sec. 145.9 of the Commission's regulations.\1\
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\1\ 17 CFR 145.9.
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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 the Freedom of
Information Act.
Burden Statement: The estimated hour burden for this collection is
calculated as follows:
Estimated number of respondents: 956.
Estimated number of reports per respondent: 1.
Average number of hours per report: 2.
Estimated total annual burden hours: 1912.]
There are no capital costs or operating and maintenance costs
associated with this collection.
(Authority: 44 U.S.C. 3501 et seq.)
Dated: July 31, 2025.
Robert Sidman,
Deputy Secretary of the Commission.
[FR Doc. 2025-14778 Filed 8-4-25; 8:45 am]
BILLING CODE 6351-01-P
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