A new category of registrant - retail
foreign exchange dealers - and previously unregistered
intermediaries are, for the first time, required to register
pursuant to amendments to the Commodity Exchange Act contained in
the Food, Conservation, and Energy Act of 2008, Pub L. No. 110-246,
122 Stat. 1651, 2189-2204 (2008). The number of entities required
to register under Part 3 has, therefore, increased.
Overall, estimated burden hours
are increased due to an increase in the number of persons expected
to apply for and maintain registration. The total number of
registrants has decreased from year to year due to several factors,
including, among other things, the adoption by the Commission of
regulations that provide additional exemptions from the requirement
to register as a commodity pool operator or as a commodity trading
advisor, and the industry trend away from open outcry trading to
electronic trading. In many cases, existing registrants have
withdrawn from registration, claiming exemption under the new
regulations. However, the Farm Bill requires the Commission to
register individuals and entities not previously required to
register, and the increase in burden hours reflects the
Commissions estimate of the number of new registrants.
$200,000
No
Yes
Uncollected
Uncollected
No
Uncollected
John Nowlin
202-418-5427
No
On behalf of this Federal agency, I certify that
the collection of information encompassed by this request complies
with 5 CFR 1320.9 and the related provisions of 5 CFR
1320.8(b)(3).
The following is a summary of the topics, regarding
the proposed collection of information, that the certification
covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a
benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control
number;
If you are unable to certify compliance with any of
these provisions, identify the item by leaving the box unchecked
and explain the reason in the Supporting Statement.