Position Reports for Physical Commodity Swaps, 17 CFR Part 20

Forms and Documents

Document Name	Status
Part 20-Supporting Statement.docx Supporting Statement A	2010-11-02
30-FRN (Part 20).pdf Supplementary Document	2010-11-02
Part 20 PRA Relevant Statutes.pdf Supplementary Document	2010-10-22

IC Document Collections

IC ID	Document Title	Status
194908	Position Reports for Physical Commodity Swaps	New

ICR Details

OMB Control No: 3038-0095	ICR Reference No: 201010-3038-005
Status: Historical Inactive	Previous ICR Reference No:
Agency/Subagency: CFTC	Agency Tracking No:
Title: Position Reports for Physical Commodity Swaps, 17 CFR Part 20
Type of Information Collection: New collection (Request for a new OMB Control Number)	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Comment filed on proposed rule	Conclusion Date: 01/27/2011
	Date Received in OIRA: 11/10/2010
Terms of Clearance: Agency must resubmit collection for approval once it has addressed the public comments, if any, received, on the collection.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date		36 Months From Approved
Responses	0	0	0
Time Burden (Hours)	0	0	0
Cost Burden (Dollars)	0	0	0

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Abstract: The Commodity Futures Trading Commission is proposing reporting regulations that are reasonably necessary for implementing and enforcing aggregate position limits for certain physical commodity derivatives mandated by the Dodd-Frank financial reform bill. The Commission's proposal would require position reports on economically equivalent swaps from clearing organizations, their members, and swap dealers.

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Authorizing Statute(s): US Code: 7 USC 1 et seq. Name of Law: Position Reports for Physical Commodity Swaps
   PL: Pub.L. 111 - 203 124 Stat. 1376 (2010) Name of Law: Position Reports for Physical Commodity Swaps
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
3038-AD17	Proposed rulemaking	75 FR 67258	11/02/2010

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Federal Register Notices & Comments
30-day Notice:	Federal Register Citation:	Citation Date:
	75 FR 67258	11/02/2010
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
Position Reports for Physical Commodity Swaps

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Burden increases because of Program Change due to Agency Discretion: Yes

Burden Increase Due to: Changing Regulations

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: There is no change with respect to an increase or decrease in the burden -- as this is a new ICR submission.

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Annual Cost to Federal Government: $2,240,000

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? Yes

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? Uncollected

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Common Form ICR:  No

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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:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(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;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

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.

Certification Date: 11/10/2010

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