Commodity Pool Operators and Commodity Trading Advisors: Amendment to Compliance Obligation

Forms and Documents

Document	Type	Status	Availability
Form CPO-PQR Commodity Pool Operators and Commodity Trading Advisors: Amendments to Compliance Obligation	Form and Instruction	Modified	Repair queued
3038-0005 PRA Part 4 supportingstatement.doc	Supporting Statement A	Uploaded 2011-10-31	Available

IC Document Collections

IC ID	Collection	Type	Status	Form
29006	Commodity Pool Operators and Commodity Trading Advisors: Amendments to Compliance Obligation	Form and Instruction	Modified

ICR Details

OMB Control No: 3038-0005	ICR Reference No: 201110-3038-007
Status: Historical Inactive	Previous ICR Reference No: 201105-3038-003
Agency/Subagency: CFTC	Agency Tracking No:
Title: Commodity Pool Operators and Commodity Trading Advisors: Amendment to Compliance Obligation
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Comment filed on proposed rule and continue	Conclusion Date: 02/10/2012
	Date Received in OIRA: 11/01/2011
Terms of Clearance: Pursuant to 5 CFR 1320.11(c), OMB files this comment on this information collection request (ICR). In accordance with 5 CFR 1320, OMB is withholding approval at this time. The agency shall examine public comment in response to the NPRM and will include in the supporting statement of the next ICR--to be submitted to OMB at the final rule stage--a description of how the agency has responded to any public comments on the ICR, including comments on maximizing the practical utility of the collection and minimizing the burden.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	10/31/2014	36 Months From Approved	10/31/2014
Responses	9,516	0	9,516
Time Burden (Hours)	370,530	0	370,530
Cost Burden (Dollars)	0	0	0

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Abstract: The Commodity Futures Trading Commission is adopting amendments to its existing regulation and one new regulation regarding Commodity Pool Operators and Commodity Trading Advisors. The adopted amendment will, among other things, rescind the exemption from registration provided in 4.13(a)(4)of the Commission's regulations; rescind and exclusion from registration under 4.5 of the Commission's regulations; and require certain registrants to file annual notices claiming relief

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Authorizing Statute(s): PL: Pub.L. 111 - 203 124 Stat. 1376 (2010) Name of Law: Dodd - Frank Act
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
3038-AD30	Proposed rulemaking	76 FR 7976	02/11/2011

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	76 FR 7076	02/11/2011
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
Commodity Pool Operators and Commodity Trading Advisors: Amendments to Compliance Obligation	CTA-PR, CPO-PQR	CPO-PQR ,   CTA-PR

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

Burden Increase Due to:

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

Burden Reduction Due to: Changing Regulations

Short Statement: The burden is adjusted due to the need to realign CFTC reporting requirements with those of other regulators.

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Annual Cost to Federal Government: $0

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: 11/01/2011

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