Regulation Pertaining to Financial Integrity of the Forex Market Place

Forms and Documents

Document	Type	Status	Availability
SUPPORTING STATEMENT.docx	Supporting Statement A	Uploaded 2011-12-22	Available

IC Document Collections

IC ID	Collection	Type	Status	Form
191703	Regulation Pertaining to Financial Integrity of the Forex Market Place		Modified

ICR Details

OMB Control No: 3038-0062	ICR Reference No: 201112-3038-011
Status: Historical Active	Previous ICR Reference No: 201001-3038-001
Agency/Subagency: CFTC	Agency Tracking No:
Title: Regulation Pertaining to Financial Integrity of the Forex Market Place
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: Approved without change	Conclusion Date: 01/12/2012
	Date Received in OIRA: 12/23/2011
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	01/31/2015	36 Months From Approved
Responses	4,493	0	0
Time Burden (Hours)	4,202	0	0
Cost Burden (Dollars)	0	0	0

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Abstract: Pursuant to Amendment to the Commodity Exchange act found in the Food, Conservation, and Emergency Act 2008, Pub. L. No 110-246, 122 Stat. 1651, 2189-2204 (2008), the Commission has proposed a comprehensive set of rules applicable to intermediaries and counterparties engaged in the off and sale of off-exchange forex contracts to retail customers. New requirements under the proposed Part 5 include reporting and record-keeping obligations by retail foreign exchange dealers who fail to maintain required capital, reporting to customers, risk assessment filings and recordkeeping requirements

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Authorizing Statute(s): PL: Pub.L. 110 - 246 122 Stat. 1651, 2189-2204 Name of Law: Food, Conservation and Energy Act of 2008
  

Citations for New Statutory Requirements: PL: Pub.L. 110 - 246 122 Stat., 1651, 2189-2204 Name of Law: Farm Bill

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
3038-AC61	Final or interim final rulemaking	75 FR 3282	01/20/2010

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	75 FR 3282	01/20/2010
30-day Notice:	Federal Register Citation:	Citation Date:
	75 FR 55410	09/10/2010
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
Regulation Pertaining to Financial Integrity of the Forex Market Place

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ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to New Statute	Change Due to Agency Discretion	Change Due to Adjustment in Estimate	Change Due to Potential Violation of the PRA
Annual Number of Responses	4,493	0	4,493	0	0	0
Annual Time Burden (Hours)	4,202	0	4,202	0	0	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

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: No

Burden Reduction Due to:

Short Statement:

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Annual Cost to Federal Government:

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: 12/23/2011

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