Regulations Establishing and Governing the Duties of Swap Dealers and Major Swap Participants

Forms and Documents

Document	Type	Status	Availability
Form 8-R Regulation Establishing and Governing the Duties of Swap Dealers and Major Swap Dealers	Form and Instruction	Modified	Repair queued
PRA FINAL RULES - Support Statement (FINAL-9-13-12).doc	Supporting Statement A	Uploaded 2012-10-23	Available

IC Document Collections

IC ID	Collection	Type	Status	Form
195311	Regulation Establishing and Governing the Duties of Swap Dealers and Major Swap Dealers	Form and Instruction	Modified

ICR Details

OMB Control No: 3038-0084	ICR Reference No: 201202-3038-007
Status: Historical Active	Previous ICR Reference No: 201011-3038-009
Agency/Subagency: CFTC	Agency Tracking No:
Title: Regulations Establishing and Governing the Duties of Swap Dealers and Major Swap Participants
Type of Information Collection: Existing collection in use without an OMB Control Number	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 02/01/2013
	Date Received in OIRA: 10/26/2012
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	02/29/2016	36 Months From Approved
Responses	2,375	0	0
Time Burden (Hours)	143,563	0	0
Cost Burden (Dollars)	14,356,875	0	0

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Abstract: In accordance with the Commodity Exchange Act, as amended by the Dodd-Frank Act, the proposed regulations would require swap dealers and major swap participants to develop a risk management program (including a business continuity and disaster recovery plan and procedures to ensure compliance and applicable position limits). The information collection would be used to ensure that registrants maintain an adequate risk management program.

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

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
3038-AC96	Final or interim final rulemaking	77 FR 20128	04/03/2012

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Federal Register Notices & Comments

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 Establishing and Governing the Duties of Swap Dealers and Major Swap Dealers	8-R	Individual Application Template with Instructions

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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	2,375	0	2,375	0	0	0
Annual Time Burden (Hours)	143,563	0	143,563	0	0	0
Annual Cost Burden (Dollars)	14,356,875	0	14,356,875	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: $326,250

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: 10/26/2012

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