Real-Time Public Reporting and Block Trade

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
Block Trade SUPPORTING STATEMENT.doc	Supporting Statement A	Uploaded 2013-09-03	Available

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
203388	Procedures to Establish Appropriate Minimum Block Sizes for Large Notional Off-Facility Swaps and Block Trades		Unchanged
195664	Real-Time Public Reporting		Unchanged

ICR Details

OMB Control No: 3038-0070	ICR Reference No: 201309-3038-002
Status: Historical Active	Previous ICR Reference No: 201306-3038-005
Agency/Subagency: CFTC	Agency Tracking No:
Title: Real-Time Public Reporting and Block Trade
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 08/01/2014
	Date Received in OIRA: 09/03/2013
Terms of Clearance:

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	08/31/2017	36 Months From Approved	04/30/2015
Responses	2,701,444	0	1,198
Time Burden (Hours)	734,472	0	677,140
Cost Burden (Dollars)	401,531,939	0	150,017,825

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Abstract: The proposed regulations in Part 43 impose certain recordkeeping and public reporting requirements on the following entities; swaps execution facilities (

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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

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
3038-AD08	Final or interim final rulemaking	78 FR 32866	05/31/2013

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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: 2

table that charts list of burden

IC Title	Form No.	Form Name
Real-Time Public Reporting
Procedures to Establish Appropriate Minimum Block Sizes for Large Notional Off-Facility Swaps and Block Trades

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ICR Summary of Burden

table that charts list 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	2,701,444	1,198	247,500	2,452,746	0	0
Annual Time Burden (Hours)	734,472	677,140	5,255	52,077	0	0
Annual Cost Burden (Dollars)	401,531,939	150,017,825	23,053,360	228,460,754	0	0

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: The numbers presented on the IC burden worksheet cannot accurately reflect the actual burden because the number of reports by each respondent varies by frequency and amount. (See 78 FR 32866, 32915, May 31, 2013, as well as the Supporting statement.) For instance, the Commission estimates that there are 125 SDs and MSPs, and 1000 other non-financial end-users parties. On average, the estimate is that SD/MSP reporting parties would likely notify a SEF or DCM of a block trade election approximately 1000 times per year while non-SD/MSP reporting parties likely would notify a SEF or DCM of a block trade election approximately 5 times per year.

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Annual Cost to Federal Government: $5,000,000

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: 09/03/2013

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