Part 38Core Principles and Other Requirements for Designated Contract Markets Proposed Rule

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
Form 3038-0052 Part 38 - Designated Contract Markets	Form and Instruction	Modified	Available
2011 supportingstatement.doc	Supporting Statement A	Uploaded 2013-09-11	Available

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
29100	Part 38 - Designated Contract Markets	Form and Instruction	Modified

ICR Details

OMB Control No: 3038-0052	ICR Reference No: 201309-3038-006
Status: Historical Active	Previous ICR Reference No: 201207-3038-012
Agency/Subagency: CFTC	Agency Tracking No:
Title: Part 38Core Principles and Other Requirements for Designated Contract Markets Proposed Rule
Type of Information Collection: Reinstatement with change of a previously approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 10/25/2013
	Date Received in OIRA: 09/11/2013
Terms of Clearance:

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	10/31/2016	36 Months From Approved
Responses	90	0	0
Time Burden (Hours)	7,920	0	0
Cost Burden (Dollars)	0	0	0

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Abstract: The Proposed rules, guidance and acceptable practices implement the new statutory framework that, among other things, amends section 5 of the Commodity Exchange Act (CEA) concerning designation and cooperation of contract markets and adds a new CEA section 2(h)(8) to include the listing, trading and execution of swaps on designated contract markets.

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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 Sec 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-AD09	Final or interim final rulemaking	77 FR 36612	06/19/2012

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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

table that charts list of burden

IC Title	Form No.	Form Name
Part 38 - Designated Contract Markets	3038-0052	Form DCM (Contract Market Application or Amendment to Application for Designation)

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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	90	0	90	-13	0	13
Annual Time Burden (Hours)	7,920	0	7,920	-4,810	0	4,810
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: Yes

Burden Reduction Due to: Changing Regulations

Short Statement: The new regulation allows for the transaction of swaps on DCMs, provides for 5 new core principles for DCMs to comply with in addition to various revised core principles that incorporate former designation criteria.

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Annual Cost to Federal Government: $120,000

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: 09/11/2013

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