Position Limits for Derivatives

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
Form CFTC Form 204 Position Limits for Derivatives	Form and Instruction	New	Available
Part_150_Supporting_Statement_New_NPRM(7-2014)_.doc	Supporting Statement A	Uploaded 2014-07-01	Available
Position Limits Copies of Forms for OMB - final(11-2013).docx	Supplementary Document	Uploaded 2014-06-27	Available
Correction-FRN (78 FR 75680) 12-19-13.pdf	Supplementary Document	Uploaded 2014-06-27	Available
60-day FRN for New NPRM (12-12-13)-.pdf	Supplementary Document	Uploaded 2014-06-27	Available

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
212147	Position Limits for Derivatives	Form and Instruction	New

ICR Details

OMB Control No: 3038-0110	ICR Reference No: 201406-3038-001
Status: Historical Inactive	Previous ICR Reference No:
Agency/Subagency: CFTC	Agency Tracking No:
Title: Position Limits for Derivatives
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: Comment filed on proposed rule	Conclusion Date: 09/05/2014
	Date Received in OIRA: 07/02/2014
Terms of Clearance: Pursuant to 5 CFR 1320.11(c), OMB files this comment on this information collection request (ICR. The agency shall examine public comment in response to the NPRM and will describe in the supporting statement of its next collection any public comments received regarding the collection as well as why (or why it did not) incorporate the commenter’s recommendation. The next submission to OMB must include the draft final rule.

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date		36 Months From Approved
Responses	0	0	0
Time Burden (Hours)	0	0	0
Cost Burden (Dollars)	0	0	0

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Abstract: The Commission is proposing the reporting and record-keeping requirements contained in the attached federal register release in order to establish an effective, efficient , and comprehensive position limits regime. Congress mandated in Section 4a(a)(2) and 4a(a)(5) of the Commodity Exchange Act that the Commission establish federal limits on speculative trading with regard to physical commodity futures contracts (and options) along with swaps that are economically equivalent to such futures.

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Authorizing Statute(s): US Code: 7 USC 6a Name of Law: Excessive Speculation (Dodd-Frank)
  

Citations for New Statutory Requirements: US Code: 7 USC 6a Name of Law: Excessive Speculation (Dodd-Frank)

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
3038-AD99	Proposed rulemaking	78 FR 75680	12/12/2013

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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: 1

table that charts list of burden

IC Title	Form No.	Form Name
Position Limits for Derivatives	CFTC Form 504, CFTC Form 604, CFTC Form 704, CFTC Form 204, CFTC Form 304	Statement of Cash Positions of Hedgers ,   Statement of Cash Positions for Unfixed-Price Cotton-On Call ,   Statement of Cash Positions for Conditional Spot Month Exemptions ,   Statement of Pass- Through Swap Exemptions ,   Statement of Anticipatory Bona Fide Hedge Exemptions

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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: No

Burden Reduction Due to:

Short Statement:

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Annual Cost to Federal Government: $241,000

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: 07/02/2014

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