Exemptions from Speculative Limits

Forms and Documents

Document	Type	Status	Availability
30-day FRN (9-6-11).pdf	Supplementary Document	Uploaded 2011-09-06	Available
60-day FRN (6-22-11).pdf	Supplementary Document	Uploaded 2011-09-01	Available
PRA-0013 Supporting Statement 8-30-11.doc	Supporting Statement A	Uploaded 2011-09-01	Available

IC Document Collections

IC ID	Collection	Type	Status	Form
29025	Exemptions from Speculative Limits		Unchanged

ICR Details

OMB Control No: 3038-0013	ICR Reference No: 201501-3038-003
Status: Historical Active	Previous ICR Reference No: 201109-3038-001
Agency/Subagency: CFTC	Agency Tracking No:
Title: Exemptions from Speculative Limits
Type of Information Collection: Reinstatement without change of a previously approved collection	Common Form ICR:  No
Type of Review Request: Emergency	Approval Requested By: 07/23/2015
OIRA Conclusion Action: Approved without change	Conclusion Date: 03/19/2015
	Date Received in OIRA: 01/22/2015
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	09/30/2015	6 Months From Approved
Responses	16	0	0
Time Burden (Hours)	48	0	0
Cost Burden (Dollars)	0	0	0

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Abstract: Persons wishing to exempt their futures positions from speculative position limits in special cases must file a justification with the Commission.

Emergency Justfication: This collection is implicated in a current proposed rule (NPRM) issued on November 15, 2013, involving modifications to the aggregation provisions of Part 150 of the Commission's rules for position limits for futures and option contracts. The NPRM has generated considerable public comment, resulting in one extension of the comment period. However, a second extension of the comment period was added as a result of a December 9, 2014, public meeting of the Commission's Agricultural Advisory Committee. The second comment period extended for an additional 45 days, ending January 22, 2015.

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Authorizing Statute(s): US Code: 7 USC 6a(a), 6i, 12a(5) Name of Law: Speculative Limits
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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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
Exemptions from Speculative Limits

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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	16	0	0	0	0	16
Annual Time Burden (Hours)	48	0	0	0	0	48
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: $0

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? Yes

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]? No

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: 01/22/2015

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