Aggregation of Positions

Forms and Documents

Document Name	Status
Aggregation of Positions (2016) PRA 150.4 final Spreadsheet.xlsx Supplementary Document	2016-12-21
Aggregation Supplemental NPRM Supporting Statement Attachment A_0013 (2016).docx Supplementary Document	2016-12-21
Aggregation Supplemental FINAL RULE PRA Supporting Statement (2016).docx Supporting Statement A	2017-03-09
Aggregation Supplemental NPRM Supporting Statement Attachment A_0013 (2).docx Supplementary Document	2015-10-13

IC Document Collections

IC ID	Document Title	Status
29025	Exemptions from Speculative Limits	Modified

ICR Details

OMB Control No: 3038-0013	ICR Reference No: 201612-3038-006
Status: Historical Active	Previous ICR Reference No: 201510-3038-002
Agency/Subagency: CFTC	Agency Tracking No:
Title: Aggregation of Positions
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved with change	Conclusion Date: 03/10/2017
	Date Received in OIRA: 12/21/2016
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	03/31/2020	36 Months From Approved	10/31/2018
Responses	340	0	16
Time Burden (Hours)	6,850	0	48
Cost Burden (Dollars)	1,088,000	0	0

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Abstract: This submission submits the Final Rule under 17 CFR Part 150, "Aggregation of Positions." (The specifics of the final rule are described below in the second paragraph.) Section 4a(a) of the Commodity Exchange Act (Act) allows the Commission to set speculative limits in any commodity for future delivery in order to prevent excessive speculation. Market participants under the proposed rules must combine positions of owned entities for purposes of complying with speculative limits, but the proposed rules also provide for certain exemptions. The reporting and record-keeping requirements proposed would be used by the Commission generally and by Commission surveillance staff in particular to verify the aggregation of positions across multiple entities, and for general surveillance purposes. This additional data would allow the Commission to understand how market participants are applying exemptions, ensure the proper application of such exemptions, and provide the Commission with information to adjust exemptions in the future. "Aggregation of Positions," Final Rule--The Commission is issuing a final rule to amend part 150 of the Commission’s regulations with respect to the policy for aggregation under the Commission’s position limits regime for futures and option contracts on nine agricultural commodities. The Commission notes that if its proposed position limits regime for other exempt and agricultural commodity futures and options contracts and the physical commodity swaps that are economically equivalent to such contracts are finalized, these amended regulations would also apply to the position limits regime for those contracts and swaps.

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

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
3038-AD82	Final or interim final rulemaking	81 FR 91454	12/16/2016

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Federal Register Notices & Comments

Did the Agency receive public comments on this ICR? Yes

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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	340	16	0	324	0	0
Annual Time Burden (Hours)	6,850	48	0	6,802	0	0
Annual Cost Burden (Dollars)	1,088,000	0	0	1,088,000	0	0

Burden increases because of Program Change due to Agency Discretion: Yes

Burden Increase Due to: Miscellaneous Actions

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: Increase in labor costs for respondents.

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Annual Cost to Federal Government: $3,520

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: 12/21/2016

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